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Phoenix is poised for an influx of spec data center space. The demand will be there to absorb it, according to CBRE's Luke Denmon, a data center specialist. 
"In recent years the lack of available product has resulted in Phoenix being passed over during multi-market site selections," Denmon said. But with 27.6 MW under construction and several other projects planned, tenants looking for a megawatt of data center…
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New Valley Partnership Chair Urges Preservation Of Economic Development Tool
Valley Partnership recently tapped Opus Group development consultant Brett Hopper as its 2017 chair. “We're optimistic about the Valley's commercial development opportunities for the rest of the year," he said. "We're particularly encouraged by the growth in transit in the…
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Arizona Center Owners To Spend $25M On Additions, Improvements
Parallel Capital Partners and Angelo Gordon & Co. are planning to add multifamily and hospitality components and make improvements to the 1M SF Arizona Center. The 16-acre property, which the partners acquired for $126M in 2015, can accommodate as much as another 3.9M…
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How The Top Retail REITs Are Faring In The Midst Of Industry TurmoilIt is called a death spiral. The woes plaguing the retail industry are caused by a domino effect of negative factors that, if allowed to persist, could lead to shuttered malls. Something as simple as a struggling anchor shutting its doors at a Class-B center could lead to diminished mall traffic, which could mean falling sales for other retailers there. In the worst cases, this vicious cycle could lead to a mall going dark. |
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4 Markets Where Renting Has Outpaced HomeownershipRenting is on the rise. A Harvard University Joint Center for Housing Studies report said 1.4 million new renter households were formed in 2015, pushing the percentage of U.S. households that rent to 36.4%. That is the highest level since the 1960s, and the trend is so pervasive that even wealthy Americans increasingly prefer home and apartment rentals to homeownership. |
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