Property Management Archives

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

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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 →

Lincoln Property ranks #1 property manager for 2015


Lincoln Property Company (LPC) has been ranked as the number one property manager in 2015 according to Multi-Housing News’ top 50 listing. The ranking was based on self-reported property characteristics, quantity of leases, amount and size of communities under management, square footage, amount of property operations owned or managed, involvement in multiple property sectors, sustainability practices and… Read More →

Kimpton to open boutique hotel at One | Hundred | Mill

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Hayden House Tempe, LLC, a partnership between San Diego-based Douglas Wilson Companies (“DWC”) and Hensel Phelps Development LLC have signed a Hotel Operating Agreement with Kimpton Hotel & Restaurants to manage a new, luxury boutique hotel at One | Hundred | Mill in Tempe. The Hotel Operating Agreement between Hayden House Tempe, LLC and Kimpton Hotel… 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 →

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

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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 →

75th & Peoria Shopping Center gets new ownership and name


Capital Asset Management (CAM), Phoenix, teamed up with Cottonwood Equity, LLC, based in Salt Lake City, to purchase the 59,839 sq-ft 75th & Peoria Shopping Center located at the southwest corner of Peoria and 75th Ave. With this purchase, CAM and Cottonwood Equity will focus their efforts over the next six months on a considerable… Read More →

Sundt Construction increases focus on sustainability


Sundt Construction, Inc. recently expanded its commitment to sustainability with a corporate-wide initiative to effect a positive change on the environment, increasing its presence as one of the top green contractors in the nation. The company’s new environmentally focused charge is evidenced by the latest rankings from two of the industry’s leading construction publications – Engineering News-Record (ENR) and Building Design… Read More →

After 40 years, family sells redevelopment in Payson

Sold Sign

An era spanning over four decades of property ownership came to an end for three retired school teachers, which so happen to be sisters. The family owned and operated assorted businesses which had been previously used as a gas station and grocery store, operated by the parents, an ice store that was operated by the… Read More →

Ground breaks on 386,100 SF industrial project in Tolleson

First Industrial Rendering

Sun State Builders has broken ground on the First Industrial project in Tolleson, AZ. The 386,100-square foot cross dock distribution facility situated on 21.2 Acres will be complete by December of this year and will serve as the new home of Mattress Firm and other tenants. The Class A building will offer 36-feet clear height, K-25 ESFR,… Read More →

P.B. Bell earns top honors for safety


P.B. Bell, a leader in multi-family housing development, management and acquisitions, is being recognized for its commitment to safety.  For the eighth consecutive year, P.B. Bell has been included on CopperPoint Mutual Insurance Company’s exclusive “Best of the Best” list for its efforts to keep employees safe. The Phoenix-based CopperPoint Mutual Insurance Company, an advocate… Read More →

Alisa Timm – Most Influential Women In Commercial Real Estate

Photo by Mike Mertes, Az Big Media

Alisa M. Timm Director of management services, Desert West Region Lincoln Property Company Years in the industry: 25 Real estate is in Alisa Timm’s blood. Maybe that’s why she treats all of her clients and coworkers like family. “Singling out a (favorite) deal is difficult because I would say the most memorable ones are the clients who… Read More →

ABA: Commercial Construction Poised for Rebound

Photo by Mike Mertes, Az Big Media

By Mark Minter, executive director, Arizona Builders Alliance Joe DuVall, president, ABA, project executive, Kitchell Sometimes, it looked like the Great Recession was never going to end. Layoffs, shrinking or non-existent margins, projects that bid but never got built all seemed to be the order of the day in recent years. It looks like the… Read More →

Caretaker Landscape and Tree Management expands

Caretaker Team Photo

Twenty-seven years ago, Susan Stephenson Harris, a retired banker from Oklahoma, moved to Arizona to relax and play golf. Six months later, in 1988, she started Caretaker Landscape and Tree Management as a hobby. In 1997 Matt White joined the Caretaker team and in 2007 he became the sole owner of Caretaker Landscape and Tree… Read More →