Commercial tenants and landlords should check their leases for CPI escalation rights and calculate accordingly. Very recently, I was contacted by a shopping mall tenant who sent me a letter…
Menlo Group Commercial Real Estate announced the successful sale of Lake Biltmore Corporate Center. The more than 100,000 sq. ft., two-building, multi-tenant office property sold for $11.5 million. Lake Biltmore…
Full-service investment, development and management firm ViaWest Group, along with the City of Phoenix and leading local general contractor Stevens-Leinweber Construction (SLC), has broken ground on Airport 48 Industrial, a 146,526-square-foot, Class A industrial…
The Tempe City Council voted unanimously to authorize South Pier at Tempe Town Lake, a $1.8 billion mixed-use development project on Tempe Town Lake with South Pier Tempe Holdings. South…
Northmarq Phoenix’s Investment Sales team of Trevor Koskovich, Bill Hahn, Jesse Hudson, and Ryan Boyle represented Tide Equities, LLC in the $255 million ($251,976 per unit) purchase of Del Mar…
Kovach Enclosure Systems, LLC of Chandler, AZ, recently completed the new exterior “skin” for the Phoenix Suns’ Footprint Center in downtown Phoenix that is designed to make the wall panels look like…
The intersection of Roosevelt and 24th Street is looking quite different recently as Valleywise Health continues progress on the construction of its brand new, state-of-the-art medical center expected to open…
Holualoa Companies will develop an innovative new workforce housing project in downtown Tempe. Earlier this month, the Tempe City Council unanimously approved a zoning change on a two-acre parcel at the…
A record 146 U.S. cities became new “million-dollar cities” — cities in which the typical home value is at least $1 million — in 2021, Zillow data shows. There are…
Phoenix-based GO Industrial has purchased land parcels on each side of metro Phoenix for the development of more than 1.28 million square feet in two fully speculative, Class A industrial…
Monthly mortgage payments on the typical U.S. home rose 31% in the last year – the largest one-year climb in at least 22 years, as record-fast home value appreciation and…
While the Phoenix office market softened a bit going into Q4 2021, there are still reasons to be hopeful, according to a report from Transwestern Real Estate Services. The office…
