Jim Bayless

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First Spec Office Project in 5-Years Breaks Ground in Phoenix

Phoenix, AZ – USAA Real Estate Company of San Antonio, Texas, in association with Tempe, Arizona-based Metro Commercial Properties, has broken ground on a speculative office development in the I-17 / Deer Valley submarket in Phoenix. The development, named Norterra West, will include two (2), three-story Class-A office buildings approaching 300,000 square feet, and will

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Farmers Insurance Building Phoenix Sells for $16.85 Million

Phoenix, AZ – CBRE has completed the sale of the Farmers Insurance Building, a ±106,397-square-foot single-tenant office building located at 16001 N. 28th Avenue in Phoenix. The property, which is located in the Arizona Business Park in the I-17 corridor, commanded a sale price of $16.85 million ($158 PSF). Barry Gabel and Chris Marchildon, along

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