Today and next week, I am going to spend a little time on population and share some interesting realities. Below is a link to a very cool interactive map from Brookings. To get more detailed information on the cities that interest you, click on the individual cities. Here are a few world realities: –300 places … Continue reading Population Realities — A Two-Part Series. Today–The World
It’s no surprise that square feet per office employee is declining. The open office concept is changing the world and the biggest user of office space in this cycle is…..Tech companies. But this trend has been coming for a long time; see the graph below. In addition to the SF per employee graph there are … Continue reading Trends in Square Feet per Office Employee
Like the national office market, the Metro Phoenix Office Market is rebounding at a gradual pace. Last week Craig sent out a good update on the national office market from The Wall Street Journal. (Click here for his narrative in case you missed it) Today I’m sending you an update on the progress we’re seeing in Phoenix. The WSJ article mentions … Continue reading Market Insight: Q2 2015 Phoenix Office Report
I just got a peek at our Q2, 2015 Metro Phoenix office numbers and once again we are mirroring the national office market. It’s a methodical and frustratingly-slow recovery. Andrew will highlight Phoenix in the next few weeks, but today I am focusing on the National office market. Below is a nice Wall Street Journal update on the national … Continue reading Office Market Is on a Slow Roll
Real Estate as the fourth asset class is finally becoming a reality. Why is this important? Well, the amount of capital that has and will flow into our industry is astonishing. Billions of dollars, an additional $500 billion to be exact. This money will make our market more liquid, provide for stability in markets and will change the way properties … Continue reading 4th Asset Class: Real Estate
We were grateful to represent Plaza Companies in bringing new tenant, Groupon, Inc., to their state of the art SkySong I located at 1475 N. Scottsdale Road.
We are very proud to have represented The Valley of the Sun United Way in the sale of their property at 1515 E. Osborn Road in Phoenix for $3.15 million.
We were proud to represent our long-term client, Furst Properties, LLC, in bringing new tenant, Farmers Insurance Exchange, to their beautiful Pinnacle in Kierland I at 14624 N. Scottsdale Road.
We were thankful to represent our long-term client, AEGON, in the sale of their Arrowhead Business Center, a 3-building complex at 7025-7075 W. Bell Road in Glendale for over $1.6 million.
As competition for hiring millennials continues to increase, companies are trying to lure them by moving into the city to offer urban living as a perk. Is this a long term trend? For me, I think it is something that may continue for the next 5-10 years. But I believe that millennials will ultimately start … Continue reading Tech Firms Moving to the City