Commercial Real Estate & Business News – March 9, 2020
4.5M SF Park303 Breaks Ground in GlendaleNAIOP Arizona Owner/Developer of the Year Lincoln Property Company (LPC) joined with local dignitaries and guests today to break ground on the first building at Park303, a major industrial master-planned development that at build-out will accommodate up to 4.5 million…» Valley Economic Development Directors, Brokers Talk Future of Tech […]
Commercial Real Estate & Business News – March 6, 2020
Amenity-Rich Lobbies are Becoming a Differentiator for Apartment AssetsThe first floors of many new apartment buildings have become bustling spaces boasting the best amenities. More akin to hotel lobbies, these spaces are rapidly becoming a selling point from developers hoping to lure tenants in competitive markets…» Office Developers Ramp Up Construction in Phoenix’s Premier SubmarketThe […]
Commercial Real Estate & Business News – March 5, 2020
Block 23 Plans These Spring and Summer OpeningsRED Development announced today that Block 23 in Downtown Phoenix will have four tenants occupying space at the high-rise, mixed-use destination by this summer, in addition to welcoming the first residents at The Ryan, a 332-residence apartment community…» New Luxury Apartments Coming to Camelback and CentralIt’s been about […]
Commercial Real Estate & Business News – March 4, 2020
Red Bull Plans 700K SF Expansion in GlendaleOn the heels of a 2019 announcement that longtime partners Ball Corporation, Raüch Fruit Juices and Red Bull chose the city of Glendale to build a U.S. manufacturing facility, Red Bull is now expanding those operations. The expansion will consist…» Retail Investors Bear Down On Asset TypesThe retail […]
Commercial Real Estate & Business News – March 3, 2020
Phoenix Office Market Surges in 2019 as Major Leases, Sales Lead the WayThe Phoenix office market finished 2019 on a high note, with a decrease in the region’s overall vacancy rate and increases in net absorption, construction and rents, according to research from Colliers International.In 2019, 3.4 million square feet of new…» New Phase of […]
COMMERCIAL REAL ESTATE & BUSINESS NEWS – March 2, 2020
Caesars Republic Hotel Breaks Ground in ScottsdaleThe City of Scottsdale’s newest luxury hotel broke ground Wednesday at the corner of Highland Avenue and Goldwater outside of Fashion Square mall. Caesars Republic Scottsdale, opening fall 2021, will be the first non-gaming branded Caesars hotel…» Cap Rates Tighten for Phoenix Multifamily, Industrial, Retail and Hotel AssetsStrong demand […]