| US Economy Steady, Arizona Stronger Headed into 2020, Experts Say Despite uncertainty about national economic policy and the ongoing trade war with China, the U.S. economy likely will remain stable into 2020 and Arizona’s economy will do even better, according to experts at Arizona State University’s annual economic forecast luncheon. While national growth projections are not nearly as optimistic as growth…» |
| DoorDash Signs Lease at Lincoln Property Company’s Grand 2 in Tempe, Arizona On-demand food delivery service DoorDash has leased a nine-story building at Lincoln Property Co.’s Grand at Papago Park office development in Tempe, Arizona, where the San Francisco-based company will consolidate its growing Phoenix operations. DoorDash will move into Grand 2 this spring, filling the large office at 1033 W. Roosevelt Way built…» |
| Buyers Will Be Out in Force Next Year Multifamily buyers will be out in force in 2020, according to a recent survey from Capital One. It found that 74% of multifamily professionals expect they will primarily be buyers rather than sellers while just 19% saw themselves primarily being sellers in the year ahead. Respondents also indicated that rent control and continued legislative pushes…» |
| Townline Ventures Buys Midtown Phoenix High-rise Townline Ventures has acquired its first Phoenix office asset with the purchase of the 20-story midtown office tower located at 2600 N. Central Ave. In addition to their current land holdings in Arizona, the Vancouver-based company purchased 2600 Tower as part of its continuing efforts to acquire income-producing assets in the Phoenix…» |
| U.S. Net-Lease Investment on Pace for a Record Year in 2019 with Phoenix Among Top Targets U.S. net-lease investment in 2019 is on pace to surpass last year’s record level, with Phoenix among the leading target markets for investors, according to the latest research from CBRE. Phoenix was among the top-5 markets for net-lease investment in Q3 2019 with total volume of $863 million-up 39.2% year-over-year. For the year-ending…» |