industrial real estate Archives

BKM acquires 3-property industrial portfolio in Phoenix

by in AZRE Magazine | Industrial

BKM Capital Partners, an institutional fund manager, acquired the RREEF Tempe portfolio, a 305,524 square-foot three-property portfolio, in an off-market transaction. The three properties are located in Tempe. The portfolio consists of 16 multi-tenant light industrial buildings and was purchased for $24.1 million, which is 34 percent below replacement cost. This portfolio was acquired as… Read More →

Westcore returns to Phoenix with industrial buy

by in AZRE Magazine | Industrial

Westcore Properties reentered the Phoenix market after a short hiatus, adding a 170,625 square-foot industrial property located at 125 N. 67th Ave. to its portfolio. Westcore purchased the property, originally built in 2001, from an independent Canadian investor for $10.2 million. After approximately two years without a Phoenix property in its portfolio, Westcore wanted to… Read More →

Industrial Space Demand Could Approach Record Levels in 2014

Next Gen Industrial

A new report released by the NAIOP Research Foundation says that net demand for industrial space could reach 250 million square feet in 2014, surpassing the near-record level of 233 million square feet set in 2013. This significant level of absorption is due to the expected return of housing construction, which requires warehouse space for… Read More →

Real Estate Relationships: Importance Of Representation In Tough Marketplace


By Tom Ellis Businesses thinking of leasing space in Phoenix should have no problem finding a real estate broker to help them select the best site, and negotiate with the landlord on their behalf. But there is one thing the tenant must bring to the table — patience. Brokers who specialize in commercial tenant representation… Read More →