Unusual tenants fill Southeast Valley industrial parks

 When the economy turned sour, many Southeast Valley industrial parks filled vacant space with new types of tenants. Jam-makers, metal sculptors, fitness trainers and churches drawn to large spaces and reduced rents replaced many traditional manufacturers, offices and warehouses. [...more...]

Church Campus "FOR SALE" List

Church campus sale list

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How to Negotiate a Land Deal

How to Negotiate a Land Deal | Inc.com

...Before you head to the negotiation table, ask yourself what you are aiming to achieve out of the land deal. In particular what are your wants versus your needs since the two are comparably very different. As with the car buying scenario, you may want drive an Italian two-seater sports car but you really need a four-door compact vehicle.<br>

Here are five tips to help you land the best deal for the property you want to buy... [...more...] 

How to Pick a Site for Your Business

"Product, price, place, and promotion" goes that staple of Marketing 101, the four P's that are said to influence consumer purchasing decisions. The third on the list, place, tends to get short shrift -- all too often, the location of a business is an afterthought or a decision made out of expediency rather than after careful consideration. But a location can have longer-lasting consequences than the other P's. After all, a lease can lock you into a bad decision for up to five years; a purchase, longer still... [...more...]

Retail, office properties still battling uncertainty

opportunity everywhere (or at least 26% of everywhere) for tenants to grab good deals and investors to purchase distressed...see below.

...Commercial real estate that is less appealing to employers and retailers will take longer to fill up again with quality businesses, they said. Some of those properties probably won't recover at all... [...more...]

Rent vs. Buy :: GREAT TOOL!

...I’ve made a near-annual habit in this column of looking at the rent-versus-buy decision, and The Times has built an online calculator so that readers can make their own comparisons. The idea isn’t only to help potential buyers but also to figure out whether and where house prices are overvalued. That question is of obvious importance to homeowners and to the American economy... [...more...]

Historic Phoenix warehouse on track for rebirth as farmers market

Many visitors to downtown Phoenix rarely step south of the railroad tracks.

But near the backsides of US Airways Center and Chase Field, visitors who do venture there will find streets lined with old brick and brownstone warehouses.

Several of these centenarian structures are vacant and decaying, their walls coated with the grime of neglect and age. A few have been preserved and reopened, such as the Duce restaurant, bar and clothing store near Central Avenue and Lincoln Street. [...more...]

How to Make Your Business Greener (and Save Money)

After attending a series of workshops on sustainable business practices, Mr. Santana recently put into action a number of energy-efficiency and waste-reduction measures that he estimates will save Mi Rancho about $100,000 a year and pay for themselves well within the first year. “And if that’s good for the planet,” he said, “all the better.” [...more...]

Commercial-real-estate market registers positive changes

...About three years after the area's commercial-real-estate market followed housing down the drain, a large number of struggling property owners who had been holding out for a miracle recovery finally began to accept the truth...[...more...]

Dare We Say It? Economic Indicators Improve for Commercial Real Estate

Ross Moore has changed his outlook for the better in these last few weeks of 2010.

As national chief economist for commercial real estate services company Colliers International, Moore follows about 100 economic indicators that keep his finger on the pulse of the economy and the commercial real estate industry. And since the beginning of the fourth quarter, that pulse has quickened.

[...more...]

Free 4Q Market Report Download Offer!

FREE DOWNLOAD!

Download the Fourth Quarter 2010 RERC/CCIM Investment Trends Quarterly

CNBC COMMERCIAL REAL ESTATE UPDATE VIDEO 12.7.10

Jobs & Recovery :: Still the Story

Deal Flow Mushrooms, But Real Estate Recovery Hinges on Job Growth

The nation’s credit markets are showing early signs of stabilizing after the long and harsh economic crisis, and deal volume across the commercial real estate spectrum is increasing. But the job market remains volatile, and until it shows greater strength, the office, multifamily and other property types will continue to suffer.

That’s the conclusion of economists from New York-based research firm Reis. The national unemployment rate in October was 9.6%, according to the U.S. Bureau of Labor Statistics, and economists project that it will creep upward in the coming months.

[...more...]

Right-Sizing :: Reduce & Re-Use

While most retailers are reducing square footage to save money on the bottom-line, the concept can be applied across markets. Reducing unnecessary space can save money, energy, and open up many more options for retailers, non-profits, churches, and even residential use. Why have vacant space that sits empty when it can be re-used in other ways (generating income? or goodwill?) or reduced all-together. Trendy now, but a solid move.

Retailers Look to Small Stores for Bigger Profits

The change reflects two trends in the retail world: Chains looking for new ways to cut costs in the sour economy, and consumers demanding a less sprawling shopping experience as they spend with greater purpose. [...more...]

Commercial real estate lending has loosened up?

For those looking for financing, maybe now is the time to move into the market. As you can read the report below from Retail Traffic, it is a good news/bad news scenario. For churches looking to obtain financing, there is still great opportunity with private equity and specialty lenders.
Very informative article here...

Liquidity for Retail Assets Increases Even as Fundamentals Lag

Commercial real estate lending has loosened up considerably in the past six months, leading to more acquisition activity and making it easier for borrowers facing maturity to refinance their loans. And most industry experts feel that liquidity will only increase in 2011.

The bad news, however, might be that the capital marketplace has recovered from the credit crunch a bit too quickly, with many transactions spurred on by record low interest rates rather than improving property fundamentals. [...more...]

Phoenix area sales rise for office, industrial buildings

The financial gridlock that has frozen Phoenix-area commercial-real-estate sales over the past three years has begun to break up, according to brokerage-firm executives...[...more...]

Commercial real estate market stagnant, brokers report

Third-quarter average rent for retail properties was $15.71 per square foot, down from $17.37 a year earlier.

Of particular concern, the company said, was the notable increase in available "big-box" space, which CB defines as single-tenant retail properties of at least 10,000 square feet...[...more...]

Power Shifts to Tenants as Economy Brakes Amid Glut of Vacancies

Roughly 25% of the nation’s leased office space is set to expire in 2011 or 2012 and tenants are moving into the driver’s seat in negotiating new terms with landlords already pressured by a glut of vacant space... [...more...]

Bank Watch: Regulator Says Bankers, Not Bricks, Main Reason Behind Most Bank Failures - CoStar Group

...While it is clear that commercial real estate and construction and land development loans have figured in most every bank failure in the last couple of years, it is also becoming evident that bad bank management and, in some cases, outright deceit, were at the core of many of the banks' problems...[...more...]

Office Market Vacancy Expected to Peak in Fourth Quarter

Though demand for office space remained weak, the second quarter delivered the first positive net absorption in a year and a half thanks to a limited amount of space being returned to the market. [...more...]