PHOENIX-Only four submarkets post positive net absorption, with the balance being in such bad shape that industrial vacancy spiked 1 1/2 points in the third quarter. It's ugly, says a Grubb & Ellis broker after seeing the firm's latest market analysis.
PHOENIX-The first positive sign this year for the Phoenix office market is just a sweet reprieve, says Cushman & Wakefield's senior director in Arizona. The honeymoon of a 117,000-sf net absorption ends in Q4 when an extra 2.5 million sf comes to market.
PHOENIX-The first positive sign this year for the Phoenix office market is just a sweet reprieve, says Cushman & Wakefield's senior director in Arizona. The honeymoon of a 117,000-sf net absorption ends in Q4 when an extra 2.5 million sf comes to market.
PHOENIX-Hard Rock Cafe has closed a deal for its second Phoenix-area eatery. The popular venue is eyeing a spring 2002 opening for the 512,000-sf first phase of Collier Center in the city's CBD.
MESA, AZ-A 35,600-sf medical and general office building in Mesa brings more than $126 per sf for its Phoenix-based seller. The fully leased Fiesta Square abuts the East Valley's oldest and most popular regional mall.
PHOENIX-DFD Architecture and Cornoyer-Hedrick welcome a new era with today's nuptials. The teaming creates one the state's largest firms and one that plans to vie for practically every high-profile project in the Southwest.
PHOENIX-First Industrial Realty Trust is working the Valley market to the max, breaking ground on its third construction project. The latest is a $15-million, 259,000-sf undertaking near Sky Harbor International Airport.
TEMPE, AZ-Boston-based REIT, Cabot Industrial Trust, picks up a six-building portfolio, totaling 140,000 sf, in Tempe's Broadway Business Park. Seller Shidler Group of San Diego reaps about $9 million for the 93%-occupied package.
PHOENIX-Westland Title rolls out the first of several offices planned for the Valley. The firm, which has corporate offices at Squaw Peak Corporate Center, signs for a 2,600-sf spot at Lake Biltmore Corporate Center in the city's north submarket
PHOENIX-Westland Title rolls out the first of several offices planned for the Valley. The firm, which has corporate offices at Squaw Peak Corporate Center, signs for a 2,600-sf spot at Lake Biltmore Corporate Center in the city's north submarket