Chandler airpark growth flying to new heights

Courtesy of Maria Polletta The Republic | azcentral.com Mon Dec 3, 2012 When the recession slammed the Valley in 2008, Chandler’s municipal airport was not spared. “The Airpark Area — a 9-square-mile employment corridor anchored by the airport — was hit hardest by the...

Pump Up the Bottom Line

With rents falling, tighter spending is the only way to grow a building’s NOI. By Mariwyn Evans | June 2010 Courtesy of Realtor® Mag Want to boost the value of your client’s building? Two words: Cut expenses.   “During economic upturns, owners forget...

Real Estate Syndicates

California Department of Real Estate REAL ESTATE SYNDICATION Real estate syndication offers the opportunity to channel private savings into real estate investments for which other financing is not available. It has been a popular method of financing the purchase and...

Sign of the times: Strips malls up for auction

by Colin Smith/KTAR April 25th, 2011 In the south Valley, four foreclosed strip malls are being auctioned off online — a symbol of the struggling commercial real estate market. At the Queen Creek Village, only five of the original 29 stores are still open for...

Apartment Vacancies Decline, Rents Expected to Rise

By DAWN WOTAPKA Vacancy in apartment buildings fell to the lowest rate in more than two years in the first quarter, setting the stage for fewer choices and higher rent for tenants. With the economy adding jobs, and with more people choosing to rent instead of buy...

Office-Space Occupancy on the Rise

courtesy of the Wall Street Journal By A.D. PRUITT The amount of occupied office space in the U.S. continued to inch higher during the first quarter of 2011 as businesses slowly began to expand. Average effective rents, which include such benefits as free rent and...

Commercial, Multifamily Markets On The Mend

Courtesy of Mortgage Orb The commercial and multifamily markets are healing, the Mortgage Bankers Association (MBA) reports in its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the fourth quarter of 2010. Improved property fundamentals, modest...

Lexington Hotel set to get face-lift

by Megan Neighbor – Feb. 11, 2011 The Arizona Republic A new ownership group targeting a higher-end customer and the arts community plans to begin a $15 million to $20 million renovation of Central Phoenix’s Lexington Hotel by midsummer. Among the myriad...

Plan for apartment complex clears hurdle

by Edward Gately – Feb. 5, 2011 The Arizona Republic Gray Development Group’s scaled-down proposal for its Blue Sky luxury apartment complex east of Scottsdale Fashion Square cleared the first of three hurdles Thursday with a unanimous favorable...