Commercial Real Estate & Business News – August 18, 2021

Hines, the international real estate firm, has reached an agreement with Array Technologies for a 28,608 square foot lease at its Chandler Viridian office development.Albuquerque-based Array Technologies, which just announced a capital infusion of $500 million from Blackstone, is relocating from its…»

The apartment investment market in Phoenix is surging so strongly, multifamily executive David Fogler said there’s an unexpected reason he can’t single out one deal that symbolizes the high demand. Nearly every multifamily property that hits that market these days is attracting unprecedented interest and a high price, said Fogler,…»

A national recreational vehicle company recently paid more than $16 million for a 170,625-square-foot facility it was leasing and an addtional 5.6 acres of land in Surprise as demand for RVs has continued through the Covid-19 pandemic across the country. Lewisville, Texas-based National Indoor RV Centers, which has five…»

Lincoln Ventures recently grabbed headlines when it bought a .63-acre parcel of land in Downtown Phoenix for $5,380,000 in order to build Moontower PHX, a proposed 24-story, 460,036-square foot apartment building. The first floor will contain office and retail office components, floors two through eight will be a parking…»

Industrious — the highest-rated workplace provider in the industry — today announced its partnership with Holualoa Companies to operate a flexible workplace at Camelback Collective (2810 E Camelback Road). Now open, Industrious Phoenix Biltmore spans nearly 32,000 square feet across the building’s entire second…»