China’s retraction from the United States commercial real estate market has left a mark — but there are new substitutes waiting in the wings, coming from all corners of the globe. “Within the last 24 hours I’ve met with a Chilean group, as well as a German group last night for a closing dinner,” Nuveen …
Heading Into 2020, Here Is What Foreign Investors Are Targeting In CRE Read More »
Cameron Colvin, chairman of CamCo Commercial Inc., today announced that The Solanna Group LLC and CamCo Commercial have formed a joint venture entitled “Akimel 7 Productions,” to include a land lease arrangement to develop a multi-billion-dollar next generation sports and new media entertainment destination called Akimel 7 at Loops 101 and 202 in Scottsdale on …
Multi-billion-dollar Akimel 7 planned at Loops 101 and 202 Read More »
Arizona Case Law – Deed Restrictions Swain v. Bixby Village Golf Course (AZ Court of Appeals 9-19-2019) This dispute has been covered in the local newspapers for the past several years. Chicago Title Agency was the original owner of the Ahwatukee Lakes Golf Course (and at some point also acquired the Ahwatukee Country Club Golf …
Fall 2019 Arizona Case Law Affecting Commercial Real Estate and Lending Read More »
Here’s a quick look at the major highlights of the year in commercial real estate in the Valley, with the top story from each month: January A bankruptcy court ruling opened up nearly 5 square miles of land near Desert Ridge Marketplace. California-based Crown Realty and Development acquired 96.5 acres of the land and master developer rights …
Year in review: Commercial real estate deals boom in Valley during 2019 Read More »
Palmer Development, the company behind several major projects on the Salt River Pima-Maricopa Indian Community near Scottsdale, has plans for another $157 million office complex on the reservation. The new development, called the Sydney, will be built at the southeast corner of Pima Road and Loop 101, directly south of another planned Palmer Development project, …
Plans revealed for $157M Valley office project on tribal land Read More »
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, …
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 …
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 …
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 …
TCN Worldwide Appoints Jon Rosenberg to Board of Directors Read More »
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 …
Levrose Commercial Real Estate Closes Multi-Million Dollar Property Read More »
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 …
Meet your neighbor: Baumgardner serves as coach, volunteers in community Read More »
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 …
Meet your neighbor: Kottler loves unpredictability of commercial real estate Read More »
SCOTTSDALE, ARIZ. — LevRose Commercial Real Estate, a leading Scottsdale based commercial real estate brokerage firm closed the sale of a commercial project with a residential component in the heart of Old Town Scottsdale for $4 million. Located at 4201 N. Marshall Way, the sale was facilitated by Mark Cassell and Trenton McCullough of LevRose Commercial …
LevRose Commercial Real Estate Finalizes Multi-Million Dollar Property Acquisition Read More »
Pop-up retail concepts are arriving in Phoenix—and the trend says a lot both about the evolution of Phoenix and the pop-up trend. Pop-up shops have become popular and even accepted by retail owners and lenders in primary markets like Los Angeles and San Francisco, but this is early trend in a secondary market, like …
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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