The Phoenix office of Jones Lang LaSalle completed a 9.4-acre land purchase for The MACK Company. The buyer will soon kick off construction at the site for the development…
While not quite as popular as the television shows including “Storage Wars,” “Parking Wars,” or even “Cupcake Wars,” Phoenix is in for a “war” of its own with the…
Total construction spending cooled in June as residential building hit the pause button, while private nonresidential and public construction also declined, according to an analysis of new Census Bureau…
Q&A with Tucson Regional Economic Opportunities President & CEO Joe Snell Q: TREO recently launched a new economic development strategy focused on strengths of diagnostics in Southern Arizona. How important…
The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement today in reaction to the launch of the new Coalition for…
With the Valley’s housing market healthy again, developers and builders of industrial and office properties are hoping to ride the wave. With the recession (hopefully) a distant memory, the industrial…
Commercial Properties Incorporated (CPI) announces the sale of 10 acres of land in Maricopa to Expected End Ministries, a Maricopa-based non-profit 501(c)(3) prison ministry. The group will develop the…
Over the past three years, the Metro Phoenix industrial market has confidently climbed its way back to recovery and historical norms in spite of hitting a bump or two.…
Just as Arizona State University construction projects are springing up around the Valley, the same can be said for the University of Arizona down the interstate in Tucson. And just…
As recent as two years ago, commercial foreclosures were affecting the markets and underlying property values. Then talk surfaced that the “blue blood” money was back and looking to make…
This month’s CoStar Commercial Repeat Sale Indices (CCRSI) provide the market’s first look at May 2013 commercial real estate pricing. Based on 1,220 repeat sales in May 2013 and more than…
There is new optimism in the office market as the sector is exhibiting positive vacancy, absorption, rental rates and sales velocity. Office had been the slowest commercial sector to…
