With Equity Backing In Place, Offices
At Chandler Viridian Slated To Start
The Offices at Chandler Viridian will be a 250K SF office building at the intersection of Loop 101 and Loop 202, near the Chandler Fashion Center.
The building will feature 41K SF floor plates, energy-efficient glass to allow for natural…
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Opus Group Kicks Off Spec Industrial In Mesa
The Opus Group started work on a spec industrial project in the Longbow Business Park and Golf Club in Mesa. Construction on the 147K SF project, Longbow Gateway One, began this month, with project completion scheduled for January.
Longbow Business Park…
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Ahwatukee MOB Sells For $12M
United Insurance Company of America sold Foothills Health Center, a two-building, 53K SF medical office property in the Ahwatukee submarket of Phoenix, for $12.1M to Crescendo Development.
On more than eight acres at 4510 and 4530 East Ray Road, the…
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These Are The Best Practices Driving Sustainability In Data Center Real Estate
Sustainability is no longer a fad in commercial real estate development — it is standard practice throughout the industry.
Even if a project is not seeking LEED status, incorporating sustainable practices can attract top tenants and save a fortune in long-term operating costs. For data center operators, those savings can be substantial, given how much electricity is needed to power servers and cooling systems.
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Thayer Lodging President Sees Hospitality Slowdown, Says Worst Is Yet To Come
Nationwide hospitality revenue has begun to slow down midway through the third quarter, and top hotel executive Bruce Wiles expects it will get even worse.
For the 28-day period ending Aug. 12, nationwide hotel RevPAR, or revenue per available room, grew at a rate of 0.9% over the same period in 2016, according to data from hospitality research firm STR. This comes after Q2 and Q1 experienced year-over-year growth rates of 2.7% and 3.5%, respectively. The noticeable drop in RevPAR growth so far in Q3 signals a worsening performance that has begun to catch the attention of hotel executives.
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