Industry Insiders Archives

NAIOP: Commercial real estate strongest since economic recovery

Commercial Real Estate Market - AZRE Magazine March/April 2011

The commercial real estate development industry grew at the strongest pace since the economic recovery began in 2011, according to an annual report on the state of the industry released today by the NAIOP Research Foundation.  The report, entitled “The Economic Impacts of Commercial Real Estate,” determined that the economic impact realized by the development… Read More →

NAIOP Arizona urges FAA to retract proposed OEI procedures

The Maricopa County Court Tower in Downtown Phoenix exceeds the OEI criteria by more than 25 feet.

The Arizona Chapter of NAIOP has urged the Federal Aviation Administration to retract the proposed One Engine Inoperative (OEI) Procedures in the Obstruction Evaluation Studies published in the Federal Register on April 28. “While  NAIOP-AZ fully supports the FAA’s role to oversee aviation safety, we oppose this proposed OEI policy, note that it does not… Read More →

Cassidy Turley releases Q2 ‘Market Snapshots’

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Cassidy Turley has released its Q2 market snapshots for Phoenix. The brokerage firm reported the following market trends: “The metro Phoenix economy continues to post positive gains, adding 24,000 net new jobs year-over-year through the second quarter 2014 with a total employment base of 1,830,000 jobs. Moody’s recently raised its employment forecast for year end… Read More →

Why more companies are coming to the Valley

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When it comes to recruiting new companies to relocate, expand or begin operations in Arizona, it’s all about “getting in the game and the closing the deal.” That was the message delivered at Valley Partnership’s June breakfast before a robust audience at the Phoenix Country Club. Christine Mackay, Economic Development Director for the City of… Read More →

Q2 Phoenix Market Report: Voit

Jennifer Farino, Voit Real Estate Services

VOIT REPORT:  PHOENIX OFFICE LEASE RATES RISE FOR THE SIXTH CONSECUTIVE QUARTER; RETAIL MARKET POSTS LOWEST VACANCY RATE SINCE 2008 By Jennifer Farino The Phoenix office market continued to convey strong signs of recovery in 2014, and marked its sixth consecutive quarter of rising lease rates.  The average asking full-service gross lease rate finished the… Read More →

Mighty McDowell: The rise, fall, rebirth of Scottsdale’s southern core

By Kelly Corsette,Communications and Public Affairs Director, City of Scottsdale   When Cox Communications scoured locations for its next generation high-speed Internet service, it sought a smart, hip, tech-savvy customer base. It selected a luxury apartment development rising immediately east of SkySong, the ASU Scottsdale Innovation Center – in the heart of Scottsdale’s McDowell Corridor.… Read More →

Phoenix retail is poised for progress

PowerPoint Presentation

The Phoenix commercial retail market continues to improve in vacancy and increased leasing activity.  Vacancy rates, once hovering near 14% have now dropped to 10.6% through the 2nd quarter of 2014.  Leasing activity of 2.6 million square feet in 2013 was the strongest recorded since before the Great Recession six years ago.  Additionally, in the… Read More →

PHX Architecture hosts summer camp

PHX Architecture Summer Camp Students

Each year PHX Architecture holds the PHX Arch Summer Camp, a two week experience for junior high school and high school students to get a feel for what a career in architecture is really like. The camp session includes all of the day-to-day activities of an architect. Students learn skills such as Space Planning, Hand… Read More →

Op-Ed: Think ‘Frozen’ this summer for your marketing efforts

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“Let it go! Let it go! Can’t hold it back anymore…” And in 11 words I have every reader doing one of two things—cringing that they will now have that song in their heads the rest of the day, or thinking of their child/grandchild singing this song with pure joy over and over and over… Read More →

ICSC RECon 2014: Retail poised for expansion

X Team booth, courtesy of Velocity Retail

The 2014 ICSC event in Las Vegas has successfully wrapped up, and initial reports are that the retail industry is poised for continued expansion. The attendance was up from last year with the attendee count reaching close to 40,000. Having experienced the last 5 years of our annual convention during the economic downturn, this year… Read More →

ICSC RECon 2014 shares what’s in store

ICSC image, Cushman Wakefield, WEB

ICSC RECon 2014 lived up to the hype of being a busy convention packed with retailers and developers looking for their next deals. More than 35,000 professionals gathered in Las Vegas to attend the show and the many cocktail parties that brokerage firms and owners host across the Strip. Common trends continued to be smaller… Read More →

Amanda Houghton discusses HTA on ‘Seeking Alpha’

Amanda Houghton on "Seeking Alpha."

Healthcare Trust of America, Inc. (HTA) announced today that Executive Vice President of Asset Management, Amanda Houghton, was interviewed by Seeking Alpha in an article published today. Ms. Houghton discussed the company’s in-house property management and leasing platform that was started in 2010 which now operates and leases over 12.6 million square feet of medical… Read More →

E-commerce opens retail channels

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It’s estimated that U.S. e-commerce sales will be $278B in 2014. By 2016, that spending will be $327B — a 62 percent increase in five years, according to Forrester, Inc. estimates. Yes, that’s a drop in the pool of the U.S. retail market (about 3 percent). However, it’s not one that brick-and-mortar retail brokers are… Read More →

RECon 2014 to address retail market trends

USA Place, the new headquarters in Tempe for USA Basketball, will feature 180,000 SF of retail – including a grocery store on this corner. Cushman & Wakefield of Arizona has the retail leasing assignment.

The good news for the Metro Phoenix retail market as 2013 ended was that net absorption topped 3 million square feet, up from 2.7 MSF in 2012. Some of that momentum has carried over as vacancy in the Valley in 1Q 2014 declined 70 basis points over the same period last year to 10.3 percent.… Read More →