Over the last year, education was the most visible issue in Arizona. But, if you were watching closely, infrastructure and water issues were discussed and debated throughout the state as well. In some cases progress was made, in others, the conversations continue. In the opening weeks of the 2019 Arizona legislative session, two infrastructure issues dealing with water and highway funding will take center stage.
Read MoreTopics: Tucson, Economy, Economic development, Transportation, Construction, water
“Wow! What a great time to be in Industrial real estate!” These are sentiments not heard in almost a decade. During the depths of the doldrums, the Tucson commercial real estate market was marked by Foreclosures and REO sales, “blend and extend” lease negotiations, downsizing (or “rightsizing” as it was more positively termed) and a general sense of survival.
Read MoreTopics: Economy, Commercial real estate, Economic development, Investment property, Market trends, Lease rates, Warehouse, Transportation, Logistics, Manufacturing
|
Topics: Economy, Economic development, Community, Investment property, Transportation, Construction
Topics: Tucson, Economy, Economic development, Community, Transportation, Phoenix, Leadership
Nogales, Ariz. is witnessing increased demand for international trade warehouse space and property with the upcoming $244 million expansion of the Mariposa Port of Entry. The Nogales Santa Cruz Port Authority works with key stakeholders in the Nogales community, including commercial land developers and Realtors®, to enhance economic development in the Nogales-Santa Cruz County region.
Topics: Industrial, Sonora Mexico, Commercial real estate, Warehouse, Foreign trade zone, Transportation, Logistics, Development
In the realm of supply chain services, as with any growth-oriented product or service, constant innovation is a critical component to differentiate and create distance from the competition.
Topics: Commercial real estate, Warehouse, Transportation, Logistics, Manufacturing, Rail
Geography, cost and a new attitude. Those three ingredients have put Tucson in the national spotlight for companies looking for markets with distribution hubs, a new report shows. Tucson is one of the least expensive cities in which to operate a distribution warehouse and its proximity to key U.S. and international markets makes it attractive to companies looking to expand or relocate, says the report by The Boyd Co. Inc. of Princeton, N.J.
Topics: Tucson, Industrial, Sonora Mexico, Intermodal facilities, Economic development, Warehouse, Transportation, Logistics, Manufacturing, Rail
News stories from the region this week highlight positive economic development activity impacting the commercial real estate market in Tucson. Summaries below cover hiring announcements, development and construction progress, and recent awards and rankings that demonstrate Southern Arizona's stature as a Sun Corridor growth market.
Topics: Tucson, Economic development, Market trends, Transportation, Medical office
Gross revenue for U.S. third-party logistics providers (3PLs) is expected to exceed $140 billion in 2011 -- quite a feat when you consider that in 1976, less than 6,000 trucking companies had operating authority from the Federal Motor Carrier Safety Administration (FMCSA). After deregulation of the transportation industry in the 1980s, competition increased dramatically and traditional trucking companies began expanding their services. Many evolved into what we now know as 3PLs, offering warehousing, cross docking, inventory management, packaging and freight forwarding. The 3PL industry has grown steadily for three decades and, according to a recent report by Grubb & Ellis, 3PL were the most active segment of the warehouse logistics real estate market in the first quarter of 2011. A number of factors are in play and the outlook is good.
Topics: Industrial, Intermodal facilities, Warehouse, Transportation, Logistics
With aging U.S. infrastructure and an overburdened interstate system, one Tucson property owner is working on creative solutions to increase cargo business through the Port of Tucson intermodal facility at Century Park Business Center.
Topics: Tucson, Industrial, Intermodal facilities, Commercial real estate, Economic development, Warehouse, Transportation, Logistics, Manufacturing, Rail
PICOR
Tucson Commercial Real Estate
Building Value Through Service
Phone: 520.748.7100
Copyright © 2011
PICOR Commercial
Real Estate Services
