6 factors creating a sellers’ commercial market in Metro Phoenix
In 2019, a commercial office building could be purchased in Metro Phoenix for $160 per square foot. Two years later that same product is fetching $310 per square foot. The…
Peter Madrid has more than 30 years of experience in the newspaper industry as an editor and reporter at USA Today, Kansas City Star, Tucson Citizen and Arizona Republic. He is a graduate of the University of New Mexico.
In 2019, a commercial office building could be purchased in Metro Phoenix for $160 per square foot. Two years later that same product is fetching $310 per square foot. The…
A collaborative effort of experience, tenacity and creativity played a role as NAI Horizon’s Church Realty Solutions practice negotiated three deals totaling $3.8 million, “linking real estate to ministry.” NAI…
While many industry sectors across Arizona and the U.S. have taken devastating hits during the prolonged COVID-19 pandemic, the state’s land market and housing market have shown incredible resiliency and…
In a rapidly changing world, it’s important that as an institute the Urban Land Institute (ULI) keep pace with the members and communities it serves and conveys that purpose in…
They are tech savvy. They volunteer their time. They have focused disciplines in a wide variety of specialties. They are shareholders in the company and represent the future of NAI…
The theme of the 13th Annual IREM-CCIM Economic Forecast was “The Real Scoop.” Judging by the comments of economists and industry panelists, the message that resonated was “Phoenix and Arizona…
Five years ago, Cherie Koester left a prominent job with Maricopa County to start her own business. From her residence in Queen Creek, Koester founded Earthworks Environmental LLC. As the…
The Central Arizona chapter of CCIM, commercial real estate’s global standard for professional achievement, is offering four scholarships for classes in 2020 that lead toward getting the CCIM designation. The…
Positive job growth. Hundreds of new residents moving into the state each day. Sound fundamentals. Pent up demand for rental housing. Based on those facts, the projection for Arizona’s multifamily…
A new Hoyt Advisory Services Study commissioned by the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) reveals that the apartment industry and its residents annually contribute $53.8…
Since hosting its inaugural event in Phoenix on Nov. 4, 1999, the Southwest chapter of the Real Estate Investment Advisory Council (REIAC) has become one of the Valley’s most prestigious…
In today’s rental market, life couldn’t be better for the owners of multifamily developments. Rising rents, declining vacancy and a positive economic outlook suggest that the market could be robust…