Online Articles
Court Rules that Provisional Remedies Apply to Breach of Lease
April 25, 2016
Christopher J. Charles, Esq. Provident Law The Maricopa County Superior Court recently ruled in favor of Provident Law’s client and found that Arizona’s provisional remedies statutes, A.R.S. §§ 12-1521 and 12-2402(A), apply to breach of lease disputes. This ruling provides landlords with significant leverage for collecting unpaid rent from tenants. Provisional remedies provide creditors… Read more
What Makes a Practitioner a Professional?
April 25, 2016
Judy Lowe Commissioner, Arizona Department of Real Estate As I do my Arizona Department of Real Estate Outreach around Arizona, I hear from real estate practitioners and consumers who believe that some real estate licensees do not meet minimum standards of professional and ethical practice, do not possess the real estate knowledge necessary to… Read more
Starting a Career in Commercial
April 25, 2016
Bob Mulhern Managing Director, Colliers International NAIOP Board Member I am regularly contacted by people who want to know how to enter the commercial real estate market as a broker. In a specialized industry like commercial real estate, it is natural to assume that industry experience is required. Although this was true at one… Read more
Phoenix Metro Apartments: An Investment and Development Viewpoint
March 28, 2016
Joseph Meyer President & CEO, Meyer Development & Construction Services, Ltd. Drive around town and you can’t seemingly go more than a mile without encountering another newly completed apartment project – or one that’s under construction. At least that’s the case in the East Valley where distinct pockets of swank new apartments are fetching… Read more
Arizona Multihousing Legislative Progress
March 28, 2016
Tom Simplot President & CEO, Arizona Multihousing Association Fifty years ago, the Arizona Multihousing Association (AMA) was formed after a group of apartment operators joined together to promote and advocate for a fair and competitive housing market. Today, the mission of the AMA remains the same in protecting the interests of ethical rental housing providers… Read more
Recruiting for Today’s Employment
March 28, 2016
Max Hansen CEO, Y Scouts, Inc. If you’re an employer in Phoenix metro with aggressive growth goals, then you better start prioritizing recruitment. A couple years ago employers had their pick when it came to hiring a quality candidate. As the economy has improved, the job climate has changed. Today it’s harder than ever to… Read more
Equitable Subrogation and the Replacement Doctrine
March 28, 2016
David Allen Partner, Jaburg & Wilk All real estate professionals and investors are familiar with the concept of the priority of liens. As a general rule, when there are multiple liens recorded against a property, the one that is recorded first is “superior” to the one that is recorded later, which, in turn, is “subordinate”… Read more
Market Summary
March 28, 2016
Michael Orr Journal Columnist Founder and Owner, Cromford® Report During 2015 the Greater Phoenix housing market gained strength from February through July with tight supply below $250,000 and healthy demand for the mid ranges between $250,000 and $500,000. The high-end luxury market also had an excellent first half, but lost a lot of momentum… Read more
Wanted Property Managers
March 28, 2016
Debra Hill-Fox Sales Manager, NPM Staffing, Inc. The increase in rental properties in Maricopa County in recent years has created a high demand for property management – especially for residential leasing and rentals. With new construction happening all over our state an experienced property manager becomes an essential part of the investment equation. The knowledge… Read more
Multifamily: Responding to Demand
March 28, 2016
John Kobierowski Senior Managing Partner, ABI Multifamily Thomas M. Brophy Director of Research, ABI Multifamily As of the end of 2015, the Phoenix metro multifamily market surpassed $3.8 billion in total sales volume. This is up 34 percent Y-O-Y and almost 265 percent from 2010 sales volume reaching a total of just over $1… Read more