PICOR Connect | Trends in Commercial Real Estate

Get to Know: Linda Montes-Cota, Property Manager Extraordinaire

Posted on Thu, Jul 20, 2017

It became a standing joke. She was the envy of her peers. When was someone going to dethrone Linda Montes-Cota as the perennial Tenant Relations Award winner at C&W | PICOR? Her name was on the wall year after year. Not to mention all those Manager of the Year awards...and the big kahuna: President's Award for Excellence in 2015. 

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Topics: Tucson, Commercial real estate, Investment property, Property management

GUEST POST: THE BENEFITS OF A FULL-SERVICE CRE TEAM

Posted on Tue, Dec 22, 2015

While we maintain numerous relationships with owners of investment property that are segmented by service, the case for employing a full-service commercial real estate team was well stated in this recent post on Cushman & Wakefield's blog. Reposted here with their permission:

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Topics: Commercial real estate, Investment property, Leasing, Development, Property management

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

Posted on Thu, Mar 19, 2015

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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Topics: Tucson, Commercial real estate, Investment property, Property management

Tenant Relations: A Perennial Value Add

Posted on Thu, Dec 04, 2014

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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Topics: Commercial real estate, Market trends, Leasing, Property management

Leadership Matters! Celebrate 2013's high fliers and community leadership

Posted on Tue, Mar 04, 2014

Cushman & Wakefield | PICOR is proud to announce its 2013 award recipients and division leaders in the Tucson commercial real estate marketplace. Below the shiny graphic, you'll also find a list of community and charitable leadership roles our team members held. Tucson community involvement remains a cornerstone of our mission and culture.

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Topics: Tucson, Commercial real estate, Community, Property management, Leadership

Task Force Passes Legislation Dedicated to Fighting Metal Theft (MPA Guest Post)

Posted on Fri, Sep 13, 2013

The Pima County Metal Theft Task Force, co-chaired by Metropolitan Pima Alliance (MPA), CCIM and Building Owners and Managers Association (BOMA), successfully passed legislation dedicated to deterring metal theft. The Task Force led a three prong approach to educate Pima County residents and businesses on how to protect their property; aided law enforcement in having the tools they need to apprehend related criminals; and worked with the electorate to pass necessary legislation to prosecute and fine offenders.  

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Topics: Tucson, Commercial real estate, Investment property, Property management

Retail real estate in the digital age: A conversation with Michael Lagazo

Posted on Thu, Jun 06, 2013

If you're active in the commercial real estate social media sphere, you'll recognize Michael Lagazo as @Michael_MBA. If you're not active, take this opportunity to hear insights beyond 140 character tweets from a bright mind in the space, one with depth in the retail and mixed use environments from Southern California throughout the Southwest.

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Topics: E-Commerce, Commercial real estate, Investment property, Market trends, Property management, Retail

What Mad Men Should Know About Office Operating Expenses

Posted on Thu, Jun 14, 2012

As Sterling Cooper Draper Pryce expand their firm, surely they will want their fingers on the pulse of the latest in building operating costs.

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Topics: Tucson, Commercial real estate, Market trends, Leasing, Property management, Office

Operating Expense Trends in Retail Space

Posted on Thu, May 17, 2012

Compared to 2010, retail property occupancy levels for 2011 were up almost 16% in PICOR's portfolio over the previous year.  The average occupancy rate for PICOR’s managed portfolio was 80%, compared to 69% in 2010. While market wide vacancy was 91.6% at year end, PICOR's role in turning around distressed and receivership properties means a lower occupancy in our portfolio; however, year over year gains in traction were significant.

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Topics: Tucson, Commercial real estate, Investment property, Market trends, Vacancy, Property management, Retail

Current Industrial Operating Expense Trends

Posted on Wed, Apr 25, 2012

2011 proved to be a better year for Tucson industrial property owners than the previous year.  Occupancy levels were up: The average occupancy percentage for PICOR's managed industrial portfolio of 1.5 million square feet (sf) for 2011 was 78%, up from 71% in 2010.  Property managers continue to operate their properties with a sharp eye to the bottom line, without sacrificing service levels.  Pricing from service vendors has remained constant, and we have continued to leverage PICOR's buying power in the market to benefit owners and tenants of Tucson commercial real estate.

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Topics: Industrial, Commercial real estate, Investment property, Market trends, Vacancy, Warehouse, Property management