Phoenix's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
The fund, structured as a REIT under a 506(c) designation, is an evergreen fund focusing on 75% value-add, and 25% cash-flowing commercial real estate investments in primarily Western growth markets, including but not limited to Colorado, Utah, Texas, Arizona, New Mexico and California.
The Phoenix market had 9,000 square feet of co-working space last year, but by the end of this year, that number will likely double thanks to expansion led by WeWork and Industrious.
The Houston-based developer has announced plans to build a $231 million transit-oriented project that will include a hotel, apartments, student housing, retail and offices.