Phoenix
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Vantage Data Centers to Add 160 MW in Phoenix
The campus will comprise three data centers across 1 million square feet in Goodyear, Ariz. The initial phase will add an initial 32 megawatts and is slated for completion in 2020.
23 January 2019 17:48 -
Hines Opens Offices at Chandler Viridian in AZ
The office property is part of the larger 25-acre Chandler Viridian master-planned development, which will also include hotel, residential and retail services.
17 January 2019 12:34 -
Phoenix Newspaper Headquarters Sells for $38M
The ViaWest Group acquired the Arizona Republic’s headquarters in the city’s central business district. Current tenants, all affiliates or spinoffs of Gannett, will remain at the property.
07 January 2019 14:07 -
Equus Capital Sells 345 KSF Office in Scottsdale
Working on behalf of the seller, Newmark Knight Frank facilitated the disposition of Raintree Corporate Center, a two-building, multi-tenant asset.
07 January 2019 10:51 -
Demand in Phoenix on the Rise
The metro added 18,000 office-using jobs in the 12 months ending in August, up about 3 percent and far outpacing the 1.8 percent national average. The city has 584,000 office-using jobs, equal to 27.8 percent of the total employment pool.
26 December 2018 15:21 -
Scottsdale Showroom Property Changes Hands
The 110,000-square-foot asset features local and national interior designers, retailers and art dealers. A Cushman & Wakefield team arranged the transaction on behalf of the seller.
26 November 2018 13:25 -
Arizona Voters Reject Renewable Energy Proposition
The constitutional amendment would have required 50 percent of the electricity provided by APS to come from renewable sources by 2030, irrespective of the cost to customers.
07 November 2018 11:31 -
A Nuanced Analysis of Phoenix’s Industrial Market Boom
With the metro boasting dynamic speculative industrial development, Lee & Associates Arizona Principal Chris McClurg explains why developers favor certain submarkets of the city.
06 November 2018 10:00 -
Heslin Holdings Acquires Tucson Retail Asset
The acquisition is part of the company’s plan to invest $75 million in shopping centers across the nation during the next year.
11 October 2018 13:56 -
CBRE to Manage 1 MSF Data Center Portfolio
Lincoln Rackhouse and Principal Real Estate Investors acquired three data center campuses in top-performing U.S. markets. The assets underwent a $200 million renovation program prior to the transaction.
10 October 2018 20:06 -
ORION Arranges Phoenix Retail Acquisition
The fully occupied property last traded in 2014. The asset serves four major neighborhoods and sees an average annual daily traffic count of roughly 24,000 vehicles.
09 October 2018 13:23 -
Fenway Capital, Iron Point Buy $25M Phoenix Office Property
The new owners are set to invest more than $7 million in capital and tenant improvements. CBRE's Capital Markets secured an acquisition loan through CapitalSource.
08 October 2018 12:25 -
Liberty Property Trust Sells Phoenix Office Portfolio for $255M
CBRE represented the REIT in the sale of five buildings totaling 806,000 square feet, one of the metro’s largest office transactions on record.
04 October 2018 12:58 -
George Smith Partners Assembles $106M for Spec Project in Phoenix
The 250,000-square-foot Class A office tower, along with 44,000 square feet of lifestyle retail, is part of The Watermark Tempe, a mixed-use project that Fenix Development is undertaking in Tempe, Ariz.
01 October 2018 12:38 -
Amazon-Leased Distribution Center Commands $98M
The Koll Co. and Seera Investment Bank B.S.C. sold the 1 million-square-foot distribution center in Phoenix, two years after acquiring the property for $74.8 million.
01 October 2018 12:03