Industry Insiders Archives

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 →

AZRE Source: Planning & Zoning Update

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State of Arizona The Arizona Legislature is considering a measure to keep certain affordable housing rules from coming to Arizona via a statewide prohibition. Senate Bill 1072, a so-called “inclusionary zoning” ordinance being used in some other states, would ban cities from requiring developers to provide a certain percentage of new or refurbished units for… Read More →

2 Arizona healthcare projects bring contractors together

Banner University Medical Center Tucson, Courtesy Shepley-Bulfinch

If you want to build it, they will come. Healthcare contractors have been champing at the bit for the last year in anticipation of two major hospital projects in Arizona. In November 2014, Prop 480 passed, which would enable a replacement of the largest clinical teaching hospital in Maricopa County, Maricopa Integrated Health Systems (MIHS),… Read More →

Population growth to drive healthcare demand

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THE BROADER VIEW The Greater Phoenix medical office market is being supported by demographic factors, with the expanding local population base fueling demand for healthcare services. These trends should continue in the years ahead, following a lull brought on by the recession. While the long-term sources of demand are in place, the healthcare industry continues… Read More →

Colliers: Scottsdale Airpark report details steady growth

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James Keeley, SIOR, CCIM, founding partner and managing broker at Colliers International’s Scottsdale office recently released a 2030 Report for the Greater Scottsdale Airpark detailing commercial market changes in the past 30 years to the present. The Greater Scottsdale Airpark has seen continued growth between 1981 and 2014 in the areas of available square footage… Read More →

Office market poised for near term growth

Office Market

The economic environment over the next three years will be the best for the office real estate sector in more than a decade, according to Cushman & Wakefield’s 2015-2017 U.S. Office Review & Forecast, released today. In fact, the commercial real estate services firm anticipates that the combination of rising employment and incomes, strong consumer… Read More →

Rents spike as vacancy continues to tighten

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Market report supplied by Colliers International THE BROADER VIEW The Greater Phoenix multifamily market continued to ride a wave of momentum to start 2015. Robust renter demand for units fueled another vacancy improvement, rents surged and sales prices posted additional gains. Healthy employment growth is the driving force behind renter demand, and the new units… Read More →

Employment gains drive Tucson multifamily market

Arizona's Unemployment Rate Drops in October 2010

Market report supplied by Colliers International   THE BROADER VIEW The Tucson multifamily market got off to a strong start in 2015. Momentum from the end of last year has carried over into 2015, with vacancy improving, rents ticking higher and healthy levels of net absorption. The vacancy and rent trends are the surest signs… Read More →

Muzzling noise is more critical when building above babies

Courtesy of Kitchell

By David Cottle, Phoenix Children’s Hospital, and Aron Kirch, Kitchell | Special to AZ Big Media Noise, vibrations, dust and other disruptions are always a concern during hospital construction but never more sensitive than when the youngest, most vulnerable patients are a mere 5.5 inches away on the floor below. This is what’s happening right… Read More →

Designated Drivers: Design Guides Corporate Real Estate

The Circuit Tempe will feature indoor and outdoor spaces designed for efficiency, density and collaboration.

Americans between the ages of 25 and 54 spend nearly nine hours a day at work or on related activities, according to the most recent Bureau of Labor Statistics’ “American Time Use Survey.” With 260 potential work days (or 2,340 hours) in a year, that’s a lot of time spent in the office. Leisure activities,… Read More →

Raise the Roof

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Clear heights are soaring on average to about 32 feet among new industrial builds, be it speculative or build-to-suit projects. Some are even climbing as high as 36 or 40 feet. An extra four feet can increase a tenant’s pallet position, assuming it’s the average 64-inch pallet load, by about 20 percent without changing the… Read More →

Quantifying the Property Manager

Camelback Square, WEB

An atrium’s high-reaching archway floods with sun throughout the day, but after the sun sets, lights installed along the ceiling kick on. Over time, those lights’ bulbs will burn out and it’ll fall on a CPM such as Alisa Timm, director of management services at Lincoln Property Company, to figure out how to change those… Read More →