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 …
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 …
Senior Living, Apartment Complex Among Next Planned In North Scottsdale Cavasson Project Read More »
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 »
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 …
Some industries face constraints in how much of their work can be done from home. An abrupt shift to remote working caused by the pandemic demonstrated that the bulk of office workers can work productively from home (at least during the initial three-month experiment). This has prompted some corporate leaders to postpone the return to …
Some Types of Office Tenants are Returning Faster Than Others Read More »
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 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 …
The disruption in normal business caused by the novel coronavirus is accelerating certain real estate trends nationwide and in Arizona. The nation’s shift to online purchasing and working from home has kept the need for industrial buildings and data centers high. Arizona has become an attractive place to develop both industrial and data centers due …
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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