Bright Land Holding LCC purchased the Central Avenue and Indian School Road development site, located at 4040, 4050 and 4060 N. Central Ave. in Phoenix, for $6.1 million from 4040 N. Central LLC,…
Foreign investors are taking measured risks in secondary and tertiary markets in order to secure yield premiums on their investments that are unavailable in more traditional gateway markets. Historically, foreign investments…
Absorption of retail real estate in Greater Phoenix slowed during the second quarter, but investors were busy purchasing retail properties. The mid-year retail research report released by Colliers International in Greater…
For the first half of 2017, the retail market in Phoenix has recorded continued improvement in both vacancy and leasing activity (absorption). The current overall vacancy rate is 9.3 percent,…
It’s one of Old Town Scottsdale’s most iconic addresses, and LGE Design Build helped give it a nearly $2 million face-lift . Galleria Scottsdale, a massive, 537,000 square-foot commercial property…
National construction employment added 16,000 net new construction jobs on a seasonally adjusted basis in June, according to an analysis of data from the U.S. Bureau of Labor Statistics by Associated…
JLL Capital Markets today announced the firm completed the sale of the I-10 Distribution Portfolio in Phoenix on behalf of DCT Industrial. Colony Northstar purchased the portfolio, which consists of…
The Local, a new, mixed-use development located at the intersection of University Drive and Ash Avenue in downtown Tempe, has officially broken ground. Developed by Denver-based Forum Real Estate Group,…
Cawley Architects of Phoenix recently completed a 9,130-square-foot surgery center for Spectra Eye Institute at the newly redeveloped 36,959-square-foot headquarters of Retinal Consultants of Arizona along I-17. Spectra Eye Institute…
UMB Bank, a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), announces it has hired Steve Fenton as senior vice president, commercial real estate in Arizona. In his role, he is…
The polarization of politics and global uncertainty are expected to be among the Top 10 Issues Affecting Real Estate and have a significant impact on commercial real estate in Arizona…
A 194-unit Tempe apartment complex near Broadway and Rural roads was recently sold for $41.81 million to Toronto-based Brass Enterprises. Trinsic Residential Company and CNL Growth Properties, which were both represented…
