commercial real estate Archives

Valley Partnership: Mindy Korth

Mindy Korth, Valley Partnership - AZRE Magazine May/June 2011
by in Associations

Mindy Korth has served in a variety of capacities during her 26-year commercial real estate career and has been on the front lines of an up-and-down industry. Korth, an executive vice president at CB Richard Ellis and this year’s Valley Partnership chair, says the advocacy role Valley Partnership plays is crucial to its members in… Read More →

Arizona’s Medical Marijuana Proposition Passes, But Where Will The Dispensaries Go?

Medical Marijuana Where Will The Dispensaries Go

Arizona voters made history again this month, narrowly approving Proposition 203, the ballot initiative allowing one medical marijuana dispensary for every 10 pharmacies in the state (which translates to about 120 statewide). Under Prop. 203, patients suffering from a wide range of painful medical conditions will be able to buy small amounts of marijuana from… Read More →

Largest Commercial Solar Rooftop System in Arizona Unveiled

Empire Power Systems
by in Green | Real Estate | Tech

Empire Power Systems this week completed the installation of an $11.5 million, 2.4 megawatt SunPower solar rooftop system on the Cowley Industrial Park building in South Phoenix. The project is the largest commercial solar rooftop system in Arizona and the second largest in U.S. Cowley Companies, a Phoenix-based real estate investment firm, decided to install… Read More →

Tucson Office Market Sector Remains Consistent

by in Real Estate

Uncertain whether the market has bottomed out, buyers and tenants continue to be hesitant whether they should take advantage of attractive sale and lease opportunities. That’s the word on the street as the 3Q Tucson office market report was released today by Picor Commercial Real Estate Services, a Cushman & Wakefield Alliance member. For the… Read More →

Valley Residential, Commercial Real Estate Markets Still Struggling, ASU Report Shows

Valley Commercial, Real Estate Sales Dip
by in Economy | Finance | Real Estate

Residential and commercial real estate prices in Metro Phoenix  are still suffering in the rough economy, a report from the W. P. Carey School of Business at Arizona State University show. Valley home prices are going negative for the first time in months, and commercial real estate prices are about 30-percent lower than at the… Read More →

Greater Phoenix Economic Forecast 2011: “Painfully Slow”

by in Economy | Real Estate

The economy may be better in 2011 than it was in 2010, but the road to full recovery will remain long and full of potholes. But hey, it could be worse. It could be 2009. That’s according to economist Elliott D. Pollack, CEO of Elliot D. Pollack & Company. Pollack was speaking at the Greater… Read More →

Arizona’s Local And Regional Banks Are Facing More Distressed RE Loans

retail space avaialble sign in a window of a building

The recent New West Era of Arizona’s fast-growth economy from 2004 through 2007 is now expansion-cycle history. Having faced the Great Recession and what Alan Greenspan called a “once-in-a-century credit tsunami,” we now plan to resume positive economic growth in 2010. Since late 2008, Arizona has lost more than 200,000 jobs. Commercial real estate (CRE)… Read More →

CEO Series: Sharon Harper

Sharon Harper, president and CEO, Plaza Companies - AZ Business Magazine February 2010

CEO Series: Sharon Harper Sharon Harper President and CEO, Plaza Companies Assess the current state of commercial real estate development in the Valley. The commercial office sector is being impacted significantly. Vacancies are on the rise, rental rates are going down. In addition to all those statistics there is also kind of a shadow vacancy… Read More →

Tax Relief For Lenders May Help Commercial Real Estate Borrowers

tax calculations

The credit crunch is severely reducing the availability of financing and refinancing for commercial real estate. Many borrowers with loans maturing in the next few years, who originally expected to refinance their commercial mortgage loans before maturity, are now concerned that they will not be able to do so and will default when the mortgage… Read More →

The Economic Recovery Begins In 2009, But It Will Be Slow Going

money in vice

The national and state economies are expected to start feeling the effects of a recovery during the last quarter of 2009. However, the recovery over the next year will be slow, with unemployment continuing to rise and economic growth anemic at best. Meanwhile, the state’s expenditures are rising, even as revenue continues to fall, setting… Read More →

Arizona Business Magazine Celebrates Its 25th Anniversary

AZ Big Media 25 years

An important lesson in the launch of any business or new product is to learn everything you can about your target consumer, and that’s exactly what Mike Atkinson did when he bought the Office Guide to Phoenix 25 years ago. He approached leaders in the community in such industries as health care and law, and… Read More →

Best of the Best Awards 2009: Real Estate Commercial

CB Richard Ellis - Best of the Best Awards 2009 presented by Ranking Arizona
by in Events

Real Estate Commercial Honoree: Brokerage Firms: 25 brokers or more CB Richard Ellis CB Richard Ellis has been serving clients in Arizona for more than 55 years, becoming a dominant player in the state’s commercial real estate market. From leasing, acquisitions and sales, marketing and consulting, it has earned a reputation as a respected leader… Read More →

As Commercial Real Estate Sector Prepares To Be Hit By Recession, Leaders Should Become Proactive

wood beam

The headlines today have focused on the bailout of the banking industry and the housing market’s severe contraction. Not a lot of attention has been paid to the commercial real estate sector. As with all business cycles, there is a flow-through to the various sectors. The fact that we have lost more than 1 million… Read More →

Cover Story – He Shoots


He Shoots… Will former Sun Dan Majerle score in real estate? Photography by Brian Fiske Dan Majerle’s left ring finger is broken. It’s wrapped in a small black cast, the result of some aggressive play in a pickup basketball league he plays in. Ironically, the same finger on his right hand was broken in a… Read More →