2020 CRE Outlook: How Phoenix Shapes Up

By Steve Burks for AZ Big Media Consistency may be boring, but when it comes to the commercial real estate outlook and the Greater Phoenix commercial real estate industry, no change is good for business. The United States is in what most economic experts feel are the latter stages of a growth cycle that is […]

2019 Medical Job Increase Fuels Market

Source: Colliers International in Arizona The Greater Phoenix medical office space market performed well during third quarter, rebounding from a challenging performance during second quarter. Medical job growth hit 3.7 percent during the first three quarters of 2019, outpacing the 2.7 percent overall employment increase. Net absorption of medical office space reached nearly 100KSF during […]

George Oliver Announces $53M Redev. Project

Source: George Oliver Phoenix-based developer George Oliver has completed a $38.8M, two-building acquisition and will invest almost $14M in additional capital to bring a new creative office portfolio to the heart of downtown Chandler. Rebranded to The Alexander and The Johnathan, the buildings will be named after Chandler namesake Alexander Johnathan (A.J.) Chandler. “There is […]

PHX Retail Ended 2016 on an Up Note

By Roland Murphy for Arizona Builder’s Exchange The retail real estate in Greater Phoenix ended 2016 on an up note, with net absorption of approximately 545KSF in Q4, according to Colliers International’s Research and Forecast Report. For the year, net absorption was more than 1.5MSF. The quarter also saw asking rents move slightly lower, but […]