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.
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%.
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.
Phoenix, AZ - September 20, 2011 - (RealEstateRama) -- Lee & Associates Arizona is pleased to announce that Arizona Community Foundation (ACF) executed a 10-year, 17,219-square foot lease renewal of their Class A space at Anchor Centre West located at 2201 East Camelback Road. Lee & Associates Principals Craig Coppola, Andrew Cheney and Chris Krewson represented the non-profit tenant. Mike Beall of Cushman & Wakefield represented the landlord, DW Capital Partners.
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%.
Phoenix, AZ - May 18, 2011 - (RealEstateRama) -- In step with national economic growth, the outlook for the Phoenix industrial market continues to improve. Nationwide blue-collar sectors expanded by 1% over the past two quarters, the greatest six-month gain since mid-2006. Moreover, both manufacturing production and new factory orders increased for more than 21 consecutive months through March.
PHOENIX, AZ - March 8, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail investment advisory firm, has completed the $5.4 million sale of Garden Lakes Centre, an 88,075-square-foot retail center situated on 8.85 acres. Built in 1988, the center is located at 10720 West Indian School Road in Phoenix near the major cross street of 107th Ave. The center is 83 percent occupied and includes two anchor tenants, Savers and Dollar General.
September 9, 2010 - (RealEstateRama) -- The city of Phoenix Planning and Development Services Department will offer money-saving incentives to promote “green” construction in homes and businesses beginning Oct 1. The Green Building Incentives Program is funded by a $700,000 grant from the U.S. Department of Energy
Phoenix, AZ - August 11, 2010 - (RealEstateRama) -- The Gibson Laughton Group, led by Scott Gibson, a real estate industry veteran and top-producing agent with RE/MAX Prosperity, was recently ranked in the top-five of the 2010 Wall Street Journal and REAL Trends Top 400 Rankings. The team joins an elite group of real estate professionals across the country recognized for their production in challenging market conditions.
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.
December 15, 2009 - (RealEstateRama) -- Owners of residential rental property (individuals, corporations, LLCs) are required to register with Maricopa County Assessor’s Office and update any status changes within 10 days, stipulated in Neighborhood Preservation Ordinance Sec. 39 – 48.
September 28, 2009 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development awarded Phoenix $3.4 million in competitive American Recovery and Reinvestment (ARRA) grants that will allow the city of Phoenix Housing Department to make public housing units more energy efficient. The $3,408,000 “stimulus” grant will green-retrofit the 374 Marcos de Niza units at 305 W. Pima St.
September 3, 2009 - (RealEstateRama) -- Learn about fair housing practices and laws at a free three-hour workshop from 9 a.m. to noon Monday, Sept. 14, at the city of Phoenix, Calvin C. Goode Municipal Building, 251 W. Washington St., 7th Floor
September 3, 2009 - (RealEstateRama) -- Abla Zumot Najjar was recognized today as the first Phoenix homebuyer to purchase a foreclosed single family home through the city of Phoenix Neighborhood Stabilization Program (NSP) Homeownership Assistance. She used a $15,000 loan from the program for down payment and closing cost assistance.
August 25, 2009 - (RealEstateRama) -- The Phoenix Public Transit Department announced it was awarded $88.8 million in American Recovery & Reinvestment Act (ARRA) funds for projects in the Phoenix/Mesa urbanized area. The portion of these funds dedicated to city of Phoenix projects totals more than $29.1 million in improvements to its transit system and infrastructure, including $3.9 million for METRO light rail improvements in Phoenix. Also, as the region’s federal grant recipient for the Phoenix/Mesa urbanized area, the city of Phoenix was awarded additional funds to disburse to grant sub-recipients.
PHOENIX, AZ - August 13, 2009 - (RealEstateRama) -- Christopher S. Bartlemus, 31, of Phoenix, pleaded guilty to conspiracy counts in two separate indictments on August 10 and August 12, 2009. In one case, Bartlemus pleaded guilty to Conspiracy to Commit Wire, Bank and Mail Fraud and in a separate case, to Conspiracy to Commit Bank Fraud. Sentencing is set before Judge McNamee on November 2, 2009 and Judge Campbell on November 16, 2009.
July 8, 2009 - (RealEstateRama) — Fannie Mae and the city of Phoenix Neighborhood Services Department are partnering to provide homeowners an opportunity to meet with lenders and HUD certified housing counselors to discuss foreclosure prevention options 9 a.m. to 7 p.m., Wednesday, July 8
Phoenix, AZ - June 30, 2009 - (RealEstateRama) — Potential homebuyers may qualify for $15,000 in down payment and closing cost assistance to help buy a foreclosed single family home, townhouse or condominium in the city of Phoenix.