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CRE sentiment: COVID concerns and two bright spots

Posted by   /  May 13, 2020  /  By Mike Sunnucks, Coronavirus, Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter A national index gauging the condition of commercial real estate has fallen into the unfavorable range due to the impact of COVID-19. But the NAIOP CRE Sentiment Index did see improved expectations when it comes to construction labor and material costs. The NAIOP CRE Sentiment Index posted […]

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Office leasing drops; two paths for commercial real estate, office space

Posted by   /  May 7, 2020  /  Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter Net office leasing in the Phoenix metro area totaled 310,280 square feet during the first quarter, according to numbers from Lee & Associates Commercial Real Estate Services. That absorption level is 28 percent of the 1,113,006 square feet leased during the first quarter of 2019. It is […]

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Here is an updated commercial real estate outlook in the wake of COVID-19

Posted by   /  April 27, 2020  /  Coronavirus, Real Estate  /  No Comments

AZRE | AZBigMedia CBRE’s Chairman of Americas Research and Senior Economic Advisor Spencer Levy released the company’s outlook for the economy and specific commercial real estate sectors. Levy and his team addressed the impact of the COVID-19 pandemic and the affect containment measures have on the commercial real estate outlook.   “Much of America is planning […]

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COVID-19 wreaks havoc on CRE metrics

Posted by   /  April 24, 2020  /  Real Estate  /  No Comments

By Terrance Thornton | Scottsdale Independent A commercial real estate brokers forecast provides illustration to what many Arizona business leaders are realizing: a deep recession appears imminent. The forecast was created by The Center for Real Estate Theory and Practice at the W.P. Carey School of Business at Arizona State University. “I was taught in […]

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How commercial real estate investors can find confidence during uncertain times

Posted by   /  April 2, 2020  /  Real Estate  /  No Comments

By Dave Kotter | AZBigMedia If you ask anyone right now, what is going on, their general response is, “we are still trying to figure it out.”  This is a time where things are shaky and there is a sense of uneasiness floating in the air for commercial real estate investors, given the coronavirus crisis.  My hope is […]

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NAIOP: Coronavirus will accelerate these commercial real estate trends

Posted by   /  April 1, 2020  /  Coronavirus, Economy, Real Estate  /  No Comments

AZRE | AZBigMedia The coronavirus outbreak will accelerate commercial real estate trends that had been forming and cause dramatic changes in the industry faster than had been anticipated. The crisis will result in some short-term contractions in the industry, but will lead to a long-term expansion for commercial real estate generally, particularly in the industrial […]

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Commercial real estate development in Arizona sees signs of a new approach

Posted by   /  March 30, 2020  /  Real Estate  /  No Comments

By Steve Burks | AZBigMedia In Arizona, the evolution of commercial real estate development isn’t found in brand new residential towers in Central Phoenix or 1 million-square-feet warehouses in the West Valley. The future of commercial development is going on in well-known locations that are just getting a fresh set of eyes on them. At the 15th […]

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Rush to place capital ahead of election expected

Posted by   /  February 24, 2020  /  Economy, Real Estate  /  No Comments

By Monica Tapia |AZBEX According to a new report, commercial real estate investors, brokers and lenders are expecting a potential surge of activity in Phoenix and other U.S. markets in the first half of 2020, ahead of the U.S. election. Participants in the 2020 RCM LightBox Investor Sentiment Report noted the strong market fundamentals, available investor capital, […]

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Decades biggest commercial deals were in Tempe, Phoenix

Posted by   /  February 11, 2020  /  By Mike Sunnucks, Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter The biggest deals of the past decade were in downtown Tempe and downtown Phoenix. That is according to commercial real estate firm Commercial Café. The biggest commercial property sale in metro Phoenix between 2010 and 2019 was the $110 million sale of the Freeport-McMoRan Center in downtown […]

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Phoenix 2020 CRE outlook

Posted by   /  January 16, 2020  /  Real Estate  /  No Comments

 Northrop Grumman opened its new Chandler campus in November 2019. The 633,000-square-foot office and manufacturing facility will provide a home for Northrop Grumman’s launch. / AZBigMedia AZBigMedia Consistency may be boring, but when it comes to the commercial real estate outlook and the Greater Phoenix commercial real estate industry, no change is good for business. […]

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