PICOR Connect | Trends in Commercial Real Estate
Renovated Multifamily Asset Sells near University, Fenced Yard Leases at Old West Industrial Village
The top sale this past week at C&W | PICOR was of a renovated multifamily asset located near the University of Arizona where Allan Mendelsberg, Principal, and Joey Martinez represented both the buyer and seller in this transaction. The top lease was of a fenced yard at Old West Industrial Village, Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist, represented the landlord in this[…]
The top sale this past week at C&W | PICOR was an investment sale of an industrial building in Butterfield Business Center where our Industrial Specialists, Paul Hooker and Robert C. Glaser, represented the seller. The top lease was of an office space near Main Gate square which was leased by The University of Arizona. Molly Mary Gilbert, one of our Office Specialists, represented the landlord in[…]
Last week, our top sale and lease transactions comprised of industrial properties. These transactions illustrate the growing economy and the high demand for industrial space. Meanwhile, the vacancy rates are at a record low of 3.2%. Companies are marking Tucson as a desirable location as we see national growth in the manufacturing and logistics industries.
Historical Building Sells for Above Asking Price, While Catering Company Renews Lease in Butterfield Business Center
Our top sale last week was of a historical office building architecturally ahead of its time where one of our office specialists, Richard M. Kleiner, MBA, Principal, represented the seller. Our top lease was an industrial space from a local catering company that not only serves exceptional food but provides catering for emergency responders during crises. Paul Hooker, SIOR, Principal, Andrew[…]
Renovated Investment Property Sells for $1.2 Mil, While a Warehouse Distribution Center Supports Nearshoring Manufacturing
The multi-family and industrial team produced the top sale and lease transactions last week at C&W | PICOR. Allan Mendelsberg, Principal, and Conrad Joey Martinez recently sold an apartment property near the University of Arizona. Across the border, Jose Dabdoub, Industrial Specialist, represented the tenant during the lease of a warehouse distribution center in Mexico.
Sunday, October 2 from 8:00 AM - 1:00 PM at Reid Park, Cushman & Wakefield | PICOR employees, family members, and friends of the firm will mix, pour, flip and serve as many pancakes as you can eat!
Consumer spending has been trending away from soft goods into experiences, food, and entertainment driven by post-COVIDdemand.
Throughout Q2 2022, the Tucson market remained relatively strong compared to other one million plus population markets.