Phoenix, Arizona – CBRE has completed the sale of a 175,835-square-feet, class A office building in the Camelback Corridor area of Phoenix. Located at 5090 N. 40th Street, the building commanded a sale price of $42.6 million, or approximately $242 per square foot. Jim Fijan and Will Mast with CBRE’s Phoenix office negotiated the transaction. […]
Camelback Corridor Office Building Sells for $42.6 Million Read More »
Local Real Estate Trust Drawn By Long-Term Corporate Lease Phoenix, Arizona – The corporate headquarters of Avnet, Inc. has been sold to Cole Office & Industrial REIT (CCIT II), Inc. of Phoenix. The Class A, 176,402-square-foot building at 2211 S. 47th Street in Phoenix has been the technology company’s worldwide headquarters since 1997. The property
Phoenix Avnet Headquarters Sold to Cole Office & Industrial REIT (CCIT II), Inc. Read More »
Melina Cordero, Americas Head of Retail Research at CBRE says, “While the headlines screamed that online sales grew dramatically and in-store sales declined in the holiday season’s early days, the more accurate account is that retailers’ omnichannel sales increased. Shoppers now use multiple channels – online, in-store and especially mobile – to research and then
As Traditional Retailers Embrace Technology, Online Holiday Sales Jump Read More »