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 […]
New Whse/Industrial Coming to Scottsdale
By Adrienne St. Clair and Roland Murphy for Arizona Builder’s Exchange Capital Industrial Holdings, LLC has submitted a proposal to the City of Scottsdale to build a new industrial project on the SEC of 91st Street and Palo Brea Bend. The development, which will be called Overlook 99, will be made up of four buildings, […]
AMEX Expanding in North Phoenix
By Roland Murphy for Arizona Builder’s Exchange American Express is creating a fourth building on its 90-acre Desert Ridge campus at 56th Street and Mayo Boulevard in North Phoenix. According to information provided to AZBEX by Lauren Brogie, manager of public affairs for AMEX, the new four-story, 300KSF-plus building will be located on the north […]
Major Biltmore Office Redevelopment Proposed
By Roland Murphy for Arizona Builder’s Exchange JDM and Best Western, Inc. have submitted a joint proposal to the City of Phoenix to redevelop their properties at the NEC of 24th Street and Arizona Biltmore Circle into a modern mixed-use development in keeping with the area’s ongoing resurgence. The location is slightly more than one […]
New Square Mixed-Use Coming to Chandler
By John S. Wolfe for SanTan Sun News The old dirt square across Arizona Avenue from Chandler City Hall will soon be New Square. Developer Spike Lawrence shared his company’s plans for the gravel parking lot behind Saba’s and Bourbon Jack’s at a recent community meeting. The project, named New Square, will comprise four different […]
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 […]
1 of 3 Proj on Tucson’s 4th Ave Goes Up in Fall
By Gabriela Rico for Arizona Daily Star After more than seven years of discussions with and concessions to area stakeholders, local developers are moving forward with a project that will bring new apartments, office space and retail to Tucson’s Fourth Avenue and University Boulevard. The development, dubbed The Trinity, will sit on two sides of […]
Nearly 400KSF Mixed-Use Proposed in Tucson
By Roland Murphy for Arizona Builder’s Exchange A nearly 60-year-old, 152-unit apartment complex near the gateway to the University of Arizona main campus in Tucson would make way for a residential/hospitality/retail mixed-use development under a proposal currently before the city Zoning Examiner. Property International submitted the request on behalf of property owners Shenkarow Realty Advisors […]
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 […]