Month: January 2021

CBRE has released its reports on the Industrial and Office markets’ Phoenix-area activity in the Fourth Quarter.  Industrial saw a decrease in quarter-over-quarter vacancies from 6.1 percent…

Awards & Accolades  1. AZ Business Magazine published the 10 Young Business Leaders to Watch in 2021. The CRE leaders on this…

Sales Transactions  1. MG Properties purchased Andante Apartments, a 576-unit, 32-building complex at 15801 S. 48th Street, Phoenix, for $145.25M, from Security Properties. CBRE…

By Tasha Anderson for AZBEX A new 1.074MSF distribution warehouse building is being proposed for the NWC of Lower Buckeye…

By JLL Medical office experts in the Phoenix office of JLL have been selected to market approximately 80KSF of new medical office…

By Associated Builders and Contractors Associated Builders and Contractors has reported its Construction Backlog Indicator rebounded modestly to 7.3 months…

By Colliers International Impact of the COVID-19 pandemic has clearly arrived in Phoenix office market statistics for fourth quarter 2020.…

Groundbreakings 1. PVB Fabrications, Inc. (PVB) broke ground last week to prepare for its headquarters expansion at 11871 N. Breakers…

By Tasha Anderson for AZBEX  The General Services Administration (GSA) recently issued two Sources Sought notices for the San Luis I Land Port of Entry…

Budget, Policy & Stimulus News Who’s First in Line for New PPP Loans? No launch date has been set by…