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Posts Categorized: Commercial Corner

Commercial Update: NAIOP

Commercial Corner, Market Update

Tom Johnston Senior Managing Director,Savills Studley 2015 NAIOP Chairman   The Arizona Chapter of NAIOP is the ninth largest business trade association in Arizona and one of the largest commercial real estate groups in the United States with a membership of more than 750. Our organization recently has made it a priority to reach beyond… Read more

Promoting Arizona Business Growth

Commercial Corner, Market Update

Written by: Sandra Watson President and CEO, Arizona Commerce Authority   Spearheading Arizona’s economic development efforts, the Arizona Commerce Authority (ACA) promotes statewide assets and competitive advantages to businesses in the global marketplace that will advance their corporate success. The ACA works to recruit innovative out-of-state companies to establish new operations in Arizona, helps companies operating in… Read more

Industrial Commercial Update

Commercial Corner

Written by: Bryon Carney Managing Principal, DTZ   Phoenix is once again among the West’s top-performing large metro economies and remains one of the strongest industrial markets in the country. The economy has strengthened since mid-2014, with year-over-year growth in nonfarm jobs near a cyclical high, much higher than both the state and national averages…. Read more

Office Commercial Update

Commercial Corner

Written by: Andrew Cheney, CCIM, SIOR Principal, Lee & Associates Partner, Coppola Cheney Group   The Phoenix metro office market is rebounding at a gradual pace. Net absorption (i.e. job growth), the most important measure of a commercial market’s health, hit 2.5 million square feet for the year 2014 – matching the 25-year average. The increase in… Read more

Retail Commercial Update

Commercial Corner

Written by: Ari Spiro President and Founder, ORION Investment Real Estate   Phoenix metro shopping center is no longer a cringe-worthy phrase that one is afraid to utter in the real estate world. In fact, after a 6-year period of bumping along the bottom after a freefall never experienced before in our market, Phoenix metro retail… Read more

NAIOP Update

Commercial Corner

Written by: Bob Mulhern Managing Director, Colliers International NAIOP Board Member   A key consideration when looking at the Arizona commercial market and its potential is to recognize how major commercial developers are faring in the marketplace. Two of the hot issues in the development community at the moment include funding needs at the state… Read more

The Reality of “Big Deal” Commissions

Commercial Corner

  Written By: Greg Valladao Senior Director of Investment Sales, Cushman & Wakefield   Over the past six months, Phoenix metro has seen repeated headlines announcing large commercial transactions including the sale of Camelback Esplanade III for $74.3M and Domus Apartments for $51.6M. As commissioned real estate professionals, our first inclination may be to speculate… Read more

The Value of CCIM

Commercial Corner

By David S. Miller CCIM Chapter President   What is CCIM and what is its value in the commercial world? This is a question often asked by those new to commercial real estate and even some that have earned a few gray hairs. Certified Commercial Investment Member (CCIM) is a designation earned after hundreds of… Read more

Residential Real Estate Leads The Way

Commercial Corner

Written by Ari Spiro   The real estate adage, “retail follows rooftops” is a simple way to explain the demand for commercial services when a residential community is established or emerges. Despite the seemingly obvious relationship between residential and commercial real estate, many view the two as entirely different worlds. However, in Phoenix metro residential… Read more

Commercial Design Trends Regional Approach to Materials and Context

Commercial Corner

Written by Erik Peterson   Commercial design over the years has adapted to trends in the industry, be that good or bad. I believe we’re seeing a very positive trend in commercial design in our Arizona market at this time. There are three major components to the trend: 1) regional context 2) lifestyle integration 3)… Read more

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