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#CRE Coffee Break: Q&A with Tina Olson RPA FMA

  
  
  
PICOR CRE Coffee Break

Grab your cuppa joe for our inaugural "CRE Coffee Break!" Join us for a quick chat to get to know Cushman & Wakefield | PICOR shareholder and property management division leader, Tina Olson. In addition to heading up the firm's market-leading management team, Tina has been active in industry leadership with BOMA Tucson, BOMA International, and numerous community efforts through the PICOR Charitable Foundation, Greater Tucson Leadership and Educational Enrichment Foundation.

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The Changing Geography of Retail: TREND Report

  
  
  
Downtown Tucson Streetcar Retail 2014 by Kerry Stratford resized 600

A short time ago, in modern America, there were some maxims that simply applied at all times. After a solid 60 years of suburban expansion in the Automobile Age, it seemed like “retail follows rooftops” and “drive until you qualify” were principles of urban expansion and of real estate development that were immutable and everlasting. Cheap energy, our reliance upon automobiles, and our vision of the American Dream created a long-lasting and frenetic drive to suburban and exurban communities.

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Tucson Office Market: Come Fly with Me

  
  
  
Kleiner Tucson office 2015

Cushman & Wakefield | PICOR's Rick Kleiner, MBA, won the 24th annual Southern Arizona CCIM Forecast competition for most accurately predicting the Tucson office vacancy at year end. What follows is the transcript and slides from his recent presentation to the CCIM chapter forecast. Be sure not to miss the aerial video tour of Tucson at the end of this post!

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Finger on the pulse: Tucson's Industrial Market

  
  
  
Industrial Warehouse

Metro Tucson ended November with a total of 372,000 non-farm jobs, gaining 5,200 jobs year-over-year (YOY), an annualized job growth rate of 1.4%. Personal income rose 2.7% locally over a year earlier. HomeGoods, a division of TJX Companies, announced intent to open its western distribution center in Tucson, a proposed 800,000-square-foot (sf) facility with an estimated economic impact of nearly $900 million. HomeGoods received Pima County approval and awaits a tax incentive decision from the City in February. The real estate is being brokered in part by Cushman & Wakefield | PICOR.

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The Mixed Story on the Tucson Apartment Market

  
  
  
Apartment market

Metro Tucson ended November with a total of 372,000 non-farm jobs, gaining 5,200 year-over-year (YOY), an annualized job growth rate of 1.4%. Growth in home prices began to flatten, with a 4.6% gain in median selling price in 2014. HomeGoods, a division of TJM Companies, announced interest in opening a western distribution center in Tucson, an operation employing up to 900 with an estimated economic impact of nearly $900 million. HomeGoods received Pima County approval and awaits a tax incentive decision from the City of Tucson in February.

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Miss our Tucson Retail recap? Catch up on market news here

  
  
  
PICOR Tucson retail sales

Metro Tucson ended November with a total of 372,000 non-agriculture jobs, gaining 5,200 jobs year-over-year (YOY), an annualized job growth rate of 1.4%. Personal income rose 2.7% locally over a year earlier, while statewide retail sales were up 1.9% YOY. Tucson home prices ended 2014 with a respectable 4.6% gain in median selling price.

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Tipping our (cowboy) hats: In memory of Peter Douglas, SIOR

  
  
  
Peter Douglas SIOR

On December 25, 2014, Cushman & Wakefield | PICOR lost the most colorful block from our metaphorical quilt. Peter Douglas was a founding Principal whose cowboy nature guided a career of client and community impact. He was a founder of Greater Tucson Leadership and was inducted into the YMCA Hall of Fame in which he served on the Board for several years, and as Chairman. He was a dynamic force and presence in our firm and the loss is great.

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Tucson Office Market: 2014 Recap and 2015 Forecast

  
  
  
Office Building

From an economic standpoint, Metro Tucson ended November with a total of 372,000 non-farm jobs, gaining 5,200 jobs year-over-year (YOY), an annualized job growth rate of 1.4%. Growth in home prices began to flatten, with a 4.6% gain in median selling price in 2014. HomeGoods, a division of TJX Companies, announced interest in opening a western distribution center in Tucson, a proposed 800,000-square-foot (sf) facility with an estimated economic impact of nearly $900 million. HomeGoods received Pima County approval and awaits a tax incentive decision from the City in February. The real estate is being brokered in part by Cushman & Wakefield | PICOR.

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Tenant Relations: A Perennial Value Add

  
  
  
priceless

To borrow from MasterCard’s 17-year ad campaign run, some things are priceless. Retaining a tenant is one of them. Cleaning and refitting a space to show, vacancy carrying cost, marketing and advertising fees, commissions and incentives, lease concessions to entice a new tenant? In a market like Tucson’s where competition for tenants remains fierce, keeping them truly is priceless, and it cannot begin as the expiration date is upon you.

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Counting our Blessings, the PICOR Way

  
  
  

With many blessings to count, this year and always, we continue a tradition started last Thanksgiving, asking our Cushman & Wakefield | PICOR team members to join us in a moment of gratitude and reflection. In this short slide show, we share with you personal perspectives and photographs from heartfelt to humorous.

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