Investment Archives

Phoenix real estate investment market picks up after slow start

by in AZRE Magazine | Investment

The Greater Phoenix real estate investment market started the year slow, but reversed course during second quarter.  The most recent three months posted more property sales, higher prices and compressed cap rates, according to a report released by Colliers International in Greater Phoenix.  The full real estate investment report can be read by clicking Here.… Read More →

Caliber opens $100 million commercial real estate fund

Chris Loeffler
by in AZRE Magazine | Investment

Caliber – The Wealth Development Company today announced the launch of a $100 Million real estate fund, the Caliber Diversified Opportunity Fund II, LP (the “Fund”). The Fund will invest in “middle market” U.S. commercial real estate assets that can deliver attractive risk-adjusted return through a combination of current income and capital appreciation, following a… Read More →

2017 Tax reform: The potential end for 1031 exchanges

Section 1031 (§1031) of the Internal Revenue Code has encouraged investment, created jobs and stimulated the United States economy for almost 100 years by permitting tax deferral on the like-kind exchange of business and real estate assets. Despite the extensive use of §1031 exchanges in the real estate and aircraft industries, there has been a… Read More →

Cost/utilization modeling: A tool for improving your bottom line

Arizona Green Jobs Increase

For many companies, real estate constitutes a large portion of the company’s assets, liabilities, expenses or perhaps all three. Additionally, whether through organic growth, piece-meal acquisitions, or simply an intense focus on the company’s core business, the company may find itself with a hodge-podge collection of real estate holdings that has little financial, functional or… Read More →

Market upside helps JLL sell Phoenix Logistics Center

Strong market performance and continued confidence in Phoenix’s industrial market future has spurred the $18.4 million sale of Phoenix Logistics Center – sold this week by the Phoenix office of JLL on behalf of a joint venture between Overton Moore Properties and PCCP LLC, and acquired by Colony Northstar. JLL Managing Directors Bo Mills and Mark Detmer, and Vice President Ryan Sitov represented… Read More →

Is 16th Street the newest commercial real estate hub?

by in AZRE Magazine | Construction | Investment

We are halfway through the year 2017 and the Phoenix downtown and central corridor market continues to show an influx of commercial real estate property growth.  Is 16th Street the new hub for commercial real estate development? Let’s take a moment to highlight what we do know.  The retailer, Target Corp. have a number of stores… Read More →

Industrial leads CRE investment sales in Phoenix, Colliers says

Phoenix Warehouse
by in AZRE Magazine | Investment

Sales of commercial properties in Greater Phoenix slowed down during first quarter of 2017, according to a report released by Colliers International.  Industrial activity ticked higher as other categories decreased in sales velocity. To access the full Colliers report, click HERE. In most cases, prices of commercial properties declined slightly during the first quarter.  This… Read More →

New pair of self-storage facilities receive $13M in construction financing

Cohen Financial, a division of SunTrust Bank and a national real estate capital services firm, announced today that it has arranged $13 million construction financing with a regional bank to develop two self-storage properties in the Greater Phoenix. Both properties are multi-level and 100 percent air-conditioned. Kevin Sellers, director of capital markets in the Cohen… Read More →

Hexagon Mining selects Downtown Tucson for headquarters

Today, Hexagon Mining, an information technology provider of planning, operations and safety solutions for the mining industry, announced the relocation and expansion of its North American headquarters in Tucson to Downtown Tucson. Hexagon Mining selected City Park at 40 E. Congress Street in Tucson as its new North American headquarters. The company will lease 26,000 square feet on the… Read More →

Corporate Center returns to market for resale with full occupancy

Cohen Equities acquired Corporate Center in January of 2016 with 50-percent vacancy and has brought the property to full occupancy in under a year. Now it plans to resell the asset. The national real estate investment firm pursues commercial assets that present an opportunity to add value in both secondary and gateway markets. After bringing the… Read More →

No bites at 4th Annual ULI Arizona Shark Tank

The 4th Annual Shark Tank presented by ULI Arizona mirrored some of the trends that we’re seeing in Valley commercial real estate: affordable, ground-up multifamily; converting single-family homes into residential assisted-living; and repurposing and preserving a building that’s been part of the local economy since the 1940s. A rapt audience of more than 200 was… Read More →

Retail pads are hot in Phoenix

by in AZRE Magazine | Investment | Retail

It is not only the weather that is hot in Phoenix. Shopping center outparcels, also known as “pads” are sizzling hot. Presently there are nearly 200 outparcel properties under construction or proposed in the Phoenix metro area, according to CoStar, a leading commercial real estate information source. These proposed projects range in size from 2,500… Read More →

Renowned BBGM joins forces with MONOGRAM

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 →

Sundt Foundation awards $69,500 to local nonprofits

Sundt Construction, Inc.‘s Phoenix employees have selected 19 local nonprofit organizations to receive Sundt Foundation grants totaling $69,500 for this quarter. The Sundt Foundation was established by Sundt in 1999 to give its employee-owners a means of giving back to their communities. It provides financial support to nonprofit organizations dedicated to improving the lives of disadvantaged children… Read More →