Phoenix, AZ - November 21, 2011 - (RealEstateRama) -- In a move that combines some of the area’s top real estate agents, the RE/MAX Southwest Region has announced that, following the recent passing of RE/MAX Achievers Broker/Owner Tim Hatlestad, the agents of RE/MAX Achievers will be paired with strong leadership and productive RE/MAX brokerages in the area.
Sporadic White-Collar Hiring Dampens Office Fundamentals, but Existing Tenant Base Steadying, Giving Back Less...
Phoenix, AZ - November 16, 2011 - (RealEstateRama) -- Although Phoenix office market fundamentals remain soft, improvements in other industries and property types will continue to seep into white-collar sectors and stimulate leasing. So far this year, metrowide employment levels have risen by 26,700 jobs through the end of the third quarter. Hiring within the blue-collar and education and health services sectors accounted for 14,700 positions. Layoffs in the professional and business services industries, however, drove overall office-using losses of 4,300 positions during that stretch. Despite the net loss of jobs, white-collar employers added workers during the second quarter and Phoenix’s business-friendly climate will further encourage relocations similar to Wal-Mart’s regional consolidation and AT Security Service’s complete move from California.
IRVINE, CA - November 15, 2011 - (RealEstateRama) -- Award-winning KTGY Group, Inc., Architecture and Planning, is pleased to announce that Craig T. Chinn, Associate Principal and head of KTGY's Retail and Commercial Studio, has been invited to participate as a roundtable facilitator at the International Council of Shopping Centers (ICSC) 2011 CenterBuild Conference held from November 29-December 2, 2011 at the JW Marriott Desert Ridge Resort & Spa in Phoenix, AZ. Chinn will be participating in two roundtable discussions on Thursday, December 1, at 8:00 a.m. and 12:15 p.m. Both the breakfast roundtable as well as the lunch roundtable sessions will focus on repositioning retail and commercial centers. The CenterBuild Conference is the industry's premier retail design and construction conference.
Phoenix, AZ - November 14, 2011 - (RealEstateRama) -- In October 2011, GPE Commercial Advisors (www.gpe1.com) reported closing six purchase transactions for $2.9M (37,492 square feet) and 12 lease transactions for $2.1M (31,937 square feet). Combined, GPE represented 18 completed transactions for $5M totaling 69,429 square feet. Additionally, GPE Management Services successfully provided construction supervision for 11 capital and tenant improvement projects totaling $245,000 during the month
PHOENIX, AZ - November 9, 2011 - (RealEstateRama) -- Voit Real Estate Services’ Phoenix office has announced the addition of two new brokers to its team, according to Todd Brown, Managing Director of Voit’s Phoenix office. The company has hired Michael Kasulaitis and Aric Adams, who join Voit from Cushman & Wakefield, bringing more than one million square feet of listings to Voit’s Phoenix operations.
Torrance, CA - November 3, 2011 - (RealEstateRama) -- Coldwell Banker Residential Brokerage in Arizona is pleased to announce local agents Doug Hill and Clay Strawn have been recognized as two of the top sales agents in the U.S. by The Wall Street Journal. The agents both clinched a spot inside the Top 250, which the newspaper compiled with REAL Trends, Inc., based on the number of closed transaction sides for 2010. Given the economic downturn, both agents have found a way to be successful and thrive in this unpredictable real estate market.
LAKE HAVASU, AZ - October 31, 2011 - (RealEstateRama) -- Longevity is a mainstay at Coldwell Banker Residential Brokerage. This month the company’s Lake Havasu office kicks off its 25th anniversary celebration, which falls on the heels of its national 105th anniversary, which was celebrated last month.
Torrance, CA - October 28, 2011 - (RealEstateRama) -- To say Coldwell Banker Residential Brokerage agent Megan Fernandez is passionate about fighting for a cause is an understatement. In fact, the Scottsdale real estate agent currently is training for her fifth Susan G. Komen 3-Day for the Cure®, a 60-mile walk held Nov. 11-13 throughout the Phoenix Metropolitan area.
Phoenix, AZ - October 26, 2011 - (RealEstateRama) -- Many retail market indicators continue to improve, despite erratic employment trends and sovereign debt worries. These economic headwinds have strongly impacted consumer sentiment, dropping third quarter expectations to the lowest point since early 2009, when layoffs peaked. Still, retail sales reached an annualized average of $380 billion in September, up 7.6% year over year. Total nonfarm payrolls have expanded by nearly 1.1 million positions so far in 2011, with the wholesale and retail trade sectors alone adding 205,000 workers combined. Rising retail payrolls and sales, in turn, have supported investor interest. An estimated $21.5 billion in retail assets have sold over the past six months, more than double the transactions recorded during the same stretch in 2010. Steady employment gains are predicted to keep inves tor confidence and deal flow near current levels through year end. In 2011, a total of 1.4 million jobs will be added, a 1.1% increase, while the key wholesale and retail trades will expand by 256,000 positions, or 1.3%.
Warehouse Sales Continue to Surge in Phoenix, While Suburban Flex Space Attracting Foreign Investors
Phoenix, AZ - October 26, 2011 - (RealEstateRama) -- Resurgent economic headwinds have rattled the nation’s employment and industrial markets, as both hiring and industrial property sales volume eased in the third quarter. Nevertheless, the economic turbulence is not expected to lead to a double-dip recession. So far in 2011, national blue-collar employment levels have expanded by an estimated 361,000 positions, or 1.3%, and roughly $17 billion in industrial transactions have closed. During the same stretch last year, fewer than 3,000 manual-trade positions were added and industrial sales volume reached just $11.7 billion. Furthermore, several key hiring and industrial market indicators, including the Institute of Supply Management’s PMI index, showed improvement late in the third quarter, strengthening fourth quarter expectations. Total nonfarm employment is an ticipated to expand by 1.4 million new jobs in 2011, or 1.1%, after 940,000 workers were added last year. Manual industries will generate 451,000 positions, representing growth of 1.6%.
Newport Beach, CA - October 25, 2011 - (RealEstateRama) -- Determined to dispose of residual REO properties, Heartland Financial USA, a financial services company better known through their affiliates such as Arizona Bank & Trust, has employed the auction marketing experts at the LFC Group of Companies to sell prime development land and other real estate assets on the Freedom Realty Exchange (FRE.com).
Torrance, CA - October 25, 2011 - (RealEstateRama) -- Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., has purchased the 24,452-square-foot Crossroads of Tempe retail center in the Arizona town. It is the company’s latest transaction toward the company’s value-add program, to which it has earmarked $100 million in purchases.
Tempe, AZ - October 20, 2011 - (RealEstateRama) -- Cushman & Wakefield, Inc.’s Phoenix-based industrial brokerage group has orchestrated the sale of Normal Junction, a two-building, 140,000-square-foot warehouse/distribution property in Tempe. BlackRidge Real Estate Group acquired the asset for $7.65 million.
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.
TUCSON, AZ - October 13, 2011 - (RealEstateRama) -- The office of U.S. Rep. Gabrielle Giffords is holding a workshop today to provide information to homeowners and business owners who are considering solar energy for their properties.
Phoenix, AZ - October 13, 2011 - (RealEstateRama) -- CoreNet Global Desert Mountain Chapter has chosen two recipients for the inaugural Corporate Real Estate Excellence Awards: Barry Broome, president and CEO, Greater Phoenix Economic Council, and Scott Smith, Mayor, City of Mesa.
EUGENE, OR - October 12, 2011 - (RealEstateRama) -- IDX, Inc. announces Nancy Hawkins of Hawkins & Associates Realty Inc. has adopted a customizable IDX solution for her professional website. Hawkins joins the growing network of agents and brokers who have already transformed their own online real estate websites with the innovative IDX Broker software. Hawkins can now sync her website to the Arizona Regional MLS (ARMLS), making thousands of properties available for home seekers around Arizona to search through. Never before has such a comprehensive and thorough online real estate solution been so readily available to agents, broker or potential buyers online.
Scottsdale, AZ - October 7, 2011 - (RealEstateRama) -- Sperry Van Ness – SVN Partners in Greater Phoenix negotiated the $675,000 REO sale of the former L & G Center located at 9188 E. San Salvador in Scottsdale, Arizona. Neil Sherman, Nicole Ridberg, and Justin Horwitz of Sperry Van Ness’ Phoenix office represented the seller, Centennial Bank. The property was acquired by Mark Siegel, D.O. and Sathish Chari, D.D.S, who was represented by Thomas Weinhold of the NAI Horizon office in Phoenix, Arizona.
Phoenix, AZ - September 21, 2011 - (RealEstateRama) -- Sperry Van Ness – SVN Partners announced that Goodman and Partridge OB/GYN has signed a ten year, 8,500 square foot lease in Rome Towers located at 1760 E. Pecos Rd in Gilbert, Arizona. Goodman and Partridge OB/GYN intends to begin occupying the new space at the beginning of 2012. Goodman and Partridge OB/GYN has offices in various locations throughout the Phoenix metro area and has been providing care to women in the valley since 1976. Rome Towers represents one of the most high profile mixed-use buildings in the southeast valley. Sperry Van Ness’ Justin Horwitz and Nicole Ridberg served as the only brokers involved in the negations.
Phoenix, AZ - September 20, 2011 - (RealEstateRama) -- Lee & Associates Arizona is pleased to announce the closing of two REO industrial property sales in the East Valley. The vacant 30,552-square foot warehouse building at 150 South Dobson Road in Mesa sold for $735,000, or $24 per square foot. Lee & Associates Principals Matt Hobaica, Chris McClurg and TJ Swearengin represented the seller, National Bank of Arizona. Pat Mahoney of Arizona Commercial Real Estate Services represented the buyer, Units, Inc. The warehouse was built in 1977 and has both grade-level and truck-well loading access.