Finance & RE Law Archives

Living social: Promoting individual and professional brand

Woman holding social network balloon

Remember when Sheryl Sandberg’s “Lean In” was published in 2013? There were many tips for advancing one’s career, but one of the top five, as selected by Forbes, is to form a lean-in circle with one of the book’s online “circle kits.” In essence, it encouraged finding a group of other professional women with whom… Read More →

AZCREW: CREW Network Pays it Forward

Two young woman working on a new creative design

A lot can happen in 15 minutes. Advice can be offered. New appointments saved. Minds can be changed. Coffee can be retrieved between meetings. For many executives, time is priceless. Time is how many members of AZCREW “pay it forward” these days, through mentorship programs and networking functions. However, AZCREW’s national parent, CREW Network, has… Read More →

Ghana legislative delegation cultivates ties with CCIM

123rf.com: Felix Lipov

Commercial real estate is booming in Ghana as its economy expands through national and global commercial real estate investments. A delegation of Ghana Parliamentary leaders met with the CCIM Institute, Aug. 5–7, to learn more about the U.S. licensure requirements and CCIM education for commercial real estate professionals. The legislators plan to introduce new laws… Read More →

Interior designers to fight for title act in Arizona

Wavebreak Media Ltd

There is more to an interior designer’s work than what meets the eye. A coalition of designers have been trying to get Arizona lawmakers to recognize this since 2011, when its most recent draft to include interior designers in Arizona Revised Statutes failed to pass. Their edits would have made Arizona the 31st state to… Read More →

Keyser launches new Business Advisory Services

BASPhoto.084607

Keyser, an innovative Commercial Real Estate and Business Advisory Firm providing global services to corporate users of space, has announced that Michael Maynard and Eric Herrera have joined their growing team to launch Keyser’s New Business Advisory Services Division. “I am very pleased to be able to welcome Mike and Eric to the team,” stated… Read More →

Valley Partnership on conquering the hill

Arizona State Capitol

Valley Partnership defines itself as an advocacy organization with responsible development at its core. Behind the organization’s educational Friday Morning Breakfasts, networking mixers, fundraisers and annual community project, Valley Partnership has three committees that work year-round on the organization’s advocacy efforts on a federal, state and cities/county issues. “Keeping with Valley Partnership’s focus on supporting… Read More →

Valley Partnership counts its legislative wins

lawyer

By Cheryl Lombard, CEO and president of Valley Partnership Federal: VP’s role: –Provided a forum for a continuing and constructive dialogue between federal congressional representatives and the development community with our monthly meetings. Provided formal comments on the EPA’s Waters of the U.S. Rule (“WOTUS”) and it potential damage to Arizona’s economic vitality. –As a… Read More →

The changing face of development: Cheryl Lombard

Cheryl Lombard, Photo by Mike Mertes for AZ Big Media

If Valley Partnership is the voice of responsible development in the Valley, new CEO and President Cheryl Lombard is expected to be the deep breath behind it.  In mid-March, she transitioned from being director of government relations at The Nature Conservancy in Arizona to the leader of Valley Partnership. “We were looking for a transformative… Read More →

The great exchange: How 1031 exchanges affect local markets

The Offices at Reems in Surprise were recently exchanged through a 1031 deferral, handled by Colliers International's Rob Martensen.

With the talk of tax reform that would repeal or limit 1031 Exchanges, the global effect of changing like-kind deals is in the spotlight. Section 1031 Exchanges, or like-kind exchanges, are used in commercial real estate to allow investors to reinvest their profits into a new property through an exchange of a similarly valued property… Read More →

No guts, no glory: Tales of risk from Arizona CCIMs

Credit: Wavebreak Media Ltd.

Not all commercial deals were created equal. It’s when things get a little messy, complex or a buyer is considering a potentially risky investment that having a Certified Commercial Investment Manager on his or her side can lead to the most informed decisions possible. This was especially true during the Great Recession. Below are vignettes… Read More →

Helix Capital closes $5.83M private loan deal

Courtesy of Serendipit Consulting

Helix Capital, an Arizona-based commercial real estate investment, development, brokerage and management company, recently closed a $5.83 million private loan deal. Helix provided private financing for a 52,134 SF shopping center located at Bell and Reems Roads in Surprise, Ariz. The shopping center is 100 percent leased and Mountainside Fitness is the anchor tenant, occupying 75… Read More →

NorthMarq negotiates $23M refinance of Foothills Park Place

foothills park place

James V. DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix based regional office arranged the $23 million refinance of Foothills Park Place, a 132,496 SF retail property located at on east Ray Road in Phoenix. The property is in a strategic location adjacent to the I-10 Freeway and at the highest trafficked intersection of… Read More →

The Long Road to Funding

gas

In December, the State Transportation Board took the next step in the process of funding Interstate 11 (I-11) and the Intermountain West Corridor Study. It approved $15M for the Tier 1 Environment Impact Statement, which would allow the Arizona Department of Transportation (ADOT) to conduct an environmental study between Nogales and Wickenburg. This will take… Read More →

Treble in paradise: Paying for music in public spaces

Trillium

Three performance rights organizations, or PROs, protect a majority of recording artists’ work from unauthorized use in public spaces. The two largest — ASCAP and BMI — are household names, but the smallest of the group, SESAC, is quickly becoming a well-known resident at multifamily properties. A third party working for SESAC has contacted multifamily… Read More →