PHOENIX—The Phoenix office of JLL has just closed a $10.5 million, three-building flex office portfolio sale in McDowell Mountain Business Park, a segment of metro Phoenix that for years has sustained a sub 10% vacancy rate for its class A flex office and industrial space.
PHOENIX—American Realty Advisors, on behalf of one of its clients, has sold an office building and data center totaling 513,361 square feet in Phoenix for $91.5 million.
PHOENIX—The big box picture in Phoenix is looking brighter as Westwood Financial Corp. announces that Smart & Final Extra has now opened as the new anchor tenant at WFC's Pueblo Point shopping center in Phoenix.
PHOENIX—DTZ has begun to market West 80, a 379,635-square-foot, for-lease, speculative development by Wentworth Property Company. Located on the southeast corner of 80th Avenue and Buckeye Road in Phoenix.
LAS VEGAS—A panel of experts convened at ICSC RECON at the Westgate Hotel in Las Vegas to discuss capital markets. The panel was moderated by Kieran Quinn, managing director, Guggenheim Commercial Real Estate Finance, LLC.
PHOENIX—The Valley is rapidly growing into one of the nation's tech hubs. GlobeSt.com caught up with Michael Ortiz, associate vice president at Colliers International in Greater Phoenix, to get his take on the evolution of data centers in Metro Phoenix.