PICOR Connect | Trends in Commercial Real Estate

Tucson Apartment Investment Report: Confidence returns

Posted on Fri, Apr 29, 2011

The Tucson apartment investment market is enjoying improved operating fundamentals and renewed interest from investors as confidence returns.

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Topics: Tucson, Commercial real estate, Investment property, Absorption, Apartments, Multifamily

Arizona Solar Commercial Property: The Solar Zone

Posted on Wed, Apr 20, 2011

For those considering solar commercial property in Arizona, Tucson's Solar Zone, a 250-acre park established within the University of Arizona's Science and Technology Park, is a leading hub for solar power generation, distribution, research and development. In working to recruit solar energy companies worldwide, the team is generating synergies and working to position the site at the industry's leading edge. Read more in this article, which first appeared in TechConnect Magazine:

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Topics: Tucson, Industrial, Solar, Technology, Commercial real estate, Economic development, Market trends

Tucson Industrial Market Trends: Business expansion and contraction

Posted on Thu, Apr 14, 2011

In 19 years tracking the Tucson industrial market, business park occupancies peaked in 2007 at 94.9%. What does the 2010 trough of 82.0% (second only to 1992 by a hair) tell us about the state of business expansion and contraction in the Tucson industrial sector, and is it a microcosm of national market conditions?

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Topics: Tucson, Industrial, Commercial real estate, Investment property, Absorption, Market trends, Leasing

Commercial real estate in Tucson: Should my business lease or buy?

Posted on Wed, Apr 06, 2011

As simple as it seems, this can be a very difficult question, whether you seek Tucson office space or another type of commercial building.  Every business is different...yet the factors affecting this decision are pretty constant.  A good place to start is a discussion with your attorney and/or CPA to determine which options provides the best tax advantage for your business.  Tax deductions, depreciation, appreciation, improvement costs and payments are all treated differently with a lease or a mortgage. Pending rules related to lease accounting are due out this summer and may impact how businesses approach the lease versus buy decision.  There are many aspects to this question, and it will require an expert's help. 

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Topics: Tucson, Lease accounting, Commercial real estate, Investment property, Leasing, Office

You Lead the Commercial Real Estate Market? So What?

Posted on Fri, Apr 01, 2011

A short history...PICOR began quietly, as a humble Tucson commercial real estate boutique firm in 1985. Back in the day, our founder gave a sly smile when anyone would say, or imply, "who are these guys?" Never seeking to dominate the market--only to deliver service that exceeded expectations--growth happened. It happened organically. Mike Hammond, then Tucson’s top producing commercial broker, built a firm with a culture that accepted nothing less than the best, taking a charitable approach in the community, and with clients and competitors in conflict resolution. He was fond of saying, “Marketing is too important to be left to the marketing department,” and built the firm on ethics and reputation.

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Topics: Tucson, Industrial, Sonora Mexico, Commercial real estate, Investment property, Leasing, Property management, Office, Retail