A New Work-From-Home Movement Is Gaining Steam. Why Aren’t Office Landlords More Worried?

A chasm is widening between owners and occupants of office real estate around the country.   Though the coronavirus pandemic has thrust thousands of companies into remote work, office landlords are counting on most of them eagerly returning to their now-deserted offices. Given how well many companies report the forced experiment has gone, data shows that […]
05.22.2020

Massive mixed-use redevelopment planned in Old Town Scottsdale

  Steven and Shawn Yari have major plans for redevelopment in Old Town Scottsdale. The top executives with California developer Stockdale Capital Partners have submitted plans to the city for the Scottsdale Collective project, which aims to “evolve and mature the greater entertainment district-area into a mixed-use district,” according to plans submitted to the city. Those plans […]
05.21.2020

Rankings Of The Best And Worst U.S. Cities For Coronavirus Quarantine

Earlier this week, career resource site Zippia released rankings of the best and worst cities in the United States in which to quarantine. Unlike most other livability rankings of cities, which tend to be based on factors like the job market, real estate prices and how vibrant a dining or arts scene a metropolitan area has, this […]
05.12.2020

Office Tenant Demand Has Slowly Returned in Phoenix

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 […]
05.06.2020

Should Real Estate Buyers Move Forward During COVID-19?

No matter what industry you are in, you’re most likely feeling the effects of the coronavirus pandemic. Real estate is no different. The uncertainty is making a lot of buyers think twice before signing on the dotted line for their new office, retail location, warehouse, etc. However, local commercial real estate firm LevRose is advising its […]
05.04.2020

Phoenix Real Estate Firm Secures $500 Million to Invest in Properties

Fundamental Income, a Phoenix-based investment firm focused on single-tenant, net-leased real estate, launched new platform, called Fundamental Income Properties, to buy and lease back single-tenant buildings. The firm already has received a $500 million initial equity commitment from Toronto-based Brookfield Asset Management Inc. to invest directly into properties. Alexi Panagiotakopoulos, co-founder and CIO of Fundamental […]
04.30.2020

Big-box industrial properties expected to best weather pandemic in Phoenix

As Americans and consumers around the globe turn to e-commerce for basic chores such as grocery shopping, it comes as no surprise that industrial real estate has remained steady during the Covid-19 pandemic. However, not all industrial buildings are created equal. Small and midsize industrial tenants are likely to be more immediately affected by closures […]
04.27.2020

Federal Coronavirus Relief Efforts Near $5.6 Trillion. Here’s How It Adds Up

The outlay from the federal government and Federal Reserve to counter the U.S. economic shock from the coronavirus pandemic is approaching $5.6 trillion in loan and cash assistance to hundreds of millions of American citizens and businesses. Moreover, the amounts are likely to swell as efforts to contain the spread of the virus continue for […]
04.17.2020

Why This Broker is Telling Owner-User Buyers to Close

The pandemic has sent a shock through the real estate markets, and many buyers have canceled or delayed current deals to wait out the new market. Jon Rosenberg of Levrose Commercial Real Estate, however, is encouraging owner-user buyers specifically not to hesitate and to close current deals. Owner-users have different needs and requirements than investment buyers, and securing […]
04.16.2020

As Arizona Courses Thrive, Investors Give Golf Properties A Closer Look

While well over 90% of the United States observes mandatory lockdown requirements to prevent the spread of the coronavirus, observers locally have been startled to see people golfing across the state of Arizona.   How is that possible?   “Social distancing is a part of the sport of golf, so it is easy to adhere to,” Arizona […]
04.15.2020

As April rents loom, Phoenix real estate leaders grapple with potential losses

As April 1 approaches and some Valley businesses have gone two weeks without normal business operations, property managers and landlords in the region are grappling with the possibility that many tenants will not be able to make rent. “Let’s start planning on April rent being a challenge for everyone,” said David Verwer, director of real […]
04.01.2020

Scottsdale broker: Real estate transactions down, not stopped in wake of coronavirus

Real estate transactions such as leases and building sales have slowed but not halted in the wake of sweeping business closures due to the novel coronavirus, according to a commercial real estate expert. Jon Rosenberg, designated broker and managing partner of Scottsdale-based LevRose Commercial Real Estate, said he has seen clients put lease discussions on […]
03.24.2020

SkySong 6 Design Plans Presented to City for Review, With Construction on New Building Scheduled to Start in May 2020

Scottsdale, Arizona — The developers of SkySong, The ASU Scottsdale Innovation Center have filed for design approval with the City of Scottsdale for SkySong 6, which will be the largest building in the project. SkySong 6 will be the next building to be constructed at SkySong, with construction now scheduled to begin in May 2020. […]
01.14.2020

Levrose Commercial Real Estate closes $3.35m multi-tenant office/flex investment in Scottsdale Airpark

LevRose Commercial Real Estate, a leading Scottsdale based commercial real estate brokerage closed the sale of a multi-tenant office/flex building in Scottsdale, Arizona for $3,350,000. Located at 15207 N. 75th St., the sale was facilitated by Jason Reddington and Keri Davies of LevRose Commercial Real Estate. The property was sold to Airpark Office 75, LLC.  Reddington […]
11.19.2019

LevRose Commercial Real Estate Closes $1.8 Million Multi-Tenant Office Investment in Scottsdale

Scottsdale, Arizona – LevRose Commercial Real Estate, a leading Scottsdale based commercial real estate brokerage closed the sale of a multi-tenant office building in Scottsdale, Arizona for $1,800,000. Located at 8723 E. Via de Commercio, the sale was facilitated by Keri Davies and Jason Reddington of LevRose Commercial Real Estate. The property was sold to Everrich, […]
11.19.2019

Phoenix Retail Outperforms Nation

Retail in Phoenix is outperforming the national market. A new report shows the retail vacancy rate in Phoenix has dipped below 10%, and with the rising demand has come increased rental rates. Overall, rates have climbed 3.2% over last year, but in the most popular submarkets, which include Downtown Phoenix, Scottsdale and Northwest Phoenix, rents […]
11.01.2019

Phoenix Is No Longer An End-of Cycle Market

The cycle is mature—so mature that many are predicting a recession in the next 12 months. The mature cycle has meant peak pricing in many top markets, and as a result, investors have fled to secondary markets to chase yield, and Phoenix has been a favorite. In prior cycles, Phoenix has been a final play […]
10.23.2019

New Large-Format Starbucks Trades in Phoenix

A new large-prototype Starbucks has trades hands in Phoenix. The single-tenant property is a brand-new, 3,100-square-foot building with drive-thru. It traded hands for $3 million or $988 per square foot. The impetus for the large-format floor plan is to create a better experience and provide the community a place to hang out.   Originally Posted […]
10.09.2019

LevRose Commercial Real Estate Welcomes Nate Goldfarb as Senior Vice President

  Scottsdale-based CRE Firm Hires CBRE Veteran to Specialize in Landlord and Tenant Representation for Office Properties in the Greater Phoenix Area Scottsdale, Ariz. – LevRose Commercial Real Estate, one of the Valley’s leading commercial real estate firms, recently added CBRE veteran Nate Goldfarb as a Senior Vice President to its growing team. Goldfarb will specialize […]
10.02.2019

Co-working Is Disrupting Office Spaces

by Keri Davies Working from non-traditional spaces was once the realm of artists, writers and road warriors. People joked about those with computers taking up seats at coffee shops, cafes and restaurants, not seeing the larger trend coming into play. Today, it’s becoming a much different story. It is forecasted that by the year 2020, […]
09.04.2019

TCN Worldwide Appoints Jon Rosenberg to Board of Directors

H. Ross Ford, President and CEO of TCN Worldwide, has announced the appointment of Jon Rosenberg, Designated Broker, Managing Partner and Co-Founder of Levrose Real Estate/TCN Worldwide in Scottsdale, to the TCN Worldwide Board of Directors. Mr. Rosenberg will be taking over for David Wallach of Barclay Street Real Estate/TCN Worldwide in Calgary, who was […]
08.15.2019

Levrose Commercial Real Estate Closes Multi-Million Dollar Property

Surprise, Ariz. – LevRose Commercial Real Estate, a leading Scottsdale based commercial real estate brokerage closed the sale of a multi-tenant retail center in Surprise, Arizona for $2.6 million. Located at 12100 N. Dysart Road, the sale was facilitated by Mark Cassell and Trenton McCullough of LevRose Commercial Real Estate. The property was sold to […]
07.26.2019

Meet your neighbor: Baumgardner serves as coach, volunteers in community

Name: Mike Baumgardner Where I live: Arcadia Arizona, but I work in Old Town Scottsdale at LevRose Commercial Real Estate When and why I moved here: I moved in July of 2005 Because I fell in love with the area being from Michigan, I needed grass and larger lots. It felt like a more local feel with families […]
07.11.2019

LevRose Commercial Real Estate Expands Advisor Team

Scottsdale-based CRE Firm Hires Austin Knebel to Manage Property Deals Throughout the Valley SCOTTSDALE, ARIZ. – LevRose Commercial Real Estate, one of the Valley’s leading commercial real estate firms, recently added Austin Knebel as an advisor to its growing team. Knebel will specialize in selling and leasing properties throughout Scottsdale, Tempe and downtown Phoenix. Knebel […]
07.11.2019

Meet your neighbor: Kottler loves unpredictability of commercial real estate

Name: Zak Kottler Occupation: Commercial Real Estate Broker and Partner, LevRose Commercial Real Estate Why you chose to work in your field: I initially chose commercial real estate because my older brother started in that industry after he graduated college. Based on his experience and success with it, it was extremely intriguing to me and led me to […]
07.11.2019

Scottsdale marketing agency moving to new HQ, doubling footprint

JULY 28, 2017 – PHOENIX BUSINESS JOURNAL – A Scottsdale marketing agency is more than doubling its footprint with a new headquarters. The James Agency, a public relations and marketing firm, announced plans to move into a new development at 64th Street and Thomas Road this fall, called The Quad. The agency’s new space is […]
07.31.2017

Scottsdale Office Building Sells for $1.89M

Levrose Commercial Real Estate/TCN Worldwide has completed the sale of a Scottsdale office building at 5900 N. Granite Reef. Bonafina, LLC purchased the 12,964 square foot two-story Scottsdale office building from 5900 Granite Reef, LLC for $1,890,000.  Zak Kottler and Geoff Turbow of Levrose Commercial Real Estate facilitated the sale. There’s no better place for a business than Scottsdale. Named “the most livable city,” It […]
07.21.2017

Addiction Recovery Service Purchases Phoenix Office Building

A Better Today Recovery Services, LLC has purchased a 21,672 square foot office building at 4801 E. McDowell Road in Phoenix, AZ. The two-story Phoenix office building sold for $1,450,000. Geoff Turbow and Zak Kottlerof Levrose Commercial Real Estate/TCN Worldwide facilitated the sale. The City of Phoenix Phoenix is the sixth largest city in the U.S. and is booming with entrepreneurial growth and success. The […]
07.13.2017

Prominent Scottsdale Office Building Sells for $2.55M

Levrose Commercial Real Estate/TCN Worldwide has completed the sale of a Scottsdale office building at 5685 North Scottsdale Road. Jasper Property, LLC purchased the 10,949 square foot Scottsdale office building from Building E, LLC for $2,550,000.  Zak Kottler of Levrose Commercial Real Estate facilitated the sale. The City of Scottsdale There’s no better place for a business than Scottsdale. Named “the […]
07.12.2017

Westpac Holdings Buys High Tech Scottsdale Office Building

Levrose Commercial Real Estate/TCN Worldwide has completed the sale of a Scottsdale office building at 15757 N. 78th Street. Westpac Holdings, LLC purchased the 23,701 square foot high tech Scottsdale office building from 15757 N. 78th Street, LLC for $4,356,450.  Zak Kottler of Levrose Commercial Real Estate facilitated the sale. The City of Scottsdale There’s no better place for a business than […]
07.06.2017