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 portfolios of underperforming and nonperforming loans. Most banks have required more frequent reporting of property operations, and if there has been any deterioration of performance or loan maturity, a new appraisal[…]
PICOR Connect | Trends in Commercial Real Estate
The Tucson industrial market showed positive absorption of 139,147 square feet (SF) at the mid-year point in 2011. In this article, we highlight the results of the study, and continue with the mid-year Tucson Industrial MarketBeat commentary that was published in July.
Properties continue to operate in “survival mode” in 2011. Leasing activity has been up on smaller spaces in 2011, however, owners continue to try to conserve cash to cover their debt service and operating expenses. For property management, this means continuing to run the properties as tightly as possible on the operating expense side. To preserve and create value, we continually look for ways[…]
The Solar Zone, located within Tucson's UATechPark, continues to grow its solar research capabilities. The recent announcement by Solon Corp. and AzRISE Director, Joe Simmons to undergo research into improved methods of energy storage demonstrate innovation with practical applications.
The green building movement is alive and well in the commercial real estate industry, and while Tucson has not reached the heights of some of the country’s major markets, progress is underway to improve building sustainability and reduce carbon footprints. As a business or property owner, it is important to know where you can take advantage of some attractive incentive programs that reduce the[…]
The Tucson office market, like many others around the nation, is inching closer toward recovery. National economic forces continue to impact the speed of Southern Arizona’s return to health, most notably anemic job creation, gas prices, and concerns over the national debt.
If successful, Tucson's Modern Streetcar presents opportunities for transit oriented development with myriad benefits. Early this year the Federal Transit Administration granted final approval of a $63 million dollar grant to help fund the overall $197 million cost of Tucson’s Modern Streetcar project. As of June 6th, planning is nearly complete and the 3.9 mile line is expected to go into[…]
Start counting. Each day for the next 18 years, 10,000 people are turning 65 years old. The message is loud and clear: We are aging fast. Not surprisingly, the implications of this demographic trend for the health care industry and medical providers are enormous. Following a periodic of uncertainty, some of which still lingers in the afterglow (or aftermath, depending on your perspective) of[…]
The Tucson Apartment Investment market is beginning to wake up. Lender owned properties (REO properties), short sales, and sales through receivership are hitting the Tucson market in addition to a few non-distressed properties. PICOR is currently marketing two short sale properties, two REO properties, a sale through receivership, as well as two non-distressed investor owned properties.[…]
La siguiente información es un resumen del articulo “7 Razones para Invertir en Sonora, México” publicado en PICOR Connect el día 2 de Junio 2011.
Sonora, el estado Mexicano fronterizo con Arizona, representa una multitud de oportunidades emergentes y establecidas para negocios e inversionistas. PICOR es una empresa en bienes raíces comerciales con licencias para hacer negocios en ambos lados de[…]