Marketbeat: Metro Phoenix Office snapshot Q3 2015

What the 3Q 2015 numbers show:

>> At the close of the quarter, office vacancy in Metro Phoenix stood at 18.9%, a reduction from the 19.3% rate from Q2 2015. It showed a significant drop from the 19.6% reading one year ago.

>> The Metro Phoenix office market continued to experience robust demand, absorbing more than
880,000 square feet (sf), […]

By |October 19th, 2015|In the News, Press Release|0 Comments

North Mountain Plaza sells for $10.5 Million in Northwest Phoenix

 

Cushman & Wakefield Negotiates Purchase on behalf of Pivot Development

PHOENIX, Oct. 19, 2015 –  Cushman & Wakefield, a global leader in commercial real estate services, announced today that Arizona-based Pivot Development, LLC has purchased North Mountain Plaza, a retail center in Northwest Phoenix for $10,577,000.

Cushman & Wakefield Senior Vice Presidents Dan Salley and Jack Wilson […]

By |October 19th, 2015|In the News, Press Release|0 Comments

Pivot Development Purchases Papago Plaza for $12.5 Million

Cushman & Wakefield Negotiates Purchase of Shopping Center and Office Building

PHOENIX, Oct. 16, 2015 – Cushman & Wakefield, a global leader in commercial real estate services, announced today that Arizona-based Pivot Development, LLC has purchased Papago Plaza and an adjacent office building in South Scottsdale for $12.5 million.

Cushman & Wakefield Senior Vice Presidents Dan Salley […]

By |October 16th, 2015|In the News, Press Release|0 Comments

North Central Phoenix Office Buildings Sell for $10.4 Million

Cushman & Wakefield Negotiates Sale of Buildings in Revitalization Area

PHOENIX, Oct. 15, 2015 – Cushman & Wakefield, a global leader in commercial real estate services, announced today that Arizona-based East Missouri LLC has purchased the East Missouri Office Buildings for $10.4 million.

Eric Wichterman, Mike Coover, Bob Buckley, Tracy Cartledge, Steve Lindley, Ben Geelan, Chris Toci […]

By |October 15th, 2015|In the News, Press Release|0 Comments

Singh Organic Soils Purchases Tempe Industrial Building

Cushman & Wakefield Negotiates Final Building Sale of $54.5 Million Portfolio

PHOENIX, October 14, 2015 – Cushman & Wakefield, a global leader in commercial real estate services, has announced the $1.38 million sale of McKellips Business Park in Tempe, AZ. This completes the final property to be sold from the PS Business Parks portfolio, bringing the […]

By |October 14th, 2015|In the News, Press Release|0 Comments

Metro Phoenix Posts Ninth Consecutive Quarter of Positive Industrial Occupancy Growth

Cushman & Wakefield Reports Steady Leasing and Vacancy Decline

PHOENIX, Oct. 13, 2015 – Cushman & Wakefield, a global leader in commercial real estate services, announced today that the Metro Phoenix industrial real estate market posted its ninth consecutive quarter of positive occupancy growth, which reflects steady leasing and results in a slow but consistent decline […]

By |October 13th, 2015|In the News, Press Release|0 Comments

August 2015 Metro Tucson employment report

What the numbers tell us:

In an environment marked by stability, Metro Tucson added 3,300 jobs year-over-year through August;
Educational/Health Services and Professional/Business Services accounted for 78.8% of the job growth;
August unemployment was 6.2%, 10 basis points better than the statewide rate.

By |October 13th, 2015|In the News, Press Release|0 Comments

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