Globest Sectors

After years of following the Phoenix market and its strengthening fundamentals, Texas-based CapRidge makes its first buy in the market.

The single user trend is likely to continue as McClellan Park breaks ground on McClellan Distribution Center to fill a void in the market for high clear-height buildings that can service e-commerce tenants.

The request proposes a walkable, mixed-use development that will include a mix of 900 condominiums, 500,000 square feet of new office space, 12,000 square feet of retail and nearly three acres of green space.

Demountable walls are often overlooked, but they can easily change the aesthetic and an office space and add flexibility to the floor plan.

More to the point, why do they even need to try?

According to Austin's Strategic Housing Blueprint, the city will need 60,000 new housing units for low-income families, plus another 75,000 market-rate units to meet its housing needs in the next decade.

The global valuation and corporate finance consultant goes from subletter to tenant expanding by almost 30,000 square feet at the Plaza District tower.

A 12-property 455-unit multifamily portfolio with 13 ground-floor retail suites just received $113.5 million via a six-year (including extension options) floating-rate loan through an affiliate of Walton Street Capital.