ICRE Investment Team

Phoenix continues to solidify its position as a leading global data center hub, ranking fourth worldwide in total operational capacity. In 2024, the Valley experienced a significant uptick in colocation leasing activity, reaching 669 megawatts, up from 643 megawatts in 2023 and 411 megawatts in 2022. This surge is attributed to factors such as proximity to Southern California, Arizona's business-friendly incentives, low natural disaster risk, and robust fiber infrastructure. Notably, major players like Amazon have made substantial investments, including a $277 million acquisition of 220 acres in Laveen Village for a prospective data center campus. Read more here: https://lnkd.in/gsXSNRXy #PhoenixDataCenters #CRE #InvestmentOpportunities #PhoenixGrowth #DataCenterExpansion #CommercialRealEstate #PhoenixBusiness #TechInfrastructure #ArizonaEconomy

Mixed-use developments are increasingly attracting commercial real estate investors by integrating residential, commercial, office, and entertainment spaces into cohesive environments. This diversification enhances resilience against economic fluctuations, as multiple revenue streams mitigate risks associated with single-use properties. The rising demand for live-work-play lifestyles, particularly among Millennials and Generation Z, underscores the appeal of these developments, offering convenient access to amenities without lengthy commutes. Moreover, mixed-use projects optimize land use efficiency, often yielding higher returns on investment compared to traditional single-use properties. Institutional investors and REITs are increasingly recognizing these advantages, contributing to the growing interest in mixed-use assets. As consumer preferences shift towards experiential spaces, integrating elements like dining, fitness centers, and co-working areas within these developments caters to evolving market demands. Read more about this article here: https://lnkd.in/gvmcvStY #MixedUseDevelopments #CommercialRealEstate #LiveWorkPlay #InvestmentOpportunities #UrbanRevitalization Michael Douglas, MBA, CCIM ORION Investment Real Estate Central AZ CCIM Chapter The CCIM Institute

"MERCY CENTERS DEBUTS IN GILBERT, ENHANCING MEDICAL AND RETAIL HUB WITH NEIGHBORING MERCY VISTA MEDICAL PROJECT" Gilbert, AZ – The highly anticipated Mercy Center in Gilbert has officially opened, bringing a dynamic mix of healthcare, retail, and dining to one of the fastest-growing medical corridors in Arizona. Conveniently located at Loop 202 and Val Vista Drive, this new development introduces an array of services and amenities designed to serve the surrounding community and the thriving medical sector anchored by Dignity Health Mercy Gilbert Medical Center. The Mercy Center development features premier tenants such as Over Easy, HonorHealth Urgent Care, and Black Rock Coffee, alongside additional medical and wellness-focused businesses that will enhance the convenience and accessibility of services in the area. The opening of Mercy Center underscores the growing demand for high-quality commercial and medical space in Gilbert’s medical district, an area that continues to attract top healthcare providers and businesses. Adjacent to the newly opened Mercy Center, the Mercy Vista Medical project (MercyVistaMedical.com) is poised to further strengthen Gilbert’s reputation as a premier destination for healthcare excellence. Strategically positioned near Dignity Health Mercy Gilbert Medical Center and Phoenix Children's Hospital – East Valley, Mercy Vista Medical offers state-of-the-art medical office space for lease and sale, designed to accommodate healthcare providers looking to expand in this high-growth market. With the opening of Mercy Center, we are seeing a surge of interest from healthcare providers who recognize the value of establishing a presence in this corridor. Mercy Vista Medical offers a unique opportunity for medical professionals to own or lease modern, high-quality space tailored to their needs. Mercy Vista Medical is set to deliver best-in-class medical office spaces, complete with customizable suites and easy access to major healthcare institutions. The project is expected to attract a range of healthcare specialties, from primary care to advanced surgical and specialty practices, ensuring that Gilbert continues to be a leader in medical innovation and patient care. Expanding Gilbert’s Medical and Commercial Landscape With Mercy Center now open and Mercy Vista Medical actively leasing and selling medical spaces, the synergy between these two developments is clear. Together, they create a fully integrated healthcare and retail hub, making it easier for patients, providers, and visitors to access top-tier medical services, dining, and everyday essentials in one convenient location. For more information about available medical office space at Mercy Vista Medical, visit https://lnkd.in/ggXYSY5M Michael Douglas, MBA, CCIM ORION Investment Real Estate The CCIM Institute Central AZ CCIM Chapter

Retail real estate is thriving in 2025, with record-low vacancy rates, limited new construction, and strong consumer demand for in-person shopping experiences. Investors and landlords have key opportunities to maximize value: ? Secondary Market Growth: Cities like Phoenix, Nashville, and Charlotte are seeing increased retail demand as affordability and population growth drive expansion. ? Adaptive Reuse: Struggling malls are being converted into mixed-use developments, while vacant big-box stores are repurposed for last-mile fulfillment centers. ? Data-Driven Site Selection: AI-powered analytics help retailers optimize locations based on foot traffic, demographics, and competition. ? Experiential Retail: Immersive showrooms, pop-ups, and interactive in-store experiences are driving foot traffic and customer engagement. ?? Winning Strategies: Curate a Diverse Tenant Mix: Blend national brands, local retailers, and service-oriented tenants. Invest in Property Enhancements: Improve signage, landscaping, and amenities to attract high-quality tenants. Support Omnichannel Retailing: Provide curbside pickup zones and seamless digital integrations. The evolving retail landscape presents exciting opportunities—are you positioned to take advantage? ?? Read more: https://lnkd.in/gvnrmewj #RetailRealEstate #CRE #InvestmentOpportunities #ExperientialRetail #CommercialRealEstate

?? Phoenix Retail Development is Thriving! ?? The future looks bright for Phoenix’s retail market, with strong demand, population growth, and evolving consumer trends fueling new developments. From mixed-use projects to revitalized shopping centers, retail in the Valley is adapting to meet modern needs. Discover what’s driving this momentum and what it means for investors and businesses alike. ?? Read more: https://lnkd.in/g3CmiDeQ #PhoenixRetail #CRE #RetailDevelopment #CommercialRealEstate #InvestingInCRE #RetailTrends #PhoenixGrowth #MixedUseDevelopment #RetailBoom

Despite efforts by major employers like Amazon, Google, and JPMorgan Chase to enforce stricter return-to-office (RTO) policies, national office vacancy rates reached 18.4% in late 2023, significantly higher than pre-pandemic levels. This disparity highlights the ongoing challenges in the commercial real estate sector, where hybrid work models and economic uncertainties have led companies to reassess their office space needs. In this tenant-favorable market, businesses have greater leverage to negotiate advantageous lease terms, including free rent periods, tenant improvement allowances, and shorter lease durations. Conversely, landlords and investors are prompted to adapt by modernizing properties with collaborative spaces, wellness amenities, and energy-efficient features to attract occupants. Exploring mixed-use developments or converting offices into alternative uses, such as medical offices or flexible workspaces, are strategies being employed to mitigate high vacancy rates. For tenants, this environment presents an opportunity to secure favorable lease agreements, prioritize employee experience through thoughtfully selected locations and amenities, and consider flexible work solutions like coworking spaces to maintain agility in an uncertain economy. Navigating this evolving office market landscape requires strategic planning and adaptability from both landlords and tenants to achieve long-term success. Read more about the article here: https://lnkd.in/g28j2Ni9 #CommercialRealEstate #OfficeVacancy #HybridWork #TenantNegotiations #OfficeSpaceStrategy Michael Douglas, MBA, CCIM ORION Investment Real Estate

ICRE Investment Team at InterFace Conference Group #Healthcare Real Estate West 2025! Our team had the opportunity to attend the 15th annual InterFace Healthcare Real Estate West conference in Los Angeles last week, where industry leaders discussed the latest trends shaping the future of healthcare real estate. From investment strategies and development trends to the evolving needs of healthcare providers, this event provided valuable insights into the opportunities and challenges ahead. We’ve summarized the key takeaways in our latest blog post. Check it out below. What are your thoughts on the future of healthcare real estate? Let’s discuss! #HealthcareRealEstate #CRE #MedicalOffice #ICREInvestmentTeam #InterFaceWest2025 #CommercialRealEstate InterFace Conference Group The CCIM Institute ORION Investment Real Estate

Phoenix takes the top spot as the #1 industrial market in the U.S. for 2024! With booming demand, strategic location, and strong economic growth, the Valley is solidifying its place as a powerhouse for industrial real estate. Read more about what’s driving this momentum here: https://lnkd.in/ghBB9ACi #PhoenixRealEstate #IndustrialBoom #CRE #InvestInPhoenix #EconomicGrowth #CommercialRealEstate"

The recent Phoenix Healthcare Summit shed light on pivotal trends shaping the future of healthcare real estate. A significant focus was on the expansion of ambulatory care and the transformation of medical office buildings (MOBs). Providers are increasingly converting underutilized retail spaces into healthcare facilities, offering cost-effective solutions and enhanced patient convenience. This approach, while advantageous, necessitates thorough due diligence to address structural and zoning considerations. Additionally, the rise of ambulatory surgery centers (ASCs) is notable, with projections indicating a 25% increase in development in the coming years, reflecting a shift towards decentralized, outpatient care. Collaboration emerged as a cornerstone for successful healthcare real estate projects. Engaging stakeholders—developers, designers, contractors, and healthcare providers—early in the project lifecycle ensures alignment with clinical needs and operational efficiency. Embracing flexible, modular designs allows facilities to adapt to evolving technologies and patient demands. Moreover, data-driven decision-making is optimizing space utilization and enhancing patient outcomes. As the healthcare landscape evolves, integrating technology and adhering to upcoming regulatory changes, such as the 2026 CMS regulations, will be crucial for future developments. For a deeper dive into these insights and to explore opportunities in healthcare real estate, visit the full article here: https://lnkd.in/gAFkQ24f #HealthcareRealEstate #AmbulatoryCare #MedicalOfficeBuildings #PhoenixHealthcare #RealEstateDevelopment #HealthcareInnovation #InvestingInCRE Michael Douglas, MBA, CCIM The CCIM Institute ORION Investment Real Estate Bisnow

Phoenix leads the nation in industrial real estate growth! According to AZ Big Media, Phoenix now ranks #1 among U.S. industrial markets in 2024, driven by strong demand, strategic location, and robust development activity. This growth reinforces the Valley's position as a top-tier hub for logistics, manufacturing, and innovation. What does this mean for investors and businesses? Increased opportunities, competitive positioning, and long-term value. Read more here ?? https://lnkd.in/ghBB9ACi #PhoenixRealEstate #IndustrialMarket #CREInsights #CommercialRealEstate #AZRealEstate #IndustrialGrowth #EconomicDevelopment #MarketTrends #ICRE #InvestingInCRE