Investors Eager For Phoenix-Area
Data Centers
The national data center market is hot, with demand for space being driven by cloud service providers, among others. The heat of the market is attracting investors, especially to markets with high barriers to entry.
Recently Carter Validus Mission Critical REIT II, based in Tampa, acquired the Tempe Data Center from El Dorado Holdings of Scottsdale for $16.4M. The asset has been fully leased since 1997 to T-Mobile U.S., and has been remodeled substantially a…
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Malaysian Manufacturer Finds A Phoenix Facility
Scientex Phoenix acquired a 90k SF industrial building at 4501 West Polk St. in Phoenix (above), which was vacant at the time of the sale. The buyer, based in Malaysia, plans to start operations in the building in the second…
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Phoenix Residents Need To Work Nearly 60 Hours/Month To Pay Rent
Phoenix is a bargain for renters, at least by one metric. Residents of Phoenix must work an average of nearly 60 hours a month to pay the rent, according to a new study by SmartAsset. Among the 15 metros the company…
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LiquidSpace's Newest Service Reinvents Office Design
LiquidSpace's latest innovation could change the future of tenant improvements.
LiquidSpace, a platform for leasing out flex space, expanded its platform today to include flexible workplace designs for companies with 10 to 200 employees. The altSpace program allows tenants to curate a new office with LiquidSpace-approved landlords and partner spaces.
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NAREIT Economists Don't Share The Fed's Concerns About Rising Commercial Property Values
The Federal Reserve is keeping a close eye on the expansion of gross domestic product, rising inflation and fiscal stimulus to determine when the next rate increase should take place, but commercial real estate is causing central bankers particular concern.
In its semi-annual Monetary Policy Report to Congress, the Fed said rising valuations have been a concern for the past year, “with property prices continuing to climb and capitalization rates decreasing to historically low levels.”
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Triumph Real Estate Investment Fund Buys 2 Arizona Plazas
Calgary-based Triumph Real Estate Investment Fund has acquired two Phoenix-area shopping centers, Triumph Bell West Ranch and Triumph Glendale Crossing, for a total of $7B. Triumph Bell West Ranch, a 20k SF mall in Surprise, Ariz., was 93.2% leased at…
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The 7 Things You Need To Know About Real Estate's Most Exclusive Membership
Do you belong at Ascent?
Ascent is a curated membership that gathers the nation's top commercial real estate principals; building bonds through shared experience and provocative discussion.
It is an invite-only membership, focused on deal-making and relationship building. The goal is to connect and inspire the next generation of leaders in commercial real estate under the age of 45(ish). Ascent organizes a biannual East and West Coast 2.5-day gathering of 200 national players, and hosts 50+ local cocktails, dinners, and unique experiential events across the country that help connect our members to people in their local markets.
Read the full story and learn more about becoming a member here. |
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