Archive for the 'East Valley' Category
Arizona Politics Trumps Economics; Students, Needy Families To Suffer
March 21, 2010
EDITORIAL
Are Arizona’s leaders, struggling with an overpowering deficit, downsizing state programs too far?
Last week, Gov. Jan Brewer signed the state’s fiscal 2011 budget of $8.9 billion, which is a reduction of $1.1 billion.
Budget supporters called the new budget a streamlining of state government. Critics say it is hardhearted, with more pain to follow.
Arizona’s [...]
New Arizona Company Completing High-Profile Commercial Developments
Sept. 10, 2009
PHOENIX, Ariz. – Former Opus West executives Jamie Godwin and Craig Zupancic have formed a commercial real estate consulting firm with a subsidiary offering a variety of contractor services.
The consulting firm is The Richard Solomon Group, or RSG. Its services include process development, operational management, design and engineering management, and project [...]
Read More..>>New light rail system in metro Phoenix attracts riders new to transit
PRESS RELEASE
Sept. 3, 2009
PHOENIX – Thirty-five percent of METRO riders in Arizona’s largest urban region are new to mass transit, according to a survey.
This figure and others came out of a survey in April of more than 3,100 passengers ranging from regular commuters, students, seniors and recreational users.
The survey showed that 40 percent use [...]
Challenging office and industrial markets in metro Phoenix predicted
July 13, 2009
Press Release
PHOENIX, Ariz. – The commercial real estate market in metro Phoenix has been impacted by reduced lending activity, rising unemployment and increased foreclosure rates, according to the second-quarter report from Colliers International.
Following are the report’s highlights:
Office Market
• Overall vacancy is at 21.4 percent, up from 19.9 percent last quarter.
• Overall absorption posted [...]
Late ‘09 Recovery Predicted for Metro Phoenix Commercial Real Estate Market
July 9, 2009
PRESS RELEASE
PHOENIX, Ariz. – The commercial real estate market in metropolitan Phoenix continues experiencing the symptoms of a struggling economy, with increasing vacancies in the office, industrial and retail sectors.
But despite the uncertainty in the housing and credit markets, economists at the W.P. Carey School of Business at Arizona State University and the [...]
Mid-2009 Metro Phoenix Home Sales Update
July 7, 2009
Guest column
“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”
Warren Buffett
By Tom Ruff, The Information Market
A year ago I was batting clean up for the housingdoom.com team. Today, I’m called a cheerleader for ARMLS, comments like these don’t [...]
Commercial real estate’s rocky road in metro Phoenix to continue in 2009
Jan. 13, 2009
For the first time in many years, the office market in metro Phoenix is losing traction to challenging economic conditions unseen in the region for many years, according to new reports about the 2008 market.
The metro Phoenix office market posted negative direct net absorption of 641,450 square feet during 2008, compared to positive [...]
