Newmark Secures $151M In Financing For 30-Property Industrial Portfolio In Arizona

Via PHOENIX — Newmark has secured $151 million in financing for a 30-property industrial portfolio in Arizona. The portfolio contains more than 4 million square feet of space occupied by more than 1,000 tenants. The 15-year non-recourse loan features a rate below 4 percent. The portfolio is a mix of light industrial / manufacturing buildings with small to medium bay depths. The properties are located in Phoenix, Tempe, Mesa,

West Valley Cities Reach Pre-recession Revenues

Via Some West Valley cities are reaching revenue levels they hadn’t seen since the Great Recession, and financial plans call for spending on projects from a new bus route in Avondale to a parking garage in Peoria. Avondale, Goodyear and Peoria are on target to surpass pre-recession levels of operating revenue. Peoria’s general fund, a city’s biggest bucket of operating funds that is largely fed by sales-tax collections, peaked

Residential Real Estate Heats Up

“You can never have too much of a good thing,” or so the saying goes.  But that’s not true when it comes to residential real estate in Metro Phoenix. Via “Arizona continues to have a shortage of listing inventory, especially less than $300,000,” says Trudy Moore, designated broker at HomeSmart. “First-time home buyers make up a large sector of the market and there are just not enough listings to

Arizona Opens another Factory

  A ribbon cutting on January 26th celebrated KPS Global’s newest facility in Goodyear, Arizona. Via The Goodyear facility represents a significant investment supporting KPS Global innovations, efficiency and quality. This new state-of-the art facility has the square footage, upgrades and equipment that will serve current KPS Global customers and has the capacity to meet future demand. KPS Global is investing more than $2.3 million in the Goodyear facility,