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 […]

Marina Heights Sale Affects Q4 Office Market

By AZBEX Staff for Arizona Builder’s Exchange Phoenix’s office market is in its fourth year of consecutive annual absorption gains, and the area promised to see an added boost in high profile Class A and “Trophy” assets, as evidenced by the recent $928M sale of the 2MSF, five building Marina Heights – State Farm campus […]

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 […]

Investment Report Shows Q2 Improvement

Source: Colliers International in Greater Phoenix Colliers International in Greater Phoenix has released its Investment Report for Q2, and things are generally looking up. Investment Overview After a slow start to 2017, many of the trends that emerged during the first quarter reversed course during the second quarter. More properties sold, prices trended higher and […]

Costs Up, Vacancies Incorrect, Market Strong

By Roland Murphy for Arizona Builder’s Exchange Around 120 people packed a ballroom at the Phoenix Country Club this week to catch up on commercial real estate trends at the Arizona Association for Economic Development’s August luncheon. Featured speaker Mark Singerman, VP and Regional Director for Rockefeller Group, took the lectern to share his insights […]

Phoenix Q2 Office Sales Volume Doubles Y-o-Y

By Ioana Neamt for COMMERCIALCafé The Phoenix office market was an attractive scene for investors during the second quarter of 2017, with 20 notable deals closed for a total of $513M. The average price/SF for office buildings trading on the market is holding steady, roughly on par with the average of the past five years, according to […]