LMS: Office & Industrial Opportunity & Demand
By Tasha Anderson for Arizona Builder’s Exchange Metro Phoenix is seeing an influx of office and industrial space, and tenant demand for ready and available space is allowing for more opportunity in the market. According to a recent study released by CBRE Group, Inc. and referenced by Phoenix Business Journal, Chandler and Tempe alone “compose […]
Piper Plastics Proposes Mesa HQ
By Jane Stewart for Arizona Builder’s Exchange Representatives from Piper Plastics, Inc. made a presentation to the City of Mesa’s Design Review Board at its May 8 meeting regarding a proposed headquarters for the plastics manufacturing company. The subject site is a vacant parcel of approximately five acres at 4818 East Indigo Street within the […]
Phx: Leading Emerging Industrial Mkt
By Roland Murphy for Arizona Builder’s Exchange A recently released report form Colliers International – “Top 10 Emerging U.S. Industrial Markets to Watch in 2018” – named the Phoenix area as a national leader. “The momentum that built in the Greater Phoenix industrial market the past few years is forecast to carry over into 2018, […]
3 Major CRE Sectors Show Continued Strength
By Roland Murphy for Arizona Builder’s Exchange Cushman & Wakefield last week issued their Q4 2017 Metro Phoenix MarketBeat reports for Industrial, Office and Retail, noting high degrees of activity across all three sectors. Industrial Industrial posted an overall vacancy rate of 7.9 percent for the quarter. Twelve of the 17 submarkets showed positive absorption […]
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 […]
329KSF Tolleson Logistics Center Planned
Source: Trammell Crow Company Trammell Crow Company and an institutional investor have partnered to acquire a 22.2-acre site at the SWC of 99th Avenue and Van Buren Street for the development of the Tolleson Logistics Center, a new 329KSF Class A industrial building. Construction on the new facility is scheduled to begin sometime this quarter. […]
AZBEX Initial Forecast Event Surprises
By Peter Madrid and AZBEX Staff for Arizona Builder’s Exchange While it was nearly a given multifamily would be king of the hill in the 2017 commercial construction landscape, many other trends the Arizona Builder’s Exchange staff uncovered in preparation for its inaugural 2018 Construction Forecast event last Friday caught both them and several industry […]
Chewy.com to Build 800KSF Dist. Center
By Roland Murphy for Arizona Builder’s Exchange PetSmart subsidiary Chewy.com will build an 800KSF distribution center in Goodyear, according to a recent report in Business Real Estate Weekly of Arizona. Other sites in the Valley, as well as in Las Vegas, were considered before the company settled on a nearly 49-acre parcel in the Airport […]
Land Sales Accelerated in 1st Half
By Roland Murphy for Arizona Builder’s Exchange While pricing trends have been mixed, Phoenix area land sales in the first half of 2017 have accelerated, according to a Colliers International in Greater Phoenix report. Land parcel sales rose 11 percent from the second half of 2016, and transactions jumped 50 percent from the first half […]
Opus Building 148KSF Spec Industrial in Mesa
By Roland Murphy for Arizona Builder’s Exchange In conjunction with a ceremonial groundbreaking this week, The Opus Group announced plans for a 148KSF speculative industrial project in the Longbow Business Park and Golf Club in Mesa. Construction for Longbow Gateway One should start this month, with completion expected for the end of January. Located near […]