In the News—Week of March 30, 2026
Deal of the Week
Thomas Title & Escrow, LLC successfully closed the sale of a multi-tenant commercial property located at 20820 & 20830 N 25th Place in Phoenix, Arizona. The transaction totaled $5.37 million, reflecting continued investor demand for stabilized, income-producing assets in the North Phoenix submarket. The deal was expertly managed by Escrow Officer Joel Montemayor, and support from Title Officer Teri Guevara and the Thomas Title team. The transaction also included a 1031 Exchange and required coordination across multiple buyer entities, attorneys, and a lender, adding layers of complexity throughout the process. With detailed execution and strong collaboration among all parties, the team delivered a smooth and successful closing from start to finish—once again demonstrating Thomas Title & Escrow’s ability to handle complex commercial transactions at a high level.
National
Mix and match: Property owner wants to put residences near state crime lab
Nothing goes together like a crime lab and homes, Hoodline reports. Massachusetts plans to build a high-security State Police crime lab in Marlborough. Meanwhile, the property owner is exploring adding housing on parts of the office-park campus. The police project is set up as a long-term, build-to-suit lease for a roughly 200,000-square-foot, four-story building. Construction is to begin this year with the facility opening in early 2028. The property owner, Greatland Realty Partners, is studying how far it can go with residential conversions and new buildings on the site. Local officials will have to sort out if the housing plan is viable and desirable.
National
Failed flip: Epstein put money in just one deal Clinton pal offered—and it went bad
Jeffrey Epstein had a long relationship with disbarred attorney Paul Prosperi, who in turn had a long history of legal trouble and ties to Bill Clinton, The Real Deal reports. Emails and files released by the federal government show Prosperi pitched Epstein on multiple deals in Palm Beach, Florida real estate. Here’s a feel-good moment: Records document that Epstein ultimately put money in only one deal — and it blew up in his face. Epstein financed a 2014 purchase of a lakefront house for about $5 million. What was supposed to be a quick renovation-and-resale dragged on for roughly two years. Files show Epstein complained about the property’s condition, calling it “a pig sty,” and slow buyer interest as different brokers took the listing. The home sold in 2016 for $5.6 million, but, after additional costs, the partners appear to have lost money. Prosperi died shortly before the closing, leaving significant debts behind and complicating matters.
National
Combined value of 20 largest office buildings in Portland drops by two-thirds
Portland, Oregon’s 20 biggest office buildings have seen their combined market value plunge since 2019, dropping from about $3 billion to under $1 billion, KATU reports. Figures from Multnomah County show the properties had a combined market value of $3 billion in 2019, compared to $986 million now. The decline is squeezing local budgets because taxable values and expected property tax growth have fallen, forcing cities and schools to plan for major gaps. Officials say a surge in valuation appeals by commercial property owners is adding to the hit, sometimes leading to refunds and years-long disputes. Economists do not expect a fast rebound and now anticipate at least another year of weakening downtown office value.
National
Colorado ready to sell Broncos land for stadium, development at a loss
The NFL Denver Broncos are poised to purchase Burnham Yard, the planned site of the team’s new stadium and other development, for about $45.8 million, Denverite reports. Colorado would take a loss because it bought the 58-acre site for $50 million in 2021, though the sale would still cover the state’s outstanding loan. Public agencies already have committed major additional spending to support access and infrastructure around the site, including a state-funded rail-related deal and a city plan to rebuild nearby viaducts. Permitting could begin in 2027, with an opening target around the 2031 season.
Arizona
BPR begins construction on Commerce 303 as industrial space remains in high demand
BPR Companies has started construction on Commerce 303, a roughly 500,000-square-foot speculative warehouse in Glendale’s fast-growing industrial area, AZ Big Media reports. The site spans about 70 acres near 15600 W. Camelback Road, positioned to support increasing logistics and distribution demand in the West Valley. Plans call for modern specs such as 40-foot clear heights, tilt-up concrete walls and a hybrid roof system aimed at flexible, high-efficiency operations. “Glendale continues to grow as companies see more opportunities in our city,” Glendale Mayor Jerry P. Weiers says. “Projects like this help meet growing demand for modern logistics and distribution space in our region, while keeping our city moving forward and attractive to companies looking to relocate their business.”
Arizona
Topping off for Falcon Field project that will add office space, 12 hangars
Primak Construction Group has completed the “topping off” phase for all four buildings at the Falcon 12 aviation development at Falcon Field Airport in Mesa, AZ Big Media reports. The project spans about 68,500 square feet across 4 acres and will provide 12 aircraft hangars for lease, plus a building that includes roughly 7,400 square feet of office space. Primak and its development partner, DKS Properties, expects to keep work moving toward a summer completion while maintaining the site’s historic character and supporting airport growth.
