Phoenix medical office market strengthened last year
After losing ground in 2024, the Phoenix medical office market regained its footing last year as demand rebounded, vacancy compressed and investing strengthened. Supported by steady demographic tailwinds and continued expansion in healthcare employment, the sector is entering 2026 on more stable ground, even as rent growth remains subdued. Demand formation improved markedly over the past year. The market recorded approximately…»
Private Credit’s Pullback Could Reignite CRE Investment Cycle
After a long run as the market’s darling, private credit is losing its shine—and that decline could actually prove to be a surprising boost for commercial real estate. As investors retreat from a once red-hot asset class now facing mounting risks, capital may begin flowing back into real estate, where relative values are starting to look more appealing. Private credit’s troubles have been building for months. The bankruptcies of major auto-parts maker…»
Peoria moves to sell first parcel in Innovation Core as developer plans industrial project
The city of Peoria is starting to sell off land to developers within a massive, planned employment district near TSMC’s north Phoenix campus. Opus Development Company LLC is the first developer working through a sale and development agreement for property within Peoria’s Innovation Core, and City Council will decide whether to approve it during a March 24 meeting. Under the deal, Opus would…»
Foundation 8 plans $120M redevelopment of shuttered Sheraton Crescent
Foundation 8 LLC has acquired the former Sheraton Crescent Hotel, a well-known landmark in North Phoenix originally developed in 1986 by the late Arizona developer Charles Keating. The property, long recognized for its grand ballrooms, resort amenities, and full-service hospitality experience, will undergo a transformative adaptive reuse redevelopment. The Sheraton Crescent, a 342-room full-service hotel, has long been a destination for weddings, graduations…»
Prologis Pays $104M for Phoenix-Area Warehouse
Prologis has acquired Cotton 303 Logistics Center, a 915,160-square-foot warehouse in Glendale, Ariz., in a deal arranged by Cushman & Wakefield and Colliers. The Pizzuti Cos. sold the asset for $104 million, according to Yardi Matrix. Heitman Capital also held a stake in the divested asset, as reported by the Phoenix Business Journal. The big-box facility came online in 2022, marking the first project the two companies collaborated on across the market. Cubework, a co-warehousing…»