Austin Counts, Inside Tucson Business Three of Pima County’s commercial real estate leaders see great opportunities in the new year for companies looking to reassess their office or retail space needs while commercial property owners may want to consider selling as out-of-state buyers are lining up. Melissa Lal, president of Larsen Baker, LLC, said she … Read more
The long, hot summer of 2020 just added to the misery index in Arizona. The state has managed to still move forward with many new developments, and the pace of building has remained steady. There are signs all around the Phoenix market that this COVID-19 induced economic downturn will be a short-lived one when compared with what … Read more
Russ Lyon Sotheby’s International Realty— Arizona’s leader in luxury real estate —is selling a piece of Arizona history in Safford, Arizona, an Arizona bed & breakfast filled with the charm and nostalgia of yesteryear. Built in 1890 and listed on the National Register of Historic Places, this home was first owned by Sheriff Olney, who was once … Read more
VanTrust Real Estate recently nearly 80 acres at Sarival Road and Maryland Avenue. According to the commercial developer, they plan to break ground in October on a 660,000-square-foot speculative industrial building to be completed by spring 2021. “The site is located in close proximity to a growing and skilled labor force, along with prime access … Read more
Property owners are looking to build a fitness center as well as commercial office space.
On the heels of a zoning approval on Vallery Lane in Lakeside from Open Space (OS) to Recreational Vehicle Park (RVP), owner Brett Cote requested another zoning change for 10.17 acres of property he owns on the corner of White Mountain Road and Wagon Wheel Road, adjacent to Camp Grace, from OS to Light Commercial … Read more
Westcore, a leading industrial real estate acquisition, development and asset management firm, acquired a 164,486-square-foot, Class A industrial warehouse on 16.5 acres of land in Chandler, Arizona for $38 million. Located at 2550 North Nevada Street, the warehouse is fully leased to a leading global e-commerce company.
Industrial real estate investor and developer CapRock Partners closed on two rounds of funding totaling $180 million for one of its industrial value-add funds, some of which will be used to buy and operate Phoenix-area real estate.
Local captains of real estate are witnessing these changes in business owners’ needs first-hand and discovering new trends that may be afoot for several different industries in a post-COVID business environment.