On May 14, Kitchell Development Company announced that Abbott Label, a wholesale custom printing company, has leased the final 50,509 square feet of vacancy at Elliot 94, completing the lease-up of the premier Class…
On Feb. 13, Creation broke ground on a 144,885-square-foot Class A industrial facility in Southern Tempe. Located in one of the most sought-after regions in the Valley, Source Logistics Center…
CBRE negotiated the sale of Ocotillo Bay, a 296-unit multifamily community in Chandler, Ariz. CBRE’s Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen represented the seller, a national fund manager. New York-based TGM acquired Ocotillo…
LGE Design Build (LGE), an award-winning integrated design-build firm, announced on May 12 the completion of construction on Thunderbird Commerce Park, a 243,360-square-foot Class-A industrial building in Scottsdale Airpark developed by Creation.…
City of Phoenix leaders, community members and partners celebrated the ceremonial groundbreaking of Innovation 27 on May 7. The event marked the official launch of this dynamic initiative, which will…
The sale of a shopping complex in Mesa led the biggest commercial real estate deals in April. Here are the 10 biggest deals in Metro Phoenix commercial real estate from…
On April 29, Creation, a Phoenix-based real estate development and alternative investment firm, and LGE Design Build, a premier Southwest design-build firm, announced the start of construction on Nexus Commerce Center,…
Western office markets faced mounting challenges in December 2024, with San Francisco standing out. The city saw record-high vacancy rates of 28.8% driven by a wave of lease expirations and declining demand. These pressures have also weighed…
San Diego-based Tower 16 Capital Partners in partnership with Raith Capital Partners has successfully acquired Sanctuary at South Mountain, a 166-unit horizontal Build-to-Rent (BTR) property located near South Mountain in Phoenix. The…
CBRE negotiated the sale of Broadstone Uptown PHX, a 280-unit luxury multifamily community in Phoenix, Ariz. CBRE’s Austin Groen, Matt Pesch, Asher Gunter and Sean Cunningham represented the seller, Alliance Residential Company. Phoenix-based Christiansen Ventures LLC…
For the Q4 2024 industrial markets ranking report, CommercialCafe looked at key performance indicators across 30 major industrial markets in the U.S., tracking them each quarter. Markets are ranked based on…
In 2025, industrial development is expected to continue decelerating, in response to the rapid expansion seen early in the decade. But the good news for Valley residents is that the…
