Phoenix

Despite 6.4 million square feet in industrial deliveries in 2019, the vacancy rate in Phoenix stayed below 10%.

Demand and price growth in satellite cities could actually outpace that of the core cities, according to Zumper, which identified major metros that retained popularity last year and what satellite cities stole the spotlight.

As young professionals continue a mass exodus from higher cost of living areas, employment opportunities coupled with the absence of state income tax make Texas and Austin the epicenter of this migration.

Afton Trail joins the firm as director of property management for the desert region, overseeing 10 million square feet.

Equiem provides tenants with access to a variety of new services, events and experiences, and all existing facilities, amenities and retail, including updates about remodel work.

The acquisition of the Phoenix-based home developer makes Landsea Homes one of the largest homebuilders in Arizona.

The property had rare zoning allowing for the conversion in an area with limited auto shop product.

The investor sold the iconic office asset for $212 million after a substantial renovation.