Office Visits Retreat From 2025 High Despite Modestly Stricter RTO Policies
Office attendance has yet to build on last year’s gains, despite a gradual tightening of return-to-office policies among many of the nation’s largest employers. A new report from Savills found that office visits stood at 67% of January 2020 levels in March 2026, down from a recovery high of 75% reached in 2025. At the same time, workplace policies among the top 200 Fortune 500 companies continued to shift incrementally toward greater in-office expectations, suggesting that stricter…»
5 biggest commercial real estate deals from May
1. University of Phoenix – Riverpoint Center: Sale price: $103,000,000, Address: 4025, 4035, 4045, 4050 and 4055 S. Riverpoint Pkwy., Phoenix, Property description: 628,192 square feet of office tower — one 10-story and two 6-story towers, Buyer: LXP Industrial Trust, Seller: Epic UK Ltd/, Broker: Newmark. 2. Longbow Luxury Apartments: Sale price: $95,250,000, Address: 2950 N. Recker Rd., Mesa, Property description: 339-unit apartment complex, Buyer: Millburn and…»
Canadian investment firm acquires fully leased distribution building in Phoenix
Canadian investment firm Belkorp has acquired a distribution building in Phoenix from Oxford Properties Group for $44.15 million, or approximately $253 per square foot. The two-story, 174,801-square-foot building at 3809 E. Watkins St. was constructed in 1996. The property is fully leased to PillPack, which has occupied the entire building since November 2018. The lease runs through August 2030. PillPack is a part of Amazon’s pharmacy service and packages customer…»
The fashionable real estate company RAY is taking a chance on Downtown Phoenix early in its revival
Downtown Phoenix is a brief vertical moment within the city’s low-slung sprawl, which unfurls across more than 500 square miles toward the city’s valley edge. From my airplane window, it appeared as a patch of overlooked stubble on a recently shaved cheek. The man at the airport information desk unhurriedly explained how to arrive there by taxi, but made sure to warn against the light rail system, which, he explained, was the slower alternative. This may seem an ill-advised place for…»
Machine Investment Group acquires massive The Hub @ 202
Machine Investment Group (MIG), a real estate investment platform focused on opportunistic, distressed and special situations across the United States, in a joint venture partnership with Miramar Capital and Axonic Capital, announced the acquisition of The Hub @ 202, a 1,271,390-square-foot, 10-building industrial park located in the Southeast Valley. The industrial campus consists of 10 separate buildings ranging in size from approximately 65,000 square feet to 270,000…»