Local Commercial Real Estate Transactions Down, Not Out

By Corina Vanek | Phoenix Business Journal Real estate transactions such as leases and building sales have slowed but not halted in the wake of sweeping business closures due to the novel coronavirus, according to a commercial real estate expert. Jon Rosenberg, designated broker and managing partner of Scottsdale-based LevRose Commercial Real Estate, said he …

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For Clues On Metrocenter Revamp, Look to Scottsdale

By Patrick O’Grady | Phoenix Business Journal While razing what was once the largest shopping mall in the Southwest has been broached — and is part of what passes for the current plan — there’s a potential model for revitalizing the (Metrocenter) mall without doing anything to the structure. Just ask Scottsdale about the Galleria. …

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Here’s How the Valley’s Office Market Shapes Up in 2020

By Corina Vanek | Phoenix Business Journal The Valley’s office vacancy rate continued to fall during 2019, reaching 14% by the end of the year, even as the region saw the most new office construction since the end of the Great Recession. Sean Spellman, senior vice president with CBRE in Phoenix, said 2.4 million square …

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Commercial real estate growth continues to outpace supply

By Corina Vanek | Phoenix Business Journal Arizona’s commercial real estate industry saw growth in all its sectors during the past year, a big sign the local and state economy were booming. CoStar Director of Market Analytics Jessica Morin has had an inside look at some of the goings-on with the industry, and sheds some …

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IREM / CCIM annual economic forecast proved enlightening to attendees

This past Friday (Jan. 20), senior staff from the Scottsdale Area Association of REALTORS® had the opportunity to attend the 10th annual IREM/CCIM Economic Forecast event at the Arizona Biltmore. On a day when the Valley was inundated with remarkable, pristine automobiles being showcased at various luxury car shows/auctions–including the one at the Biltmore–many in the real estate industry found more …

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Scottsdale, Arizona highlighted in MIPIM international conference

MIPIM 2016 has wrapped up with Arizona receiving unparalleled exposure on the world stage!    MIPIM is the largest international commercial real estate and investment conference in the world.  It has been globally recognized for the past 26 years.  It is the one place which you can have direct access to investors, developers, brokers, engineers, …

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