Foreign Real Estate Investment Grows in Phoenix

By Corina Vanek | Phoenix Business Journal Investment from foreign firms fueled more than $1 billion worth of real estate transactions in Phoenix during 2019, including the city’s two largest office sales. According to CBRE data, the late-2019 purchases of the Biltmore Center for $212 million by Switzerland-based Partners Group and the $190 million purchase …

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Here’s How the Valley’s Office Market Shapes Up in 2020

By Corina Vanek | Phoenix Business Journal The Valley’s office vacancy rate continued to fall during 2019, reaching 14% by the end of the year, even as the region saw the most new office construction since the end of the Great Recession. Sean Spellman, senior vice president with CBRE in Phoenix, said 2.4 million square …

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