Tucson CRE Midyear Investment Market Report
INVESTMENT OVERVIEW Michael Gross Investment Specialist With the Stock Market gaining over 2,500 points since the Presidential election, which is an approximate 13 to 14 percent increase, why would investors invest in real estate both nationally and locally? The best answer is stability. The stock market, though it is making unprecedented gains since the election, […]
Tucson Commercial Real Estate Market Land Overview
LAND OVERVIEW Hank Amos President and Designated Broker At the beginning of the year, we forecasted that the Land Market would be better than years past. This was due to a growing economy and a pro-business, pro-growth Trump agenda, fueled by last year’s addition of 5,300 jobs to Tucson and this year’s forecast of […]
Commercial Real Estate Midyear Review
Tucson Realty and Trust Co. held a press conference Wednesday to deliver its’ commercial real estate midyear review. Hank Amos, President and CEO of Tucson Realty and Trust Co. gave the market overview and Land report. In February, Mr. Amos painted an optimistic picture of the local commercial real estate market, citing business friendly government and […]
Homebuilders Labor Shortage – Amos Weighs In
Hank Amos, President and CEO of Tucson Realty & Trust Co, weighs in on Homebuilders Labor shortage in a story on Arizona Public Media Homebuilders Worry Labor Shortage May Slow Construction Low inventory on the resale market causing high demand for new homes, homebuilders work to meet demand. by Zachary Ziegler It is a weekday […]
Arrotta Receives CoStar Power Broker Award
TUCSON REALTY & TRUST CO’S FRANK ARROTTA RECEIVES 2016 COSTAR POWER BROKER AWARD Commercial Real Estate’s Leading Independent Information Provider Recognizes Market’s Top Leasing and Sales Brokers TUCSON REALTY & TRUST CO. is pleased to announce that Mr. Frank Arrotta has been named a 2016 CoStar Power Broker TM by CoStar Group, […]
Arrotta Helps Food Truck Transition
Holy Smokin’ Butts BBQ to open next month Their business on wheels has found a place to park. Holy Smokin’ Butts BBQ leased 2,000 square feet at 1104 S. Wilmot Road and owners Marisa and Curt Lewis are in the process of transitioning from their food truck. “Customers kept asking about a restaurant and that’s […]
Year End CRE Industrial Overview
INDUSTRIAL OVERVIEW Chuck Blacher Industrial Specialist The snapshot of the U.S. economy in 2016 showed continued slow to moderate growth (1.6 percent GDP), a solid housing recovery and a nascent rebound for business investment. Existing home sales have been on a tear lately rising for several months, most probably due to steady job growth and […]
Year End Retail Market Overview
RETAIL MARKET OVERVIEW Pat Darcy Retail Division Head As we start the first quarter of 2017, the Tucson Retail Market is continuing to maintain its momentum that started two years ago. In regards to new retail developments, 2017 should be fairly similar to 2016. The difference will be that more new retail developments will be […]
Year End Tucson Office Market Overview
TUCSON OFFICE MARKET OVERVIEW Douglas Richardson Office / Medical Leasing Specialist For the first time since the great recession beginning in 2007 (which nearly pulled the entire world economy into the worst depression since 1929), current conditions for the Tucson Office Market are partly sunny. There is a near term forecast for sunny skies & […]
Year End CRE Investment Overview
INVESTMENT OVERVIEW Michael Gross Investment Specialist Nationally, commercial real estate investments in 2016 boded well. All investment markets were very strong and active as investors continued to chase yield throughout the year. In some cases, driving cap rates to as low as 4 percent in multi-family, the darling of commercial real estate the past few […]
Year End Market Report – CRE Land
LAND OVERVIEW Hank Amos President and Designated Broker The last eight years of the Obama Administration did not bode well for the nation’s and Tucson’s economy. The U.S. never saw annual GDP of three percent in any of Obama’s eight years, a first for a U.S. president since 1930. This is not a political statement, […]
Tucson Commercial Real Estate Forecast 2017
Tucson Commercial Real Estate Forecast 2017 February 9, 2017 Tucson Realty and Trust Co. held a press conference Thursday to deliver its’ commercial real estate year end report and forecast. Hank Amos, President and CEO of Tucson Realty and Trust Co. gave the market overview and Land report. He painted an optimistic picture of the local […]
New Restaurant at Old Pueblo Grille
New Restaurant at Old Pueblo Grille Abuela’s Cocina Mexicana, part of Brother John’s restaurant group, will be opening in the retail space formerly occupied by the Old Pueblo Grille at 60 N. Alvernon Way. The new restaurant will be open by the end of the year according to Pat Darcy of Tucson Realty & Trust co., who […]
Industrial Market Midyear Report 2016
by Chuck Blacker Industrial Market Midyear Report 2016 Tucson’s Industrial vacancy rate increased from 9.3 percent at the end of 2015 to 9.4 percent in mid June indicating the continued weakness in this market. There seem to be some positive signs in Tucson’s general economic condition for the past six months with an optimistic outlook […]
Tucson Real Estate Investment Market Midyear Report
Tucson Real Estate Investment Market Midyear Report by Mike Gross The Tucson Real Estate Investment market is starting to rebound in 2016 with the Stock Market coming back and investment money starting to show up again. The stock market, which is a pulse of the nation, hit 18,000 and continues to hover just under that […]
Tucson Office Midyear Market Overview 2016
TUCSON OFFICE MIDYEAR MARKET OVERVIEW 2016 by Doug Richardson Most of us love life in the ‘Ol Pueblo’, though likely not because it’s a dynamic center of commerce, and not even because the prospect for much improvement is on the horizon. I love it because we don’t have tower cranes on every corner, we don’t […]
Midyear Retail Market Overview
by Pat Darcy Midyear Retail Market Overview Urban Infill – Where the Action is As we reach the mid-year point of 2016, the Tucson Retail Market is continuing to maintain its momentum that started last year. We can expect new retail developments to be announced in the coming months. In Tucson, urban infill is still […]
Tucson Area Land Market Mixed Bag
By Hank Amos CEO & Designated Broker It’s a mixed bag in the Tucson-area land market. While it is a great time for those looking to build their dream home to find a suitable lot to put it on in Metro Tucson, land for major homebuilders seeking to construct large subdivisions seems to be in […]
Hank Amos Discusses Broadway Widening
Hank Amos Discusses the State of Commercial Real Estate, Broadway Widening and Local Politics Hank Amos, President & CEO of Tucson Realty & Trust Co. made a recent appearance on Wake Up Tucson to discuss the Broadway Widening Plan and the state of commercial real estate in Tucson. Mr. Amos began with a brief summary of the Real Estate Market. […]
Different Kinds of Rental Rate Structures
Agent Tips: Different Kinds of Rental Rate Structures By Mike Gross So many times, when we are either out in the market with clients/customers or hearing from someone talking about comparing rental rates, there is confusion. For instance, someone will say “Why is there such a difference in rental rates? I have seen $14 per […]
Tucson Real Estate Investment Market
INVESTMENT OVERVIEW Terry Lavery Investment Specialist January 28, 2016 The Tucson Real Estate Investment market for the beginning of 2016 could not have started the new year in any worse way. The stock market, which is a pulse of the nation as to its near term future, opened the year with over 75 percent of […]
Industrial Market Overview 2016
INDUSTRIAL OVERVIEW Chuck Blacher Industrial Specialist January 28, 2016 The over abundance of crude oil is destabilizing markets and countries around the globe. The one product that is so vital to our economy which you would think in over supply would have positive effects to our economy is doing just the opposite. Demand for U.S. […]
Tucson Retail Market Overview 2016
RETAIL MARKET OVERVIEW Pat Darcy Retail Division Head January 28, 2016 As we look forward to 2016, the Tucson Retail Market is steadily improving, similar in its performance to last year… three steps forward and one step back with the promise of new retail developments in 2016. In Tucson, urban infill is where the action […]
Tucson Office Market Overview 2016
TUCSON OFFICE MARKET OVERVIEW Michael A. Gross / Douglas Richardson Office / Medical Leasing Specialists January 28, 2016 For the second half of 2015, we continued to see an increase in activity, but it seems that companies are still looking out in the market only to go back and renegotiate with their current landlords, although […]
Commercial Real Estate Land Overview 2016
Commercial Real Estate Land Overview Hank Amos President and Designated Broker January 28, 2016 Residential (Builder) Land sales will finish the year significantly slower than the past two years. This is due to an anemic economy in Tucson with little to no job growth, a slowdown in retirees moving to Tucson due to a) difficulties […]
Tucson Commercial Real Estate Market Report
Tucson Commercial Real Estate Market Report Tucson Realty & Trust Co. presented their 2015 year end commercial real estate market report and forecast for 2016. Experts presented Tucson Commercial Real Estate Market reports focusing on various sectors including Retail, Office, Land, Industrial and Investment. The panel of commercial real estate professionals included Hank Amos, President and […]
Big-Box Retailers – Darcy Comments
Pat Darcy, of Tucson Realty & Trust Co., commented on big-box retailers’ urban infill projects for a recent article by Gabriela Rico published in the Arizona Daily Star. Retail brokers say demolitions will be key to luring big retailers into Tucson’s core in 2016. Deals were inked for nearly 1 million square feet of big-box space in […]
Insurance Tips Every Building Owner Should Know
Understanding & Avoiding the Vacancy Clause in Commercial Property Insurance For those of us fortunate (in most cases) enough to own assets in the form of commercial real estate, we soon discover that the operation and management of those properties is not always as easy and clear cut as it might appear from the outside looking […]
Successful Live Auction for Diocese
130 Properties in Two Live Auctions, Seven Days Apart, In Arizona and New Mexico, with over 98% Sold and Closed. Todd Good, CEO/President of Accelerated Marketing Group and Hank Amos, CEO/President of Tucson Realty & Trust Co. announced today the very successful “Live Auction” for the Roman Catholic Church Diocese of Gallup New Mexico, a […]
Tenant Mix Strategies
Practical Tenant Mix Strategies Previously we talked about the benefits of developing a tenant retention program. But one of the most important areas, an area often not understood, is developing a tenant mix strategy for your center. Getting and keeping quality tenants is more of a struggle than ever before and one aspect you need […]