Commercial Real Estate & Business News August 7, 2019

This Phoenix Suburb Is Punching Above Its Weight and Leading Investment Volume in the Market The Chandler N/Gilbert submarket sparked renewed investor interest in the first half of the year, making it the top submarket in Phoenix for industrial sales volume, despite being only the fifth-largest in inventory. Investors are looking to Chandler N/Gilbert due to its historically low vacancies, consistent rent growth and demand fueled by…»
Phase I of The Block at Pima Center Complete With 100% Occupancy
MainSpring Capital Group & Palmer Development of Scottsdale have completed construction of Phase I of The Block at Pima Center located on the NWC of Via De Ventura and the 101. The first phase is 100% pre-leased and includes 14,000 sf of shop space and three free-standing pads in various stages of development by…»
Goodyear Continues Partnership With Nike Despite Arizona Governor’s Twitter Comments
The city of Goodyear has attracted warehouse and distribution centers as part of a steady growth pattern. But 2019 has also seen dramatic expansions into data centers for the biggest names in tech like Microsoft. The most intense headlines were generated last month when Goodyear City Council agreed to bring a…»
Is Phoenix Spec Office Construction Overheating?
The office construction pipeline in Phoenix is robust with more than 2.5 million square feet currently under construction. While Phoenix has a history of overbuilding-as it did in the last recession-the office construction pipeline in Phoenix is in check. In fact, a recent report from Colliers International shows that the pipeline shrunk from…»
What Does the Fed’s Interest Rate Cut Mean for the CRE Industry?
The Fed’s interest rate cut is unlikely to boost commercial real estate values, according to industry sources. The Federal Reserve cut its key interest rate by a quarter percentage point on Wednesday to insure the U.S. economy against downside risks from weak global growth and trade policy uncertainty. This is the first rate cut of…»