Online Articles
Office Commercial Update
July 25, 2015
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
July 25, 2015
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
Seller Expectations Unveiled
July 25, 2015
Written by: P.R. ‘Randy’ Cooney Publisher, Arizona Journal of Real Estate & Business For over twenty years, the Arizona School of Real Estate & Business hosts a monthly, signature seminar in which hundreds of real estate and business professionals gather to receive the latest in market trends, resources, statistical updates and insights on a… Read more
Judge Terminates Hundreds of Solar Leases
July 25, 2015
Written by: Christopher J. Charles, Esq. Founder and Managing Partner of Provident Law, PLLC Rooftop solar panel installation companies promise numerous benefits, including reduced utility bills and tax credits. A judge in Pima County recently terminated hundreds of these solar panel leases and ordered $1,000,000 in restitution when the installation company failed to deliver… Read more
NAIOP Update
July 24, 2015
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
HOA: Friend or Foe?
July 20, 2015
Written by: Denise Holliday, Esq. Attorney, Hull, Holliday & Holliday PLC When people first move into a neighborhood with a Homeowner’s Association (“HOA”), they will likely read the Covenants, Conditions and Restrictions (“CCR’s) from beginning to end in order to understand how to be good neighbors to their community. They don’t see the HOA as… Read more
Greed Doesn’t Pay: Excessive Interest Charged By Lender May Result In No Interest
June 20, 2015
Written by: Christopher J. Charles, Esq. Founder and Managing Partner of Provident Law, PLLC Pigs get fat and hogs get slaughtered. That is why hard-money lenders should avoid seeking hyper aggressive interest rates. Although conventional mortgage interest rates remain historically low, interest rates on private loans, or “hard money” loans range anywhere from 5%… Read more
FHA Extends Date for New Single-Family Housing Policy Handbook
June 20, 2015
Written by: Roy Morris Professional Valuation Services Appraisal Educator, Arizona School of Real Estate & Business The revised FHA Single Family Housing Policy Handbook (SF Handbook; HUD Handbook 4000.1) that was targeted to be implemented on June 15, 2015 has been extended 90 days to September 14, 2015. FHA stated that the extension was… Read more
Constructing The Future
June 20, 2015
Written by: Larry Seratt President, Serco Contracting, Inc. Like many areas of real estate, the construction market took a downward dive during the 2008 recession. Having been in the construction industry since the early 80’s, it’s not a light statement when I say 2008 was devastating for careers and companies alike – but especially… Read more
Because It’s the Rules
June 20, 2015
Written by: David Allen Patners in the Phoenix Law Firm, Jaburg & Wilk There are seemingly two types of people who live in houses or condominiums that are subject to rules and regulations, known as Codes, Covenants and Restrictions, or “CC&R’s.” There are those who live there because there are CC&R’s, and there are… Read more