Online Articles
Market Summary
February 22, 2017
Michael Orr Journal Columnist Founder and Owner, Cromford® Report TABLE A This table shows postal cities in Maricopa and Pinal Counties by the number of home sales recorded in 2016. Note that although it is still unincorporated, San Tan Valley is now the 9th largest “city.” TABLE B Ranks the postal cities by dollar… Read more
Words from Cathy Carlat, Mayor of Peoria
February 22, 2017
Cathy Carlat Mayor of Peoria Peoria is home to families who enjoy an exceptional quality of life. Kids play safely in their neighborhoods, parks and trails are bustling every weekend. But Monday through Friday, too many of Peoria’s working population get in their cars and drive outside the City for work. The conversion from… Read more
The Era Of Experience
School News
February 22, 2017
Tricia Covert Senior Publisher, Arizona Journal of Real Estate & Business Each year new data is released that points to the ‘personal experience’ as a top priority for most people — especially when including the largest generation, the millennials. Digital has become less of the revolution and more of a commodity for day-to-day support…. Read more
THE PACA TRUST
February 22, 2017
Christopher J. Charles, Esq. Founder, Provident Law Imagine you loan $1,000,000 to a third party concerning the purchase of a commercial property and you secure the loan with a “purchase-money mortgage” or deed of trust in first position. Months later, the borrower defaults and you initiate the foreclosure sale. Then, days before the scheduled… Read more
Team Building Today
February 22, 2017
Max Hansen CEO, Y Scouts, Inc. With baby boomers retiring and millennials entering the workforce, the concept of work constantly changes shape. Now, younger generations refuse to view work as an exchange of time for pay. And with research showing that by 2030 millennials will make up nearly 75 percent of the global workforce,… Read more
Mortgage Industry Update
February 22, 2017
Joel Kan Economist, Mortgage Bankers Association In the January 2017 forecast from the Mortgage Bankers Association (MBA), we estimate that total mortgage originations will decrease to $1.56 trillion in 2017 from $1.89 trillion in 2016. This total will increase slightly in 2018 as a growing purchase market is offset by more declines in… Read more
The New Meaning of Office Space
February 22, 2017
Erik Peterson Principal, PHX Architecture The definition of traditional office space has taken on a whole new meaning. Gone are the days of joining a company and being assigned to your cubicle while working your way up to a corner office. The old environment was task-oriented and became detrimental to productivity – giving little… Read more
Commercial Real Estate: A Team Effort
February 22, 2017
Bryon R. Carney Market Leader, Cushman & Wakefield I am a huge fan of the Arizona Cardinals. I’ve been a season ticket holder since they moved to Arizona in 1988 and have suffered through some dismal seasons — but I believed going into the 2016 season this was our year to win the Super… Read more
Trump Economic Policies Likely to Spur Growth
January 24, 2017
Elliott D. Pollack CEO, Elliott D. Pollack and Company The election of Donald Trump has changed the outlook of the economy. The current stagnation narrative appears to be coming to an end. It’s axiomatic that different policies will have different results. While it is too early to be certain how Trump’s proposed economic policies… Read more
An Effective Negotiator
January 24, 2017
Tricia Covert Publisher, Arizona Journal of Real Estate & Business The word contract gives most people thoughts about a long, grueling process that requires tedious review and attention to detail. However, there is another side to contracts that involves a much different skill set: negotiations. Typically, some form of negotiation takes place before… Read more