Why More Companies are Coming to the Valley
Arizona has seen a recent influx in new businesses setting up shop in the Valley, boosting the real estate and job markets for 2014. But what makes Phoenix the opportune place for these new businesses? At Valley Partnership’s June breakfast, a panel of leading Arizona businesspeople spoke about the appeal Phoenix holds for many growing organizations. The panel was moderated by Christine Mackay, Economic Development Director for the City of Chandler, and included Justin Meritt
Start-Ups Can Have Unique Office Needs
West Coast markets - including Phoenix can often be home to start-up companies with unique office space needs from creative space to short-term leases, which can be a change from the traditional tenant agreements seen in the industry. GlobeSt.com recently spoke with Eric Turner, Joe Brady and Peter Hamann a from Cresa about the specifics of start-up needs in part three of the four-part tenant Q & A series on GlobeSt.com. “While the future often looks bright for these companie
Retail is Facing Changes in Post-Recovery Era
In a recent discussion with GlobeSt.com, Shari Tucker, council chair of retail investments for Sperry Van Ness, says that retail is at a point of much change. Here's a summary of the information shared with GlobeSt.com: 1) Bigger isn’t necessarily better now. Though the retail sector is seeing fewer store closings at the same magnitude of 2008’s Circuit City bankruptcy, large-scale stores are still closing and when they do, large retail space retail landlords are facing a cha
Replacement Costs for Commercial Real Estate Making an Impact
Replacement cost levels on commercial real estate insurance policies are at an all-time high. According to industry experts, asset values and policy limits are increasing, which is causing overall premiums to jump. Replacement cost—the true construction cost to rebuild a structure from nothing more than a dirt lot—includes the hard and soft cost in the new construction process. Replacement cost is driven by many additional factors, but all tend to increase the older a propert
Phoenix Commercial Market Off to Good Start for 2014
The first three months of the year have been slowing for the commercial real estate sector. Though this is somewhat typical this time of year, it seems the overall commerical landscape in Phoenix is looking better than it did this time in 2013. According to a recent report by Colliers International, commercial real estate buying and selling dipped between the fourth quarter 2013 and the first quarter of 2014. However, commercial activity and property pricing are up across the
Helix Launches Residential RE Division
Helix, an Arizona-based commercial real estate brokerage, management, investment services and development company, announced today the launch of its residential division. The new division will provide residential leasing, sales and property management, and will be managed by Cam and Tanya Morrier, a husband and wife team who recently joined Helix, bringing a residential property management portfolio to the company consisting of 60 properties. Ryan Spiekerman, principal and fo
Helix Capital Purchases 80KSF Industrial, Medical Buildings
Two large Phoenix medical office and industrial buildings totaling more than 80,000 SF have been purchased by the Next Gen Division of Helix Capital, an Arizona-based commercial real estate brokerage, management, investment services and development company. Next Gen PV Medical, LLC purchased a 5.58-acre multi-tenant medical office plaza atNext Gen Industrial16620 N. 40th Street, Phoenix for $4M. The property features nine individual buildings, totaling 55,874 SF. Next Gen wil
