Team News & Notes       
Now Available ::
CBRE North America Cap Rate Survey for the First Half 2016.
Highlights cap rate trends for all major property types and classes in major markets in the U.S. and Canada.

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   Call for Offers ::          
OFFERS DUE
THURSDAY, OCTOBER 6, 2016
Park Ladera at Spectrum Ridge Phoenix, AZ                         
100% leased, new institutional construction, core industrial offering in the Deer Valley Submarket

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OFFERS DUE
TUESDAY, OCTOBER 4, 2016
16212 N 28th Ave, Phoenix, AZ    
100% leased, investment grade 
(S&P: AA), single tenant office

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Featured Listings ::    
TIME TO SCHEDULE YOUR TOUR!
Desert Canyon 200
Phoenix, AZ                                 
Value-add office investment opportunity with stable cash flow, 69% leased to an S&P:A+ rated tenant

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TIME TO SCHEDULE YOUR TOUR!
Acacia Court
Tempe, AZ           
87.5% leased, multi-tenant, core-plus office opportunity located in Tempe, Arizona, less than one mile from the Interstate 10 Freeway

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Top Sales Transactions

Chandler Heights Marketplace :: Chandler, AZ
Price: $30,000,000 ($241 PSF)
Size: ±124,570 SF; 100% Occupied
Type: Multi-Tenant Grocery Anchored Neighborhood Center
Buyer: Boardman Investments
Seller: Passco Companies

Notes: Built 2005; ±18.08 acres; PAD & C-2 zoning; ±6.11 per 1,000 SF parking ratio; anchored by Bashas' Grocery; several national credit tenants including Starbucks, Wells Fargo, Pizza Hut and Edward Jones among others  

10/60 Corporate Center :: Tempe, AZ
Price: $14,250,000 ($158 PSF)
Size: ±90,000 SF; 77% Occupied
Type: Two, Two-Story Multi-Tenant Office Buildings
Buyer: Property Resources Group (Paces Lodging)
Seller: The Broe Group & Greenlaw Partners

Notes: Built 1985; renovated 2015; ±8.89 acres; GID zoning; ±7.0 per 1,000 SF parking ratio; a third building was demolished to improve parking ratio; reported 6.7% cap rate                       

8700 Building :: Scottsdale, AZ
Price: $4,300,000 ($301 PSF)

Size: ±52,696 SF; 93% Occupied
Type: Three Story, Multi-Tenant Office Building
Buyer: Alvarado Realty Company
Seller: TA Realty

Notes:  Built 1986; ±2.29 acres; C-O zoning; ±4.5 per 1,000 SF parking ratio provided via two level parking structure

Top Stories

  1. Arizona, Southwest region economic growth to eclipse nation in coming year    
    Phoenix Business Journal – September 15, 2016
    Click Here  to access full article
     
  2. How Phoenix is becoming a hotbed of innovation  
    Phoenix Business Journal – September 16, 2016
    Click Here to access full article
     
  3. California health care, tech firm building $38M, 2,000 worker regional operations center on tribal land in Phoenix area  
    Phoenix Business Journal – September 14, 2016
    Click Here to access full article
     
  4. Can some shade, trees and plants help makeover downtown Phoenix?
    Phoenix Business Journal – September 15, 2016
    Click Here to access full article
     
  5. Big tire wholesaler enters Arizona market with Phoenix distribution center    
    Phoenix Business Journal – September 14, 2016
    Click Here to access full article
     
  6. Desirable Melrose District is home to new multifamily      
    GlobeSt.com – September 9, 2016
    Click Here to access full article
     
  7. Target CEO says retailer won’t become full-service grocer
    The Wall Street Journal – September 14, 2016
    Click Here to access full article
     
  8. DATOS 2016: the rise of the “Hispanic Super Consumer”
    Phoenix Business Journal – September 16, 2016
    Click Here to access full article
     
  9. A Fed insider warns of the risk of low rates
    The Wall Street Journal – September 8, 2016
    Click Here to access full article 
     
  10. Shake Shack's millionaire founder Danny Meyer explains why he upped his fast-food workers' pay  
    Business Insider – September 13, 2016
    Click Here to access full article
     

Top Sales Transaction data provided by Vizzda, CoStar. CBRE Research sets the world standard for local market commercial real estate research by providing clients with accurate, insightful and current market knowledge, developed using a consistent methodology across all localities.

CBRE Research combines data collected from its own proprietary research as well as what is purchased from vendors into market information and knowledge. CBRE Research creates value by validating and organizing market data to make it easily accessible to CBRE professionals who advise clients and performs in-depth analyses for CBRE professionals on behalf of clients.

Visit CBRE Research


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