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 »
August 12, 2021 (Glendale, AZ) – LevRose Commercial Real Estate is pleased to announce the sale of a Metro Phoenix shopping center “Triumph Glendale Northwest” for $6,600,000.00 in August 2021. This 16,706 sf retail center was originally purchased in 2018 by Triumph Real Estate Investment Fund I (Triumph), a Canadian investment fund based in Calgary, …
Returning to office this fall — at least part of the time — for many employees will also mean a return to commuting. Productivity has been a central topic in the ongoing remote work versus in-office debate. Proponents of a remote-first workplace say not having to drive or take a train for 30 minutes, …
How Return-to-Commuting Could Affect Return-to-Office — and Larger Office Market 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 »
LevRose Commercial Real Estate is proud to announce and welcome Branden Mondragon as the firm’s newest Advisor to join the brokerage team. After obtaining a BSBA in Finance from the Hasan School of Business and playing baseball at CSU-Pueblo, Branden began his real estate career working with investors in Colorado. After moving to Arizona, …
Despite a slow year for office real estate, the biggest investment sale and largest lease since the pandemic began took place in the fourth quarter of 2020. Office investment in the fourth quarter hit $570 million, nearly reaching the total amount of investment sales that took place in the first three quarters combined, which …
While sectors of Arizona’s economy have suffered financial losses during the pandemic, the state is faring better than much of the nation, according to a leading economist. If Arizonans can stay masked, socially distanced and sanitized, it has a good chance for full recovery as soon as mid 2021, said the state’s heavyweight economic forecaster, …
Here’s Why Arizona’s Economy Will Bounce Back Faster than Nation Read More »
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 »
Capital Development Southwest Inc., in partnership with SLG Management, announces a new development project at The Pavilions at Talking Stick. The new Comfort Suites, a Choice Hotel brand, will break ground in August 2020. “This location is known to be one of the premier entertainment destinations in the southwest,” said Justin Gubler, SLG Management …
Hotel Breaks Ground at The Pavilions at Talking Stick Read More »
An Amazon delivery station is planned for a 38-acre site in Surprise near Litchfield Road and Soledad Street. “We’re energized by the opportunity to start our first official project as a company in our home state of Arizona,” Steve Backman, co-founder and partner of BH DevCo, the developer of the project, said in an email …
HCW, which has developed more than $2 billion in real estate in the last 23 years, in partnership with Caesars Entertainment Corporation, announced construction is currently underway for the 265-room Caesars Republic Scottsdale luxury brand hotel, and is on schedule to open in January 2022. “We are excited construction is moving forward as planned on Caesars Republic …
1st Non-Gaming Caesars Hotel Begins Construction in Scottsdale 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 …
Despite the slowdown that came from the novel coronavirus pandemic, the Valley remains well positioned for future office investment, experts from CBRE said. Barry Gabel, executive vice president of CBRE in Phoenix, said some of the deals he and his team were working with clients on were put on hold during the pandemic, but some …
Office Investors Still Interested in Phoenix Despite COVID-19, Industry Experts Say 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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