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Gilbert's industrial real estate market had the Valley's fifth-highest increase in vacancies during the second quarter, behind the south Phoenix, Phoenix-Sky Harbor International Airport area, Tempe and Grand Avenue submarkets.
As the real estate market declines, so does the number of jobs related to the industry. Thus far layoffs among homebuilders have been minimal, and real estate agents say their numbers are still strong.
Michael Pollack stood before his third-grade class in San Jose, California and gave a report about how to read construction blueprints. Four years later, Pollack spent his weekends working as a construction laborer with carpenters, electricians and landscapers.
A large industrial park is coming to Casa Grande. GSS Cos. Inc., a Scottsdale-based development company, this week broke ground on Central Arizona Commerce Park.
The Valley’s commercial real estate market continued its downward spiral last quarter with higher vacancy rates in the office, retail and industrial sectors, according to commercial brokerage CB Richard Ellis.
The East Valley office market, which started to recover from its turn-of-the-century slump in 2003, continues to catch fire.
Hundreds of Valley real estate agents rallied in Scottsdale on Friday in hopes of kick-starting the sluggish real estate market by thinking positive and being proactive.
Juggling the mounds of paperwork tied to the home buying process could get easier this year for Arizona real estate agents, lenders, escrow officers, title companies and others in the industry.
Over the past five years the words “real estate” have led to many discussions and debates. The waves of emotion that came from the run up and bubble caused too much drama in people’s lives. Homes were meant for long-term investments and the five years around it caused some people to make decisions, good and bad. People thought they had a safe nest egg in the home they have poured thousands of dollars into, yet that property is now worth what it was 12 to 15 years earlier. Luckily, the market is starting to move past this.
Even though Arizona’s real estate recession feels painful today, it’s no worse than previous downturns. And the state will probably pull out of this one in the same ways it has done in the past, said Bill Gosnell, a Phoenix-based real estate investor, at a presentation Thursday night at the East Valley Partnership’s annual Economic Forum.
Chandler's office market this year has outperformed all other submarkets across the Valley, according to CB Richard Ellis' third-quarter analysis of office, industrial and retail real estate.
A Chandler resident has written a book about a topic that is responsible for part of the Valley’s economic growth: Commercial real estate.
Two longtime medical office real estate firms plan to merge.
Caught in the midst of the housing market turmoil, real estate agent Tina Eacret held out as long as she could — using up her entire savings before deciding to go part time in December.
In the past year, real estate school instructor John Dyer has watched class enrollments dwindle, as agents struggling amid the stagnant housing market fled the business.
Freeways surrounding the East Valley will remain hot spots for commercial real estate in 2004.
PHOENIX - Gov. Janet Napolitano on Monday appointed Elaine Richardson, a former state senator and the former owner of a real estate company, to head the Department of Real Estate.
A Southern California real estate developer is sold on the East Valley. Donahue Schriber, wh ich already owns 68 shopping centers — most of them in California — with 13 million square feet of shops, has just bought a shopping center in Gilbert and is building one in Mesa.
A Southern California real estate developer is sold on the East Valley.
Hard times in the housing market have put real estate-related firms into survival mode, but many are still expanding their staffs and finding ways to take advantage of new niches.
Trent Powell is a peninsula in what has become a choppier sea in East Valley real estate. He’s stuck among a for sale sign, an unrealistic seller and a leery buyer. In the lucrative game of home sales, he is checkmated. What a difference six months makes. Last summer, the Mesa real estate agent drove with investors through neighborhoods while they snapped up houses in hours or days.
Plenty of real estate agents made money for years simply by selling homes, but the Valley’s foreclosure crisis and more recent influx of investors has changed how — or even whether — agents can make a living.
Plenty of real estate agents made money for years simply by selling homes, but the Valley’s foreclosure crisis and more recent influx of investors has changed how – or even whether – agents can make a living.
AGENTS WELCOME: Hacienda Builders has opened its studio to real estate industry professionals so they can see the selection of options for home buyers.
The south East Valley remains a bright spot in an otherwise severely struggling commercial real estate market across most of the region, according to a study by brokerage giant CB Richard Ellis.