PICOR Connect | Trends in Commercial Real Estate

Tucson Multifamily Update: TREND Report

Posted on Wed, Sep 02, 2020

Amid the COVID-19 pandemic, more than 11,000 businesses in Arizona and 1,300 in Tucson received economic relief from the federal government. While Arizona posted one of the sharpest unemployment drops in the country in May, it increased in June from 9% to 10%. On a positive note, The University of Arizona reopened with a mixture of online and in-person classes on August 24th, and LendingTree.com named Tucson the number one searched market for “homes for sale” during the pandemic in the U.S.

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Topics: Tucson, Investment property, Apartments, Multifamily

Back to Business with C&W | PICOR's Kleiner

Posted on Wed, Jul 22, 2020

Last week, Cushman & Wakefield | PICOR principal and office properties specialist Rick Kleiner joined the Back to Business Radio Show and Podcast on KVOI, the Voice, in Tucson. Hosts Rob Davidson and Alan Miklofsky had an exchange with Rick about such topics as the impact of COVID-19 on various sectors of the Tucson commercial real estate market, including office and medical, industrial, retail and multi-family properties.

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Topics: Tucson, Commercial real estate, Vacancy, Leasing, Office, Retail, Medical office

The State of Tucson's Industrial Market

Posted on Wed, May 27, 2020

This report is a snapshot of where the market is today and projects where it may be in the near future.

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Join Cushman & Wakefield's Recovery Readiness Webinar

Posted on Fri, Apr 17, 2020

Yesterday, the U.S. government announced a phased plan for reopening the economy. Over the next several weeks and months, as areas stabilize from the COVID-19 pandemic and stay-at-home restrictions are lifted, organizations will begin to bring workers back into the physical workplace. As many media outlets reported, Cushman & Wakefield recently launched its Recovery Readiness Task Force (RRTF) and have plans to share best practices for reopening workplaces. 

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Topics: Economy, Commercial real estate, Leadership

Observations & Opportunities

Posted on Tue, Apr 07, 2020

It's been a couple of weeks since we updated you on "business as unusual" at Cushman & Wakefield | PICOR. With daily changes in guidance from every level of government and deeper understanding of our responsibilities to support health at the human, property, and community levels, we have continued to flex, too.

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Topics: Tucson, Economy, Commercial real estate, Market trends

Business as Unusual at C&W PICOR: COVID-19 Update

Posted on Fri, Mar 20, 2020

When the going gets tough, the tough get flexible! Our resilient team of Tucson commercial brokers, property managers, and support staff are weathering these strange days with good humor and a service-first mentality.

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Topics: Tucson, Commercial real estate, Market trends

Tucson Metro Chamber Urges Tucsonans to Support Local Restaurants

Posted on Tue, Mar 17, 2020

"We face unprecedented and uncertain times because of COVID-19. However, the Chamber has been here for 123 years, and we intend to be here to lead businesses for another century. For this reason, based on available information, we emphatically believe it is in the best interests of the community, our restaurants and the employees that work in these establishments, to modify their operations to takeout and delivery only. In a meeting led by Mayor Regina Romero, including Vice-Mayor Paul Cunningham, our members, restaurateurs, Visit Tucson and the Pima County Health Department, this recommendation was strongly advocated for by the Chamber. Restaurants are regulated on having strong health and safety standards and they have been amplified during this crisis. Mayor Romero has called a Local Emergency to go in effect tonight at 8:00 p.m., to maintain public health. Dining rooms in restaurants, bars and food courts will be closed. Mayor Romero stated, “My top priority, above all else, is to protect public health. This is a painful decision that I do not take lightly. Our restaurants and small businesses need clear, uniform direction, and this order provides them exactly that.”

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Topics: Tucson, Economy, Commercial real estate, Market trends, Retail

Coronavirus Update: 5 Reasons for Optimism, CW Research

Posted on Wed, Mar 11, 2020

Much of the analysis regarding the coronavirus impact — including ours at Cushman & Wakefield — has understandably been focused on the negative impact of the outbreak and downside scenarios. The situation is fluid, and there remain many unknowns. However, to inject a little bit of optimism and to help provide perspective, we offer five “glass half full” observations:
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Topics: Commercial real estate, Community, Investment property, Market trends

A New Stage in the Evolution of Retail: TREND Report

Posted on Tue, Mar 10, 2020

The retail sector has always been a dynamic arena of flux and of change. As our society and our culture has evolved and progressed, so has retail. The process of selling and the delivery of consumer goods has throughout history always progressed in order to keep pace with changes in transportation, technology, demographic shifts, and the resultant changes in consumer preferences. Today’s media is full of news of bankruptcies and store closures while simultaneously reporting year over year increased retail sales. While this may seem like a daunting and dangerous business environment this is business as usual for retailers and the industries that serve them. Retailing has always been a business and science that is constantly evolving. The current state of retailing is another evolution and stage of growth that will, inevitably, lead to the next stage of growth.

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Topics: Tucson, Economy, Technology, Market trends, Leasing, Retail

PICOR Charitable Foundation and Community Partners Donate a Record $78,951 to Tucson Youth Programs

Posted on Mon, Dec 30, 2019

With thanks for broad individual and community support, the PICOR Charitable Foundation (“PCF”) raised and donated nearly $79,000 in its 2019 cycle, 10% more than the previous high mark. With all event costs underwritten by in-kind community partners and PICOR corporate funds, 100% of the funds raised through the 25th Annual Pancake Feed were granted to Tucson-area youth charities. PCF is especially grateful for its capstone contributor, Burton Family Foundation, who doubled their commitment in 2019.

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Topics: Tucson, Economic development, Community