Industry Insiders Archives

Put your marketing strategy on a wait-loss plan

123RF.com, everythingpossible

As we move tremendously close to 2015, most firms are in the midst of planning. And this planning is getting much more exciting for many as the key indicators of the economy are generally improving. I will recap the many strategic planning sessions I have participated in over the last six-plus difficult economic years…”We are… Read More →

Metro Phoenix Land and Housing Forecast examines ‘refined opportunity’

Land Advisors, WEB

While the industry has experienced sub-par housing activity over the past 11 months, the anticipated pace of growth going forward depends on a few factors, not the least of which is credit and qualification conditions, household formation, employment growth, the cost of new construction and outsiders’ perceptions of the local market. What are the expectations… Read More →

Kirk McClure named to Luke AFB Honorary Commander program

Kirk McClure being named an honorary member of the Luke Air Force Base commander program with Lt. Col Matt Warner, Commander of the 310th Fighter Squadron.

Kirk McClure, Director of Business Development for McCarthy Building Companies, was recently named to the Luke Air Force Base Honorary Commander program. The Honorary Commander program at Luke Air Force Base allows members of the community to understand the importance of Luke, the Air Force and Department of Defense military mission. It represents a two-year commitment. Additionally,… Read More →

Think before you ink a commercial lease

lease

By J. Phillip Glasscock, CPA and Attorney at Law If you are a commercial tenant, your business premises lease might represent your highest monthly expense and your longest business commitment. Before signing a commercial lease, a thoughtful exercise in “due diligence” can help protect you from getting burned. Here are some basic “dos and don’ts”… Read More →

Multifamily lending update: Quality over quantity

Silhouette of man with money

By Charlie Williams, Senior vice president, Berkadia   What do developers and investors have to be able to show lenders to improve their odds of getting financed? It is important that the major aspects of the developer’s business plan are viable and supportable. Lenders are not interested in relying on any assumption of a home run… Read More →

Valley Partnership raises donations to the tune of $8,000

The finale was a version of “Hey Jealousy,” made famous by the Tempe-based Gin Blossoms. Scott Johnson (center) of Honeygirl is a member of the Gin Blossoms. Ty Lusk (right) also played on the final number.

Valley Partnership’s inaugural Rock For A Cause benefit concert raised more than $8,000 to purchase outdoor musical instruments for 2014 Community Project recipient Arizona Foundation for the Handicapped (AFH). The concert at the Monarch Theatre in Downtown Phoenix drew an estimated crowd of 300. More than 250 tickets were sold in advance. A total of… Read More →

The value-add play in Phoenix’s multifamily market

Fiesta Park

By:  Steve Jaffe, Executive Vice President and General Counsel, BH Properties   During the most recent Great Recession, Phoenix saw property values drastically decrease and apartment owners lose tenants due to lost jobs. The domino effect resulted in owners dropping rents to maintain occupancy, which, in turn, caused them to lose out on money they would… Read More →

McCarthy named provider for Mohave Educational Services Cooperative

PHOTO BY: Risk Management | Monitor

McCarthy Building Companies was recently named as an approved general contracting services provider to the Mohave Educational Services Cooperative Inc., which will benefit its more than 430 public agencies and nonprofit entity members across the state for up to the next five years. “McCarthy’s JOC team is pleased to bring proven construction solutions to Mohave members’… Read More →

Catellus Development selected as developer for 330-acre ASU project

The 300 acres of land that will become part of the ASU Athletic Facilities District. Photo courtesy of ASU

Arizona State University today announced its selection of Catellus Development Corporation as master developer for the ASU Athletic Facilities District, a unique mixed-use development on 330 acres at the northeast end of the ASU’s Tempe Campus. The District, envisioned as a model for creative urban neighborhood design and sustainable development, will be enlivened by its… Read More →

Two Sundt executives announce retirement

Sundt General Counsel Randy Nye

Sundt Construction, Inc. announced today that Sundt General Counsel Randy Nye and Corporate Director of Administration Richard Condit retired effective Sept. 30, 2014. Both Nye and Condit’s decisions to retire culminates two remarkable careers that span over 30 years of combined service to the company and its stakeholders, including clients and employee-owners. Condit joined Sundt… Read More →

Local entreprenuers form environmental consulting firm

Earthworks

Entrepreneurs Cherie Koester and Jana Baldwin have partnered to form Earthworks Environmental, LLC, an environmental consulting business in Metro Phoenix. With both serving as principals of the firm, Koester and Baldwin bring more than 16 years of combined regulatory and industrial experience in Storm Water Pollution Prevention (SWPPP), dust control and construction safety compliance. Earthworks Environmental… Read More →

NAIOP Arizona announces opposition to Prop 480

Arizona Health Care Cuts, AHCCCS

The NAIOP Arizona board of directors has unanimously opposed Prop 480, an item on the Nov. 4 general election ballot that asks Maricopa County voters to approve a $1.4 billion general obligation bond over 27 years for the Maricopa Integrated Health System (MIHS). If passed, Prop 480 would be the third largest bond issuance in… Read More →

Colliers International hires first mission critical data center expert

data center to be built in price corridor in chandler

Colliers International in Greater Phoenix has hired Michael Ortiz, its first mission critical and data center expert, to help capture the data center construction market which is expected to boom to $20 billion in the U.S. and $80 billion globally by 2020, according to a 2011 Data Center Knowledge article. Construction for data centers, the… Read More →

Vestar celebrates 25th anniversary

rsz_tempe-marketplace-01

Vestar, the largest privately held retail developer in the western US, is celebrating 25 years of creating and managing shopping and entertainment destinations. Today, Vestar owns and operates more than 23MSF of retail property located across several western states. The company’s most noteworthy projects include Desert Ridge Marketplace, the award winning 1.2 million square foot… Read More →