Goettl Purchases Commercial Land for New HQ
Source: Colliers International Goettl Air Conditioning & Plumbing has purchased approximately six acres of land at 8701 E. McDowell Road for approximately $5M. The company plans to build a new corporate facility on the site that will serve as its corporate headquarters and also house the firm’s new “Goettl University.” The property will be the […]
Investors Move Past the Traditional in PHX, North America
By Roland Murphy for Arizona Builder’s Exchange Autumn is rolling across North America, and capital is continuing to roll into commercial real estate locally, regionally and globally. However, investors are looking outside their traditional comfort and target zones due to limited supply in many areas and compressing cap rates. In its “Fall 2018 North America […]
Baseball Stadium Could Boost CRE Investment
By Richard Sarkis for Reonomy Despite a recent resurgence in form – their 93-69 record was good enough for fifth-best in the Majors last year – the Arizona Diamondbacks have struggled to fill seats at Chase Field. During the D-back’s 81 home games in the 2017 season, average attendance stood at a meager 26,350, just 54.2 […]
Experts Weigh in on State of Development
By Roland Murphy for Arizona Builder’s Exchange Four commercial real estate and development leaders gave their predictions for what lies ahead in 2018 at Valley Partnership’s Friday Morning Breakfast program, Jan. 26. Following a brief address by Republican U.S. Senate candidate, and current congressional representative, Martha McSally, moderator Mark Detmer, managing director of JLL, introduced […]
Quotes Altered in CoStar/Xceligent Fight
By Roland Murphy for Arizona Builder’s Exchange Last week I compiled information from some half-dozen different articles and outlets about the ongoing copyright and anti-competition lawsuits between CoStar Group and Xceligent. It was an interesting story regarding two of the biggest players in the U.S. commercial real estate sphere. (AZBEX, Oct. 27) The quick summary: […]
Ariz.’s 1st Crowdfunded RE Company Launches
By Roland Murphy for Arizona Builder’s Exchange Sometimes you come across a story that’s really something groundbreaking, interesting and that has the potential to be a game changer in important areas you cover. Most long-time reporters will tell you there are two great sources of frustration in doing their job. The first is trying to […]
What is the Hottest Intersection?
By Roland Murphy for Arizona Builder’s Exchange When navigating in an urban environment, intersections are your best points of reference. The same is true when navigating economic development and real estate trends. On Sept. 13, nearly 300 attendees packed a ballroom at the Omni Resort & Spa at Montelucia to celebrate the 10th anniversary of […]
Commercial Real Estate News 07-11-17
General News 1. Institutional Property Advisors announced that Steve Gebing and Cliff David, senior managing directors, closed five multifamily property transactions totaling $217M and 1,699 units between May 30 and June 15 in the Phoenix metropolitan statistical area. Sales Transactions 2. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office closed on Camelback Commons, a 322K […]