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Developer Fore Property built the 340-unit complex, located in Glendale, Arizona, in 2018.

The Phoenix apartment market is contributing more than $53 billion to the local economy, and that is just the beginning.

Tourney Plaza III will add 156,000 square feet in six properties to the medical office market.

In our EXCLUSIVE talk with Stan Johnson Co.'s Ryan Roedersheimer, we learn what makes multi-tenant retail a good option for net lease investors looking to expand or diversify their single-tenant portfolios.

The 18-story building was constructed in two phases in 1925 and 1950, renovated in 2008 and recently received more than $25 million in upgrades, including new lobby finishes and a common area addition.

An industrial facility in Vista, California, has traded hands for a record $217 per square foot.

The investor is also planning to execute a significant capital improvement plan on the apartment property.

CIM Group has topped out on 1150 Clay, a 16-story 288-unit apartment building located between 11th and 12th streets in downtown, which is anticipated to be completed in spring 2020.