| Speed Bumps Ahead for Industrial Assets Don’t Diminish Investor Appetite Slowing economic growth, trade wars and a pipeline that is delivering new supply to the market may force investors to adjust return expectations for industrial properties, but it doesn’t appear to be putting much of a dent in buyer demand. Industrial has edged out multifamily as the favored asset class and there continues to be…» |
| Design for SkySong 6 Unveiled as it Enters Pre-Leasing Office leasing momentum remains strong at SkySong – so much so that the project’s sixth building has now been designed and launched for pre-leasing. SkySong 6 will be the next building to be constructed at SkySong. Project architects, Butler Design, Group have created cutting-edge design concepts and renderings for the new building, which will…» |
| Coworking Operator Buys Historic Downtown Phoenix Building Chicago-based Novel Coworking LLC is opening its second coworking and flexible office space in the Valley after buying the historic Heard building in downtown Phoenix. Novel paid $11.4 million June 14 for the 100-year-old building at 112 N. Central Ave., according to Maricopa County records. The eight-story, 77,000-square-foot building is…» |
| Minimum Earners in Arizona Must Work 71 Hours to Afford a Two-Bedroom Apartment Arizonans making the state minimum wage must work two full-time jobs, effectively, to afford a market-value two-bedroom apartment, according to a national report released Tuesday. The National Low Income Housing Coalition’s (NLIHC) on Thursday released its annual study on the gap between rental housing costs and income for…» |
| ORION Investment Real Estate Represented the Owner/User of Historic Office Located near the Central Avenue Corridor, one half mile south of Thomas Road and 7th Street, this 5,500 square foot freestanding building sold for $735,000, or $134 per square foot. The property benefits from good exposure along 7th Street, with over 41,000 vehicles passing…» |