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Industrial Development Watch

Kentwood Ventures' 314.5K SF KV Casa Grande project on 18 AC signed its final lease, with JLL as exclusive leasing broker.

Aerospace Infrastructure Watch

Paramium Technologies held a ribbon cutting for its Magnum Antenna in Tucson, a satellite ground-infrastructure milestone.

📍 Sector Snapshot — Vacancy & Inventory

Industrial: 12.4% vacancy per Q1 2026 data, down 120 bps year-over-year as new deliveries fell 82%  |  Retail: 5.20% vacancy in Q3, up from 5.10% in Q2, with average NNN asking rent of $19.56 per SF, per Lee & Associates  |  Office: 16.9% vacancy in July, down 60 bps year-over-year and below the 17.7% national rate, per CommercialCafe  |  Medical Office/Biosciences: Roughly 297,000 SF under construction metro-wide, concentrated in the Southwest Valley, Buckeye and Queen Creek, per Plaza Companies  |  Multifamily: Q1 net absorption of 6,261 units, the strongest quarterly performance in at least 26 years  |  Mixed-Use: Mesa's approved $3B Legacy Park shows continued owner confidence in large-scale mixed-use land near the Gateway corridor

Tucson Office Watch

Kolb Office Investors, a Larsen Baker affiliate, paid $3.22M for the 29.3K SF Kolb Executive Park at 1580 to 1670 N. Kolb Rd., with CBRE representing the seller.

West Valley Industrial Landlord Watch

Panattoni's three-building Northern Parkway Logistics Center in Glendale was 57.9% leased at closing, with 73 dock-high doors and 32 to 36 ft clear heights.

📍 Sector Snapshot — Vacancy & Inventory

Industrial: 12.4% vacancy, down 120 bps as deliveries slow  |  Retail: 4.5% vacancy, rents up nearly 7% year-over-year  |  Office: 16.9% vacancy in July, down 60 bps year-over-year, per CommercialCafe  |  Medical Office/Biosciences: Roughly 297,000 SF under construction metro-wide, concentrated in the Southwest Valley, Buckeye and Queen Creek, per Plaza Companies  |  Multifamily: Q1 net absorption of 6,261 units, strongest in 26+ years  |  Mixed-Use: Mesa's approved $3B Legacy Park shows continued owner confidence in large-scale mixed-use land near the Gateway corridor

Industrial Tenant Watch

OEG, Inc. leased all of Building A, 94.1K SF, and Artivo Surfaces committed to about 43K SF in Building B at Queens Crossing at Chandler Airpark, a 437.5K SF Class A park owned by Ryan Companies US and Principal Asset Management.

Startup Tenant Watch

The University of Arizona Center for Innovation reports its supported startups generated $260M of economic impact.

📍 Market Snapshot — Rates & Capital Markets

Fed Funds: Held at 3.75%–4.00% on October 28 in a 10-2 vote, with Cook and Hammack dissenting in favor of a hike  |  Rate Outlook: CME FedWatch puts the odds of a December hike at 84.6%, up from 78.3% before the meeting  |  10-Year Treasury: 4.90% on November 6, down from 4.94% on November 4  |  30-Year Mortgage: 7.18% on November 5, per Freddie Mac, down from 7.24% a week earlier and up from 6.22% a year ago  |  Builder Confidence: NAHB index at 29 in October, a 14-year low  |  Construction Costs: Nonresidential input prices up 11.9% year over year, per AGC  |  Public REITs: FTSE Nareit All Equity REITs returned -2.7% in August and +14.5% year to date through August  |  Multifamily Supply: About 550,000 units under construction in Q3, the lowest total in more than a decade, and the share of apartments offering concessions fell to 14.5% in September from 17% in May, per Marcus & Millichap

Medical Office Sale-Leaseback Watch

HealthCore Foundation paid $130M, about $585.39 per SF, for six medical office buildings totaling 222,073 SF in Fairfield and Vacaville, Calif., from NorthBay Health. Published November 10.

Manhattan Refinance Watch

ACORE lent $216M on the Prince Building in SoHo, retiring a $200M CMBS loan that went delinquent earlier this year. Published November 10.

New Jersey Retail Pricing Watch

An affiliate of Bronstein Properties paid $41M, nearly $195 per SF, for the 210,853 SF Gardens retail property in Flanders, N.J. Published November 10.

Apartment REIT Rent Watch

Monthly rents at the largest apartment REITs rose 1.42% from Q2 to Q3, averaging $1,926 per unit. Published November 10.