Year: 2020

Absorption in 2020, 2021 driven by demand brought on by COVID-19 PHOENIX, Arizona – The onset of COVID-19 is driving industrial demand in Phoenix, with warehouse and distribution space emerging as leaders in an industrial market that is rapidly growing in both popularity and sophistication, according to the new JLL Q3 Phoenix Industrial Insight Report.

TUCSON, ARIZONA  – Vector Launch Inc., a micro-satellite launch company founded in Tucson, Arizona in 2016, announces today that it will restart operations and remain in Tucson after a competitive, multi-state process. After declaring bankruptcy and laying off 150 employees in 2019, Vector Launch assets were purchased by TLS Bidco. The company conducted a site

PHOENIX, ARIZONA –  CBRE announced it arrange the sale of a single-tenant industrial property in the greater Phoenix area for $3.2 million ($413 PSF) to a private capital investor from Southern California in a 1031 Exchange. Mike Parker of CBRE in Phoenix represented both the Buyer and the Seller, a Canadian investment group in the