The national average for cost of rent rose $3 in July from the prior month to $1,469 according to Yardi Matrix. That’s a gain of 3.4% from a year earlier, the…
Clear Commercial Advisors will be handling the office and retail leasing for the historic Ellis Building, located at 135 N. 2nd Ave. in downtown Phoenix, which is being developed by…
Utah-based technology company Homie is expanding its team and operations in Arizona, giving more buyers and sellers an efficient, affordable alternative to the traditional real estate model. The company launched…
Sundt Construction, Inc. (www.sundt.com) ranks No. 52 on the National Center for Employee Ownership’s Top 100 largest majority-employee-owned companies list. In 1972, Sundt established an Employee Stock Ownership Plan (ESOP),…
CBRE has arranged the $13.15 million sale of 550 W. Southern Ave., a 130,276-square-foot warehouse and manufacturing building in Tempe, Arizona. Cooper Fratt, John Grady, John Werstler and Jackie Orcutt…
Demand for last-mile facilities has garnered the Phoenix office of JLL a $16.20 million sale price ($127 price-per-square-foot) for a Tempe, Arizona infill industrial building that is fully leased by the world’s…
CBRE has brokered the sale of the 54,065-square-foot, grocery-anchored Ahwatukee Mercado shopping center in Phoenix’s Ahwatukee Foothills Village district. Los Angeles-based Westwood Financial, LLC acquired the property from TPP 202…
Since 2014, the U.S. real estate industry has been growing at a rate of 4.8 percent annually. In 2019, it is forecast to generate $165 billion. Clearly, the industry is…
Media, Pennsylvania-based Title Alliance, Ltd. (Title Alliance), a RESPA-compliant ESOP leader in joint ventured title insurance agencies, announced it has chosen Phoenix for its regional headquarters as the company continues…
The construction industry added 14,000 net new jobs in August, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On…
High Street Residential, the residential subsidiary of Trammell Crow Company, and its joint venture partner, a fund sponsored by CBRE Global Investors, have commenced construction on the first phase of…
Scottsdale-based UEB Builders, a general contractor specializing in commercial and residential projects, and Fortune-Johnson (F-J) General Contractors, a construction company specializing primarily in multifamily residential projects, have been acquired by Katerra, a technology company redefining the construction industry. UEB and F-J will leverage Katerra’s…
