The Phoenix industrial market continued to improve in the fi rst quarter of the year, posting its lowest percentage vacancy (11.8%) since Q1 2008. In that 7-year time period, the Valley’s industrial inventory gained over 32 million SF of warehouse/distribution, manufacturing and fl ex space. The most recent seven quarters have yielded the most productive net absorption gains during this period as well. This all coincides with a strong return to market fundamentals and an improving U.S. economy
Scottsdale, AZ - October 18, 2011 - (RealEstateRama) -- In September 2011, GPE Commercial Advisors reported closing four purchase transactions for $1.7M (83,658 square feet, including two-acre land sale), 20 lease transactions for $5.2M (64,478 square feet) and one dental practice sale for $410,000. Combined, GPE represented 25 completed transactions for $7.3M totaling 148,136 square feet.
Scottsdale, AZ - September 19, 2011 - (RealEstateRama) -- In August 2011, GPE Commercial Advisors reported closing five purchase transactions for $1.6M (35,559 square feet), 17 lease transactions for $5.4M (52,220 square feet) and one dental practice sale for $575,000. Combined, GPE represented 23 completed transactions for $7.6M totaling 87,779 square feet.
Scottsdale, AZ - August 25, 2011 - (RealEstateRama) -- In July 2011, GPE Commercial Advisors reported closing five purchase transactions for $4.2M (51,850 square feet plus a 38.16 acre land sale), 12 lease transactions for $1.8M (37,136 square feet). Combined, GPE represented 17 completed transactions for $6M totaling 88,986 square feet and the 38.16 acre land sale
Improvements in blue-collar industries account for a significant share of Phoenix economic growth in 2011, despite choppy early year hiring. Total metro employment grew by 0.9%, or 14,900 positions. Manual-trade payrolls, in contrast, expanded by a healthy-1.1% year to date with the addition of 3,800 workers. The Valley’s manufacturing sector notched the most hires, adding 2,500 employees and offsetting the combined loss of 700 construction and transportation and utilities personnel through the second quarter. Moreover, major expansions by companies such as Federal Express, First Solar and Easy Energy Systems Inc. will boost the economy and leasing in the near term. Through the extended outlook, sales tax legislation may push more companies like Amazon to relocate from California to Arizona, further supporting industrial space demand. Although international and domestic concerns could dampen growth in the second half, the economic recovery is expected to gain momentum. Metr owide staffing levels will increase by a projected 39,000 positions, or 2.3%, in 2011, while blue-collar industries will add 12,500 workers, a 3.7% increase. National payrolls will rise by 1.65 million positions, or 1.3%
Phoenix, AX - July 29, 2011 - (RealEstateRama) -- Although office net absorption in Phoenix remains negative year to date, the local economic recovery gained traction in the second quarter. Businesses added 14,900 positions locally, a 0.9% staffing boost, in the past six months, compared to a nationwide increase of 757,000 jobs, or 0.6%. Improvements have been greatest in the Valley’s healthcare and leisure and hospitality sectors, with white-collar industries dampening overall growth through the first quarter of 2011. Nevertheless, Phoenix white-collar employers rebounded in the most recent quarter. Local office-using employment sectors augmented payrolls by an estimated 2,800 workers, a 0.7% quarterly gain, mirroring the healthy white-collar improvements that have been recorded nationally. Recent hiring announcements from companies including Safelite, Humana, Yelp and Easy Energy Systems Inc. support projections for a sturdy, albeit late, white-collar recovery through year end, helping to stabilize space demand. U.S. emp loyment will increase by a projected 1.65 million jobs in 2011, including to 39,000 positions in Phoenix, a 2.3% marketwide gain. Local white-collar sectors are anticipated to hire 5,600 workers, growth of 1.3%.
Washington, D.C. - June 23, 2010 - (RealEstateRama) -- Rep. Raúl M. Grijalva today applauded the White House decision to approve $1.5 billion to help five states, including Arizona, create and promote home foreclosure prevention plans. Arizona will receive $125.1 million through the initiative.
Phoenix, AZ - May 19, 2010 - (RealEstateRama) -- RE/MAX New Heights Realty was recently named 2010 IMPACT Business of the Year in Arizona by the Greater Phoenix Chamber of Commerce. This marks the first time in the 23-year history of the award that a Latino-run business has received the honor.
Glendale, AZ - February 10, 2010 - (RealEstateRama) -- HomeLovers, one of Arizona's fastest growing Arizona real estate investing and property management companies, today announced availability of its 2010 State of the Industry Report for Arizona Real Estate Investing, which outlines recent trends and takes a look at what lies ahead in 2010 for investors. The report also discusses how the investor of today is different than the investor demographics that lead to the buying frenzy of 2005 and subsequent market crash. The free report is available for download via an automated email response at email@example.com.
Tempe, AZ - January 26, 2010 - (RealEstateRama) -- Fidelity National Title, one of Arizona's largest title insurance and escrow service companies, in partnership with Cromford Report, a subscription-based online statistical resource on the Metropolitan Phoenix residential resale market, today confirmed that the top of the Arizona real estate market was in June of 2006, with the bottom hitting in April of 2009. Maximum inventory of homes on the market was in late April of 2008
PHOENIX, AZ (February 12, 2008) — Arizona-based VisitMyLuxuryHome.com today unveiled a new DVD Production Service for real estate professionals. The HomeDVD service allows realtors to supply prospective buyers with DVDs containing room-by-room tours of high-end homes in high definition, full motion video with live commentary by professional presenters
Scottsdale, Arizona, January 24, 2008 -- According to Realty DataTrust, the apartment industry’s first up-to-date source for aggregated leasing data, average nationwide apartment rental rates increased 1.9% in 2007.
PHOENIX, AZ (January 15, 2008) — Arizona-based visitMyLuxuryHome.com today released a new Virtual Open House service enabling prospective buyers to receive room-by-room tours of high-end homes in high definition, full motion video with live commentary by professional presenters. Initially available exclusively in Arizona, the Virtual Open House is a compelling new way for buyers to quickly visit homes online.
LITCHFIELD PARK, Ariz., Jan. 7 /PRNewswire/ -- RealtyBid.com, the nation's leader in online home auctions, has announced the sale of 16 new Lennar homes in the Phoenix, Ariz., area. Competitive bidding on 17 Lennar-built new homes in the community of Laureates at Savannah in Litchfield Park, Ariz., took place during a two-week online event in late 2007.
SCOTTSDALE, Ariz., Oct. 26 /PRNewswire/ -- Realty DataTrust, the makers of the industry's premiere online leasing tool VaultWare, announced today that it will hold its user meeting April 23, 2008, preceding the Apartment Internet Marketing (AIM) Conference to be held in Scottsdale, Arizona.
SCOTTSDALE, Ariz., Oct. 17 /PRNewswire/ -- Realty DataTrust, the makers of VaultWare, announced today that the Apartment Internet Marketing (AIM) Conference has been sold to Steve Lefkovits' Joshua Tree Internet Media firm. The AIM Conference, which will be held next spring, is the only industry educational conference that focuses exclusively on the intersection of marketing strategies and Internet-powered leasing tools.