Industry Insiders Archives

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 →

Chandler Regional Medical receives national DBIA award

Dignity Health

Kitchell and design-build partner Orcutt | Winslow recently received a highly coveted National Design-Build Project/Team Award from the Design-Build Institute of America for the team’s extraordinary work on Dignity Health Chandler Regional Medical Center’s new tower in Chandler, Ariz. Recognized for exemplary collaboration and integration in design-build project delivery, Chandler Regional is one of only… Read More →

Drones prepare to take flight in retail facility management


Unmanned Aerial Systems (UAS) also known as drones have captured everyone’s attention. They have been spotted virtually everywhere in recent months. wants to use drones to deliver packages, realtors want to use them to shoot property photos and numerous other industries are considering drone applications. Even the Professional Retail Store Maintenance Association (PRSM), the authority on… Read More →

AMA: HUD-sight is 20/20


There’s an opening for a high school biology teacher. Hundreds of applications come in for the job, equally split between male and female candidates. Then, the school decides to combine the teaching role with coaching the high school varsity football squad. Suddenly, there’s a huge shift in gender availability and interest in what was originally… Read More →

Legislative Update: digging deep for water

Colorado River Lake Meade

By Cheryl L. Lombard, President and CEO of Valley Partnership   A balanced compromise has been found with Mayor Mark Mitchell and the Tempe City Council to remove street car from the city’s final development impact program. In the July/August Legislative Update, Valley Partnership mentioned our concern of street car being included in the final program.… Read More →

AZRE Source: Commercial land may go up in ‘smoke’

smoke signals 2_21634750_xxl

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… Read More →

The foreclosable future of commercial real estate

Floreclosable Future_6738120_xl

Paul Weiser, shareholder and co-chair of Buchalter Nemer, uses the term “blend and extend” to describe the attitude between landlords and tenants during the recession. This is the dark side of being a tenant-landlord lawyer, he says. This robbed many landlords of their ability to part with tenants who couldn’t afford to pay the full… Read More →

NAIOP retails it like it is

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NAIOP, a commerical real estate development group, has historically focused on industrial and office sectors. However, the national organization is extending its membership benefits to more obviously include retail developers and similar commercial professionals. “The organization really started shifting gears more than 10 years ago,” says Thomas Bisacquino, CEO of NAIOP. “It was in 2005… Read More →

ABA Member Spotlight: Marty Hedlund

Photo by Robin Sendele, Az Big Media

Marty Hedlund Sr. vice president and Southwest district manager, Sundt Construction, Inc. Years in construction: 32 Years at Sundt: 31 Years as an ABA member: Since the beginning! Sundt was involved in the merging of AGC Building Chapter and the ABC organization into the ABA. Role at Sundt: I lead about 100 talented employee owners… Read More →