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The Phoenix market is continuing to grow with increasing investor interest. This week, the Phoenix market saw trades in all asset class and significant office lease expansions. While housing is the most active, the market is still struggling in other asset classes. Industrial and retail were flat or slowed in the third quarter, but office absorption was strong and is up for the year. Still, Southern California continues to lead the Southwest market in terms of activity, with office market activity dominating this week. Anaheim and San Diego had a major office campus trade and Los Angeles closed a major lease deal in Downtown Los Angeles. Here’s a look at this week’s trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.


Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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