Industry Insiders Archives

Op-Ed: Read this before locking out a commercial tenant

123rf.com, tatiana53

Most commercial landlords and property managers are aware that, in Arizona, if a commercial property tenant neglects or refuses to pay rent and is in arrears for more than five days, or if a tenant violates another provision of the lease, under certain conditions and circumstances, Arizona law allows the landlord the option to reenter… Read More →

NAIOP-AZ release year-end report

Photo of Thursday Night Live, courtesy of NAIOP

From philanthropy to tackling key issues affecting the industry to education and networking, NAIOP Arizona reports that its more than 700 members closed out a successful 2014. Events such as Night at the Fights, the new Signature Speaker Series, Thursday Night Live, the quarterly Market Leaders Series and the golf tournament attracted more than 3,500… Read More →

ViaWest Group expands business with TWR Company

123RF.com, Copyright: valeriylebedev

ViaWest Group announced the expansion of its company through an affiliation with TWR Company, which is operated by Tom Richards. ViaWest has been one of the fastest growing real estate investment companies in the Valley over the last few years with more than $200M of acquisitions. TWR Company is a boutique, commercial real estate, investment… Read More →

Valley Partnership seeks new president and CEO

vplogo

Valley Partnership announced Friday that Richard Hubbard stepped down from his eight-year post as president and CEO of the advocacy group. The terms of Hubbard’s resignation are effective immediately, said Cecilia Riviere, Director of Partner Services for Valley Partnership. There will be no acting president and CEO while a subcommittee of board members select Hubbard’s… Read More →

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 →