Daily News: 5-28-26
US Merchants pays $63.8 million for industrial building in Surprise The Phoenix Office of JLL announced today that it has completed the sale of the 453,960-square-foot Building One at West Summit at Surprise, a new two-building industrial project developed by Mohr Capital in Surprise, Arizona – one of Arizona’s fastest growing cities. US Merchants, a […]
Daily News: 5-27-26
RED Development fills 30,000-square-foot office footprint at Biltmore Fashion Park Two new tenants are moving into the Biltmore Fashion Park, allowing RED Development to announce its office space there is now fully occupied. VanTrust, a real estate development company, and interior architecture firm Phoenix Design One have signed leases at the 30,000-square-foot office footprint within […]
Daily News: 5-26-26
Officials tee up major industrial site to attract the ‘next big thing’ to Arizona More than 2,000 acres of farmland in Buckeye, Arizona, could be transformed into the region’s next employment hub and create what local officials estimate could be more than $1 billion in economic benefits, a proposal that provides a glimpse into the […]
Daily News: 5-22-26
Amazon pharmacy warehouse in Phoenix sells for $44.15 million; plus more Valley industrial deals A nearly 175,000 square-foot warehouse currently leased to Amazon’s pharmacy arm sold on May 12 for $44.15 million, according to real estate database Vizzda. Canadian investment firm Belkorp acquired the facility from Oxford Property Group, which bought it in September 2021 […]
Daily News: 5-21-26
Initial plans unveiled for Arte Moreno’s restaurant-heavy retail center in Gilbert A new shopping center has been proposed in Gilbert near the busy intersection of Williams Field Road and the Loop 202 freeway. Going by the name SanTan Crossings, the project would include multiple restaurants, a bank and retailers. One portion of the 20-acre site […]
Daily News: 5-20-26
Strong leasing and inventory reductions fuel Phoenix office market health The Greater Phoenix office market continues its post-pandemic recovery with strong leasing and a decline in total inventory as obsolete buildings are re-purposed. A recent report from Colliers documenting the first quarter 2026 shows positive net absorption for a second consecutive quarter. The Phoenix market […]