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09/18/2018
VASA Fitness Expands Footprint, Opens at Mountainview Marketplace in Phoenix
VASA Fitness at Mountainview Marketplace in Phoenix. VASA Fitness, a gym with 26 locations and more than 200,000 members, signed a 55,000-square-foot lease at Fortis Development's Mountainview Marketplace in Phoenix. The Class B center at 3131 E...

09/18/2018
Oft-Traded Arizona Apartment Complex Back on Block
A suburban Phoenix apartment property whose fortunes have mirrored the ups and downs of the apartment market in recent years is back on the market. Paseo Place, a 480-unit, garden-style complex in Glendale, Arizona, has hit the market and should attract...

09/17/2018
Phoenix Industrial Vacancies Reach Lowest Point in 20 Years
The 540,349-square-foot warehouse leased to Blue Buffalo Pet Products in Goodyear, Arizona. Industrial vacancies in Phoenix are at the record low of 6.7 percent and demand is on track to outpace new supply for the fifth consecutive year. It has been...

09/17/2018
The Retail Market in Phoenix is Bouncing Back in 2018
Retail rent growth is slowing nationwide this year, but it is accelerating throughout Arizona's Valley of the Sun. As the third quarter draws to a close, the average retail rent in Phoenix has grown by more than 4 percent year-over-year. The market's...

09/14/2018
Mayo Clinic to Double Size of Phoenix Campus, Expand Florida Medical Center
Mayo Clinic is adding 1.3 million square feet to its campus in Phoenix's Paradise Valley. Nonprofit medical provider The Mayo Clinic plans almost $800 million in construction projects at its two major Arizona and Florida campuses, including almost doubling...

09/12/2018
Local Investment Firm Pays $8M for Fully Leased Retail Center in Scottsdale to Add to Assemblage
The 29,444-square-foot retail center in Scottsdale, Arizona. A private local investment firm purchased a 29,444-square-foot retail center to complete its larger assemblage within Northsight, a 300-acre master-planned mixed-use project in Scottsdale...

09/10/2018
Former Mack-Cali Chief Rudin Named President of Savills Studley
Mitchell E. Rudin, a veteran New York real estate executive who previously held senior positions at CBRE, Brookfield and Mack-Cali Realty Corp., will join Savills Studley as its next president, succeeding Michael Colacino who is stepping down at the end...

09/10/2018
CapRidge Enters Phoenix Market with $40.8M Acquisition of The Scottsdale Forum
The Scottsdale Forum in Scottsdale, Arizona. CapRidge Partners, a full-service investment firm, entered the Phoenix market with its acquisition of a 213,501-square-foot office building in Scottsdale, Arizona, from New York-based Clarion Partners....

09/05/2018
G2 Capital Advisors Pays $7.5M for Warehouse in Tempe
The 130,279-square-foot warehouse in Tempe, Arizona. G2 Capital Advisors, a local full-service investment bank, purchased a 130,279-square-foot industrial building in Tempe, Arizona, from Southern Paramount, an investment group based in Calgary, Alberta...

09/05/2018
Lincoln Rackhouse Doubles Down on U.S. Data Center Holdings
Lincoln Rackhouse has acquired a data center at 1000 Coit Rd. in Plano, Texas, as part of a portfolio purchase spanning three states. Lincoln Rackhouse, the data center division of Lincoln Property Co., nearly doubled its U.S. data center holdings...

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