(To read more on the industrial market, click here.)

PHOENIX-A Southern California real estate development andinvestment banking company has broken ground on a $5.5-millionproject, with more planned in the Phoenix area. Blackhawk CapitalPartners of Beverly Hills will complete its first 100,000-sfself-storage facility by January 2007.

Located at Broadway Road and 35th Avenue, the combinationstorage facility and RV park project is being developed on 10 acresthat were purchased some months ago from residential developersSymphony Builders. As construction is under way on the Glendalesite, Blackhawk Capital is conducting due diligence on potentialsites in Mesa and Gilbert as well.

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