May 4, 2012: Tucson’s Select Top Industrial Leases for Q1 2012
COSTAR GROUP By: Adam Jarrett May 2, 2012 The following is an account of the Tucson market’s select top five industrial lease transactions for first quarter 2012. WESCO Distribution renewed 18,424 square feet at 1150 S Plumer Ave. in Tucson. …
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May 4, 2012: Commercial real estate grinds out small first quarter gains
INSIDE TUCSON BUSINESS Roger Yohem May 4, 2012 Where are the jobs? The substantive, significant jobs? New first quarter 2012 data show that despite growing optimism, the hard numbers depict an uneven, grinding improvement in the Tucson region. In the …
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May 2, 2012: Market Trend: Tucson’s Industrial Vacancy Increases to 11.8%
COSTAR GROUP By: Adam Jarrett May 3, 2012 The Tucson Industrial market ended the first quarter 2012 with a vacancy rate of 11.8%. The vacancy rate was up over the previous quarter, with net absorption totaling negative 66,319 square feet …
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May 2, 2012: Ten Arizona companies on the verge of something big
PHOENIX BUSINESS JOURNAL Patrick O’Grady May 2, 2012 Arizona Commerce Authority names finalists for Innovation Challenge The Arizona Commerce Authority has whittled a list of more than 300 entries down to 10 finalists for its $1.5 million Innovation Challenge. ACA officials announced …
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May 1, 2012: U.S. Consumer Confidence vs. Warehouse Demand: C&W Industrial Fact of the Week
Source: Cushman & Wakefield Research, The Conference Board. Only markets tracked by Cushman & Wakefield offices are included in this analysis. A sustained increase in consumer spending helped drive U.S. industrial users to absorb 13.6 million square feet of warehouse/distribution space in the …
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April 30, 2012: Arizona’s Economy: Data Round-Up
ELLER COLLEGE OF MANAGEMENT By: Valorie Rice and Maile Nadelhoffer March/April 2012 The Census Bureau released a report on annual state government tax collections April 12 (it was revised April 17). It stated that overall collections for states increased $55.7 …
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April 27, 2012: ITB: PICOR’s ‘no-agenda’ roundtable is remarkably insightful event
INSIDE TUCSON BUSINESS By: Roger Yohem April 27, 2012 For a get-together with no set program, Mike Hammond runs a terrific business “roundtable.” Once a year “or whenever,” the president and CEO of Picor Commercial Real Estate Services hosts about …
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April 13, 2012: ITB Covers Tucson’s ‘Power Brokers’ and LaPrise to PICOR
INSIDE TUCSON BUSINESS Roger Yohem April 13, 2012 Excerpts from the weekly Inside Real Estate & Construction column highlight annual Tucson CoStar Power Broker recognition for firms and individuals and PICOR’s expanded retail brokerage capabilities, hiring Aaron LaPrise: Tucson’s ‘Power …
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April 12, 2012: PICOR – 10 Years of Cross-Border Success
BIZTUCSON Gabrielle Fimbres April 12, 2012 Editor’s Note: The following article appears in the Spring 2012 edition of BizTucson as part of a special report on Arizona-Mexico trade: For years, PICOR Commercial Real Estate has done business along the border, …
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April 11, 2012: Tucson’s Select Top Office Leases for Q1 2012
THE COSTAR GROUP Adam Jarrett April 11, 2012 The following is an account of the Tucson market’s top five office lease transactions for first quarter 2012. Concentra Medical Center renewed 11,532 square feet at 4600 S Park Ave. in Tucson. Buzz …
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April 6, 2012: Tucson Sales & Leases
INSIDE TUCSON BUSINESS Roger Yohem April 6, 2012 Sales and leases Since January, there has been a notable increase in commercial real estate leases (see The Space Race: Commercial building leases rocket upward on pages 3-5.) The change has brokers …
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April 6, 2012: The Space Race: Commercial building leases rocket upward
INSIDE TUCSON BUSINESS Roger Yohem April 6, 2012 Editor’s note: Despite the very optimistic flavor of this article’s headline, consensus of the many seasoned Tucson brokers interviewed, both from PICOR and other Tucson commercial real estate firms, is that the Tucson …
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April 6, 2012: Cushman & Wakefield | PICOR Expands Retail Brokerage Services in Tucson
Aaron LaPrise joins Cushman & Wakefield | PICOR Commercial Real Estate, representing both shopping center owners and retailers. Bringing his expertise to one of Tucson’s top retail brokerage teams, Aaron is a native Tucsonan, formerly with The Harpel Company and …
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March 11, 2012: Retailers expanding in Tucson: Walmarts on the march
Dale Quinn ARIZONA DAILY STAR March 11, 2012 The Walmarts are coming. In the wake of the Great Recession, Walmart is one major retailer with significant plans for expansion in Tucson. The company has three new supercenters and two neighborhood …
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March 9, 2012: Inside Tucson Business: PICOR Top Achievers 2011
INSIDE TUCSON BUSINESS By: Roger Yohem March 9, 2012 PICOR Top Achievers 2011 PICOR Commercial Real Estate Services has honored several executives for their achievements in 2011, with two of the highest honors going to principals Tom Nieman and Rob …
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March 8, 2012: Tucson Power Broker Awards – CoStar Group 2011
COSTAR GROUP March 7, 2012 Each year, CoStar tallies the commercial real estate sales and lease transactions that closed during the previous year and presents CoStar Power Broker Awards to the firms and individual brokers who closed the highest transaction …
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March 2, 2012: Question for city, town and county officials: Where were you?
INSIDE TUCSON BUSINESS By Mike Varney, Tucson Metro Chamber March 2, 2012 Knock knock. Is anyone home? Does anyone on the local town councils, the Tucson City Council or the Pima County Board of Supervisors want to root for the …
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February 21, 2012: Tucson Retail Land Sale: QuikTrip to rise on old De Anza site
ARIZONA DAILY STAR By: Dale Quinn February 21, 2012 QuikTrip Corp. has purchased a portion of the former De Anza Drive-In and plans to open a location there by the end of the year. Construction of a QuikTrip convenience store …
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February 20, 2012: 2011 Tucson Commercial Real Estate Market Review & Forecast
PICOR Principal Barbi Reuter highlighted Tucson commercial real estate market statistics and performance for the Metropolitan Pima Alliance on February 17, 2012. In addition, she commented on the 2012 forecast for each market segment: office, retail and industrial. Click the following …
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February 14, 2012: Multinational Solar Company Moves into Tucson’s UA Tech Park Solar Zone
(Tucson, Arizona) The University of Arizona Science and Technology Park (UA Tech Park) is pleased to announce its newest, multinational, solar tenant — AstroSol Tech Park AZ LLC (AstroSol). AstroSol will own and operate a 6.1 megawatt solar photovoltaic facility …
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February 8, 2012: New Downtown Tucson Office Building to House RTA Headquarters
The RTA, the biggest investor in the Tucson modern-streetcar project, is planning to move into a new, streetcar-oriented building downtown. Robert Caylor Construction Co. is developing a six-story building at the northeast corner of Broadway and Stone Avenue. Caylor’s One …
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January 25, 2012: Sluggish outlook for Tucson commercial real estate
Dale Quinn ARIZONA DAILY STAR January 25, 2012 Tucson’s commercial real estate market will likely continue its lackluster performance for the foreseeable future, several brokers told a gathering of property owners and managers Tuesday. Last year, various real-estate sectors – …
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January 20, 2012: Tucson CREW Elects 2012 Leadership and Recognizes 2011 Achievements
Roger Yohem INSIDE TUCSON BUSINESS January 20, 2012 Attorney Linda McNulty of Lewis & Roca has been named 2012 president of Tucson CREW (Commercial Real Estate Women). She is a partner with the firm’s real estate and finance practice groups. During her …
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January 12, 2012: Tucson’s Office Market Shows Improvement in 4Q 2011
Two recent releases from CoStar, the primary commercial property data source for Tucson office market data, indicate improvement in the Tucson office market at year end 2011, consistent with PICOR’s own year end report and forecast. PICOR office specialists handled …
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January 11, 2012: With concerted effort, Tucson can become next mini-Silicon Valley
Fernando Martinez ARIZONA DAILY STAR January 11, 2012 In the midst of all the difficulties that the U.S. economy is going through, Silicon Valley stands out as the exception. In Santa Clara or Palo Alto, Calif., incomes are almost twice …
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January 11, 2012: Tucson’s Raytheon unit awarded multiple contracts
ARIZONA DAILY STAR December 2011/January 2012 Tucson Raytheon unit wins $213M in contracts for ship-defense missile January 11, 2012 Tucson-based Raytheon Missile Systems has been awarded two contracts totaling $212.8 million for the production of the Evolved Seasparrow Missile, with …
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January 4, 2012: Forecasters predict surge in Mexican peso in early 2012
Ben Bain and Zachary Tracer BLOOMBERG/ARIZONA DAILY STAR January 4, 2012 MEXICO CITY – The Mexican peso, Latin America’s most battered currency in 2011, is forecast to post the region’s biggest gains in the next six months as policy makers …
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December 20, 2011: Ugly Grant could get major face-lift with overlay zone
Rhonda Bodfield ARIZONA DAILY STAR December 20, 2011 As streets go, there’s ugly, and then there’s Grant Road. Jim Hogan has been in business along Grant since 1976, and he’ll be the first to say it’s not an attractive street. …
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December 14, 2011: Bank sells Briarwood Apartments, PICOR brokers sale
INSIDE TUCSON BUSINESS December 14, 2011 A group of investors based in Chicago and Jacksonville, Fla. have purchased the distressed Briarwood Apartments out of foreclosure. For $6 million, College Town Tucson LLC acquired the 196-unit complex at 1300 E. Ft. …
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December 14, 2011: Shippers looking to take Tucson’s railway port international
KVOA TV December 14, 2011 TUCSON – Did you know Tucson has a port? It’s a domestic railyard port, but shippers are planning to expand it to an international port that could help Tucson’s economy pick up steam. Trains roll …
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December 13, 2011: Tucson tech: Cost-cutting technologies can help U.S. compete in solar
David Wichner ARIZONA DAILY STAR December 13, 2011 It wasn’t exactly a chamber-of-commerce day in Tucson as a key U.S. Energy Department official visited on Monday to talk solar energy with local researchers and industry folks. But despite the rain …
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December 9, 2011: Tucson should recover lost jobs by 2015, UA economist forecasts
INSIDE TUCSON BUSINESS December 9, 2011 Tucson’s economic recovery is happening – slowly and not assuredly - and if his projection holds true, economist Marshall J. Vest says Tucson should recover all of the jobs lost during the economic recession …
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December 8, 2011: Commercial Real Estate and Technology: Get on Board
Barbi Reuter, PICOR TREND REPORT December 2011 Commercial real estate (CRE) is a relationship business. Technology tools enhance relationships and service delivery; they don’t replace them. Said another way, technology and social media are not ends in themselves, but means …
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December 5, 2011: Tucson New Multifamily Construction
Bob Kaplan, PICOR TREND REPORT December 2011 After almost two decades of very modest Apartment construction in Pima County, apartment developers have suddenly become very active this past year. There are currently 7 projects under construction in Pima County and …
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November 30, 2011: Tucson Business Organizations Sign Unprecedented Cooperation Agreement
Tucson Regional Economic Opportunities, Inc. (TREO), Southern Arizona Leadership Council (SALC), Tucson Metro Chamber (TMC) and the Tucson Hispanic Chamber of Commerce (THCC) have signed a cooperation agreement to advance Tucson as an economically-viable region that can compete on a …
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November 29, 2011: Summit Products Inks 22,000-SF Deal
Summit Products leased 22,239 square feet at 576 E. 16th St. in Tucson, AZ from Sydco Realty Company. Summit Products provides cabinetry, countertops, and sinks at wholesale discount prices. The tenant will be relocating from its current 8,000-square-foot location at …
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November 18, 2011: Visit, invest in Sonora, its governor urges
By: Ernesto Portillo, Jr. ARIZONA DAILY STAR The Mexican state of Sonora wants to do more business with Arizona, said Gov. Guillermo Padrés Elías, saying American investments will receive a strong and safe return. In his first official visit to …
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November 16, 2011: People to Know 2011 – PICOR Nominees
AZBIGMEDIA November 16, 2011 AZRE Magazine’s People to Know 2011 reception and awards ceremony was held on November 10, 2011 at the Scottsdale Waterfront. In attendance was Arizona’s largest local and national real estate audience, including the following People to …
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November 11, 2011: Sun Corridor’s advantages could draw global business away from other ports
By: Roger Yohem INSIDE TUCSON BUSINESS November 11, 2011 Close to the visionary Sun Corridor, the Port of Tucson is a thriving logistics operation located right on the Union Pacific Railroad’s main east-west line across the United States. Due to …
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November 7, 2011: Arizona trade helped by strong Mexican economy
By: Joshua Armstrong, Cronkite News Service ARIZONA DAILY STAR November 7, 2011 WASHINGTON – A strong Mexican economy is helping Arizona keep pace with other states in export sales this year. Mexico accounted for more than a third of the …
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October 31, 2011: Safelite AutoGlass expands into huge space
By: Roger Yohem INSIDE TUCSON BUSINESS November 1, 2011 Safelite AutoGlass has leased a large space near the Tucson International Airport to expand its service and warehouse operations. The vehicle glass repair and replacement service specialist has taken 33,311 square …
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October 28, 2011: Inside Tucson real estate & construction
By: Roger Yohem INSIDE TUCSON BUSINESS October 28, 2011 Tucson commercial real estate news, excerpted from Inside Tucson Business’ full column: Apartments improve If conditions hold, the multi-family sector in Tucson will record its best year since 2008. Although not a …
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October 27, 2011: Tucson’s Select Top Industrial Leases for Q3 2011
By: Adam Jarrett COSTAR GROUP October 27, 2011 The following is an account of the Tucson market’s select top 10 industrial lease transactions for third quarter 2011. B/E Aerospace renewed 90,000 square feet and expanded into an additional 26,000 square …
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October 20, 2011: Tucson’s Select Top Retail Leases for Q3 2011
By: Adam Jarrett COSTAR GROUP October 20, 2011 The following is an account of the Tucson market’s top 10 retail lease transactions for the third quarter 2011. Whole Foods renewed 44,000 square feet for 20 years in Casas Adobes Plaza at 7119-7133 …
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October 18, 2011: Arizona moves from 8th to 3rd in solar-energy workers
ARIZONA DAILY STAR October 18, 2011 Arizona ranks third among the states for the number of solar-energy jobs, up from eighth last year, says an industry survey released Monday. Arizona had an estimated 4,786 solar jobs and 980 solar establishments …
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October 17, 2011: Tucson’s Select Top Office Leases for Q3 2011
By Adam Jarrett COSTAR GROUP October 17, 2011 The following is an account of the Tucson market’s top 10 office lease transactions for third quarter 2011. Providence Service Corp. leased 22,667 square feet at 1161-1181 N El Dorado Place in …
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October 17, 2011: Tucson’s Select Top Office Leases for Q3 2011
By: Adam Jarrett COSTAR GROUP October 17, 2011 The following is an account of the Tucson market’s top 10 office lease transactions for third quarter 2011. Providence Service Corp. leased 22,667 square feet at 1161-1181 N El Dorado Place in …
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September 30, 2011: ‘Nicest luxury’ apartment complex prepares to open
By: Roger Yohem INSIDE TUCSON BUSINESS September 30, 2011 Apartment developer Humberto Lopez confidently boasts his newest complex is “the nicest luxury project in Tucson.” At a cost of $35 million, the 13-acre project seems to defy financial logic during …
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September 28, 2011: A banner week for Tucson jobs announcements
MULTIPLE SOURCES September 28, 2011 In today’s Arizona Daily Star, news of three firms with plans to hire hundreds of employees in greater Tucson is welcome news for Tucson’s economic development road to recovery. Bombardier First, Governor Jan Brewer and …
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September 20, 2011: Tucson CREW presents an AZ Town Hall Event: Capitalizing on Arizona’s Arts & Culture
Tucson Commercial Real Estate Women (CREW) has partnered with Arizona Town Hall to present a luncheon program and panel discussion on the impact of arts and culture on our local economy. The event will be held Thursday, October 20, 2011 …
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September 9, 2011: Picor introduces QR codes to market commercial real estate
By: Roger Yohem INSIDE TUCSON BUSINESS September 9, 2011 In marketing and sales, creativity can make a difference and lead to a successful business transaction. It’s a competitive philosophy that has been embraced by Picor Commercial Real Estate Services in …
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September 8, 2011: California Investors Acquire Tucson Strip Center
By: John Walz COSTAR GROUP September 8, 2011 Emanuel Yashari of Santa Monica-based Emma Corporation and Frank Pournazarian of Encino-based Parkford Properties purchased the 34,950-square-foot Eastridge Plaza shopping center for $2.64 million, or about $75.50 per square foot, from San …
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September 6, 2011: President Sander visits the University of Arizona Research Parks
Click here for more information on space available in UA Tech Park.
September 1, 2011: PICOR and Pearlmark Real Estate Partners lease 21,579 SF at 333 E Wetmore
By: Rick Kleiner, MBA TREND Report September 2011 With the signing of two of the quarter’s largest office leases for new space, occupancy at 333 East Wetmore has reached 90%, outpacing the market average of 87.5% and achieving the highest …
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September 1, 2011: Trends in the Tucson Medical Office Market – On the Road to Better Health?
By Tom Nieman, Rick Kleiner, MBA, Tom Knox, SIOR – PICOR TREND Report September 2011 Overview The current medical office market environment is dynamic and challenging, and participants need to take a long-term view in order to see the end of the …
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September 1, 2011: Controlling Office Building Operating Expenses in a Competitive Environment
By: Eileen Lewis, PICOR TREND Report September 2011 Building operating costs are a major component of the monthly rent paid by office occupiers each month, and property managers, landlords and tenants in Tucson’s office buildings are motivated to control expenses …
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September 1, 2011: Tucson Commercial Real Estate Women (CREW) September Luncheon: Appraisal Panel
Interested in the commercial real estate market in Tucson? September’s appraisal program is an open meeting. RSVP to: Tucson CREW
August 26, 2011: County unveils $230M economic development plan
By Patrick McNamara INSIDE TUCSON BUSINESS August 26, 2011 When Raytheon Missile Systems, the region’s largest employer, decided in 2010 to open a new manufacturing facility at Huntsville, Ala., instead of Tucson, it raised the spectre: What if Raytheon left Tucson …
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August 18, 2011: Activate Tucson: Worksite Wellness Executive Business Forum
Activate Tucson, a collaboration effort by Tucson organizations to get our community moving, is presenting a free wellness forum for Tucson area business executives on Friday, September 16th from 7:30 – 9:00 a.m. Breakfast provided by Lodge on the Desert. …
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August 18, 2011: New on PICOR Connect: Arizona’s slow housing recovery and the multifamily market impact
By: Allan Mendelsberg PICOR CONNECT August 18, 2011 Once the poster child for national population growth and housing starts, Arizona, like other states historically reliant on construction, took a beating in the downturn, and the well-publicized forecast points to a …
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August 13, 2011: Firm’s luxury aircraft interiors in demand
Editor’s note: Peter Douglas, SIOR with PICOR Commercial Real Estate Services and Graham Real Estate Advisors handled BE Aerospace‘s recent expansion from 90,000 square feet to 129,652 square feet in Tucson. By: David Wichner ARIZONA DAILY STAR August 13, 2011 …
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August 12, 2011: Vast scope of commercial real estate hard to imagine
By Roger Yohem INSIDE TUCSON BUSINESS August 12, 2011 OK, so it’s a twisted spin of an old joke, but here goes: How many commercial business buildings does it take to serve Tucson’s 1 million residents? The detailed answers are in …
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August 9, 2011: Tucson Commercial Real Estate Financing Trends: Guest Post
By: Eric Lamb WELLS FARGO August 9, 2011 As everyone knows, the past few years have been a tumultuous time for the commercial real estate market. On the financing side, banks have spent a lot of time managing their loan …
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August 5, 2011: Tucson tourism improves despite major budget cut
By: Courtney Carlmark KOLD 13 TUCSON, AZ (KOLD) – Classic cars, boats, hot rods, and much more will take over the Tucson Convention Center this weekend. 6,000-8,000 folks are expected to walk through the TCC doors Saturday for the second …
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July 30, 2011: Unrecorded restriction may doom Tucson land deal
By: Matthew Casey ARIZONA DAILY STAR July 30, 2011 A proposal to build a Sam’s Club on city land at Interstate 19 and West Irvington Road is on hold because city officials overlooked a restriction prohibiting retail development on the site …
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July 26, 2011: Tucson’s Solon Corp. seeks better ways to store energy
By: David Wichner ARIZONA DAILY STAR July 26, 2011 The sun and wind are great sources of clean and renewable energy, but the sun doesn’t always shine and the wind doesn’t always blow. A new local research project aims to …
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July 26, 2011: New call center plans to hire 600 in Tucson
By Phil Villarreal ARIZONA DAILY STAR July 26, 2011 A Florida-based company will open a call center in Tucson and host a job fair Wednesday and Thursday to fill full-time positions. Customer service company CustomerContactChannels (C3) will open its first …
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July 21, 2011: Sad to say, the economic recovery has bypassed Pima County
By: Roger Yohem INSIDE TUCSON BUSINESS July 21, 2011 For economic conditions to improve in Tucson and Pima County, only one thing matters: jobs. But from where? We already have too many university and government jobs. Manufacturing diversity is weak. …
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July 18, 2011: Market Trend: Tucson’s Office Vacancy Stays at 12.5%
By Justin Summer COSTAR July 18, 2011 Net Absorption Positive 16,150 SF in the Quarter The Tucson Office market ended the second quarter 2011 with a vacancy rate of 12.5%. The vacancy rate was unchanged over the previous quarter, with …
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July 11, 2011: US-Mexico border finds new role as tourist draw
By Tim Gaynor REUTERS NOGALES, Ariz | Mon Jul 11, 2011 5:05am EDT (Reuters) – After listening to a fiery national debate about the impact of illegal immigration and drug smuggling over the porous U.S.-Mexico border, retiree Edgar King figured he would make up …
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June 22, 2011: Unanimous Pima County approval for 300 acre FRV Solar Farm
By: Rhonda Bodfield ARIZONA DAILY STAR June 22, 2011 The Pima County Board of Supervisors unanimously approved a vast solar energy farm west of the Tucson Mountains that was pitched as a linchpin for the area’s ability to lure such …
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May 12, 2011: UA Bio Park is now development-ready; construction set to ‘go vertical’ this summer
By Roger Yohem INSIDE TUCSON BUSINESS May 12, 2011 With Phase I complete, the University of Arizona’s 65-acre Bio Park is “development-ready.” That milestone has prompted private developers and investors to move forward on their business plans at the massive …
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May 3, 2011: PICOR brokers sale of 5 Beaudry RV properties to Tampa firm for $9.55M as ‘strategic location’
By Dale Quinn ARIZONA DAILY STAR May 3, 2011 Lazydays, a Tampa, Fla.-based recreational vehicle company, has acquired the property in Tucson once owned and occupied by Beaudry RV. Lazydays paid $9.55 million for the RV campground, sales and service …
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April 29, 2011: Towers of power: UA tech park gains world-class solar panels
By: David Wichner ARIZONA DAILY STAR April 29, 2011 Tucson added to its growing solar-energy credentials Thursday with the dedication of one of the world’s most efficient photovoltaic systems at the University of Arizona Scie nce and Technology Park. …
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April 21, 2011: Region to see fundamental economic shift away from residential development
By Roger Yohem INSIDE TUCSON BUSINESS April 21, 2011 The housing industry’s reign in Southern Arizona as a traditional economic power may be over. Outside-the-market analysts, free of the opinions and influence of local business leaders, are firming up projections …
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April 15, 2011: Strong opportunities for Tucson Class A apartments
By Eric Lamb, Wells Fargo INSIDE TUCSON BUSINESS April 15, 2011 It is generally accepted that there are four major types of commercial real estate: office, industrial, retail and multifamily (apartments). The demand for commercial real estate peaked in 2007 …
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April 12, 2011: Push is on to secure dispensary locations
By Dale Quinn ARIZONA DAILY STAR April 12, 2011 In a small east-side strip mall that includes a martial-arts school and a dental office geared toward children, one of Tucson’s first medical-marijuana dispensaries could soon open its doors. About four …
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April 3, 2011: ‘Science City’ fits Tucson’s image
By: Tom Beal ARIZONA DAILY STAR April 3, 2011 “Science City” – that’s how Tucson should be known and branded, says UA Dean of Science Joaquin Ruiz. To begin with, research science is a big deal at the University of …
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March 31, 2011: Tucson area real estate limited for medical marijuana operations
By Patrick McNamara INSIDE TUCSON BUSINESS March 31, 2011 With the rules that govern Arizona’s burgeoning medical marijuana industry finalized, interest in opening a qualified dispensary is high. But finding available space for a dispensary or cultivation operation in the …
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March 31, 2011: Name that Blog!
By PICOR Commercial Real Estate March 31, 2011 PICOR is launching it’s new blog, and “PICOR Blog,” just lacks, well….sizzle. Here’s where you can help: Throw one or more names in the hat, and you could win a $100 gift …
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March 18, 2011: Leadership Matters
By Barbi Reuter, Principal PICOR COMMERCIAL REAL ESTATE SERVICES March 18, 2011 As Tucson moved closer to recovery in 2010, our 40 professionals brought value to their clients and team by bringing time-tested guidance to each transaction and assignment. We …
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March 13, 2011: Commercial real estate glass half … something
By Dale Quinn ARIZONA DAILY STAR March 13, 2011 After two years of gloomy talk about commercial real estate, local brokers are feeling glimmers of optimism. While landlords and sellers in all market segments – retail, office, industrial and multifamily …
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March 3, 2011: Donations in Action
Pancake Breakfast By PICOR March 3, 2011 The PICOR Charitable Foundation (PCF) donated funds to the Educational Enrichment Foundation (EEF) and sponsored their annual shoe shopping event for disadvantaged children and teens at the Payless Shoesource on 22nd & Alvernon …
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February 14, 2011: Retailers ponder consumer’s new conservative spending
By Roger Yohem INSIDE TUCSON BUSINESS February 14, 2011 The question for the retail commercial real estate sector in the Tucson region is: Will the rate of store openings outpace the rate of store closings? As retailers adjust to the …
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February 1, 2011: How Your Organization Can Evolve Into An Over-The-Top Workplace Of The Future
By Baron Hanson SMARTBLOG INSIGHTS February 1, 2011 Welcome to the modern world of over-the-top workplaces designed to save employees time, money and life-aches. For advanced companies and executives in specialized human resource or innovation-driven industries, over-the-top workplaces designed to …
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January 6, 2011: Arizona and Sonora need each other for economic growth
By Opinion/Editorial ARIZONA DAILY STAR January 6, 2011 The neighboring states of Arizona and Sonora need each other, but their long, strong relationship was badly damaged over the past year. It’s vital that healing and repair be political and economic …
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January 2, 2011: Tucson group going south to promote trade with Mexico
By Mariana Alvarado and Tim Steller ARIZONA DAILY STAR January 2, 2011 A group of local business owners is planning to travel to Hermosillo and Ciudad Obregón, Sonora to promote cross-border commerce and get the word out to Tucsonans that …
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December 26, 2010: Tucson Real Estate: New tenants starting to fill empty stores
By Dale Quinn ARIZONA DAILY STAR December 26, 2010 As 2010 comes to a close, many of the gaping holes in shopping centers across Tucson have been filled. Burlington Coat Factory settled into a 65,000-square-foot space once occupied by Dillard’s …
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December 17, 2010: Congress Passes Critical CRE Tax Legislation
BOMA INTERNATIONAL December 17, 2010 Late last night, Congress passed an $859 billion tax bill, which includes provisions that will strengthen commercial real estate and economic recovery. The legislation includes two tax extensions that will greatly affect real estate: the …
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December 2, 2010: Backers want to engineer Tucson-Phoenix high-speed rail
By Alyssa Newcomb TUCSON SENTINEL December 2, 2010 A high-speed rail line between Tucson and Phoenix would create jobs and relieve traffic congestion, an interest group contends. “High-speed rail would have a pretty big and positive impact. It’s done a …
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November 22, 2010: PICOR Charitable Foundation Grants $34,000
By Barbi Reuter, Principal PICOR COMMERCIAL REAL ESTATE SERVICES November 22, 2010 In its 16th year, employees of PICOR, through its Charitable Foundation (PCF), ran a highly successful development effort which is nearing $500,000 in funds raised and donated since …
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November 19, 2010: Job Picture Brightens in Pima County, Statewide
By Howard Fischer ARIZONA DAILY STAR November 19, 2010 PHOENIX – The state’s economy is showing signs of life. New figures Thursday from the Arizona Department of Commerce put the jobless rate for October at 9.5 percent on a seasonally …
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November 5, 2010: Commercial office market shows signs of stabilizing; residential foreclosures fall
By Roger Yohem INSIDE TUCSON BUSINESS November 5, 2010 Although leasing and sales activity in the office sector has been mostly consistent through the first three quarters of 2010, market watchers aren’t ready to declare that a sustainable recovery is …
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November 2, 2010: 5 reasons working from home (or Starbucks) is a bad idea
By James Reinhart VENTURE BEAT November 2, 2010 (Editor’s note: James Reinhart is a serial entrepreneur and co-founder of thredUP. He submitted this column to VentureBeat.) So you’ve got this idea for a product. You pull a few friends in …
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October 18, 2010: Commentary: Lease accounting rule would hit commercial real estate when it’s already down
By Henry H. Chamberlain WASHINGTON POST October 18, 2010 In response to Danielle Douglas’s article on Oct. 4, “Changing the equation: New accounting rules would require companies to show leases as liabilities,” the logic of altering Financial Accounting Standards No. …
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October 13, 2010: Tucson Office Market Sector Remains Consistent
By AZ Business Magazine AZNOW.BIZ October 13, 2010 Uncertain whether the market has bottomed out, buyers and tenants continue to be hesitant whether they should take advantage of attractive sale and lease opportunities. That’s the word on the street as …
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October 11, 2010: When Is Rental Real Estate an Active Business?
By Robert Willens CFO.COM October 11, 2010 With lease accounting due to go through major changes over the next year, it is a good time to review other real estate rental issues, particularly those having to do with tax-free divestitures. …
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October 8, 2010: Solar Industry Jobs: Are we missing our chance?
By Maura O’Connor PRACTICAL COUNSEL/GLOBEST.COM October 8, 2010 China knows that it has an air pollution problem. There’s heavy dependence on coal and fossil fuels, less experience with environmental remediation, and a fast-growing industrial sector. Air quality problems were brought …
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October 8, 2010: Is Commercial Real Estate Recovering?
By Jeff Harding SEEKING ALPHA October 8, 2010 The recovery of the economy depends on several important factors, but the recovery of the real estate market is near the top of the list, especially commercial real estate (CRE) because most …
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September 21, 2010: How Immigration Reform Could Affect Retail Real Estate
By Elaine Misonzhnik RETAIL TRAFFIC September 21, 2010 As Arizona’s Senate Bill 1070 (SB 1070) went into effect on July 29, local media outlets predicted Armageddon for the state’s retail businesses. SB 1070, otherwise known as the Support Our Law …
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September 17, 2010: Diversifying our economic engines: How to get Tucson in gear
By Frances Merryman TUCSON SENTINEL September 17, 2010 The recession of the last few years has wreaked havoc on Arizona’s growth-based economy. The credit and housing crises resulted in a free fall of dramatic proportions, job losses across all sectors …
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September 15, 2010: CMBS Industry Welcomes Landmark Court Decision
By Matt Hudgins NATIONAL REAL ESTATE INVESTOR September 15, 2010 A court decision in Arizona may provide a blueprint for special servicers across the nation as they seek to recover the value of defaulted loans rolled into commercial mortgage-backed securities …
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September 10, 2010: Maquiladoras are making a comeback in Sonora
By Keith Rosenblum INSIDE TUCSON BUSINESS September 10, 2010 NOGALES, Sonora — Never has a Mexican city had two American cheerleaders like Richard Rubin and Robert Klosek. The two, principals at Javid de México, will hold their Nogales up to …
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September 1, 2010: Office Sector Challenges and Opportunities
By Tom Nieman, PICOR TREND REPORT September 1, 2010 When I was asked to prepare a few words regarding the current state of the Tucson office market, I figured that I’d try to report on some topics other than the …
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August 20, 2010: Jim Sellers sells Tucson to life insurance companies
By Roger Yohem INSIDE TUCSON BUSINESS August 20, 2010 Commercial mortgage banker Jim Sellers is a conservative guy who thrives in a conservative business. His clients are looking for low-risk, long-term investments. During his 50-year career, the cornerstone of his …
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August 13, 2010: Convergys and Geico expansions to add 380 jobs
By Joe Pangburn INSIDE TUCSON BUSINESS August 13, 2010 Convergys Corporation had announced it was going to add 300 jobs somewhere in the world and last week, announced that somewhere would be Tucson. Meanwhile, at another call center, Geico said …
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August 12, 2010: The Roadmap To A High-Speed Recovery
By Richard Florida THE NEW REPUBLIC August 12, 2010 Speaking at a health care reform rally in Raleigh, North Carolina, in July 2009, President Obama declared that the worst of the recession was over. “We have stopped the free-fall. The …
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August 6, 2010: Tenants benefit from rent and tenant improvement concessions
By Richard Kleiner, Thomas Knox INSIDE TUCSON BUSINESS August 6, 2010 When considering the current status of Tucson’s commercial office market, the circumstances clearly are full of haze and uncertainty. That’s why we start by posing these questions: Is the …
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August 4, 2010: Lehman Makes Its Next Property Gamble
By Lingling Wei WALL STREET JOURNAL August 4, 2010 Lehman Brothers Holdings Inc., brought down in part by its huge property investments, is doubling down on some of its existing deals in a bet that commercial property markets are near …
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August 4, 2010: Global Property Sales Soar in First Half of 2010 as U.S. Deals Rebound
By Denise Kalette NATIONAL REAL ESTATE INVESTOR August 4, 2010 A new report on global commercial property transactions shows that sales of major properties valued at $10 million or more surged in the first half by 75% compared with the …
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August 1, 2010: A Place for Rent Relief: Looking into retail tenant rent relief programs available in Arizona
By Tom Ellis AZBigMedia July/August 2009 As the recession continues to squeeze the bottom line at retail outlets, rent relief is an option that could keep stores open and space filled. But Arizona retailers must proactively ask for help and …
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July 28, 2010: New Frontiers in Retail
By Barbara E. Champoux, Esq. CREW NETWORK July 28, 2010 Retail defines how we live, what we do for our health, safety and fun, and for many of us, our careers. Because it is such an integral part of our …
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July 12, 2010: Is Commercial Real Estate Bouncing Back?
By Ruchika Tulshyan TIME July 12, 2010 Commercial real estate is showing signs of a market bottom, says Mike Kirby, chairman of Green Street Advisors, a Real Estate Investment Trust (REIT) research firm. Kirby tells TIME which parts of the …
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July 8, 2010: Linking Green Buildings, Productivity and the Bottom Line
By George Boué GREENER BUILDINGS July 8, 2010 Can promoting green initiatives and certifying the workplace as green increase productivity? And if so, what is the impact to the bottom line? A review of scientific literature and studies indicate quite …
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June 7, 2010: Building Arizona’s Future: Jobs, Innovation & Competitiveness
By Barbi Reuter TREND REPORT June 7, 2010 Days after Arizona’s debate-provoking passage of the nation’s toughest immigration law, the 96th Arizona Town Hall convened in Tucson under the banner “Building Arizona’s Future: Jobs, Innovation & Competitiveness.” Against a backdrop …
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May 21, 2010: Follow Friday: The Pros You Should Know
REALTYINFUSION May 21, 2010 Since we’ve started our new Follow Friday series, the response has been incredible. As one reader pointed out, this is more than just some simple Twitter recommendations — it’s an evolving yearbook of the amazing people …
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May 14, 2010: A Borrower’s Guide to the Changing Lender Landscape
REAL CAPITAL ANALYTICS May 14, 2010 Following two years of sharp contraction, multifamily and commercial real estate credit markets have shown fresh signs of life in recent months. Consistent with the first quarter’s year-over-year increase in sales volume, financing for …
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May 11, 2010: Industrial Real Estate in Ambos Nogales
By Denisse Angulo, PICOR TREND REPORT May 11, 2010 Two Countries, Two States, Two Cities, One Community… Despite being separated by the border line, Nogales, Sonora and Nogales, Arizona, commonly known as “Ambos Nogales”, has been a community of industry …
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April 29, 2010: Making Social Media Pay
By Mariwyn Evans REALTOR® MAGAZINE April 29, 2010 For the best ROI, integrate social networking into your broader marketing strategy and use time-saving tactics. You’re all over social media. You have 2,000 followers on Twitter and more than 300 subscribers …
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April 26, 2010: Magazine’s cover story boosts local solar industry
By Dale Quinn ARIZONA DAILY STAR April 26, 2010 Tucson is featured on the cover of a business publication along with an article highlighting the area’s solar industry. Business Facilities: The Location Advisor calls Tucson “The Solar City” on the …
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April 9, 2010: NYC’s Rockefeller Group builds Tucson’s first LEED-certified industrial building
By Roger Yohem INSIDE TUCSON BUSINESS April 9, 2010 A new 113,500 square foot industrial building near Tucson International Airport, created by the developers of Rockefeller Center in New York City, has earned some impressive state and national recognition. Located …
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February 9, 2010: Absent speculators, office market stays stable
By Roger Yohem INSIDE TUCSON BUSINESS February 9, 2010 All categories of commercial real estate saw vacancy rates rise to double-digit levels in 2009. The office market however, was the only sector to achieve a measure of relative stability. It …
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December 12, 2009: UA bio park kicks into gear
By Josh Brodesky ARIZONA DAILY STAR December 12, 2009 The University of Arizona has broken ground on infrastructure for its planned Bioscience Park on the south side, but what development comes next, or when it comes, remains unclear and potentially …
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October 5, 2009: Lower Land Prices, Rents May Lure Big Box Retailers To Reconsider Certain Markets, Locations
By Sasha M Pardy COSTAR October 5, 2009 But Most Remain Cautious, Awaiting Confimation of Shoppers Confidence and Spending Levels At its annual investor and analyst conference last week, Lowe’s announced its growth strategies for the year ahead. During 2009, …
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August 4, 2009: Positive sign: Home sales inventories fall to under 6 months’ supply
By Joe Pangburn INSIDE TUCSON BUSINESS August 4, 2009 In what may be one of the most positive signs yet that the Tucson residential real estate market is poised for recovery, Long Realty Research Center data shows inventories of homes …
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July 14, 2009: Tucson apt. vacancies near 10%
By Dale Quinn ARIZONA DAILY STAR July 14, 2009 The climbing number of apartment vacancies in Tucson outpaced the nation during the second quarter of this year, data from a New York-based real estate research firm shows. Fueled by job …
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July 14, 2009: Struggling Valley retailers pursue rent relief
By Max Jarman THE ARIZONA REPUBLIC July 14, 2009 Struggling Valley retailers pursue rent relief Businesses small to large seek concessions from landlords to deal with recession’s effects – and they’re getting them Restaurants and retail stores, hit hard by …
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June 30, 2009: Tucson Sales & Leases
AZSTARNET.COM June 30, 2009 Leases • Kleinfelder West Inc. has renewed its lease for 4,416 square feet at the Broadbent Interstate Center, 2015 N. Forbes Blvd. Rob Glaser of Picor Commercial Real Estate Services represented the landlord, Forbes Tucson LLC. …
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May 8, 2009: Tucson sales activity – 2009 to 2008 comparison
By Barbi Reuter, Principal, PICOR Commercial Real Estate, a Cushman & Wakefield Alliance Member May 8, 2009 Investment sales activity fell off the cliff in mid-2008 across the commercial sectors, including undeveloped land. Comparing first quarter 2009 sales activity to …
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November 7, 2008: PICOR to manage some TMC holdings
ARIZONA DAILY STAR November 7, 2008 PICOR Commercial Real Estate Services will manage Tucson Medical Center’s non-hospital properties, which total more than 2 million square feet, PICOR announced Thursday. The group will provide on-site management for the properties as well …
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January 4, 2008: PICOR joins with Cushman & Wakefield
By Joe Pangburn INSIDE TUCSON BUSINESS January 4, 2008 PICOR Commercial Real Estate Services is now the exclusive alliance member for the greater Tucson Area of Cushman & Wakefield. Cushman & Wakefield is a global real estate and project management …
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January 4, 2008: PICOR allies with worldwide firm
By Christie Smythe ARIZONA DAILY STAR January 4, 2008 Tucson, Arizona | Published: 01.04.2008 One of the world’s biggest commercial-real-estate firms has forged an alliance with locally based PICOR Commercial Real Estate Services. Under the agreement, effective next week, PICOR …
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