Office

The rating agency cited a lack of information for its unusual move.

More than 620 tons of steel were used, enough to build the Space Needle three times, in the Spheres' construction, with a design that includes no enclosed offices, conference spaces or desks.

Demand for core assets is deep and pricing is well above the last peak, but there limited supply of quality core assets.

In addition to Abrams, the group now joining Compass includes brokers Lisa Rosenthal, Rebecca Olshan, Herman Glaswand, Curtis Woodside and Alexander Vellios.

The 1.9 million square foot office tower under construction in Tempe is going to be a game changer for the market.

The property formerly served as an R&D and manufacturing hub for Raytheon, but has been transformed into a modern multi-tenant campus via substantial capital investment throughout the past 10 years.

Rubenstein's business plan calls for the creation of walking connections to a new retail center currently being built adjacent to the Research Plaza property, which will help tenants access the new retail amenities at the complex.

Tech companies and start-ups are congregating in the Airport Area and at the Irvine Spectrum in Orange County.