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CREReport | Phoenix for October 14, 2014
    

CREReport | Phoenix

Commercial Real Estate Report for October 14, 2014

First American Exchange Acquires 75K SF of Industrial Space in East Valley for $3.55M

First American Exchange Company purchased 22 industrial condos totaling 74,633 square-feet of space at E/SEC Rural Rd & Baseline Rd in Gilbert from The Speros Companies for $3.55M.

costar.com

Glendale Seafood Supermarket Leases 14K SF of Retail Space in West Valley

Glendale Seafood Supermarket leased 14,365 square-feet of retail space at Glendale Center located at SWC 51st Ave & Glendale Ave in Glendale.

costar.com

Trend Report: Metropolitan Phoenix’s Multifamily Value-Add Revival

Excerpt: CBRE’s Brian Smuckler and Jeff Seaman, part of the company’s Multifamily Investment Properties team in Phoenix and specialists in the B and C quality, private-capital, multifamily investment market, point to strong market fundamentals and a demographic shift back toward centralized, urban, amenity-rich neighborhoods as catalysts of this multifamily trend.

CBRE

Lee & Associates’ Q3 2014 Phoenix Industrial Market Report

Highlights:

• Top Buyer Type - REIT / Public

• Largest Project Under Construction - 7845 W Buckeye in Phoenix (685,084 SF)

• Top Lease - 73,781 SF at Liberty Tolleson Center (Tolleson)

• Top Sale - 2851 W Kathleen Rd (Phoenix), $23M for 102,996 SF

Lots more...

Lee & Associates

Lee & Associates’ Q3 2014 Phoenix Office Market Report

Highlights:

• Top Buyer Type - Private

• Largest Project Under Construction - Marina Heights in Tempe (1,015,000 SF)

• Top Lease - 101,803 SF at Fountainhead Office Plaza (Tempe)

• Top Sale - 1330 S 16th St (Phoenix), $17,600,000 for 53,314 SF

Lots more...

Lee & Associates

Catclar Investments Selects Berkshire Hathaway to Manage Sales for 4 TwentyOneWest in Tempe

Catclar Investments selected Mike Santistevan of Berkshire Hathaway HomeServices Arizona Properties to manage sales for 4 TwentyOneWest, located at 421 W. 6th Street.

Catclar is developing 24 homes at the location.

prlog.org

Sharing the Road: Outlets & Mainline Stores

Once relegated to exist on the fringes of urban developments, outlet stores are creeping in and occupying new and renovated properties.

Retailers like Nordstrom are seeing a conversion of the bargain shoppers coming into the full-priced stores. Coach, however, did not experience the same up-sell. * Requires Login

WSJ