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Marketbeat: Metro Phoenix Industrial Snapshot Q3 2015

The Metro Phoenix job market continued to show signs of improvement, adding 44,900 jobs year-over-year through
August 2015. During the same time period, the unemployment rate decreased 60 basis points (bps) to
5.8%. The industrial sector accounted for 11,000 of the 44,900 new jobs added over the past year.

As Q3 2015 closed, industrial vacancy in Metro Phoenix stood at 11.1%. This […]

By |October 12th, 2015|In the News, Press Release|0 Comments

Investor Purchases $3 Million Midtown Central Avenue Parcel

Cushman & Wakefield Negotiates Sale of Development Site

PHOENIX, Oct. 7,  2015 – Cushman & Wakefield, a global leader in commercial real estate services, announced today that Ironline Partners has purchased 1.98 acres of land at the northeast corner of Central and Columbus Avenues for $3 million.

Vice Presidents Will French and Brian Rosella with Cushman & […]

By |October 7th, 2015|In the News, Press Release|0 Comments

IDT911 Expands its Global Headquarters at Riverwalk Arizona

Cushman & Wakefield Negotiates Lease for Identity and Data Breach Protection Company

PHOENIX, Oct. 6, 2015 – Cushman & Wakefield, a global leader in commercial real estate services, announced today that IDT911 signed a long-term lease extension and is expanding its operations at Riverwalk Arizona, 7580 N. Dobson Rd. in Scottsdale, AZ.

Mark Seale, Senior Director with […]

By |October 6th, 2015|In the News, Press Release|0 Comments

Market Industrial Property Sells for $5.5 Million

Cushman & Wakefield Negotiates Southwest Phoenix Sale to California Investor

PHOENIX, October 4, 2015 – Cushman & Wakefield, a global leader in commercial real estate services, announced today the $5.5 million sale of an industrial facility at 200 S. 49th Ave.

Evergreen Industrial Properties, LLC, of California purchased the 114,871-square-foot building from California-based Young’s Holdings, Inc. (Young’s […]

By |October 5th, 2015|In the News, Press Release|0 Comments

Demand for Class A Office Space Improves Phoenix Vacancy

Cushman & Wakefield Announces Q3 Office Market Conditions

PHOENIX, Oct. 2, 2015 – Cushman & Wakefield, a global leader in commercial real estate services, announced today that the Metro Phoenix office vacancy dropped to 18.9% in the third quarter, largely due to demand for prestigious, Class A space.

The metropolitan area has added nearly 45,000 jobs […]

By |October 2nd, 2015|In the News, Press Release|0 Comments

The Huntington Commands Selling Price of $34.6 million

Cushman & Wakefield Negotiates Sale of Tempe Apartments

PHOENIX, Oct. 1, 2015 – Cushman & Wakefield, a global leader in commercial real estate services, announced today the $34.6 million sale of The Huntington Apartments on behalf of owner Gelt Inc., dba Gelt Mill Holdings LLC of Tarzana, CA.

Jim Crews and Brett Polachek with Cushman & Wakefield’s […]

By |October 1st, 2015|In the News|0 Comments

August 2015 Metro Phoenix Employment Report

By |September 29th, 2015|In the News, Press Release|0 Comments

Redflex Relocates to Two Glendale Office Buildings

 

PHOENIX, Sept. 28, 2015 – Cushman & Wakefield, a global leader in commercial real estate services, announced today that Redflex Traffic Systems has signed two leases to relocate its Phoenix office operations to buildings at 5651 W. Talavi Blvd. within Talavi Corporate Center and 16680 N. 51st Ave. within the 51 Bells project in Glendale, […]

By |September 28th, 2015|In the News, Press Release|0 Comments

Ace Vending Purchases Industrial Building in Gilbert

PHOENIX, Sept. 23 , 2015 – Cushman & Wakefield, a global leader in commercial real estate services, announced today that Ace Vending has purchased an industrial building at 335 S. Hamilton Court in Gilbert, AZ, for $3.6 million.

Andy Markham, SIOR, Mike Haenel, Will Strong and Phil Haenel of Cushman & Wakefield represented Ace Vending in […]

By |September 23rd, 2015|In the News, Press Release|0 Comments

SuperShuttle Relocates to New Facility Near Sky Harbor

PHOENIX, Sept. 22, 2015 – Cushman & Wakefield, a global leader in commercial real estate services, announced today that SuperShuttle has relocated its Phoenix operations to a building at 3545 S. 28th St. near Sky Harbor International Airport.

Steve Mardian, Senior Vice President with Cushman & Wakefield, represented SuperShuttle in the lease negotiations. John Werstler of […]

By |September 22nd, 2015|In the News, Press Release|0 Comments