Phoenix

In 2018, the Phoenix job market grew by 3.9%, the fastest rate of growth in the last decade, adding nearly 80,000 jobs.

Clarke assumes responsibilities for the commercial services business in offices in California, Arizona, Colorado and Washington after a successful three decades of service at Transwestern.

The deal marks the 14th hotel property sold by the McLean, VA-based REIT in the past year as part of its ongoing program of recycling non-core assets.

Las Vegas and the Inland Empire will continue to see ample capital chasing deals in 2019, while Phoenix could start to cool off.

Following a decade of litigation, Crown Realty & Development acquires nearly 97 acres of land in Phoenix's Desert Ridge with plans to develop a new urban core.

With strong leasing activity and rental rate growth this year, the Phoenix medical office market is poised to see an influx of investment capital in 2019.

Capital Square 1031 takes a trust offering full cycle in record time, achieving 131% returns.

Last year, the medical office market in Phoenix recorded record absorption and 4.8% rent growth.