September 6, 2019

Several new projects in varying stages of development will join the cluster of retail, entertainment and hospitality tenants in Phoenix’s Central Scottsdale submarket. The area surrounding the Talking Stick entertainment corridor within Salt River Pima–Maricopa Indian Community along the Loop 101 has become a mecca for experiential retail in

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The retail giant will open a new outpost of 4-Star in Boston and add another Amazon Books location in Nashville, per Geekwire. Now, Amazon will operate five 4-Star stores and 19 Amazon Books stores, helping expand its proprietary retail footprint and further grow the segment outside of Whole Foods, which comprises the bulk of

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The U.S. trade war with China is casting a cloud of uncertainty over the U.S and global economies, but it is having a positive impact on industrial real estate on both sides of the U.S./Mexico border. According to ATISA Industrial, a Tijuana-based industrial real estate developer, some U.S. manufacturers operating out of China are seeking

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Developers have started work on The Fillmore, a 348-unit apartment building packed with unusual amenities including a shared office space and a “tequila room,” the latest residential project to break ground in the warehouse district of Phoenix’s rebounding downtown. Trammell Crow Co.’s High Street Residential subsidiary and its

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Phoenix’s office market is thriving, bolstered by corporate relocations and one of the fastest-growing populations in the U.S., drawn by the metro’s affordability and the state’s beneficial tax policies. Investment has chased demand: $1.3 billion in transactions closed in the first eight months of the year. While Class A office properties drew

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September 5, 2019

Single women might just single-handedly boost the success of retailers like Lululemon, Nike, TJ Maxx and Ulta Beauty, according to a new study by investment bank and financial services company Morgan Stanley. The study is called the “Rise of the SHEconomy. ”Morgan Stanley forecasts that by 2030, 45 percent, or 20.9 million, of

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Last-mile logistics demand is booming in Phoenix. According to construction company Greycor, requests for last-mile logistics facilities are among the top requests from developers. It isn’t surprising. Phoenix is leading in the nation in population growth and it is only an additional four-hour drive from Southern California’s Inland Empire, one of

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The net lease quick service restaurant market experienced something new midway through the year, according to The Boulder Group’s QSR Net Lease Report for this year’s second quarter. Cap rates in the retail subsector continued their decline and dropped to their lowest point ever. While the overall retail net lease market recorded an

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Self-storage REITs are ready to swoop in on an enticing source of acquisitions. As the self-storage industry continues to contend with a glut of supply in many major markets, some developers are nervous. Why? Because they’re wrestling with slower than anticipated lease-ups at new self-storage facilities. “The pro formas for

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Los Angeles-based Tides Equities acquired its seventh apartment complex in Phoenix this year alone. The real estate investment firm has aggressively expanded its portfolio, scouring the local market for well-located, but older properties that have potential for rent growth after the infusion of capital improvements into the

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September 4, 2019

Elite college football programs drive more investment into student housing assets at universities associated with those programs, according to several industry sources. “There definitely is a direct parallel between the two. Enrollment typically continues to grow at universities with winning football programs,” says Sean Baird, director of the

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High Street Residential, the residential subsidiary of Trammell Crow Company, and its joint venture partner, a fund sponsored by CBRE Global Investors, have commenced construction on the first phase of The Fillmore, a mixed-use multifamily project located in downtown Phoenix. Phase I, which sits on 2.8 acres, is located at the Southeast corner

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Office construction was at a cycle high at mid-year 2019, despite rising construction costs, according to a second quarter office report from real estate services firm Transwestern. Over the last year, construction starts rose by 10.3 percent, bringing the total of new office space underway to 163.6 million sq. ft. This level of new development,

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Arizona State University President Michael Crow has the vision to take Arizona higher and it means investing more in homegrown students – particularly Hispanics. The state’s economy relies on it, Crow told a dining hall packed with 320 real estate and other professionals and civic leaders at the sold-out Valley Partnership breakfast

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William Lyon Homes is a step closer to starting construction on a $40 million master-planned community in the West Valley. The Newport Beach, California-based homebuilder is in escrow to purchase 163 acres at the southwest corner of Indian School Road and 99th Avenue in Avondale. “We’re hoping to close by the end of the year or

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September 3, 2019

In late August, investment firm Starwood Capital Group bought 21 affordable housing properties in Florida and Texas containing a total of 4,448 apartment units. According to Mark Keatley, managing director at Starwood Capital, the firm is “confident this portfolio is well-positioned to deliver attractive risk-adjusted returns to our

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Lego is rapidly increasing the number of its own-brand stores and investing heavily into ecommerce as it seeks to navigate the turmoil in the toy industry. Niels Christiansen, Lego’s chief executive, said on Tuesday it would open more than 160 new stores this year — an increase of almost 40 per cent, as the Danish toymaker draws the lessons

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US net-lease investment is outpacing the broader commercial real estate market in 2019, with increasing demand from both foreign and domestic investors for office and industrial assets, according to CBRE. Net-lease investment—comprising office, industrial and retail properties—climbed 17.2% year-over-year in the first half of 2019 to

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As rents for Class A office properties continue to increase and low vacancy rates in hot office markets like Tempe make it difficult for companies to find space in the most desirable markets, some users are eyeing Class B office properties or less popular submarkets when looking for places to rent in the Valley. Charles Miscio, senior

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A joint venture among funds managed by Trinity Real Estate Investments LLC (“Trinity”) and funds managed by Elliott Management Corporation (“Elliott”) today announced the acquisition of the JW Marriott Desert Ridge Resort & Spa, the largest resort in Phoenix. This transaction follows Trinity and Elliott’s joint purchase of the Grande Lakes

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August 30, 2019

Fourteen U.S. markets — including Phoenix — stand out in a new report from CBRE as strategic options for investors in industrial and logistics real estate who are seeking growth opportunities outside of primary markets. These markets, which CBRE describes as strategic markets, have registered demand for industrial and logistics

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International investors became net sellers of commercial real estate this year for the first time since 2012. There was no one country accounting for the change, instead a small pullback in purchases that changed the investment equation. Investors made direct acquisitions totaling $21.3 billion in the first half of 2019 but sold a little bit

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Bridge Investment Group, the Utah real estate investment firm that’s been busy of late, just scooped up a Phoenix apartment complex with some fixer-upper-style upside. Bridge, of Sandy, Utah, paid $85.4 million, or $162,000 a unit, for the Pointe at the Foothills apartments in Phoenix, according to the company, which didn’t comment

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A recent study explored the future of experiential retail─such as axe-throwing bars, food halls and escape rooms─all of which are booming in Dallas. The authors of the Cushman & Wakefield report suggest that the increased drive for experience-based retail across the nation and in Dallas reflects a deeper economic trend─one with

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University campuses have sparked private development around the Valley as developers look to capture space on the periphery of where companies and workers want to be. But with the state’s private and public universities all in growth mode, some higher education officials see the benefit of bringing commercial development onto

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