Phoenix
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Phoenix Office Report – Spring 2019
The metro added 77,000 jobs in 2018, a 3.7 percent increase year-over-year, well above the 1.9 percent national growth rate. The most significant gains were in professional and business services, which added 16,900 jobs.
16 May 2019 12:23 -
Hines Continues Arizona Storage Expansion
The company is set to develop two facilities in Tempe and Litchfield Park. The properties are expected to be completed by the end of this year.
14 May 2019 13:43 -
Jackson-Shaw, LaPour Partners Kick Off Metro Phoenix Industrial Project
The joint venture is developing Parc Germann, a new 224,471-square-foot, two-building industrial property in Chandler, Ariz. The facility is expected to open this year.
19 April 2019 11:11 -
Phoenix Retail Center Trades for $20M
Executive Managing Directors Ryan Schubert and Michael Hackett of Cushman & Wakefield brokered the sale of the 90,264-square-foot Madison Village Marketplace.
10 April 2019 13:05 -
Balfour Pacific Enters Phoenix Office Market With $42M Buy
The iconic Phoenix Corporate Tower is anchored by the Arizona Department of Child Safety and has been renovated multiple times since its construction in 1965.
08 April 2019 13:24 -
Velocis Sells Scottsdale Office Building for $53M
During its four-year ownership, the seller implemented a capital improvement program to reposition Camelback Square by upgrading the corridors and elevator lobby and adding a new conference center.
04 April 2019 10:06 -
Graycor Completes 1st Phase of TEN Distribution Center in Phoenix
The development is Foreign Trade Zone capable, allowing for reductions of up to 72 percent on real estate property and equipment taxes.
18 March 2019 12:43 -
Cushman & Wakefield Brokers AZ Industrial Sale
Conor Commercial Real Estate and Globe Corp. sold AZ|60 Industrial for $27 million. The two-building property in Gilbert encompasses 225,600 square feet.
15 March 2019 12:43 -
LGE Breaks Ground on Phoenix-Area Warehouse
The design-build company has teamed up with Clarius Partners on the development of The HUB at Goodyear, a 791,000-square-foot spec project spanning 43 acres.
12 March 2019 11:40 -
Lincoln Property Co. Tops Out AZ Office Asset
The property is the second of eight planned buildings at The Grand at Papago Park Center in Tempe, which will house 1.8 million square feet of office space.
06 March 2019 17:27 -
Phoenix Office Building to Undergo $17M Revamp
New owner George Oliver Cos. will transform CASA, an Uptown property formerly known as Catalina Terraces, into a modern workplace focused on tenant health and wellness.
27 February 2019 17:18 -
Farmers Insurance Exchange Signs New Lease in Phoenix
The company will occupy a 17,351-square-foot building, part of the Spectrum Ridge Flex park. Kidder Mathews brokered the transaction on behalf of the owner.
26 February 2019 14:26 -
AZ Office Campus Commands $63M
Cushman & Wakefield Executive Directors Tracy Cartledge, Steve Lindley and Bob Buckley worked on behalf of the seller to facilitate the disposition of Rio West Business Park in Tempe.
26 February 2019 10:13 -
Park Hotels Sells Phoenix Asset for $51M
The lodging REIT’s disposition of the 563-key Pointe Hilton Squaw Peak Resort is part of its portfolio transformation strategy.
11 February 2019 12:52 -
Transwestern Adds Jim Fijan to Phoenix Office
Jim Fijan brings 35 years of experience to the new role and has been named NAIOP Office Broker of the Year 20 times in the course of his career.
04 February 2019 14:39