Archive for July, 2008

Sluggish Phoenix economy hurting most commercial real estate

Mike Padgett -

Consumers tightening their belts could force some metro Phoenix retailers to close their doors, or at least seek reduced lease rates. That is part of the conclusion of new reports on retail space in metro Phoenix. The second quarter review from CB Richard Ellis‘ Phoenix office shows that construction of new retail space is down […]

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Show time for old athletic shoes

Mike Padgett -

The hometown of Arizona State University is planning to get a lot of mileage out of 15,000 discarded athletic shoes. The City of Tempe is sending the donated shoes to Nike’s Reuse-A-Shoe recycling center in Wilsonville, Ore., where the worn shoes will be ground up and processed into a material called Nike Grind. The material […]

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Metro Phoenix commercial real estate vacancies up, sales down

Mike Padgett -

There are few smiles in metro Phoenix’s commercial real estate market these days, thanks to economic broadsides from soaring fuel prices, rising food prices, depressed home prices and a stumbling stock market. Second quarter 2008 reports from Colliers International‘s Greater Phoenix office show significant shifts into negative territory. The office vacancy rate is 16.4 percent, […]

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Chicago couple designing new future for historic warehouse

Mike Padgett -

July 15, 2008 PHOENIX, Ariz. – This time next year, entrepreneurs Steven and Andi Rosenstein hope to be adding a look of Chicago to the 80-year-old warehouse they own just south of downtown Phoenix. The Rosensteins’ plans for their 14,000-square-foot building will offer a redevelopment concept prevalent in Chicago, where they lived before moving in […]

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Fuel prices changing city planning and commuter patterns

Mike Padgett -

The popularity of suburbs, cross-town shopping trips and Sunday drives seems to be headed the way of the dinosaurs. Until recent years, commuters and shoppers cruised wherever they wanted, whether it was to work, wander the malls, buy groceries or check out the newest model homes. Little thought was given to keeping the fuel tank full. […]

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Project manager promoted

Mike Padgett -

Sundt Construction Inc. has promoted James Poggemeyer to business development representative. He will be responsible for pursuing partnerships and contracts in metro Phoenix’s East Valley cities as well as in eastern and southern Arizona. He also will go after Portland Cement Concrete Pavement projects throughout the Southwest. Poggemeyer, who has worked as a project manager […]

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New models at Power Ranch

Mike Padgett -

A new development called The Timbers is under construction at Power Ranch, a 1,414-acre master-planned community at Power and Germann roads in Gilbert. The builder is D.R. Horton. The community developer is Sunbelt Holdings. The two new models with five floor plans range from 1,574 to 2,258 square feet. Prices of the one- and two-story […]

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Company giving away high-tech home

Mike Padgett -

Homebuilder Taylor Morrison, with more than 280 communities in several states, is opening new communities in metro Phoenix’s northwest and southeast areas. The company also is partnering with Disneyland, Microsoft, Hewlett-Packard and Lifeware in an “Innoventions Dream Home,” a high-tech home opened to the public in June in Disneyland in Anaheim, Calif. The home’s design shows […]

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