Commercial Real Estate

  • Sales Transactions 1. Oxford Properties Group announced it has agreed to acquire a 14.5MSF infill and light industrial portfolio from KKR for approximately $2.2B. The portfolio consists of 149 distribution buildings located across 12 major industrial U.S. markets, including metro Phoenix. The transaction is anticipated ...
  • Sales Transactions 1. JLL Capital Markets has closed the $165.25M sale and secured $102M in acquisition financing for La Encantada, a 246KSF shopping center in Tucson. JLL represented the seller, Macerich Company. A group of local investors purchased the property. JLL arranged the fixed-rate, full-term, ...
  • Sales Transactions 1. LPC Desert West announced the 1.25MSF Park 303 Phase I in Glendale has sold for $186M to BentallGreenOak, making it the largest single-building industrial transaction in state history. The speculative project completed construction approximately a month ago and has been fully leased ...

Trends

Trends

Materials Shortages Frustrating Contractors

Recent data from the U.S. Chamber of Commerce Commercial Construction Index marked records. Unfortunately, they were records pointing in the wrong direction. Ninety-three percent of responding general contractors reported facing at least one material shortage