PICOR Connect | Trends in Commercial Real Estate

Trends and Impact of Tucson Property Operating Costs: TREND Report

Posted on Fri, Nov 01, 2019

Investment property value is a function of net operating income, and controlling expenses is impactful to any investor’s returns.  With a managed portfolio of about three million square feet (sf), Cushman & Wakefield | PICOR tracks operating costs by type of property and over time, identifying trends and opportunities.

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Topics: Tucson, Commercial real estate, Market trends, Property management, Finance

Chamber-Written Bill Protecting Property Owners is Signed Into Law

Posted on Fri, Jun 14, 2019

The Tucson Metro Chamber wrote the legislative bill SB 1248: property taxes; valuation; property modifications, which was sponsored by Arizona State Senator Vince Leach. Governor Doug Ducey signed the bill on June 7, 2019.

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Topics: Tucson, Commercial real estate, Investment property, Finance

Accessing Arizona’s Opportunity Zones: Guest Post

Posted on Wed, Sep 05, 2018

A bipartisan measure tucked into the 2017 federal tax law is providing a significant opportunity for investors to reduce their capital gains taxes while spurring economic growth in designated areas of Arizona.

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Topics: Tucson, Economy, Economic development, Community, Investment property, Distressed assets, Finance

The Economy Revs Up: C&W Weekly Economic Update

Posted on Thu, Oct 09, 2014

The U.S. economy added 248,000 jobs to payrolls in September, marking the seventh time in the past eight months that employment has increased by more than 200,000.

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Topics: Economy, Commercial real estate, Investment property, Finance

Guest Post: Tucson commercial rental tax is repealed for some

Posted on Wed, Jul 24, 2013

In this era when it seem that taxes only go up and never disappear, I have some good news to report. 

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Topics: Tucson, Commercial real estate, Investment property, Finance

Don’t Panic About the Fiscal Cliff (Guest Post)

Posted on Wed, Dec 05, 2012

You can hardly watch a business newscast or read a business publication these days without a reference to the looming “fiscal cliff” – that precipice at which $1.2 trillion in spending cuts are made while Bush-era tax cuts expire.

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Topics: Investment property, Finance

CMBS & Capital Markets Update - C&W Equity, Debt & Structured Finance

Posted on Tue, Sep 11, 2012

Apparently, even the Greeks were tired of being in the limelight, which helped the financing markets avoid another summer meltdown and allowed the market to build some momentum going into the fourth quarter. CMBS lenders are reporting strong origination volume and seem more comfortable than any time in the past few years that they will be able to book profits on the deals they’ve been warehousing. Spreads tightened steadily through July and August, though the market gave back about 5bps in spreads during the last two weeks.

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Topics: Commercial real estate, Investment property, Market trends, Apartments, Finance

Mid-Year Multifamily Outlook

Posted on Fri, Jul 27, 2012

Operating fundamentals took their usual second quarter dip with students, seasonal visitors and seasonal employees departing for the summer. Market occupancy dropped 285 units which is on the light side of typical for Tucson. During the past 12 months, total occupied units continued climbing upward, increasing 995 units over Q2 2011 and gaining 2,245 units since Q2 2010. 

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Topics: Tucson, Commercial real estate, Investment property, Market trends, Apartments, Multifamily, Finance

FASB Lease Accounting Update: Will Lessors/Landlords be excluded?

Posted on Tue, Nov 01, 2011

Much has been written about the significant joint undertaking by FASB and IFRS to update lease accounting rules in the name of improved transparency. With real estate leases comprising a high percentage of all operating leases, the potential impact for the commercial real estate industry looms large, for landlords, tenants, brokers and property managers alike.

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Topics: Industrial, Lease accounting, Commercial real estate, Leasing, Office, Retail, Medical office, Finance

The Road Ahead for Commercial Real Estate and the US Banking Sector

Posted on Wed, Sep 28, 2011

In a September 12, 2011 special report entitled "The Road Ahead for CRE and the US Banking Sector," Deutsche Bank researchers summarize the size and scope of commercial real estate's finance picture with insights for CMBS investors and others in the industry.

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Topics: Industrial, Commercial real estate, Investment property, Office, Distressed assets, Finance