Atlanta-based EV Hotel Group is seeking a $150,000 grant to help with the redevelopment and preservation of the former City Center Motel in downtown Phoenix. The project is estimated to cost nearly $27 million, and the grant would cover $500,000 worth of preservation work. The city will receive a 30-year conservation easement on the property …
Developer seeks grant for restoration of historic Phoenix motel Read More »
The recent marquee failures of two regional banks have put the lifeblood of the commercial real estate industry under threat. Around 80% of commercial real estate lending is provided by banks with assets less than $250B, meaning that these smaller banks are a huge source of CRE investments. The Federal Reserve, FDIC, and Treasury Department …
Bank Contagion Fears Shake The Foundation Of Commercial Real Estate At Its Core Read More »
Crow Holdings has completed three deals in the Inland Empire for 13.3 contiguous acres of residential land, spending a total of $51.7 million. The parcels include four single-family homes and the most expensive parcel was nearly $43.9 million. Demand for industrial space remains high in the area with recent deals for the former Auto Club …
Crow Holdings Pays Nearly $4M Per Acre for Land in the Inland Empire Read More »
The Grove is one of the most anticipated office and mixed-use developments in Phoenix. AZCREW hosted a project tour this week, giving a peek inside the 180,000 square feet of office space that is spoken for by tenants and in the coming months more will be in use. Companies such as JLL, Sendoso, Clayco, Clear …
Chicago-based LG Group has purchased a 2-acre block in downtown Phoenix for $22 million and begun construction on a 29-story residential tower. The tower will total 1.4 million square feet with 747 units and nearly 30,000 square feet of retail space. Amenities will include an outdoor lounge, kitchen, cabanas, spa, fitness turf area, half-court basketball, …
Developer unveils new renderings for proposed Phoenix residential tower Read More »
Banks can be trusted if they regularly calculate the value of their high-quality liquid assets, and report this to regulators. The recent bank closures, Silicon Valley Bank and Signature Bank initially raised questions of whether companies would have access to their funds. Secretary of the Treasury Janet Yellen, Federal Reserve Board Chair Jerome Powell, and …
CRE Owners Worried About SVB, Signature Get Immediate Relief But New Concerns Too Read More »
The collapse of Silicon Valley Bank (SVB) has left a great amount of speculation as to what’s next. SVB has been leasing the Hayden Ferry Lakeside I on Tempe since 2012, and they have announced that it was operating at more than 150,000 SSQ FT. There were plans of expanding to the remaining 60,000 sq …
How Silicon Valley Bank’s collapse could impact its Tempe office space Read More »
Walton Global acquired the smoke tree resort nine months ago and is now ready to move forward with redevelopment plans to completely reimagine the Paradise valley hotel into a new upscale 82-room boutique hotel. The new grounds will be built on top of an underground parking structure and feature an all-day bistro, with a fine-dining …
Former Smoke Tree Resort in Paradise Valley to be redeveloped into boutique hotel Read More »
The Phoenix region has experienced an unprecedented apartment building boom, with over 16,500 units added and more than 35,000 in progress. This wave of new supply has outweighed recent rental demand, causing vacancy to rise and rent growth to turn negative. The majority of new construction is for luxury apartments, particularly in Downtown Phoenix and …
Four Areas Lead the Way in Phoenix Region’s Apartment Building Boom Read More »
The US Sun Belt stretches from Phoenix, Arizona, to Florida, and up to Tennessee and the Carolinas. The Sun Belt States experienced the largest surge in population beginning in 2020, however, it is being to subside and even slightly decline by 0.1% in some areas over the past year. During the surge of population growth …
The Supply and Demand Paradigm Continues To Shift in the Sun Belt Read More »
LevRose is recognized as a firm who achieved the highest lease transaction volume in 2022. Every year costar identifies a select number of firms who closed the highest overall transaction volumes in commercial property leases within their perspective markets based on transaction data in CoStar’s commercial real estate database of all deals completed in 2022. …
LevRose is named a Top Dealmaker in Phoenix by CoStar Power Brokers Read More »
LevRose brokers facilitated deals in the second quarter of 2022 totaling $87.5 million and 780, 833 square feet in retail and office space, according to a news release. LevRose Commercial Real Estate is a market leader in the Phoenix metro area, helping clients with leasing, buying, selling and managing commercial properties. Commercial Property management is handled …
LevRose CRE Brokers facilitate deals across the Valley in September SCOTTSDALE, ARIZONA (September 2022) – LevRose CRE/TCN Worldwide brokers facilitated over 100,000 SF of CRE space over the month of September. Highlighting 3 sales and 2 leases between Scottsdale, Phoenix, and Tempe. The top transactions for September: Partners Zak Kottler, and Joe Cosgrove; and Senior …
LevRose CRE Brokers facilitate a wide variety of deals in August SCOTTSDALE, ARIZONA (August 2022) – LevRose CRE/TCN Worldwide brokers closed over 30 leases and a variety of sales in the month of August. Of the five notable deals from this month, LevRose CRE had 2 office deals, one land deal, one retail …
We are excited to announce that LevRose CRE has been recognized by INC. 5000! LevRose has made the list of the Inc. 5000 list of fastest-growing private companies for the 6th time! Our company would not be able to achieve all that we have, without the dedication of our team and the support from our …
Partner Keri Davies is acknowledged as one of the Most Influential Women of 2022 by AZ Big Media BACKGROUND: Keri Davies became a Partner at LevRose Commercial Real Estate in 2020 and has been part of the team for over eight years. Davies has completed 700-plus lease and sales transactions at Levrose, primarily office building …
Keri Davies Acknowledged as Most Influential Women 2022 Read More »
LevRose CRE Quarter 2 transactions totals $87.5M, 780,000 SF SCOTTSDALE, Ariz. (July 20, 2022) – LevRose CRE/TCN Worldwide brokers facilitated deals in Quarter 2, 2022 totaling $87.5 million and ±780, 833 SF. Retail and office assets dominated the transactions. Highlights from Quarter 2, 2022 Transactions: Partners Zak Kottler and Joe Cosgrove and Senior Advisor …
LevRose CRE brokers facilitate deals in July fetching over $2oM in sales, leasing 65,000 SF SCOTTSDALE, ARIZONA (August 11, 2022) – LevRose CRE/TCN Worldwide brokers signed 19 leases totaling 65,000 SF and closed sale transactions over $20 million in July. Five of the largest deals totaled almost $16 million for the sale of …
LevRose CRE brokers facilitate deals in June fetching more than 381,000 SF SCOTTSDALE, ARIZONA (July 12, 2022) – LevRose CRE/TCN Worldwide brokers closed deals in June totaling $24.298 million and 381,788 SF. Four of the largest deals included sales of two offices, a parcel of land, and a distribution condo totaling $11.4 million. Top deals …
SCOTTSDALE, ARIZONA – The Metro Phoenix commercial real estate market remained vibrant in 2021 for LevRose CRE professionals, whose top 5 sales deals alone fetched more than $69 million. “We were not only excited to see a diverse mix of our top sales and leases (office, retail, industrial and land), but we were thrilled to …
The Metro Phoenix commercial real estate market remained vibrant in 2021 for LevRose CRE professionals, whose top 5 sales deals alone fetched more than $69 million. “We were not only excited to see a diverse mix of our top sales and leases (office, retail, industrial and land), but we were thrilled to have so many different teams …
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 …
Commercial Real Estate Grows in Arizona Despite Hits From COVID-19 Pandemic Read More »
Shop Talk with Chief Walther – a City of Scottsdale Podcast (guest Jon Rosenberg) Our very own Jon Rosenberg joined Police Chief Jeff Walther for Shop Talk Episode 2. This City of Scottsdale podcast is now available for listening on Apple Podcasts, Spotify, Google Podcasts, and Amazon Podcasts. Special Guest: Jon Rosenberg, co-founder of LevRose Commercial …
Jon Rosenberg: Co-founder of Scottsdale Based LevRose Commercial Real Estate Read More »
Pictured Above: 7881 E Gray Rd, Scottsdale, Arizona | Represented by Kottler Cosgrove Team LevRose Commercial Real Estate/TCN Worldwide has released the top notable transactions for May of 2021: Zak Kottler, Joe Cosgrove, Hunter Chasse, and Aaron Cook of LevRose/TCN Worldwide represented both sides of the transaction for 7881 E Gray Rd in Scottsdale, …
Newly Released: Top Notable Transactions for May of 2021 Read More »
Scottsdale, Arizona (January 14, 2021) – JFQ Lending, a Scottsdale-based Mortgage Company, executed a long-term deal in Q4 2020 for their new 125,000-square-foot Corporate Headquarters located at 7720 N. Dobson Rd., Scottsdale, AZ 85256. Zak Kottler and Joe Cosgrove of LevRose Commercial Real Estate represented JFQ Lending in what was the largest new office …
Acquisition of 75-unit investment property brings growth to LevRose portfolio. Scottsdale, Arizona (December 21, 2020) – Scottsdale-based brokerage LevRose Commercial Real Estate is expanding its service offerings to include multifamily investment sales, and announced the closing of its first multifamily deal. Pueblo Springs Holdings LLC, an investment group based in Vancouver, Washington, bought the Pueblo …
Amazon.Com Inc. confirmed Wednesday that it plans to open 11 new sites in the Valley by the end of the year for fulfillment and delivery operations. The new sites include seven delivery stations and two additional facilities to support fulfillment, in Avondale, Chandler, Goodyear, Mesa, Phoenix and Tempe. The delivery stations will be located in: …
Amazon Confirms 11 New Metro Phoenix Sites Opening This Year Read More »
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 …
After a chaotic April of completing lease amendments, when May rolled around, more Phoenix tenants than expected were able to make rent, especially those that received PPP loans from the SBA. “We’ve had tenants who we made lease amendments for then get their PPP funds, and a number have called us and said, ‘tear up …
Valley landlord: PPP loans led to more companies making May rent than expected Read More »
Office tenant demand has started to rebound in Phoenix. Lease transactions abruptly stopped in March, with tenants either placing existing negotiations on hold or calling off the search for a new space. While activity has nowhere near rebounded to pre-coronavirus levels, some tenants are starting to re-enter the market or revive existing lease transactions. While …
Office Tenant Demand Has Slowly Returned in Phoenix Read More »
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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