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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.
In the second quarter, multifamily pricing increased to an average of $164,000 per unit, compared to $100,000 per unit average in 2017.
The 1.9 million square foot office tower under construction in Tempe is going to be a game changer for the market.
Owners are responding to the deep capital chasing deals in Phoenix by bringing whole portfolio sales to the market.
Office sales climb 40% and industrial sales up 12% over the first quarter as market fundamentals continue to improve.
The latest transactions involve the company's entrance into the Phoenix market and enhancing its presence in San Diego and the nation's capital.
Opportunity zones and opportunity zone funds are one of the benefits of the recent tax plan. Why aren't more investors talking about them?
The two hotel properties, constructed in 2007 and 2008, sit on 4.5 acres and feature a total of 212 units.
Local and domestic investors are actively trying to break into Phoenix's industrial market, the only problem: opportunities are limited.
Rapid rent growth, surging demand and an outdated apartment stock has meant big opportunities for value-add apartment investors.
Strong user demand has driven construction activity, but it might also start to drive land and construction costs up.