Industry Insiders Archives

Keyser launches new Business Advisory Services

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Keyser, an innovative Commercial Real Estate and Business Advisory Firm providing global services to corporate users of space, has announced that Michael Maynard and Eric Herrera have joined their growing team to launch Keyser’s New Business Advisory Services Division. “I am very pleased to be able to welcome Mike and Eric to the team,” stated… Read More →

AZRE Forum enlists industry leaders for panels

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AZ Big Media is hosting prominent Arizona commercial real estate professionals at its inaugural AZRE Forum, a mid-year industry update and forecast. “AZRE is the leading commercial real estate magazine in the Valley,” says editor Amanda Ventura. “The AZRE Forum is a new way for AZ Big Media and AZRE to reach its readership and… Read More →

Op-Ed: Crowdfunding, bubbles, donuts and Millennials

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By Steve Sadler, CEO, Allegiancy A quick question: What’s the connection between bubbles, donuts, Millennials living at home with their parents and a new crowdfunding model recently approved by the Securities Exchange Commission? You’re probably stumped. The first part of the answer lies in an alarming trend affecting an entire generation of Americans that has… Read More →

JLL 2015 Skyline: Not Everyone Gets a Trophy

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There’s no space like Trophy space. The premiere office towers that make up Phoenix’s skyline boast—by far—the most expensive office space to rent, garnering asking rents that are 33.5 percent higher than non-Trophy space, according to JLL’s 2015 Digital Skyline. Average Phoenix Trophy rates in the first quarter of 2015 were $26.53 per square foot, compared to $19.87… Read More →

Op Ed: An Arizona’s Landlord’s Duty to Mitigate Damages

123rf.com: Tim Wege

By: Nancy Swift, Special for AZRE In Arizona, a commercial landlord has a duty to mitigate its damages after a tenant abandons the premises. This obligation requires the landlord to take reasonable steps to put in place a replacement tenant as soon as possible so that its damages cease to accrue, or at least are… Read More →

Progrexion to add 450 employees at Black Canyon Commerce

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June 6, 2015 by in AZRE Magazine | Industry Insiders

CBRE has negotiated a 62,771-square-foot office lease at Black Canyon Commerce Park located at 2133 W. Peoria Avenue in Phoenix. The building is now 100 percent leased to Progrexion, a technology enabled consumer service business that provides a suite of credit repair services. Currently, Progrexion occupies approximately 60,000 square feet in the I-17 corridor submarket.… Read More →

Valley Partnership on conquering the hill

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Valley Partnership defines itself as an advocacy organization with responsible development at its core. Behind the organization’s educational Friday Morning Breakfasts, networking mixers, fundraisers and annual community project, Valley Partnership has three committees that work year-round on the organization’s advocacy efforts on a federal, state and cities/county issues. “Keeping with Valley Partnership’s focus on supporting… Read More →

Valley Partnership counts its legislative wins

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By Cheryl Lombard, CEO and president of Valley Partnership Federal: VP’s role: –Provided a forum for a continuing and constructive dialogue between federal congressional representatives and the development community with our monthly meetings. Provided formal comments on the EPA’s Waters of the U.S. Rule (“WOTUS”) and it potential damage to Arizona’s economic vitality. –As a… Read More →

The changing face of development: Cheryl Lombard

Cheryl Lombard, Photo by Mike Mertes for AZ Big Media

If Valley Partnership is the voice of responsible development in the Valley, new CEO and President Cheryl Lombard is expected to be the deep breath behind it.  In mid-March, she transitioned from being director of government relations at The Nature Conservancy in Arizona to the leader of Valley Partnership. “We were looking for a transformative… Read More →

Court decision changes subcontractor, supplier practice on public projects

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By D. Kim Lough, Special to AZ Big Media Sub-subcontractors and suppliers working on public projects in Arizona are now required to serve preliminary 20-day notices for asserting a bond claim by registered or certified mail. A recent Arizona Court of Appeals (Division 2) opinion changed the requirement of this common practice, which previously assumed… Read More →

Arizona becomes a top state for green building

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Arizona real estate is LEED-ing the way, breaking into the Top 10 in the nation for the most projects per capita certified LEED for its green building initiative. LEED, Leadership in Energy and Environmental Design, is a green building certification program where projects satisfy prerequisites and earn points to achieve different levels of certification. The… Read More →

Technology carries real estate through healthcare changes

A nurse sits at the iCare ICU Program at Banner Desert in Mesa.

A patient sits in the ICU at Banner Health’s Fairbanks Memorial Hospital in Alaska. It’s late, many of the staff have gone home. He watches the glowing blinks of the machines monitoring his vital signs lighting the room in little blue and green bursts. Suddenly, a nurse is beckoned to his bedside by an abnormal… Read More →

Shaming building owners is not productive

123RF.com; alphaspirit

By Tim Lawless, President, NAIOP Arizona This column was published in the May/June 2015 issue of AZRE. In January, the City of Phoenix considered a draft ordinance that mandates owners of buildings more than 50KSF had to report their energy usage on a government website or face a Class 1 misdemeanor and minimum $500 fine… Read More →

Project News: May 2015-June 2015

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UP AND UP Sundt Construction has been selected as the construction manager at risk for Tucson Airport’s terminal upgrade beginning in late 2015. The construction budget is between $18M and $23M. Chandler gets its wings Chandler approved a 50-year ground lease with WingSpan Aviation Center at Chandler Municipal Airport. The first phase of the project… Read More →