Experts Tout a Hot Arizona Market at Forecast Event
By Peter Madrid for Institute of Real Estate Management Greater Phoenix Chapter The theme of the 13th Annual IREM-CCIM Economic Forecast was “The Real Scoop.” Judging by the comments of economists and industry panelists, the message that resonated was “Phoenix and Arizona are on fire.” “Last year we talked about being late in the game […]
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 […]
PHX Industrial Develop. Has Found a Perfect Balance
By Kelsi Maree Borland for GlobeSt.com The Phoenix industrial market has found its perfect balance. The market has one of the most active new construction pipelines in the nation for industrial product, but the development isn’t in danger of surpassing demand. “The most remarkable factor of the Phoenix Industrial Market has been consistency,” Cooper Fratt, […]
ViaWest Group Acquires 25.91 AC of Industrial Land
ViaWest Group announced it has closed on the acquisition of a 25.91- acre parcel located at the SWC of Elwood St. and Sarival Ave. in Goodyear, for $4.55M. The acquisition is a joint venture with a Philadelphia-based investment company. The land is zoned for industrial use and will be developed into three industrial buildings totaling […]
Light Industrial Outshines Mega-warehouses
Source: CBRE Even as the growth of e-commerce has lifted the entire industrial & logistics real estate sector, a sweet spot has emerged: warehouses smaller than 120KSF, according to a new report from CBRE. CBRE analyzed U.S. industrial buildings by size and found that “light industrial” properties outperformed the other property types over the past […]
Ferguson Plans New Warehouse in Chandler
By Tasha Anderson for AZBEX Ferguson Enterprises, a national plumbing, HVAC and building supplier, is planning a new warehouse and storage facility on 48.3 acres west of the SWC of Queen Creek and McQueen Roads in Chandler. The City of Chandler approved a request to rezone the undeveloped site from Agricultural (AG-1) District to Planned […]
Phx Industrial Pipeline Reaches 10-year High
Source: JLL According to the Q3 Industrial Insight report from the Phoenix office of JLL, metro Phoenix now has more than 10MSF of industrial space under construction – the highest level of year-to-date construction activity since 2007. Despite still-rising construction costs, the JLL report cites in-migration and a growing pool of skilled labor as key […]
Land Bought for Major Loop 303 Industrial Project
Source: Lincoln Property Company Lincoln Property Company has closed on 71.5 acres in Glendale for $11.7M, initiating development of Park303. The new $115M speculative Class A industrial project will have the flexibility to include two buildings totaling 705.5KSF and 488.9KSF, or combine into one single building totaling almost 1.26MSF. Park303 is located between Bethany Home […]
$53M Class-A Industrial Project Coming to W. Phx
Source: Marwest Enterprises Marwest Enterprises is pleased to announce the successful joint venture for its new development known as Logic Park 91. The project consists of three buildings totaling 720KSF on 44 acres. The new $53M, Class-A industrial project will be located at the intersection of 91st Avenue and Buckeye Road in Phoenix. The project […]
Eisenberg Company to Deliver New Industrial Projects
Source: Cushman & Wakefield Eisenberg Company, a Phoenix-based development company, announced two new industrial projects delivering in the fourth quarter of 2019. The projects, Avondale 107th and Washington 83, are slated to start construction this quarter and will total a combined 533.5KSF. “We are excited to bring two first class projects online to meet the […]