Michael Douglas

Red Mountain Professional Plaza

OFFERING SUMMARY 2158 N Gilbert Road.  Mesa, Arizona 85203 Sold Price: $699,,900…Read More→

Sales per Square Foot for Most Retail Categories Surpass Pre-Pandemic Levels

Article originally posted on Costar In another sign of the strength of the U.S. consumer and the resiliency of brick-and-mortar retail, in-store retail sales per square foot rose to records across most major categories in the first quarter, according to data compiled by Datex Property Solutions and reported by the International Council of Shopping Centers,…Read More→

Meta expands plans for proposed large-scale Mesa data center

Article originally posted on Phoenix Business Journal  Even though the first phase is still under construction, Meta Platforms Inc. (Nasdaq: FB), the parent company of Facebook, announced Wednesday that it is expanding the scope of its data center project in Mesa. In the summer of 2021 — under the pseudonym Redale LLC — Meta acquired 396…Read More→

Massive Central Station development increases what downtown Phoenix has to offer, mayor says

Article originally posted on The Phoenix Business Journal Phoenix Mayor Kate Gallego said the upcoming Central Station development in downtown Phoenix is going to be the answer for several things missing from that part of town right now. The development, which a groundbreaking ceremony was held for on April 13, will be built on 2.6 acres in downtown Phoenix…Read More→

Medical Office Suites Available in Revitalized Midtown | Near St. Joseph’s

This beautiful mid-century property.  Osborn Medical Center is a three-story, privately owned,…Read More→

Battery manufacturer moves forward with land purchase in Phoenix metro for future facility

Article originally posted on Phoenix Business Journal   Coeur d’Alene, Idaho-based KORE Power moved forward with buying a large parcel that will house its 1 million-square-foot battery manufacturing facility in Buckeye. The lithium-ion battery manufacturer paid Glendale-based Mangat Group, a real estate investment and development company, close to $29 million for the 214 acres of agricultural land…Read More→

Rail giant BNSF Railway wins bid for 3,500 acres in far West Valley for potential multi-modal facility

Article originally posted on Phoenix Business Journal Texas-based BNSF Railway Co. was the winning and sole bidder for a 3,508-acre piece of land at an Arizona State Land Department auction held Wednesday morning. The giant freight company won the auction at the minimum bid price of $49.11 million, or approximately $14,000 per acre, for the massive…Read More→

Industrial rents climb 4.4% amid record-setting supply and vacancy levels

Article originally posted on AZ BIG MEDIA    The national average for in-place industrial rents across the top 30 U.S. markets reached $6.45 per square foot in February, increasing 4.4% year-over-year. At the same time, the average price of leases signed over the same interval was $7.35 per square foot as of February, 90 cents higher than the…Read More→

How housing shortage, affordability concerns could factor into office-space decisions

Phoenix Office Space for Rent

Article originally posted on Phoenix Business Journal on April 01, 2022   Corporate-relocation pitches in cities like Charlotte, North Carolina, have long used affordability as a key reason to convince a company to uproot their headquarters or plant hundreds of new jobs. With Charlotte having a median sales price of $360,000 in February 2022, the city is…Read More→

Power Road Development Opportunity

OFFERING SUMMARY ICRE Investment Group is proud to offer to a select…Read More→

Single Tenant Net Leased Investment

OFFERING SUMMARY 1485 S Higley Rd, Gilbert, AZ 85296 Property Name:  Higley…Read More→

425 & 515 N Stapley Dr Mesa AZ 85203

425 & 515 N Stapley Dr. Mesa, AZ 85203 NEC of Stapley…Read More→

Val Vista Marketplace

±5,900 SF (Bldg. E ) Brand new Retail Development available in Desirable…Read More→