Phoenix

Tratt Properties is building a 1.3 million-square-foot class-A industrial facility in an opportunity zone.

The billionaire purchased 24,000 acres outside of Buckeye in Arizona and an additional 2,800 acres in Buckeye.

The urgent care provider partners with CBRE to acquire new real estate for medical clinics as well as monitor leases and manage clinic maintenance.

The Arizona city is one of the fastest growing in the country, and the retail market is poised to grow significantly over the next few years.

Despite 6.4 million square feet in industrial deliveries in 2019, the vacancy rate in Phoenix stayed below 10%.

Demand and price growth in satellite cities could actually outpace that of the core cities, according to Zumper, which identified major metros that retained popularity last year and what satellite cities stole the spotlight.

As young professionals continue a mass exodus from higher cost of living areas, employment opportunities coupled with the absence of state income tax make Texas and Austin the epicenter of this migration.

Afton Trail joins the firm as director of property management for the desert region, overseeing 10 million square feet.