Phoenix
JV Acquires Phoenix Office Asset
Totaling more than 250,000 square feet, the three buildings in the city’s Black Canyon Corridor submarket fetched a sale price of nearly $35 million.
Top 10 Cash-Only Office Deals of 2017
In an intriguing finding, a single metro accounts for the lion’s share of the notable all-cash transactions identified by Yardi Matrix.
Aligned Energy Expands Phoenix Facility
The company will add 60 megawatts with its 200,000-square-foot expansion. The colocation data center is a Tier III facility which already delivers a total of 120 megawatts to tenants.
INCA Acquires Arizona Lending Firm, Appoints VP
In his new role at INCA, Phil Sollomi, the principal & founder of Scottsdale Private Lending, will oversee loan origination and underwriting.
Footprint Relocates Production to Gilbert, AZ
The company will occupy building F of Park Lucero Phase II, a 421,000-square-foot industrial development by Trammell Crow and its partner, Artis REIT.
Nikola Motor Selects Arizona for $1B Plant
The city of Buckeye will become home to the company’s 1 million-square-foot, hydrogen-electric, semi-truck manufacturing headquarters facility.
Sentinel RE Acquires 106 KSF Phoenix Office Building
Artis REIT sold the single-tenant, 106,000-square-foot 91 Glendale, with CBRE Capital Markets negotiating the deal on behalf of the seller.
Top 10 Phoenix Office Completions in 2017
The metro kept developers busy in the past year, with construction showing no signs of slowing down. Yardi Matrix put together a list revealing the largest office deliveries of 2017.
Large-Scale Industrial Project Breaks Ground in Phoenix
Irwin G. Pasternack AIA + Associates celebrated the start of construction for TEN Distribution Center 1, which is part of a planned $300 million, 3.6 million-square-foot industrial park.
Rich Uncles Buys AvAir HQ in Arizona for $27M
Lee & Associates has brokered the transaction on behalf of the buyer. The sale price equates to nearly $163 per square foot.