Data center developments has taken off around the country. Recent data from JLL shows construction increasing from 611.8MW at the end of 2020 to a First Half 2021 volume of 680.8MW. The record pipeline was …
CBRE’s recent Q2 2021 Phoenix Retail Report shows retail vacancy dropped to 7.7 percent. Pre-leased construction projects fueled the drop from 8.0 percent in Q1. For reference, the three-year average vacancy is 8.1 percent. The current pipeline shows 278.5KSF under construction, largely led by neighborhood and …
By Kidder Mathews and AZBEX Staff Kidder Mathews, in its recent Phoenix Office CRE Market Update for Q2 2021, reported the Phoenix office market continues to see record office sublease availability. Rental rates also reached a record high …
By Tasha Anderson for AZBEX A new assisted living facility is being proposed for a vacant, undeveloped 5.1-acre site at the NWC of 10th Street and Baseline Road in Phoenix, near the Western Canal. Owner, …
By CBRE A recent survey of commercial real estate investors ranked Phoenix as a Top-10 target among America’s metros. The Sun Belt market jumped five spots to #4 in CBRE’s 2021 Americas Investor Intentions Survey. …
A May 26th auction date has been set for 373 acres along Chandler Boulevard in Ahwatukee. Minimum bid for the land, located between 19th and 27th avenues, is set at $105M. Given the shortage of …
By CommercialSearch/Yardi Matrix Over the past decade, the price-per-unit for multifamily properties surged 156 percent, reaching nearly $160K. This increase surpassed both median home sale prices and rental rates. The latest CommercialSearch study compared and ranked the most active U.S. metros …
By Kroger Co. and The Arizona Commerce Authority The Kroger Co. and Ocado have announced Phoenix as the latest location for a Customer Fulfillment Center. The location confirms a previous announcement stating Kroger and Ocado would construct a CFC in the Southwest Region. Kroger has partnered …
By Colliers International Impact of the COVID-19 pandemic has clearly arrived in Phoenix office market statistics for fourth quarter 2020. The city had its first quarter of negative net absorption in more than eight years. …
By Tasha Anderson for AZBEX Another luxury multifamily development is being proposed for the Kierland area in Phoenix. In November, The Related Group submitted plans to the City of Phoenix in order to redevelop two underutilized single-story office …
While Apartment List’s National Rent Index is down 1.4 percent over the last year, rents in Tucson have increased 4.7 percent since the start of the COVID-19 crisis. Since March, Tucson’s month-over-month rents are up 0.6 percent, and year-over-year increases total 5.9 percent. …
By Tasha Anderson for AZBEX Developer, Dominium Management recently submitted plans to the City of Phoenix for two separate multifamily residential communities, one of which will be an age restricted community, to be generally located at the …
By Tasha Anderson for AZBEX A new 10-story building is being proposed as an expansion to the four-building Optima Kierland Center multifamily development currently under construction in Phoenix. While the original development’s location is 7120, 7140, 7160 and 7180 E. …
By Tasha Anderson for AZBEX Withey Morris, PLC, on behalf of owner, Howard A. Keyes with Keyes Automotive, recently submitted plans to the City of phoenix for the development of a new automotive dealership to be located just …
By Ellie Borst for Cronkite News Phoenix dipped slightly in a national ranking of solar power capacity, even as the total amount of power generated and the power per person increased from last year, according to a national report. …
By Farah Eltohamy for Cronkite News Buckeye got bumped from the top spot for population growth rate in 2019, but its 56.6 percent population increase since 2010 was still enough to make it the second-fastest growing city …
By Tasha Anderson for AZBEX Real estate developer, The Empire Group of Companies submitted plans to the City of Phoenix for a new single-family for rent development to be located at the NWC of Camelback Road and Ball …
By Tasha Anderson for AZBEX Multifamily housing developer, Wood Partners recently submitted plans to the City of Phoenix Planning Department for a new five-story luxury multifamily development to be built just east of the NEC of 16th …
By Jen Fifield for The Arizona Republic Up until this month, many Arizona cities were riding high on good times. Populations were growing, jobs were booming, and cash was flowing in. Cities were preparing to put …
By Tasha Anderson for AZBEX MK Company Inc., recently submitted plans to the City of Phoenix for a new multifamily development, known as Metro Lofts, at the NEC of Dunlap and 29th Avenues. The site is located …
By Tasha Anderson for AZBEX Owner and applicant, Avenue North LLC recently submitted plans to the City of Phoenix for a new multifamily development to be located east of the NEC of 16th Street and …
By Tasha Anderson for AZBEX Dallas, Texas-based real estate development firm, Atticus Real Estate Services recently submitted plans to the City of Phoenix for a new multifamily mixed-use development to be located at the SWC …
By Kelsi Maree Borland for GlobeSt.com The Phoenix industrial market has found its perfect balance. The market has one of the most active new construction pipelines in the nation for industrial product, but the development …
By Roland Murphy for ABI Multifamily As a reporter and an analyst, you are always on the lookout for things like riots, fires and mudslides because they’re riveting to report and write about. As someone …
By Tasha Anderson for AZBEX A new multifamily residential development is being proposed for the SWC of 19th Avenue and Alameda Road in North Phoenix. The Related Group, the owner of the unnamed 461KSF apartment …
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