Amazon adds another massive distribution center to its Phoenix metro footprint
The global retail giant is leasing a 1,063,188-square-foot building at West 202 Logistics – a sprawling industrial infill industrial project off the I-10 and Loop 202 interchange. Amazon currently leases millions of square feet across about three dozen facilities throughout the Phoenix metro for its warehousing and distribution operations. This new space is just west of downtown Phoenix…»
Transformer manufacturer buys distribution building for new facility near Phoenix
A manufacturer of distribution transformers has acquired a large industrial building in the Phoenix area with plans to open a new facility. Electric Research & Manufacturing Cooperative, also known as ERMCO, purchased the 566,121-square-foot distribution building in Waddell for $90.58 million, or $160 per square foot. Indicap and Invesco were the sellers of the property, which is located…»
Investors are returning to office property
Workers were not the only ones coming back to offices last year. Stable interest rates, improving supply-and-demand fundamentals and broader agreement on pricing underpinned a surge in building sales in the beleaguered sector. Office sales volume for 2025 was more than $56 billion, an increase of $10 billion from 2024, according to CoStar’s preliminary year…»
Regional Banks Return to CRE Lending as Rates Ease
After several years of retreat, regional banks are dipping their toes back into commercial real estate lending—signaling fresh confidence as interest rates ease and underwriting tightens. The change marks a notable reversal from the pullback that followed the Federal Reserve’s rapid rate hikes in 2022, when looser underwriting standards and rising costs made CRE…»
DSV breaks ground on 950,000 SF regional headquarters in Mesa
On Jan. 21, DSV broke ground on its new Arizona regional headquarters in Mesa on Wed., January 21. The $14.5 million investment supports Arizona’s high-growth industrial sectors with a 950,000 square foot facility that will serve as a hub for DSV customers and house all service offerings, including air, sea, and road transport, and contract logistics, including inventory management…»