From the start of the supply chain to the finished project, Albuquerque-area contractors say soaring materials costs are making it more expensive to build.

While industrial was a preferred investment vehicle prior to the pandemic, the impacts of COVID-19 have further cemented the property type's place as the favorite asset class amount investors.

“Commercial transactions are likely to pick up in the second half of 2021 and in 2022 as more people get vaccinated and more businesses open,” the NAR Q4 2020 Austin-Round Rock market report stated.

Another class A industrial park will be built along the State Highway 130 corridor after Titan Development Ltd. won zoning approval from the city of Georgetown for Gateway35 Commerce Center, set on nearly 86 acres near the intersection of the 130 toll road and I-35.

Cushman & Wakefield announced today that the commercial real estate services firm has arranged the sale of three self-storage properties located in Gilbert and Phoenix, Arizona. The final sale price was $39.5 million.

A New Mexico commercial real estate developer recently raised nearly $100 million in private equity – but not in the sector you might be picturing.

Titan Development announced that it raised $95 million in capital toward multifamily and industrial developments across the Southwest.

Watercrest Winter Park Assisted Living and Memory Care was officially welcomed to the community with a celebratory ribbon-cutting ceremony by the Winter Park Chamber of Commerce. The 107-unit, resort-style senior living community welcomed its first residents to their newly-constructed home last year in the idyllic neighborhood of Winter Park.

Positive metrics in the self-storage market are increasing demand for this asset type. As a result, three self-storage properties located at 670 Gilbert Rd. and 1965 E. Ray Rd., both in Gilbert, and 34995 N. Valley Parkway in Phoenix recently sold for $39.5 million. Barker Pacific Group acquired the properties from sellers, WDP Partners and Titan Development/TDREF I.

Austin-based AQUILA Commercial has brokered the sale of Innovation Business Park Building III, a 153,234-square-foot industrial building located at 1150 New Technology Blvd. in Hutto, located northeast of Austin. Dogwood Industrial Properties, a platform backed by TPG Real Estate Partners, purchased the asset from Titan Development for an undisclosed price.

Dogwood Industrial Properties, a platform backed by TPG Real Estate Partners, recently acquired Innovation Business Park Building III from Titan Development, the building’s developer. Terms of the transaction were not disclosed.