Buyer Beware of Manipulative Landlords

by Andrea Davis

The commercial real estate industry is in one of the hottest markets we have seen in years, with the state average GDP growth of 3.4 percent in 2018 and a 3.2-percent increase forecast for the rest of 2019. Vacancy rates for industrial and office spaces are dropping as employment gains drive up the demand. Healthy office vacancies for both landlord and tenant hover around … [More]

Tariff-Friendly Industrial Project in Goodyear

by Mike Hunter

New York-based Foundation Capital Partners and Chicago-based Baker Development Corporation have broken ground on a two-building, Class A industrial project called VB/143. Located in the heart of Goodyear, Arizona, the project sits within a foreign trade zone magnet site, allowing for reduced real and personal property taxes and reduced or eliminated duty, tariff and U.S. … [More]

Union Aims for Market-Leading Companies

by Mike Hunter

Union, a Class A office project at the junction of Mesa, Tempe and Scottsdale, is set to break ground on Phase One this month. But the Lincoln Property Company project signed its first tenant three months ago when WageWorks Inc. committed to a 150,000-square-foot lease. Union’s first Class A office building will total 232,000 square feet with an adjacent 1,120-space, … [More]

Whispering Rock Open in Gilbert

by Mike Hunter

Leading national builder and developer Taylor Morrison recently opened Whispering Rock in Gilbert. The new community will offer three of the builder’s most sought-after floor plans, priced from the low $500,000s. The one-story floor plans will offer between approximately 2,911 to 3,509 square feet of living space and up to six bedrooms, four baths and three-car … [More]

Iconic Downtown Building Reenergized

by Mike Hunter

ViaWest Group has kicked off major renovations at 200 EVB, a 10-story office building purchased late last year — along with a semi-adjacent parking garage — located at 200 E. Van Buren that formerly housed the Arizona Republic offices. Among the upgrades will be a complete first-floor overhaul with new a lobby, restrooms and conference area; a second-floor collaborative … [More]