Tag Archives: commercial real estate
Economic Forecast: Arizona, U.S. to Show Improvement in 2012
Improvement in both the Arizona and U.S. economies can be expected next year, but full recovery is still a few years away. That’s according to experts who spoke Wednesday at the 48th Annual Economic Forecast Luncheon, co-sponsored by ASU’s W.P. Carey … Continue reading
Arizona’s Medical Marijuana Proposition Passes, But Where Will The Dispensaries Go?
Arizona voters made history again this month, narrowly approving Proposition 203, the ballot initiative allowing one medical marijuana dispensary for every 10 pharmacies in the state (which translates to about 120 statewide). Under Prop. 203, patients suffering from a wide … Continue reading
Largest Commercial Solar Rooftop System in Arizona Unveiled
Empire Power Systems this week completed the installation of an $11.5 million, 2.4 megawatt SunPower solar rooftop system on the Cowley Industrial Park building in South Phoenix. The project is the largest commercial solar rooftop system in Arizona and the … Continue reading
Tucson Office Market Sector Remains Consistent
Uncertain whether the market has bottomed out, buyers and tenants continue to be hesitant whether they should take advantage of attractive sale and lease opportunities. That’s the word on the street as the 3Q Tucson office market report was released … Continue reading
Valley Residential, Commercial Real Estate Markets Still Struggling, ASU Report Shows
Residential and commercial real estate prices in Metro Phoenix are still suffering in the rough economy, a report from the W. P. Carey School of Business at Arizona State University show. Valley home prices are going negative for the first … Continue reading
Greater Phoenix Economic Forecast 2011: “Painfully Slow”
The economy may be better in 2011 than it was in 2010, but the road to full recovery will remain long and full of potholes. But hey, it could be worse. It could be 2009. That’s according to economist Elliott … Continue reading
Arizona’s Local And Regional Banks Are Facing More Distressed RE Loans
The recent New West Era of Arizona’s fast-growth economy from 2004 through 2007 is now expansion-cycle history. Having faced the Great Recession and what Alan Greenspan called a “once-in-a-century credit tsunami,” we now plan to resume positive economic growth in … Continue reading
CEO Series: Sharon Harper
CEO Series: Sharon Harper Sharon Harper President and CEO, Plaza Companies Assess the current state of commercial real estate development in the Valley. The commercial office sector is being impacted significantly. Vacancies are on the rise, rental rates are going … Continue reading
Tax Relief For Lenders May Help Commercial Real Estate Borrowers
The credit crunch is severely reducing the availability of financing and refinancing for commercial real estate. Many borrowers with loans maturing in the next few years, who originally expected to refinance their commercial mortgage loans before maturity, are now concerned … Continue reading
The Economic Recovery Begins In 2009, But It Will Be Slow Going
The national and state economies are expected to start feeling the effects of a recovery during the last quarter of 2009. However, the recovery over the next year will be slow, with unemployment continuing to rise and economic growth anemic … Continue reading
Arizona Business Magazine Celebrates Its 25th Anniversary
An important lesson in the launch of any business or new product is to learn everything you can about your target consumer, and that’s exactly what Mike Atkinson did when he bought the Office Guide to Phoenix 25 years ago. … Continue reading
Best of the Best Awards 2009: Real Estate Commercial
Real Estate Commercial Honoree: Brokerage Firms: 25 brokers or more CB Richard Ellis CB Richard Ellis has been serving clients in Arizona for more than 55 years, becoming a dominant player in the state’s commercial real estate market. From leasing, … Continue reading
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