Industry Insiders Archives

ULI Arizona’s ‘Shark Tank’ participants get real

Shark Tank

The Urban Land institute’s Arizona District Council is bringing together real deals and expert money in an event tailored after popular investment reality show “Shark Tank.” Entrepreneurs present real estate development proposals to a panel of ‘sharks’ (read: veteran real estate investors) and an audience of real estate professionals with hope of being awarded investment… Read More →

A look at a decade of ULI’s Trends Days


Trends Day is exactly as it sounds — and nothing as it sounds. It’s a day when thought-leaders congregate around panels, keynotes and between coffee cups about the latest trends in development. However, it’s much more than that. It’s one day a year when every decision-maker steps out of the C-suite and shares eight valuable… Read More →

Phoenix retail development makes a slow comeback


The retail land market in the Phoenix area is waking up from its nearly seven year dormancy. While sales and development for retail pads and in-fill parcels has been at an all-time high, the development of new shopping centers has remained at a stand-still – and with good reason. The housing boom and subsequent bust… Read More →

Renowned BBGM joins forces with MONOGRAM gajus

BBGM, an internationally distinguished architecture and interior design firm based in Washington D.C., announced a merger with West Coast luxury hospitality interior design firm MONOGRAM. With the joining of these two industry leaders, BBGM further positions itself at the forefront of international high-end design, while maintaining their signature client-focused approach. Since 1987, BBGM has made… Read More →

Climatec’s HVAC goes to market under a new name


Climatec’s HVAC solutions business announced it will now go to market as Varitec Solutions. The move is a result of Bosch GmbH’s acquisition of Climatec’s Building Technology Group earlier this year. As Daikin Applied’s equipment sales representative in the Arizona, New Mexico, and West Texas regions, Varitec is positioned for growth in the region and will help move Daikin one step closer to its goal of becoming the number one applied HVAC leader in North America. President and CEO Jack Kucera says the new name is a nod to the single most transformative technology he’s seen in nearly four decades. “As I looked at our business I saw more and more areas where ‘vari’ and ‘tec’ apply to so manyaspects of the solutions we bring to customers. Specifically, variable frequency drives, variable flow with both air and water, variable speed compressors, variable dimensioning, and more recently Variable Refrigerant Volume (VRV) have reshaped the industry and created opportunities for building owners and Daikin representatives,” he said. “The combined presence of ‘variable’ and advanced ‘technology’ in the HVAC business aligns with our focus and direction going forward. “We’re excited to open this next chapter of our company’s story,”… Read More →

How can marijuana initiatives affect CRE?


One of the most talked about ballot initiatives this year has been the Arizona Marijuana Legislation Initiative. If it makes it onto the ballot and is approved by voters, the possession and consumption of marijuana would be legal for people 21 years old and older. A 15-percent tax would be levied on the sale of marijuana… Read More →

U.S. office rents growing at fastest pace in 7 years fffranz

Despite the recent global volatility, tenant demand for U.S. office space remained strong in the third quarter of 2015 pushing rental rates up in three-quarters of the U.S. according to new research by Cushman & Wakefield. Preliminary data show that U.S. office markets absorbed 19.2 million square feet (msf) of office space in the third… Read More →

NAIOP Arizona’s Annual Roundtable

NAIOP 2015 Roundtable group_DSC_0974

NAIOP, a Commercial Real Estate Development Association, announced its decision to add retail to its foundation of office and industrial sector resources. This, among other topics, made it onto the table at the 2015 roundtable discussion held by leading members of the Arizona chapter. NAIOP-AZ members gather every year around a table, not necessarily a round… Read More →

Demand for Class A office space improves vacancy


Cushman & Wakefield announced that the Metro Phoenix office vacancy dropped to 18.9% in the third quarter, largely due to demand for prestigious, Class A space. The metropolitan area has added nearly 45,000 jobs in the past 12 months with almost one-third of those being office sector jobs. Demand for office space led to the overall vacancy… Read More →

NAU archaeologists document historic sites with 3D technology Kirill Cherezov

Imagine being able to look at a historical site from every angle, measure the smallest details on the interior and identify how to preserve it without ever touching it. Photogrammetry technology combines hundreds of overlapping high resolution images taken with a digital camera mounted on a pole to create a 3D color virtual model of… Read More →

NAIOP Arizona speaker sparks ‘interest’ in interest rates thodonal

Signs were there that the Federal Reserve Board was not going to raise interest rates, KC Conway told NAIOP Arizona members at a recent Market Leaders Series. Conway, a third-generation MAI and Counselor of Real Estate with SunTrust Bank in Atlanta, spoke to a standing-room only audience at the offices of Colliers International a day… Read More →

Real Estate Law Guide: Abiding Time

Business people are using smart watch

When things are good, what is there to fight about? According to some legal construction experts, not much. “Contractors are not willing to litigate any longer; They don’t want to pay attorneys to fight,” says Ed Rubacha, attorney at Jennings Haug & Cunningham. When there were disputes between contractors, people relied on the option to… Read More →

Why SRP and ASU continue to invest in Tempe

The Grand at Papago Park Center

Valley Partnership has announced the topic for its upcoming monthly breakfast on Friday, Sept. 25. This month’s program will feature a discussion on why the Salt River Project and Arizona State University continue to invest in the city of Tempe. The panel will feature John Creer, Assistant Vice President for Real Estate Development at ASU;… Read More →

AZRE Source: Sept./Oct. planning & zoning update

will bruder

City of Avondale The City of Avondale has created a $2 million fund to aid commercial and residential real estate developers offset the city’s own impact fees. The package produces a $2 million pool that developers can use to offset that cost for roads, parks, infrastructure and public safety needed for new projects. City of… Read More →