phoenix Archives

Phoenix industrial report: total vacancy remains unchanged

Dexcom

The Phoenix industrial real estate market started the year with strong leasing activity, increasing development and steady rental rates. Despite 1.6 million square feet of positive absorption, new deliveries of over two million square feet caused vacancy to remain unchanged at 9.8 percent. Kidder Mathew, an independent commercial real estate firm, expects increased competition for space… Read More →

CBRE completes $3 Million sale of Kneaders Bakery

Kneaders
by in AZ Business Magazine

CBRE completed the sale of a single-tenant, Kneaders Bakery & Café, located at 1150 E. Bell Rd. within the brand new Trellis on Bell mixed-use development in Phoenix. Four Foods Group (FFG Development, LLC) bought the land and just completed construction on the 4,050-square-foot retail property. The property commanded a sale price of $3 million. Kneaders Bakery… Read More →

Phoenix office report: total vacancy drops to 9-year low

Phoenix

The Phoenix office real estate market experienced over a million square feet of positive net absorption, strong leasing activity and steady rental rates during the first quarter of 2017, according to Kidder Mathews’ Phoenix office Q1 2017 report. Direct vacancy decreased to 15.9 percent, a 120 basis point decrease from this time last year. The… Read More →

Phoenix establishments prepare for a boost from Final Four

Eat Local. Party Local. That’s the theme for one of downtown Phoenix’s newest eateries, The Park. It’s also the hope for many local businesses this weekend. With the NCAA Final Four at University of Phoenix Stadium in Glendale, tens of thousands of fans are expected to make their way downtown. Newer local businesses such as… Read More →

Domino Effect: Newest Buckeye developments position area for growth

Buckeye
by in AZRE Magazine

Phoenix’s West Valley is on the rise. In fact, 52-percent of the Phoenix area’s future growth is expected to occur in the West Valley, according to the Greater Phoenix Economic Council. A taste of what that growth may look like can be seen today in the City of Buckeye where a successful master-planned community is… Read More →

Phoenix Sky Harbor International Airport ready for Final 4 teams

Spring break and Spring Training are starting to wind down in Arizona but for college basketball fans, it’s just beginning to heat up. The NCAA Phoenix Final Four events are taking place March 31-April 3 in the Valley of the Sun, and fans will be filing in from both coasts of the nation to root for the… Read More →

Fueled by optimism: Residential Real Estate heats up

Arizona Commercial Real Estate Development

“You can never have too much of a good thing,” or so the saying goes. But that’s not true when it comes to residential real estate in Metro Phoenix. “Arizona continues to have a shortage of listing inventory, especially less than $300,000,” says Trudy Moore, designated broker at HomeSmart. “First-time home buyers make up a… Read More →

Wildflower Bread Company opening Central Phoenix location

Wildflower Bread Company

Wildflower Bread Company is opening up its newest location late this summer at the Central Phoenix infill development project, Crown on 7th, early this summer near Seventh Street and Bethany Home Road. Darren George, vice president of Development for Wildflower Bread Company, says they’ve long wanted to be a part of this neighborhood. “A core tenet of our… Read More →

Az Business magazine launches ‘Silicon Desert Insider’

Arizona is home to a diverse range of startups and technology firms that are changing the state’s economy. And many of these firms have big success stories. As more success stories happen, more innovations are found and issues arise, we here at Az Business magazine want to keep a pulse on this growing technology community –… Read More →

Arizona Science Center receives $100,000 grant from Thunderbirds

Arizona School Choice Trust

Arizona Science Center is on a mission to bring an increased focus on science, technology, engineering and mathematics – the subjects commonly referred to as STEM – to teachers, students and families across Arizona through its innovative, signature STEM Extravaganza program. Thunderbirds Charities awarded Arizona Science Center $100,000 in grant funding to help provide customized… Read More →

Report: 2016 Phoenix land sales saw steady improvement

by in AZRE Magazine

The Greater Phoenix housing market maintained its pace of steady improvement in the last six months of 2016, which encouraged an acceleration in land sales. Total land activity was nearly identical to 2015 and projections indicate continued momentum throughout this year, according to a report released by Colliers International in Greater Phoenix. Permitting for both… Read More →

2 Phoenix industrial buildings sell for $4.8M

Phoenix
by in AZRE Magazine | Industrial

Two industrial investment buildings at 3249 & 3259 E. Harbour Dr. were bought for $4.8 million by Tashi G Zouras, Trustee, according to Commercial Properties Inc./CORFAC International. The buildings equaled approximately 42,001 square feet and are located in Southbank Business Center, just off the I-10 and 40th Street. Ron Schooler of CPI’s Investment Specialist Team… Read More →

CBIZ Plaza sells in Midtown for $26M

Cushman & Wakefield

A midtown office tower, near Central Avenue and Thomas Road, was sold to Houston-based Riva Ridge Development from Miami-based LNR Property Corporation for $26 million, which included fees assessed by an auction company, according to Cushman & Wakefield. The CBIZ Plaza is located at 3101 and 3111 N. Central Ave. in Phoenix, across the street… Read More →

Phoenix sets ambitious greenhouse gas reduction goal

Air Quality

The Phoenix City Council this week unanimously approved an ambitious new goal of reducing greenhouse gas (GHG) emissions by 40 percent within its own operations by 2025. The City Council took action after hearing an update on the city’s progress towards its long term goal of becoming a carbon-neutral city.   “Phoenix has authored one of… Read More →