retail

Cavasson

Senior Living, Apartment Complex Among Next Planned In North Scottsdale Cavasson Project

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A residential health care facility and a 400-unit apartment complex are among the next planned developments at Cavasson, the master-planned development in north Scottsdale. Vi at Cavasson will include a four-story main building several other buildings with villas and amenities, according to documents submitted to the city of Scottsdale. The plans call for the facility …

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Commercial Real Estate Grows in Arizona Despite Hits From COVID-19 Pandemic

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PHOENIX- The COVID-19 pandemic sent a majority of the workforce home and out of the office, but that doesn’t mean commercial real estate in Arizona took a hit. “The perceptions of a negative market are pretty over-exaggerated at this point,” Jon Rosenberg, co-founder of LevRose Commercial Real Estate, told KTAR News 92.3 FM. He adds that …

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Single tenant net-leased retail property

Single-tenant retail draws increased investor interest in Phoenix

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  Despite a drop in overall commercial real estate investment volume in the Valley from the first quarter of 2020 to the first quarter of 2021, investment in net-leased assets increased 2.6% in the time period. Net-lease properties are generally leased to one tenant, with the tenant paying taxes, insurance and maintenance on the property, …

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Development boom in Scottsdale and Tempe

Here’s why Scottsdale and Tempe are experiencing a development boom

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  While the COVID-19 pandemic may have curbed progress for a lot of businesses in the East Valley, construction showed no signs of slowing down. Massive multifamily housing communities, expansive business campuses, eye-catching mixed-use towers and luxury hotels are transforming the region’s skyline, and nowhere is that more evident than in Phoenix’s suburban neighborhoods of …

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Investor buys land in Goodyear

Investor buys 12 acres in Goodyear that could hold future commercial development

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  An Arizona investor, who also recently opened the first dermatology practice in Buckeye, bought 12 acres of land in Goodyear that could be a good site for commercial development. “What’s attractive about this site is that the land around it is in escrow with homebuilders,” Anita Verma-Lallian, principal of Arizona Land Consulting, who worked with the …

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New Sam Fox restaurant

Latest Sam Fox Restaurant Opening Breaks Record, Even Amid Pandemic

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  One of the Valley’s most prominent restaurateurs was able to break records when opening a new restaurant in mid-October. The latest location of Sam Fox’s Culinary Dropout opened in the Scottsdale Quarter shopping center. Fox Restaurant Concepts, which was purchased by The Cheesecake Factory Inc. (Nasdaq: CAKE) in 2019, has been working on this location for a …

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Phoenix Is Officially Open for Business

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The Phoenix market has officially opened for business, with all retailers allowed to serve customers. While some retailers have decided to stay closed or offer only limited service by their own choice, most are completely open and actually seeing activity from consumers. While there are no specific laws or restrictions in terms of safety, most …

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Frequently asked questions

A full-service lease is a lease that has one, all-inclusive rental rate which includes both the base lease rate and the operating expenses combined into one figure.

A modified gross lease is a lease where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.

A triple net lease is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.

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