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WeWork braces for fight as SoftBank wavers on stock deal
News 2 months ago
WeWork braces for fight as SoftBank wavers on stock deal

The threat from SoftBank raised scores of questions, both for the future of WeWork and for the health of the Japanese group itself. RV Rental...

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Behind the deal: 'Opportunity zone' made Scottsdale Entrada deal 'once-in-a-lifetime' project
News 2 months ago
Behind the deal: 'Opportunity zone' made Scottsdale Entrada deal 'once-in-a-lifetime' project

The California-based developer behind the ambitious project already had relationships in the industry in Phoenix, making the Valley an attractive...

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Tempe office fetches $5.9 million in sale
News 2 months ago
Tempe office fetches $5.9 million in sale

A 32,350-square-foot Class A office/flex building at 914 S. 52nd St. in Tempe has changed hands. The building is fully leased to two tenants, La...

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Valley commercial real estate industry braces for coronavirus fallout
News 2 months ago
Valley commercial real estate industry braces for coronavirus fallout

The sector is preparing for a slew of changes, including moving to different business practices and a shifting perception of office space,...

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By the numbers: Key parts of Valley dominate industrial construction
News 2 months ago
By the numbers: Key parts of Valley dominate industrial construction

The Valley's industrial market remained active in 2019, led by construction in its southwest and southeast portions, which ended the year with 5.9...

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Phoenix construction firm names new president
News 2 months ago
Phoenix construction firm names new president

Phoenix-based Willmeng Construction named Mike Mongelli, the company's former chief operating officer, as president of the firm. "Mike has been our...

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Construction begins on Scottsdale Entrada redevelopment
News 2 months ago
Construction begins on Scottsdale Entrada redevelopment

The vacant former Scottsdale Auto Park will be razed and redeveloped into a mixed-use campus. Here's an updated timeline on when various phases are...

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Architecture, design firm to take Esplanade's empty restaurant space
News 2 months ago
Architecture, design firm to take Esplanade's empty restaurant space

The office will adaptively reuse a former freestanding restaurant space in the popular Camelback Corridor office development. This account isn't...

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SoftBank may not buy $3 billion in WeWork shares
News 2 months ago
SoftBank may not buy $3 billion in WeWork shares

Filled with "must read" stories, industry news and reporter insights, exclusive interviews with local business leaders, and expanded Top 25 Lists....

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How big businesses get a ‘deep clean’
News 2 months ago
How big businesses get a ‘deep clean’

As other workplaces go online-only, traders continue to jostle on the floor of the New York Stock Exchange and the building has started to be...

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Hines, Oaktree plan West Valley industrial complex near Loop 303
News 2 months ago
Hines, Oaktree plan West Valley industrial complex near Loop 303

Hines and Oaktree Capital Management have bought 76 acres near Loop 303 and Glendale Avenue in Glendale and plan to develop two speculative...

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Real estate industry veterans join Scottsdale-based Keyser
News 2 months ago
Real estate industry veterans join Scottsdale-based Keyser

The two add to the capital markets and brokerage teams. Filled with "must read" stories, industry news and reporter insights, exclusive interviews...

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Central Phoenix office closed due to possible coronavirus exposure
News 2 months ago
Central Phoenix office closed due to possible coronavirus exposure

CBRE closed its 2020 N. Central Ave. office after an employee reported they had been exposed to someone they believed was a confirmed case of the...

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Coronavirus worries, market slump starting to affect public real estate trusts
News 2 months ago
Coronavirus worries, market slump starting to affect public real estate trusts

As the stock market saw its worst drop since 2008 on Wednesday amid uncertainty over the novel coronavirus, publicly traded real estate investment...

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Entrepreneur: Industry veterans launch Valley construction site cleaning firm
News 2 months ago
Entrepreneur: Industry veterans launch Valley construction site cleaning firm

Corina Burton and Patrick Maez formed CPR Construction Cleaning in 2019 after years working in the industry. The two co-owners are already looking...

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PBJ Suites: Ideation Design Group office focuses on creative details
News 2 months ago
PBJ Suites: Ideation Design Group office focuses on creative details

When it came time for Ideation Design Group to build its new Phoenix office, the firm made sure all the details tied together. The employees helped...

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Mixed-use office, hotel project planned near East Valley hospital
News 2 months ago
Mixed-use office, hotel project planned near East Valley hospital

In total the project includes nearly 100,000 square feet of new space on vacant land....

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Bay Area software startup signs Valley office lease in Biltmore area
News 2 months ago
Bay Area software startup signs Valley office lease in Biltmore area

The company's CEO said the Biltmore area was chosen because of the great amenities in that area, and its access to talent. A number of San...

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Valley among nation's top markets for industrial property construction
News 2 months ago
Valley among nation's top markets for industrial property construction

The Phoenix region ranks among the nation's top markets for industrial development planned or under construction, a new study shows. The 2020...

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Phoenix among top U.S. cities for tech office leases in 2019
News 2 months ago
Phoenix among top U.S. cities for tech office leases in 2019

Tech companies are drawn to expand in the Valley because of the growing talent base, favorable business environment, affordable office leases and...

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Construction starts on spec hangar space at SkyBridge
News 2 months ago
Construction starts on spec hangar space at SkyBridge

Construction has begun on a hangar facility at SkyBridge that will serve the inland United States-Mexico port at Phoenix-Mesa Gateway Airport....

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Third Amazon-leased facility in Valley sold for $35.7 million
News 2 months ago
Third Amazon-leased facility in Valley sold for $35.7 million

A global investment fund purchased a Goodyear Amazon facility, the latest in a string of purchases of property leased by the e-commerce giant. This...

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Construction begins on master-planned West Valley industrial park
News 3 months ago
Construction begins on master-planned West Valley industrial park

Lincoln Property Co. has begun construction on the first phase of Park303 in Glendale, a master-planned industrial development that will contain 4...

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Former Henkel Scottsdale headquarters transformed into office space
News 3 months ago
Former Henkel Scottsdale headquarters transformed into office space

The former Henkel Corporate Center now has a new name, and leasing is underway at the building now that former laboratory space has been turned...

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Frank Lloyd Wright architecture school board reverses decision to close down
News 3 months ago
Frank Lloyd Wright architecture school board reverses decision to close down

Only weeks after the board that oversees the operation of the famed Valley architecture school established by Frank Lloyd Wright had said the...

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Valley economic development directors, brokers talk future of tech sector
News 3 months ago
Valley economic development directors, brokers talk future of tech sector

The four economic development directors from the hottest Phoenix-area tech submarkets, as well as two prominent local brokers who work with tech...

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After Mobile Mini merges with Baltimore company, new HQ will be in Valley
News 3 months ago
After Mobile Mini merges with Baltimore company, new HQ will be in Valley

WillScot Corp., a Baltimore-based company that manufactures portable offices and classrooms, will relocate its headquarters from Maryland to Mobile...

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Southwest Phoenix Amazon facility bought by California real estate firm
News 3 months ago
Southwest Phoenix Amazon facility bought by California real estate firm

Buildings leased by the e-commerce giant have been commanding high sales prices in the Valley. Filled with "must read" stories, industry news and...

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Red Bull buys land to expand footprint in West Valley
News 3 months ago
Red Bull buys land to expand footprint in West Valley

The energy drink maker has bought another huge chunk of land next to where it is already developing a filling and production facility. This account...

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Scottsdale developer buys West Valley land, plans industrial project
News 3 months ago
Scottsdale developer buys West Valley land, plans industrial project

Scottsdale Investment Management bought the land that's in an "opportunity zone" from a furniture manufacturer, which will continue to operate in a...

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