by Bryan Watkins | May 24, 2023
When investing in real estate, one of the essential steps before finalizing a transaction is the due diligence period. This period allows prospective buyers to inspect the property thoroughly and verify all related information, ensuring that their investment is a...
by Bryan Watkins | May 22, 2023
The International Council of Shopping Centers (ICSC) has their big real estate convention this year in Las Vegas this week. This is a 2-3 day event where dealmakers and industry experts gather to discuss retail trends and news. You can find the ICSC Mission which...
by Bryan Watkins | May 21, 2023
In the realm of real estate transactions, particularly for commercial properties, understanding the environmental condition of a property is paramount. Two essential tools used in evaluating potential environmental risks are the Phase 1 and Phase 2 Environmental Site...
by Bryan Watkins | May 21, 2023
When dealing with commercial real estate transactions, one key document that often comes into play is the Phase 1 Environmental Site Assessment (ESA) report. This comprehensive review provides crucial insights into a property’s environmental condition, which can...
by Bryan Watkins | May 12, 2023
Commercial real estate brokerage is a dynamic, lucrative field that offers numerous opportunities for growth and success. If you’re keen on becoming a successful commercial real estate broker or boosting your current performance, this article will reveal the...
by Bryan Watkins | May 11, 2023
Discover the concept of highest and best use in real estate. Learn how it influences property value and decision-making, and why it’s crucial for maximizing returns on investments. Introduction In the dynamic world of real estate, maximizing the value of a...
by Bryan Watkins | May 11, 2023
Unsure whether to buy or sell your commercial real estate property? Read this article for essential factors to consider in making an informed decision. Expert insights and guidance will help you navigate the current market conditions. Discover the best course of...
by Bryan Watkins | May 11, 2023
Introduction Investing in real estate along the Phoenix light rail system offers numerous advantages for savvy investors. With its convenient connectivity, rising property values, economic development opportunities, and enhanced lifestyle amenities, this thriving...
by Bryan Watkins | Mar 22, 2023
Lookng for a new restaurant business opportunity? LRA Real Estate (LRA Commercial) is proud to present a new Buy or Lease opportunity to the commercial marketplace. This renovated restaurant property is For Sale or For Lease. The owner is currently operating Cafe...
by Bryan Watkins | Mar 22, 2023
LRA Real Estate (also LRA Commercial) just completed a lease. Passon Behvior Health expands operations in Tempe Who is Passion Behavioral Health? What we do ‘Passion BHC offers professional and personable counseling services. We meet you...
by Bryan Watkins | Mar 22, 2023
LRA Real Estate (or LRA Commercial) has just leased a 1-acre vacant land parcel to Mesa RV & Boat Storage. This site is located at 8751 E Main St, Mesa AZ. The Tenant signed for multiple years on this location. The value of this parcel is the full acre, situated...
by Bryan Watkins | Apr 21, 2020
Instead of Catering to Travelers, Many Now Serve Locals By Stephanie Ricca Hotel News Now, April 15, 2020 | 10:12 A.M Courtesy of Costar.com While the coronavirus pandemic is shutting down many hotels completely, some hoteliers are finding revenue, marketing and even...
by LRA Real Estate Group | Jul 7, 2018
Considering a ‘Seller Carryback loan’, or ‘Seller Financing’? We have helped set up dozens of commercial ‘Seller Carryback’ loans in the past few years. This is my approach to the question of how to present a proposal and get it...
by LRA Real Estate Group | Jul 7, 2018
An analysis on July 1, 2018 shows that LRA Real Estate maintains the Top Spot in commercial property listings along the light rail corridor. This is based on the # of commercial listings on the Costar database. This statistic shows the commitment of the real...
by LRA Real Estate Group | Mar 27, 2018
Finding the right place to live can be tricky. You may want something close to your work. You may like the ability to run errands and have easy access to the airport. The townhomes at Main Street Station offer it all. Not only do they have quick access to Hwy 60,...
by LRA Real Estate Group | Dec 12, 2017
Which Real Estate Company has the largest number of properties For Sale along the light rail corridor? LRA Real Estate Group retains the Top Broker position with almost 20% of the available commercial listings according to the Costar database, December 12,...
by LRA Real Estate Group | Oct 4, 2014
courtesy of the Arizona Republic USA Place will include an Omni Hotel and conference center along University Drive, office and retail space along Mill Avenue, with apartments and more retail and restaurant space in the interior of the project. The south end of the...
by LRA Real Estate Group | Sep 25, 2014
courtesy on MHN online, By Amalia Otet, Associate Editor Includes a 5-building campus anchored by State Farm Ryan Companies US, Inc., and Sunbelt Holdings have joined forces for what would be the biggest office development deal in Arizona history. The team is eyeing a...
by LRA Real Estate Group | Aug 28, 2014
Hayley RingleReporter- Aug 28, 2014Phoenix Business Journal The Phoenix metro area has the most active leasing market and the second largest multi-tenant data center market in the country, according to a new report. CBRE’s Data Center Solutions Group’s quarterly,...
by LRA Real Estate Group | Aug 28, 2014
courtesy of Mike SunnucksSenior Reporter-Phoenix Business Journal – Aug 28, 2014 Apartment developer P.B. Bell Cos. andDavis Enterprises LLC have been picked to redevelop the city-owned Barrister Place building in downtown Phoenix. Davis and Bell are looking at...
by LRA Real Estate Group | Dec 6, 2012
Shift Among Apt. Renters from Suburbs to CBD Paying Dividends for Landlords and Investors courtesy of Costar, By Randyl Drummer December 5, 2012 Stubbornly high gas prices and gridlocked freeways have compelled younger workers and retiring Baby Boomers to rethink the...
by LRA Real Estate Group | Dec 6, 2012
Whether Fad or Fundamental, Major Firms such as Blackstone, Colony Financial Continue to Embrace Single-Family Rental Market courtesy of Costar, By Mark Heschmeyer December 5, 2012 One of the most significant real estate investment trends of 2012 has been the...
by LRA Real Estate Group | Dec 3, 2012
courtesy of NAR: Media Contact: Walter Molony / 202-383-1177 WASHINGTON (November 26, 2012) – Most of the major commercial real estate sectors show gradually improving fundamentals and are easily absorbing the relatively small amount of new space that is coming...
by LRA Real Estate Group | Dec 3, 2012
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...
by LRA Real Estate Group | Jun 13, 2011
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...
by LRA Real Estate Group | Jun 13, 2011
Navigating the loan maze isn’t easy. Here are some helpful tips so you can educate your borrowers about the process. If your clients are still approaching borrowing like it was 2006, you need to educate them about today’s realities, says Joe Scorese, a...
by LRA Real Estate Group | May 29, 2011
by Emily Gersema – May. 22, 2011 The Arizona Republic It’s been about a year since the first tenant opened in downtown development CityScape, and if all goes as planned, RED Development expects its 1.8 million-square-foot office and retail project to be...
by LRA Real Estate Group | May 22, 2011
Trendy spots thrive, but fall of neighborhood malls worries some 5 comments by J. Craig Anderson – May. 19, 2011 The Arizona Republic To the owners and operators of Phoenix-area employment and shopping centers, economic recovery is likely to appear not as a...
by LRA Real Estate Group | Apr 29, 2011
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...
by LRA Real Estate Group | Apr 29, 2011
Emily Gersema – Apr. 27, 2011 The Arizona Republic The growing for-profit Phoenix School of Law is moving downtown this year into bigger digs at the Tower at One North Central near Washington Street, providing more potential customers for downtown businesses and...
by LRA Real Estate Group | Apr 29, 2011
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...
by LRA Real Estate Group | Apr 16, 2011
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...
by LRA Real Estate Group | Apr 5, 2011
April 05, 2011, 12:08 AM EDT By Hui-yong Yu April 5 (Bloomberg) — Office vacancies in the U.S. dropped for the first time in more than three years in the most recent quarter and rents climbed, signaling the market is beginning a recovery as the economy improves....
by LRA Real Estate Group | Apr 5, 2011
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...
by LRA Real Estate Group | Apr 5, 2011
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...
by LRA Real Estate Group | Feb 12, 2011
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...
by LRA Real Estate Group | Feb 8, 2011
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...
