GTIS Partners has formed a joint venture with Baker Development Corp. and Foundation Capital Partners to build Yuma 143, a logistics center located within a Qualified Opportunity Zone in Goodyear.…
Phoenix’s office transaction activity picked up the pace in March, after a slow February, when only 438,968 square feet changed hands. CommercialEdge data shows 1,383,345 square feet of office space traded…
Following the explosive growth of the industrial sector in 2020, developers continue to move forward, with nearly 370 million square feet of projects underway at the end of April, according…
More than a year into the pandemic, with vaccines rolling out and the U.S. economy aided by the injection of $1.9 trillion, outlooks show signs of overall stabilization, albeit at a…
Sumitomo Corporation of Americas plans to submit the former Collier Center, an office high-rise in downtown Phoenix, to a sweeping renovation, after which the company will reintroduce the approximately 600,000-square-foot…
Cold Summit Development has broken ground on a 357,000-square-foot speculative cold storage facility in Glendale, Ariz., that is expandable to 485,000 square feet. Cold Summit PHX marks the developer’s second…
Over the past 30 years, the share of global semiconductor manufacturing capacity in the U.S. has dropped from 37 percent to 12 percent, according to the Semiconductor Industry Association. In…
Ti Cold Development has secured a new source of capital to finance its growing cold storage portfolio. The company has partnered with BentallGreenOak, which has committed to providing capital to…
Macerich has sold Paradise Valley Mall, a 1.2 million-square-foot shopping center in Phoenix, for $126,500,000 to a joint venture of RED Development and an affiliate, according to the commercial real…
Through a challenging year for nearly every property sector, industrial real estate has consistently stood apart from the crowd. Having already had solid footing, the surge in e-commerce demand strengthened the sector…
KKR has acquired a five-building, 540,000-square-foot industrial portfolio in Phoenix for $68 million through its Americas opportunistic equity real estate strategy. According to CommercialEdge information, the previous owner was Lincoln…
After closing January with $137 million in office sales, Phoenix’s transaction activity lost some steam in February. According to CommercialEdge data, 438,968 square feet of office space traded across the…
