Online Articles
Industrial Market
April 26, 2016
Bryon Carney Managing Principal, Cushman & Wakefield Curtis Hornaday Associate Market Director – Research, Cushman & Wakefield Phoenix is among the top-performing large metro economies in the west with one of the strongest industrial markets in the country. The local economy has strengthened with year-over-year growth in nonfarm jobs. The total included 12,700 industrial sector… Read more
Market Summary
April 26, 2016
Michael Orr Journal Columnist, Founder and Owner, Cromford® Report The first quarter of 2016 got off to a slightly slow start but began to accelerate hard in March. The first quarter ended with Maricopa County unit sales for single family and condo homes up 12 percent from last year. The median sales price rose 8… Read more
Real Estate Investment Trusts (REITs)
April 26, 2016
Paul Ohanian Founder and CEO, Scottsdale Wealth Planning, Inc. If you are in the business of real estate in Arizona, you have experienced firsthand the benefits of ongoing lower borrowing costs. As the year has unfolded, and the Fed has commented on interest rates, “lower for longer” has become the new mantra. For those active… Read more
Commercial Mortgages in Arizona
April 26, 2016
Rocke Andrews President, National Association of Mortgage Brokers Commercial mortgages in Arizona avoided much of the publicity and outcry of their residential brethren. However, it was clear to see plenty of retail and office properties were vacant and for sale. Smaller sites as well as the larger malls experienced disappearing occupants and missed payments. Many… Read more
A Solution to Problem Properties
April 26, 2016
Brad Grannis Real Estate Asset Manager , ASU Foundation For A New American University As agents and brokers, we all have had to deal with problem commercial properties. You know which ones I’m talking about: overvalued (in the client’s eyes), deferred maintenance, functionally obsolete, generally unprofitable and difficult to move. These properties can be a… Read more
Arizona Water Supply
April 26, 2016
Thomas Buschatzke Director, Arizona Department of Water Resources For decades, the state of Arizona’s water policy has rested on a single, basic assumption: That sooner or later, the Big One – that is, the big drought – would come along to challenge the Southwest’s capacity to deal with below-average moisture over a lengthy period… Read more
Arizona Economic Development
April 26, 2016
Sandra Watson President and CEO, Arizona Commerce Authority The outlook for Arizona’s economy is looking brighter everyday as our state continues to add new jobs, attract new companies and promote our pro-business message around the world. According to data released by the Arizona Department of Administration, Arizona has fully recovered all jobs lost during… Read more
The New Tempe – More than a College Town
April 26, 2016
Mark Mitchell City of Tempe Mayor Tempe is the home of Arizona State University, U.S. News & World Report’s most innovative university, but it is more than just a college town. Today, the city is a destination for some of the top employers in the nation and a highly desired address for successful companies… Read more
Salt River Pima-Maricopa Indian Community Economic Development
April 26, 2016
Quannah Dallas Economic Development Department Manager, Salt River Pima-Maricopa Indian Community By any measure, 2016 will be outstanding for the Salt River Pima-Maricopa Indian Community. Years ago its elected Council limited commercial development to the community’s borders to preserve, for its members and visitors, the open landscape and views of Red Mountain. That plan has… Read more
Land Market in Maricopa and Pinal Counties
April 26, 2016
Nate Nathan President & Designated Broker, Nathan & Associates, Inc. In the second quarter of 2016, Maricopa and Pinal counties are experiencing a growth spurt which is gaining momentum each day. When the federal government shut down and FHA dropped their maximum lending rate taking approximately 20 percent of home buyers out of the market… Read more