market Archives

Winnresidential Adds Apartment Portfolio in Arizona

by in Brokerage | Business News

WinnResidential, the property management arm of WinnCompanies, announced today that it has assumed management responsibilities for Highridge Costa Investors, a leading developer and asset manager, at six of their multifamily communities in the state of Arizona. As a part of this partnership, WinnResidential will take over the property management, maintenance and leasing for all six… Read More →

GPEC expands ‘California 50’ program

by in Business News | Economy

Less than a week after the Greater Phoenix Economic Council (GPEC) launched the California 50 program, the organization today announced it is expanding the program – which aims to fly 50 Golden State CEOs to the Phoenix metro region for an opportunity to tour and explore the market – to 100 California-based CEOs due to… Read More →

Studies Show That Every Dollar Invested In Tourism Returns At Least Double That Amount

Enchantment Resort in Sedona - AZ Business Magazine Jan/Feb 2011

Forests of Saguaro cacti lit by fiery red and orange sunsets, gun-toting cowboys staging shoot-outs, and the Grand Canyon’s striated walls looming over the Colorado River. One would think these distinctly Arizona images could sell themselves. Unfortunately, Arizona’s tourism industry is learning the hard way that it takes more than just the state’s natural beauty… Read More →

Apple Now Worth Over $300 Billion

Apple Banner
by in Finance | Infographics | Tech

As of January 3, Apple’s market capitalization passed $300 billion, making them the second most valuable company in the world (just behind Exxon Mobil).  Since the bump that put them over the $300 billion mark, Apple’s value took a slight dip with the news that Steve Jobs, CEO and public face of the company, would… Read More →

Median Price Not Full Story For Phoenix Market


The median price for resale homes in the Phoenix area has been edging up for several months. Does this signal that the market is approaching normalcy? Jay Butler, associate professor of real estate and author of the Realty Studies report from the W. P. Carey School of Business, talks about the factors affecting median price,… Read More →

Sluggish Demand for Office Space in Metro Phoenix Continues

Sluggish Demand for Office Space in Phoenix
by in Economy | Real Estate

The Phoenix office market continued to feel the effects of a sluggish and wavering economy, according to Cassidy Turley BRE Commercial’s 3Q 2010 office market trends report released today. Economic indicators remain mixed causing uncertainty as to whether our economy is headed into a “double dip” recession or a period of slow growth. The best… 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 →

Vacancy Rising In Phoenix Despite Construction Pullback

Vacancy Rising in Phoenix
by in Economy | Real Estate

Though employment growth will stimulate an increase in retail sales in 2010, the job additions will not be sufficient to prevent the vacancy rate in Phoenix from rising for the fifth consecutive year, according to the latest Retail Research market update from Marcus & Millichap. Unlike previous years when excessive construction drove vacancy increases, lagging… Read More →

Green News Roundup – Energy Efficiency, Green Organizations & More

Energy Efficiency
by in Blogs | Green

Welcome to our weekly green news roundup. This week we’ve gathered stories about energy efficiency auditing, promoting your company as a green organization and more. Please feel free to send along any interesting stories you’d like to see in the roundup to Also visit AZ Green Scene for informative articles about sustainability efforts in… Read More →

Using Personally Owned Life Insurance (POLI) As A Sinking Fund

Using Personally Owned Life Insurance - AZ Business Magazine June 2010

Affluent families and individuals, successful business owners, and those engaged in certain occupations, such as the medical or construction industry, all face similar challenges when choosing to invest: They have worked hard to accumulate wealth, and now they want to keep it. Wealthy investors are driven by the same concerns: Preservation: Given the choice between… Read More →

Green News Roundup-Green Expo Conference & More

by in Blogs | Green

The Southwest Build-it-Green Expo & Conference was a great success in numerous ways. You might be wondering why, so let’s go over a few reasons. One-Stop-Shopping: The BIG Conference showcased a wide variety of options for people looking to move their business, organization, or home in more sustainable perspective. Instead of having to hunt for… Read More →

Stabilizing Asset Prices Is Key To An Economic Recovery

money line

The declines in asset prices are sweeping around the globe like a giant tsunami tumbling everything in its wake. Equity prices are down 47 percent from their highs, commodities 53 percent and, of course, residential real estate 25 percent. Industrial production, retail sales and personal consumption expenditures are all showing losses year-over-year and do not… Read More →

The Credit Crunch Is Leading Many Organizations To Outsource Asset-Intensive Legacy Processes

Money Crunch

Market conditions are always a driving force in organizational spending, and the current environment is no exception. But in 2009, in addition to cost reduction, companies are now evaluating whether they can maximize their scarce credit availability by outsourcing capital-intensive IT functions that were traditionally “off limits” to these sorts of exercises or simply not… Read More →

Mixed-Use Developers Urged To Plan For Defect Claims Before Signing Contract

Mixed Use Development

Developers of mixed-use projects can reduce the likelihood of costly construction defect litigation by anticipating risk and allocating responsibility at the time of contract. Unfortunately, developers often assume that the standard industry forms provide sufficient protection. These forms, however, rely heavily on good faith for resolution of issues in the future. There are certain approaches… Read More →