February 3, 2016: C&W | PICOR Recognizes 2015 Standouts

Cushman & Wakefield | PICOR salutes its 2015 outstanding achievers who were honored at the company’s annual awards luncheon held at the Tucson Country Club on January 21, 2016. Company Awards President’s Award for Excellence:  Linda Montes-Cota Brokerage Awards Winner’s …
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July 30, 2014: Local business leader and stroke survivor takes chairmanship of upcoming walk personal

American Heart Association’s Heart & Stroke Walk Brings Prominent Chair to Make a Difference Local business leader and stroke survivor takes chairmanship of upcoming walk personal TUCSON – The American Heart Association’s Tucson Division is excited to announce that Andrew …
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June 30, 2014: Shining a light on Tucson’s Optics Valley

AIP | SCITATION BY: Alaina G. Levine June 2014 A 1964 initiative to boost the number of optical scientists in the US has spawned hundreds of companies. Robert Breault is 74 years old, a graduate of the University of Arizona …
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June 19, 2014: More of everything coming to downtown Tucson

TUCSON ASSOCIATION OF REALTORS BY: Karen Schutte, Editor, Real Estate Daily News June 19, 2014 Downtown’s revitalization ventures We all know about downtown Tucson’s Modern Streetcar, the brewpubs, the innovative restaurants and upscale student-housing. But there’s more of everything coming …
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April 25, 2014: Cushman & Wakefield | PICOR: Tucson “Power Brokers” for 2013

CoStar Group, national commercial real estate information and data provider, honors firms and individuals who complete the highest commercial real estate transaction volumes in their market specialties. As the largest professional research organization serving the commercial real estate industry, CoStar …
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March 14, 2014: Tucson MDA Building on Sunrise Dr. Sells; MDA to Remain As Tenant

The 82,942 sq. ft. Muscular Dystrophy Association offices at 3300 E. Sunrise Drive were sold today to an affiliate of Larsen Baker, LLC. The purchase price was $9.1 million. MDA will remain as the major tenant in the offices and …
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February 21, 2014: Reports of the Tucson shopping mall’s demise premature

INSIDE TUCSON BUSINESS BY: Hillary Davis February 21, 2014 Tucson is a relatively stable space for retailers. It’s seen growth booms and busts, not unlike Phoenix. But unlike Phoenix, its bubble didn’t swell so high and fast. It never got …
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February 21, 2014: Southern Arizona should seize trade opportunities with Mexico

ARIZONA DAILY STAR BY: Joseph Treviño February 21, 2014 Mexico is fast becoming an international business player, and Southern Arizona’s borderlands should be ready to pounce on those economic opportunities, a group of business leaders said Thursday. Arturo Garino, the …
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February 20, 2014: PICOR Promotes Olson to Director

Cushman & Wakefield | PICOR announces the March 1st promotion of Tina Olson, RPA FMA, long-time Principal and Commercial Property Manager, to Director of Property Management. After a career of progressive promotions since joining C&W | PICOR in 1994, Olson …
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October 27, 2013: Cooperation between Arizona, Sonora could spur economic recovery

ARIZONA DAILY STAR BY: Gabriela Rico October 27, 2013 Distribution hubs, trade corridors, superhighways, supply chains, logistics. Tossed around with increasing frequency by political and business leaders, these buzzwords often leave everyone else wondering what it all has to do …
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September 18, 2013: Cushman & Wakefield | PICOR Recruits Zimmerman in Tucson

Cushman & Wakefield | PICOR boosted its brokerage group with the hiring of Ron Zimmerman, a 30-year Tucson commercial real estate veteran, most recently with Newmark Grubb Knight Frank. A focused top producer, Zimmerman has managed the disposition of hundreds …
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August 22, 2013: Tucson real estate market trends: New TAR Scorecard – August edition

Most of the core metrics in Southern Arizona’s real estate market continued to improve during July, at a slow and steady pace. This scenario appears to be the most likely trend for the rest of 2013 in all the market’s …
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August 9, 2013: July Tucson Real Estate Statistics: TAR/MLS

TAR NEWS:  July 2013 TAR/MLS Statistics The Tucson Association of REALTORS® Multiple Listing Service (TAR/MLS) is a cooperative real estate database of listings and sales information.  Below are the latest available Residential Statistics and Rental Statistics:   JULY RESIDENTIAL  STATISTICS HIGHLIGHTS ● Median Sales Price of $159,900 …
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August 9, 2013: Planning for Tucson’s economic success

INSIDE TUCSON  BUSINESS August 9, 2013 It might be hard to imagine now considering the tough economic times of the past five years, but those who follow in this region may someday look back and be thankful for the foresight …
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July 8, 2013: Tucson 2nd in U. S. for gross metropolitan product growth

PHOENIX BUSINESS JOURNAL By: Erin Roman July 8, 2013 The latest Metro Monitor Report from the Brookings Institute shows strong economic growth for Phoenix. According to the report, Phoenix has the highest gross metropolitan product growth in the nation with Tucson a …
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June 10, 2013: Business climate puts Nogales, Guaymas in top 10 ‘small cities of the future”

Two Sonora cities have been recognized in a prestigious international publication as top 10 “small cities of the future” for their business climate. The port city of Guaymas came in at number 2 and Nogales at number 4 for cost …
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June 6, 2013: Tucson economic hangover continues, with reasons for optimism

ARIZONA DAILY STAR BY: Gabriela Rico June 6, 2013 The “hangover” from the Great Recession will likely be felt for another year before Tucson recovers fully, economists say. The city has recouped only 36.1 percent of the 33,740 jobs lost …
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June 1, 2013: Port of Tucson now servicing international rail cargo

ARIZONA DAILY STAR BY: Gabriela Rico June 1, 2013 Tucson became Arizona’s first port to service international cargo via rail Friday and industry leaders say it could redefine the region’s economy. Hundreds of people gathered at the Port of Tucson …
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May 30, 2013: El Molinito Adds New Oro Valley Location

REAL ESTATE DAILY NEWS May 30, 2013 El Molinito of Tucson (Wayne & Margaret Hallquist) purchased the former Chicago-style pizza parlor at 10180 N Oracle Road in Oro Valley for $1.25 million ($171 PSF). This will be its fourth restaurant …
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May 16, 2013: Green Valley’s Continental Shopping Plaza Sells For $18.2 Million

ARIZONA DAILY INDEPENDENT May 16, 2013 The Continental Shopping Plaza at 180-260 West Continental Road in Green Valley sold to Continental Green Valley Associates, LLC an affiliate of Glen Una Management Company of Los Gatos, CA (Kenneth Levy, President) for …
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May 3, 2013: First assessment of Q1 2013: Positive trends start to take hold

INSIDE TUCSON BUSINESS May 3, 2013 With the first three months of 2013 in the books, commercial real estate firms are starting to assess the situation in the Tucson market. Picor Commercial Real Estate Services is the first in with …
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April 19, 2013: Tucson Medical Center will open new multimillion-dollar surgical tower May 6

ARIZONA DAILY STAR BY: Stephanie Innes April 19, 2013 IDEA OF 4-YEAR, $134M PROJECT IS TO IMPROVE PATIENTS’ EXPERIENCE Tucson Medical Center is no longer the country’s largest single-story hospital. But that’s a good thing, TMC officials say. On May …
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April 19, 2013: Port of Tucson is ready to set to sea

INSIDE TUCSON BUSINESS BY: Patrick McNamara April 19, 2013 With a multi-million dollar investment in infrastructure complete, the Port of Tucson is setting out to sea on a new era. Patrick McNamaraThe multi-modal shipping facility on the southeast side will …
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April 3, 2013: Who’s Afraid of Social Media? CRE Growing Increasingly Comfortable, Sophisticated

COSTAR GROUP BY: Mark Heschmeyer April 3, 2013 Despite Arriving Late to the Game, CRE Industry Has Quickly Developed Leading-Edge Media Marketing Strategies It hasn’t taken commercial real estate practitioners long to shrug off their aversions to “social media” platforms. In …
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March 27, 2013: Small Tucson companies absorbing space

INSIDE TUCSON BUSINESS BY: Roger Yohem March 27, 2013 Small companies, often described as the backbone of the business community, are an active segment of the local economy. Together, these small businesses generate hundreds of new jobs and much-needed tax …
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March 26, 2013: Arizona’s Economy: April 2013 Issue

The April 2013 Issue of Arizona’s Economy Online is now available online at: http://azeconomy.eller.arizona.edu/ While indicators are still mixed, EBR’s Dr. George Hammond is predicting that economic growth in Arizona will accelerate during 2013-2014, and overall the State will experience …
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March 15, 2013: It’s about potential, Accelerate Diagnostics says about its move to Tucson

ARIZONA DAILY STAR BY: David Wichner March 15, 2013 To Larry Mehren, CEO of Accelerate Diagnostics, moving the company from Denver to Tucson was “all about potential.” On Thursday, the company marked the first step toward fulfilling that potential with …
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March 15, 2013: Arizona is 2nd nationally in solar panel installation

ARIZONA DAILY STAR BY: Associated Press March 15, 2013 Solar panel installations in the U.S. grew 76 percent in 2012 as the cost of panels and the surrounding equipment continued to fall, according to an annual report by a solar …
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March 5, 2013: Through 2017, large price increases forecast for Tucson homes

INSIDE TUCSON BUSINESS BY: Roger Yohem March 5, 2013 In the Tucson metropolitan area, average home prices increased 8.2 percent in the past year. By early October, prices are estimated to rise another 2.2 percent. And from there, the forecast …
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March 2, 2013: UA Tech Park aims to be border lab

ARIZONA DAILY STAR BY: Tom Beal March 2, 2013 WOULD DO EVALUATION, TESTING FOR CUTTING-EDGE SECURITY SYSTEMS The University of Arizona’s Science and Technology Park hopes to parlay its partnership with the U.S. arm of an international defense systems giant …
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March 1, 2013: Reuter to lead Tucson Commercial Real Estate Women

INSIDE TUCSON BUSINESS BY: Roger Yohem March 1, 2013 Barbi Reuter, chief operating officer and principal of Picor Commercial Real Estate Services, has been named 2013 president of the Tucson Commercial Real Estate Women (CREW) network. Reuter founded Picor’s property …
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February 22, 2013: PICOR’s best year since 2008 and the people who made it happen

INSIDE TUCSON BUSINESS BY: Roger Yohem February 22, 2013 PICOR honorees Cushman & Wakefield/PICOR Commercial Real Estate Services honored employees for their achievements in 2012, which the company said was its best year since 2008. Revenues were up 27 percent …
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February 18, 2013: All of Southern Arizona needs energized downtown to attract quality jobs

ARIZONA DAILY STAR BY: Kevin Madden, Guest Columnist February 18, 2013 The recent article in the Star regarding Tucson Regional Economic Opportunities and Tucson’s history of economic development efforts reminds us that economic development has been and should continue to …
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February 15, 2013: Economic development re-emerges as a priority for Tucson & Pima County

INSIDE TUCSON BUSINESS BY: Roger Yohem February 15, 2013 Nothing like a great recession, tight municipal budgets and a little wake-up call to drive home the point that “real estate matters” in this community. Lingering economic challenges are behind a …
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February 11, 2013: Puerta de Anza: Master planned community to span 3 miles along Arizona-Sonora border

ARIZONA DAILY STAR February 11, 2013 BY: Gabriela Rico Nogales, Sonora’s first master-planned community has residents flocking to the affordable-housing development, creating a critical mass that is now attracting retail and industrial investment. Five years into the 20-year residential, commercial …
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February 8, 2013: Tucson Airport Authority seeks data for flights to Sonora

INSIDE TUCSON BUSINESS BY: David Hatfield February 8, 2013 In its ongoing pursuit of expanded airline service from Tucson International Airport, the Tucson Airport Authority is launching a pair of surveys to try to pinpoint what destinations in Sonora travelers …
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February 5, 2013: Arizona bioscience jobs grew 45 percent

The REPUBLIC By: Ken Alltucker February 5, 2013 In the decade after Arizona embarked on a push to grow the biosciences, employment in the industry surged 45 percent despite recent challenges in raising venture-capital financing and securing federal research grants, …
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February 1, 2013: What’s Really Going On In SE Tucson?

THE VAIL VOICE BY: John Wilson February 1, 2013 All lot (sic) of things is the answer to that question! Let’s break them down so that you, the resident or small business owner of this area, can get a look …
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January 10, 2013: Two Tucson retail centers are sold

ARIZONA DAILY STAR BY: Gabriela Rico January 10, 2013 INVESTORS PURCHASE CAMPBELL PLAZA AND SWANWAY PLAZA Two longtime retail centers in Tucson have been sold to investors. Campbell Plaza, on North Campbell Avenue at East Glenn Street, has been purchased …
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December 14, 2012: Tucson’s economy is improving: next year you might even feel it

INSIDE TUCSON BUSINESS BY: David Hatfield December 14, 2012 The Tucson region’s economy is improving. Really. Not feeling it? Maybe next year. That’s the forecast from Marshall Vest, director of the Economic and Business Research Center for the University of …
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December 14, 2012: Jo-Ann Fabrics coming to Sahuarita

GREEN VALLEY NEWS BY: Philip Franchine December 14, 2012 Jo-Ann Fabrics and Crafts will be opening a store in the old Bashas’ store in Sahuarita Plaza, but PetSmart, another long-rumored possibility, is not coming, PICOR leasing agent Rob Tomlinson said. …
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December 3, 2012: American Airlines Sells Tucson Reservation Center for $5.1M

THE COSTAR GROUP By: Karen Schutte December 3, 2012   Freeport-McMoRan Corp to Occupy 85,000-SF Tucson Bldg Freeport-McMoRan Corporation has purchased the 85,000-square-foot building at 3350 E. Valencia Rd. in Tucson, AZ for $5.1 million, or $60 per square foot. …
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December 1, 2012: Luxury bus links Tucson, Mexico

ARIZONA DAILY STAR By: Gabriela Rico December 1, 2012 NEW SERVICE BETWEEN ARIZONA, ITS NEIGHBOR BUILDS ON EXISTING TIES A luxury bus company opened Friday for business in Tucson, and its CEO says he wants to facilitate improved U.S.-Mexico relations. …
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November 23, 2012: Tucson CREW’s Women of Influence

TREND REPORT By: Andria Burke, MAI November 2012 Tucson CREW’s leadership scored the trifecta when they were nominated as Women of Influence by Inside Tucson Business.  Jane McCollum, Linda McNulty and Barbi Reuter currently serve as Immediate Past President, President, …
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November 23, 2012: New retailers good sign for Tucson’s economic recovery

INSIDE TUCSON BUSINESS BY: Patrick McNamara November 23, 2012 A wave of new retailers coming into the Tucson region could indicate good news for the larger economy. “I think it’s a good sign that retailers are beginning to look at Tucson …
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November 20, 2012: Mexican Shoppers Help Tucson’s ‘Black Friday’

ARIZONA PUBLIC MEDIA By: Fernanda Echavarri November 20, 2012 Mexican visitors spend about $2 billion a year in Arizona, half of it in Pima County. On “Black Friday,” biggest shopping day of the year in the United States, they will …
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November 8, 2012: Arizona looks to poach California jobs, businesses after tax increases

PHOENIX BUSINESS JOURNAL By: Mike Sunnucks November 8, 2012 Voter approval of California ballot measures increasing income taxes on the rich as well as state sales and business taxes is prompting another Arizona effort to poach jobs and companies from …
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November 8, 2012: Tucson’s Select Top Office Leases for Q3 2012

By: CoStar Research November 8, 2012 The following is an account of the Tucson market’s select top five office lease transactions for the third quarter of 2012. Northwest Hospital renewed its 9,851-square-foot lease at 6130 N. La Cholla Blvd. in …
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October 31, 2012: Hammond among honorees at Tucson Hispanic Chamber of Commerce Noche de Exitos 2012

The Tucson Hispanic Chamber of Commerce announced the winners of the Bi-National Business Awards at the annual Noche de Exitos Gala held at Casino del Sol hotel on October 13th. C&W | PICOR President and CEO, Mike Hammond, was among …
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October 29, 2012: Freeport-McMoRan buys vacant American Airlines call center building

INSIDE TUCSON BUSINESS By: Roger Yohem October 29, 2012 Global mining company Freeport-McMoRan Copper & Gold has purchased the vacant American Airlines call center building at 3350 E. Valencia Road for $5.2 million. The 85,000 square-foot reservation center has been …
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October 29, 2012: New trade center in Nogales assists Sonoran businesses

ARIZONA DAILY STAR By: Gabriela Rico October 29, 2012 Owners, operators and investors in Sonora’s maquiladora industry now have designated meeting space north of the border. The Americas Trade and Commerce Center, a new office complex in the center of …
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October 12, 2012: Email n txtng no sub 4 open FTF mtgs when biz 2B dun

INSIDE TUCSON BUSINESS By: Roger Yohem October 12, 2012 Face-to-face communications, dubbed FTF, is not “old school.” In business, FTF has an important bottom line: minimize misunderstandings and maximize effectiveness. No other communications tactic tops sitting down with someone and …
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October 12, 2012: Tucson task force to combat metal theft in full swing

INSIDE TUCSON BUSINESS BY: Alan M. Petrillo October 12, 2012 A wide assortment of business and construction organizations have banded together with law enforcement and governmental agencies to combat the problem of metal theft in Southern Arizona. Originating with the …
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October 12, 2012: With beginning behind it, UA BioPark looks to future

ARIZONA DAILY STAR By: David Wichner October 12, 2012 After more than a decade of planning and nearly three years after its groundbreaking, the University of Arizona Bioscience Park is celebrating the end of the beginning. And while the first …
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September 30, 2012: Tech firm will open plant in Tucson

ARIZONA DAILY STAR BY: David Wichner September 30, 2012 A California-based maker of magnetic components and related products for high-tech applications is opening a plant in Tucson that is expected to employ up to 200 people in five years. Integrated …
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September 21, 2012: Dirt Alert: For land deals, the way things were will never be again

As Southern Arizona’s economy slowly climbs out of a horrific recession, hard cash is the new king that reigns over the land empire business. Borrowing money to buy dirt is a non-starter. For investors, speculators, developers and home builders, the …
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September 14, 2012: Fostering trade and tourism relations with Mexico

INSIDE TUCSON BUSINESS BY:  Brent DeRaad, MTCVB September 14, 2012 I was fortunate to be part of a delegation of Arizonans going to Mexico, headed by Tucson Mayor Jonathan Rothschild and Phoenix Mayor Greg Stanton. The trip was created to …
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September 5, 2012: Tucson Tech Corridor

TREND REPORT BY: Heather Dominguez & Vince Vasquez September 2012 The Interstate-10 corridor on Tucson’s southeast side has quietly become a dynamic regional employment center. The area is now home to more than 10,000 jobs and 150 companies (and growing), …
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August 31, 2012: Tucson retail center rebuild brings 200 jobs, $4 million

INSIDE TUCSON BUSINESS BY: Roger Yohem August 31, 2012 With W.E. O’Neil Construction Company as the general contractor, more than 70 percent of the subcontractors working on the retail renovation of the northeast corner of East Broadway and Craycroft Road …
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August 30, 2012: Tucson firm pays $20M for Scottsdale shopping center

PHOENIX BUSINESS JOURNAL By: Kristena Hansen August 30, 2012 Holualoa Companies, a Tucson-based investment firm that specializes in reviving underperforming real estate properties, handed over $20.55 million this month to take over a nearly 162,000-square-foot shopping center at a prominent …
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August 28, 2012: Accelr8’s move to Tucson speeds up biotech outlook

ARIZONA DAILY STAR David Wichner August 28, 2012 If Larry Mehren’s vision becomes a reality, Tucson could be home to a technology that could revolutionize the treatment of bacterial infections. And though there are a lot of ifs that must …
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August 13, 2012: New manufacturing plants set to open in Sonora

ARIZONA DAILY STAR By: Gabriela Rico August 13, 2012 AEROSPACE MANUFACTURERS TO OPEN IN GUAYMAS IN WAKE OF ROLLS-ROYCE’S CREATION OF AIRCRAFT SUPPLY HUB A Tucson company’s industrial park in Guaymas, Sonora, has landed two new aerospace manufacturers. Construction is …
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August 3, 2012: U. S. and Mexican aircraft JV to build jets in Sonora, Mexico

ARIZONA DAILY STAR BY: Gabriela Rico August 2, 2012 ROCKY POINT PLANT WILL HIRE UP TO 400 WORKERS FOR $100M PROJECT, SERVE AS PILOT TRAINING SITE A venture between U.S. and Mexican aircraft companies promises to create up to 400 …
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August 1, 2012: Tucson’s Southeast Economic Corridor

TREND REPORT By: Mayor Jonathan Rothschild August 2012 Cities need a strong urban core, and Tucsonans have heard for some time about downtown development. Projects downtown are coming to fruition. The streetcar will bring more private investment along the route–in …
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July 26, 2012: Tucson’s Select Top Industrial Leases for Q2 2012

COSTAR GROUP By: Adam Jarrett July 25, 2012 The following is an account of the Tucson market’s select top five industrial lease transactions for second quarter 2012. SOLON America renewed 101,226 square feet in Tucson Commerce Center II at 6950 …
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July 24, 2012: Tucson Spectrum Shopping Center Sells to DDR for $80 Million

ARIZONA DAILY STAR By: Carli Brousseau July 24, 2012 An Ohio-based real estate investment trust has bought Tucson Spectrum, a million-square-foot shopping center on West Irvington Road near Interstate 19. DDR Tucson Spectrum III LLC and DDR Tucson Spectrum II …
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July 20, 2012: Tourists to Tucson spent a record $2.4 billion in 2011

INSIDE TUCSON BUSINESS July 20, 2012 Tourists spent a record $2.4 billion in the Tucson region last year, according to a new report from the Arizona Office of Tourism. The amount topped the previous yearly record of $2.2 billion spent …
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July 10, 2012: Mexico: numero uno in LatAm?

FINANCIAL TIMES By: Adam Thomson July 10, 2012 Forget the Bric countries or even just Brazil, the sweetheart of international investors over the past few years: it’s all about Mexico now. That is the overriding conclusion of a report on …
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July 9, 2012: Tucson-based Raytheon unit wins $636M missile-defense pact

ARIZONA DAILY STAR July 9, 2012 Tucson-based Raytheon Missile Systems has been awarded a six-year, $636 million contract to continue developing and providing an interceptor warhead for the nation’s emerging ground-based missile defense system. Raytheon provides the Exoatmospheric Kill Vehicle …
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June 28, 2012: Campus Acquisitions Pays $3.4M for Student Housing Tower Site

COSTAR GROUP By: Karen Schutte June 15, 2012 Campus Acquisitions Holdings purchased the 29,495-square-foot lot at 1020 – 1042 N. Tyndall for $3.39 million, or about $5 million per acre. The lot previously had a 12,000-square-foot apartment building that was …
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June 28, 2012: With community survey complete, Imagine Greater Tucson prepares for next steps

INSIDE TUCSON BUSINESS By: Patrick McNamara June 28, 2012 It’s been more than two years in the making, and now the community visioning process called Imagine Greater Tucson has reached a milestone. The group’s community survey has wrapped up, with …
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June 15, 2012: Tucson’s first LEED industrial building already is half full

INSIDE TUCSON BUSINESS By: Roger Yohem June 15, 2012 When New York-based commercial real estate developer Rockefeller Group entered the Tucson market in 2010, its leaders didn’t flinch at the flaws in their location. They picked the submarket surrounding Tucson …
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June 13, 2012: Mexican Shoppers Pump $1 Billion into Tucson Economy

BIZTUCSON By: Michael Serres June 13, 2012 The motor coaches from Sonora pulled into Tucson in the wee hours, jammed with passengers on a mission. “It was a shopping frenzy,” recalled J. Felipe Garcia, who oversees Mexico marketing for the …
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June 8, 2012: Mid-Year Economic Assessment: Tucson’s recovery having trouble staying in gear

INSIDE TUCSON BUSINESS By: David Hatfield June 8, 2012 The Tucson region’s economic recovery is trying to stay in gear and gain traction but obstacles threatening it include an “economic cliff” coming Jan. 1 if Congress doesn’t come up with …
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June 1, 2012: Port of Tucson goes global, to ship directly to China

INSIDE TUCSON BUSINESS By: Roger Yohem June 1, 2012 By December, the Port of Tucson’s $19 million rail system expansion should be complete. That will enable the freight handler to ship intermodal containers for clients directly to destinations around the …
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May 27, 2012: Tucson Luxury Student Housing Construction Booming

ARIZONA DAILY STAR BY: Carli Brosseau May 27, 2012 If all goes as planned, more than 2,700 university students will move into six new luxury student housing complexes by the start of the 2013 school year. The privately built student …
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May 25, 2012: Tucson is at the ‘T’ crossroads of global logistics opportunity

INSIDE TUCSON BUSINESS By: Roger Yohem May 25, 2012 Major international cargo corridors literally converge to form a “T” on Tucson, creating a lucrative opportunity as a logistics crossroads. To move products to market, the region’s air, highway and rail …
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May 18, 2012: Prime Tucson Retail Corner Announces Four Tenants

INSIDE TUCSON BUSINESS By: Roger Yohem May 18, 2012 Four retailers, anchored by Tucson’s first 50,000-square-foot Hobby Lobby, will move onto the 7.4-acre former Mervyn’s department store site at the northeast corner of East Broadway and Craycroft Road. The building, …
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May 15, 2012: C&W | PICOR Brokers Sale of 88 Tucson Apartment Units

THE COSTAR GROUP By: Karen Schutte May 15, 2012 Gould Family Properties VIII LLC, a Florida-based investment company led by Wayne Gould, purchased the Stone Leaf Villas and Oasis in the Catalinas for an aggregate total of $3.4 million. Stone …
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May 4, 2012: Tucson’s Select Top Industrial Leases for Q1 2012

COSTAR GROUP By: Adam Jarrett May 2, 2012 The following is an account of the Tucson market’s select top five industrial lease transactions for first quarter 2012. WESCO Distribution renewed 18,424 square feet at 1150 S Plumer Ave. in Tucson. …
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May 4, 2012: Commercial real estate grinds out small first quarter gains

INSIDE TUCSON BUSINESS Roger Yohem May 4, 2012 Where are the jobs? The substantive, significant jobs? New first quarter 2012 data show that despite growing optimism, the hard numbers depict an uneven, grinding improvement in the Tucson region. In the …
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May 2, 2012: Market Trend: Tucson’s Industrial Vacancy Increases to 11.8%

COSTAR GROUP By: Adam Jarrett May 3, 2012 The Tucson Industrial market ended the first quarter 2012 with a vacancy rate of 11.8%. The vacancy rate was up over the previous quarter, with net absorption totaling negative 66,319 square feet …
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May 2, 2012: Ten Arizona companies on the verge of something big

PHOENIX BUSINESS JOURNAL Patrick O’Grady May 2, 2012 Arizona Commerce Authority names finalists for Innovation Challenge The Arizona Commerce Authority has whittled a list of more than 300 entries down to 10 finalists for its $1.5 million Innovation Challenge. ACA officials announced …
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May 1, 2012: U.S. Consumer Confidence vs. Warehouse Demand: C&W Industrial Fact of the Week

Source: Cushman & Wakefield Research, The Conference Board. Only markets tracked by Cushman & Wakefield offices are included in this analysis. A sustained increase in consumer spending helped drive U.S. industrial users to absorb 13.6 million square feet of warehouse/distribution space in the …
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April 30, 2012: Arizona’s Economy: Data Round-Up

ELLER COLLEGE OF MANAGEMENT By: Valorie Rice and Maile Nadelhoffer March/April 2012 The Census Bureau released a report on annual state government tax collections April 12 (it was revised April 17).  It stated that overall collections for states increased $55.7 …
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April 27, 2012: ITB: PICOR’s ‘no-agenda’ roundtable is remarkably insightful event

INSIDE TUCSON BUSINESS By: Roger Yohem April 27, 2012 For a get-together with no set program, Mike Hammond runs a terrific business “roundtable.” Once a year “or whenever,” the president and CEO of PICOR Commercial Real Estate Services hosts about …
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April 13, 2012: ITB Covers Tucson’s ‘Power Brokers’ and LaPrise to PICOR

INSIDE TUCSON BUSINESS Roger Yohem April 13, 2012 Excerpts from the weekly Inside Real Estate & Construction column highlight annual Tucson CoStar Power Broker recognition for firms and individuals and PICOR’s expanded retail brokerage capabilities, hiring Aaron LaPrise: Tucson’s ‘Power …
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April 12, 2012: PICOR – 10 Years of Cross-Border Success

BIZTUCSON Gabrielle Fimbres April 12, 2012 Editor’s Note: The following article appears in the Spring 2012 edition of BizTucson as part of a special report on Arizona-Mexico trade: For years, PICOR Commercial Real Estate has done business along the border, …
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April 11, 2012: Tucson’s Select Top Office Leases for Q1 2012

THE COSTAR GROUP Adam Jarrett April 11, 2012 The following is an account of the Tucson market’s top five office lease transactions for first quarter 2012. Concentra Medical Center renewed 11,532 square feet at 4600 S Park Ave. in Tucson. Buzz …
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April 6, 2012: Tucson Sales & Leases

INSIDE TUCSON BUSINESS Roger Yohem April 6, 2012 Sales and leases Since January, there has been a notable increase in commercial real estate leases (see The Space Race: Commercial building leases rocket upward on pages 3-5.) The change has brokers …
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April 6, 2012: The Space Race: Commercial building leases rocket upward

INSIDE TUCSON BUSINESS Roger Yohem April 6, 2012 Editor’s note: Despite the very optimistic flavor of this article’s headline, consensus of the many seasoned Tucson brokers interviewed, both from PICOR and other Tucson commercial real estate firms, is that the Tucson …
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April 6, 2012: Cushman & Wakefield | PICOR Expands Retail Brokerage Services in Tucson

Aaron LaPrise joins Cushman & Wakefield | PICOR Commercial Real Estate, representing both shopping center owners and retailers. Bringing his expertise to one of Tucson’s top retail brokerage teams, Aaron is a native Tucsonan, formerly with The Harpel Company and …
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March 11, 2012: Retailers expanding in Tucson: Walmarts on the march

Dale Quinn ARIZONA DAILY STAR March 11, 2012 The Walmarts are coming. In the wake of the Great Recession, Walmart is one major retailer with significant plans for expansion in Tucson. The company has three new supercenters and two neighborhood …
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March 9, 2012: Inside Tucson Business: PICOR Top Achievers 2011

INSIDE TUCSON BUSINESS By: Roger Yohem March 9, 2012 PICOR Top Achievers 2011 PICOR Commercial Real Estate Services has honored several executives for their achievements in 2011, with two of the highest honors going to principals Tom Nieman and Rob …
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March 8, 2012: Tucson Power Broker Awards – CoStar Group 2011

COSTAR GROUP March 7, 2012 Each year, CoStar tallies the commercial real estate sales and lease transactions that closed during the previous year and presents CoStar Power Broker Awards to the firms and individual brokers who closed the highest transaction …
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March 2, 2012: Question for city, town and county officials: Where were you?

INSIDE TUCSON BUSINESS By Mike Varney, Tucson Metro Chamber March 2, 2012 Knock knock. Is anyone home? Does anyone on the local town councils, the Tucson City Council or the Pima County Board of Supervisors want to root for the …
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February 21, 2012: Tucson Retail Land Sale: QuikTrip to rise on old De Anza site

ARIZONA DAILY STAR By: Dale Quinn February 21, 2012 QuikTrip Corp. has purchased a portion of the former De Anza Drive-In and plans to open a location there by the end of the year. Construction of a QuikTrip convenience store …
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February 20, 2012: 2011 Tucson Commercial Real Estate Market Review & Forecast

PICOR Principal Barbi Reuter highlighted Tucson commercial real estate market statistics and performance for the Metropolitan Pima Alliance on February 17, 2012. In addition, she commented on the 2012 forecast for each market segment: office, retail and industrial. Click the following …
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February 14, 2012: Multinational Solar Company Moves into Tucson’s UA Tech Park Solar Zone

(Tucson, Arizona) The University of Arizona Science and Technology Park (UA Tech Park) is pleased to announce its newest, multinational, solar tenant — AstroSol Tech Park AZ LLC (AstroSol). AstroSol will own and operate a 6.1 megawatt solar photovoltaic facility …
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February 8, 2012: New Downtown Tucson Office Building to House RTA Headquarters

The RTA, the biggest investor in the Tucson modern-streetcar project, is planning to move into a new, streetcar-oriented building downtown. Robert Caylor Construction Co. is developing a six-story building at the northeast corner of Broadway and Stone Avenue. Caylor’s One …
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January 25, 2012: Sluggish outlook for Tucson commercial real estate

Dale Quinn ARIZONA DAILY STAR January 25, 2012 Tucson’s commercial real estate market will likely continue its lackluster performance for the foreseeable future, several brokers told a gathering of property owners and managers Tuesday. Last year, various real-estate sectors – …
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January 20, 2012: Tucson CREW Elects 2012 Leadership and Recognizes 2011 Achievements

Roger Yohem INSIDE TUCSON BUSINESS January 20, 2012 Attorney Linda McNulty of Lewis & Roca has been named 2012 president of Tucson CREW (Commercial Real Estate Women). She is a partner with the firm’s real estate and finance practice groups. During her …
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January 12, 2012: Tucson’s Office Market Shows Improvement in 4Q 2011

Two recent releases from CoStar, the primary commercial property data source for Tucson office market data, indicate improvement in the Tucson office market at year end 2011, consistent with PICOR’s own year end report and forecast. PICOR office specialists handled …
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January 11, 2012: With concerted effort, Tucson can become next mini-Silicon Valley

Fernando Martinez ARIZONA DAILY STAR January 11, 2012 In the midst of all the difficulties that the U.S. economy is going through, Silicon Valley stands out as the exception. In Santa Clara or Palo Alto, Calif., incomes are almost twice …
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January 11, 2012: Tucson’s Raytheon unit awarded multiple contracts

ARIZONA DAILY STAR December 2011/January 2012 Tucson Raytheon unit wins $213M in contracts for ship-defense missile January 11, 2012 Tucson-based Raytheon Missile Systems has been awarded two contracts totaling $212.8 million for the production of the Evolved Seasparrow Missile, with …
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January 4, 2012: Forecasters predict surge in Mexican peso in early 2012

Ben Bain and Zachary Tracer BLOOMBERG/ARIZONA DAILY STAR January 4, 2012 MEXICO CITY – The Mexican peso, Latin America’s most battered currency in 2011, is forecast to post the region’s biggest gains in the next six months as policy makers …
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December 20, 2011: Ugly Grant could get major face-lift with overlay zone

Rhonda Bodfield ARIZONA DAILY STAR December 20, 2011 As streets go, there’s ugly, and then there’s Grant Road. Jim Hogan has been in business along Grant since 1976, and he’ll be the first to say it’s not an attractive street. …
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December 14, 2011: Bank sells Briarwood Apartments, PICOR brokers sale

INSIDE TUCSON BUSINESS December 14, 2011 A group of investors based in Chicago and Jacksonville, Fla. have purchased the distressed Briarwood Apartments out of foreclosure. For $6 million, College Town Tucson LLC acquired the 196-unit complex at 1300 E. Ft. …
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December 14, 2011: Shippers looking to take Tucson’s railway port international

KVOA TV December 14, 2011 TUCSON – Did you know Tucson has a port? It’s a domestic railyard port, but shippers are planning to expand it to an international port that could help Tucson’s economy pick up steam. Trains roll …
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December 13, 2011: Tucson tech: Cost-cutting technologies can help U.S. compete in solar

David Wichner ARIZONA DAILY STAR December 13, 2011 It wasn’t exactly a chamber-of-commerce day in Tucson as a key U.S. Energy Department official visited on Monday to talk solar energy with local researchers and industry folks. But despite the rain …
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December 9, 2011: Tucson should recover lost jobs by 2015, UA economist forecasts

INSIDE TUCSON BUSINESS December 9, 2011 Tucson’s economic recovery is happening – slowly and not assuredly –  and if his projection holds true, economist Marshall J. Vest says Tucson should recover all of the jobs lost during the economic recession …
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December 8, 2011: Commercial Real Estate and Technology: Get on Board

Barbi Reuter, PICOR TREND REPORT December 2011 Commercial real estate (CRE) is a relationship business. Technology tools enhance relationships and service delivery; they don’t replace them. Said another way, technology and social media are not ends in themselves, but means …
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December 5, 2011: Tucson New Multifamily Construction

Bob Kaplan, PICOR TREND REPORT December 2011 After almost two decades of very modest Apartment construction in Pima County, apartment developers have suddenly become very active this past year. There are currently 7 projects under construction in Pima County and …
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November 30, 2011: Tucson Business Organizations Sign Unprecedented Cooperation Agreement

Tucson Regional Economic Opportunities, Inc. (TREO), Southern Arizona Leadership Council (SALC), Tucson Metro Chamber (TMC) and the Tucson Hispanic Chamber of Commerce (THCC) have signed a cooperation agreement to advance Tucson as an economically-viable region that can compete on a …
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November 29, 2011: Summit Products Inks 22,000-SF Deal

Summit Products leased 22,239 square feet at 576 E. 16th St. in Tucson, AZ from Sydco Realty Company. Summit Products provides cabinetry, countertops, and sinks at wholesale discount prices. The tenant will be relocating from its current 8,000-square-foot location at …
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November 18, 2011: Visit, invest in Sonora, its governor urges

By: Ernesto Portillo, Jr. ARIZONA DAILY STAR The Mexican state of Sonora wants to do more business with Arizona, said Gov. Guillermo Padrés Elías, saying American investments will receive a strong and safe return. In his first official visit to …
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November 16, 2011: People to Know 2011 – PICOR Nominees

AZBIGMEDIA November 16, 2011 AZRE Magazine’s People to Know 2011 reception and awards ceremony was held on November 10, 2011 at the Scottsdale Waterfront. In attendance was Arizona’s largest local and national real estate audience, including the following People to …
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November 11, 2011: Sun Corridor’s advantages could draw global business away from other ports

By: Roger Yohem INSIDE TUCSON BUSINESS November 11, 2011 Close to the visionary Sun Corridor, the Port of Tucson is a thriving logistics operation located right on the Union Pacific Railroad’s main east-west line across the United States. Due to …
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November 7, 2011: Arizona trade helped by strong Mexican economy

By: Joshua Armstrong, Cronkite News Service ARIZONA DAILY STAR November 7, 2011 WASHINGTON – A strong Mexican economy is helping Arizona keep pace with other states in export sales this year. Mexico accounted for more than a third of the …
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October 31, 2011: Safelite AutoGlass expands into huge space

By: Roger Yohem INSIDE TUCSON BUSINESS November 1, 2011 Safelite AutoGlass has leased a large space near the Tucson International Airport to expand its service and warehouse operations. The vehicle glass repair and replacement service specialist has taken 33,311 square …
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October 28, 2011: Inside Tucson real estate & construction

By: Roger Yohem INSIDE TUCSON BUSINESS October 28, 2011 Tucson commercial real estate news, excerpted from Inside Tucson Business’ full column: Apartments improve If conditions hold, the multi-family sector in Tucson will record its best year since 2008. Although not a …
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October 27, 2011: Tucson’s Select Top Industrial Leases for Q3 2011

By: Adam Jarrett COSTAR GROUP October 27, 2011 The following is an account of the Tucson market’s select top 10 industrial lease transactions for third quarter 2011. B/E Aerospace renewed 90,000 square feet and expanded into an additional 26,000 square …
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October 20, 2011: Tucson’s Select Top Retail Leases for Q3 2011

By: Adam Jarrett COSTAR GROUP October 20, 2011 The following is an account of the Tucson market’s top 10 retail lease transactions for the third quarter 2011. Whole Foods renewed 44,000 square feet for 20 years in Casas Adobes Plaza at 7119-7133 …
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October 18, 2011: Arizona moves from 8th to 3rd in solar-energy workers

ARIZONA DAILY STAR October 18, 2011 Arizona ranks third among the states for the number of solar-energy jobs, up from eighth last year, says an industry survey released Monday. Arizona had an estimated 4,786 solar jobs and 980 solar establishments …
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October 17, 2011: Tucson’s Select Top Office Leases for Q3 2011

By Adam Jarrett COSTAR GROUP October 17, 2011 The following is an account of the Tucson market’s top 10 office lease transactions for third quarter 2011. Providence Service Corp. leased 22,667 square feet at 1161-1181 N El Dorado Place in …
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October 17, 2011: Tucson’s Select Top Office Leases for Q3 2011

By: Adam Jarrett COSTAR GROUP October 17, 2011 The following is an account of the Tucson market’s top 10 office lease transactions for third quarter 2011. Providence Service Corp. leased 22,667 square feet at 1161-1181 N El Dorado Place in …
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September 30, 2011: ‘Nicest luxury’ apartment complex prepares to open

By: Roger Yohem INSIDE TUCSON BUSINESS September 30, 2011 Apartment developer Humberto Lopez confidently boasts his newest complex is “the nicest luxury project in Tucson.” At a cost of $35 million, the 13-acre project seems to defy financial logic during …
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September 28, 2011: A banner week for Tucson jobs announcements

MULTIPLE SOURCES September 28, 2011 In today’s Arizona Daily Star, news of three firms with plans to hire hundreds of employees in greater Tucson is welcome news for Tucson’s economic development road to recovery. Bombardier First, Governor Jan Brewer and …
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September 20, 2011: Tucson CREW presents an AZ Town Hall Event: Capitalizing on Arizona’s Arts & Culture

Tucson Commercial Real Estate Women (CREW) has partnered with Arizona Town Hall to present a luncheon program and panel discussion on the impact of arts and culture on our local economy. The event will be held Thursday, October 20, 2011 …
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September 9, 2011: Picor introduces QR codes to market commercial real estate

By: Roger Yohem INSIDE TUCSON BUSINESS September 9, 2011 In marketing and sales, creativity can make a difference and lead to a successful business transaction. It’s a competitive philosophy that has been embraced by PICOR Commercial Real Estate Services in …
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September 8, 2011: California Investors Acquire Tucson Strip Center

By: John Walz COSTAR GROUP September 8, 2011 Emanuel Yashari of Santa Monica-based Emma Corporation and Frank Pournazarian of Encino-based Parkford Properties purchased the 34,950-square-foot Eastridge Plaza shopping center for $2.64 million, or about $75.50 per square foot, from San …
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September 6, 2011: President Sander visits the University of Arizona Research Parks

Click here for more information on space available in UA Tech Park.    


September 1, 2011: PICOR and Pearlmark Real Estate Partners lease 21,579 SF at 333 E Wetmore

By: Rick Kleiner, MBA TREND Report September 2011 With the signing of two of the quarter’s largest office leases for new space, occupancy at 333 East Wetmore has reached 90%, outpacing the market average of 87.5% and achieving the highest …
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September 1, 2011: Trends in the Tucson Medical Office Market – On the Road to Better Health?

By Tom Nieman, Rick Kleiner, MBA, Tom Knox, SIOR – PICOR TREND Report September 2011 Overview The current medical office market environment is dynamic and challenging, and participants need to take a long-term view in order to see the end of the …
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September 1, 2011: Controlling Office Building Operating Expenses in a Competitive Environment

By: Eileen Lewis, PICOR TREND Report September 2011 Building operating costs are a major component of the monthly rent paid by office occupiers each month, and property managers, landlords and tenants in Tucson’s office buildings are motivated to control expenses …
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September 1, 2011: Tucson Commercial Real Estate Women (CREW) September Luncheon: Appraisal Panel

 Interested in the commercial real estate market in Tucson? September’s appraisal program is an open meeting. RSVP to: Tucson CREW      


August 26, 2011: County unveils $230M economic development plan

By Patrick McNamara INSIDE TUCSON BUSINESS August 26, 2011 When Raytheon Missile Systems, the region’s largest employer, decided in 2010 to open a new manufacturing facility at Huntsville, Ala., instead of Tucson, it raised the spectre: What if Raytheon left Tucson …
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August 18, 2011: Activate Tucson: Worksite Wellness Executive Business Forum

Activate Tucson, a collaboration effort by Tucson organizations to get our community moving, is presenting a free wellness forum for Tucson area business executives on Friday, September 16th from 7:30 – 9:00 a.m. Breakfast provided by Lodge on the Desert. …
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August 18, 2011: New on PICOR Connect: Arizona’s slow housing recovery and the multifamily market impact

By: Allan Mendelsberg PICOR CONNECT August 18, 2011 Once the poster child for national population growth and housing starts, Arizona, like other states historically reliant on construction, took a beating in the downturn, and the well-publicized forecast points to a …
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August 13, 2011: Firm’s luxury aircraft interiors in demand

Editor’s note:  Peter Douglas, SIOR with PICOR Commercial Real Estate Services and Graham Real Estate Advisors handled BE Aerospace‘s recent expansion from 90,000 square feet to 129,652 square feet in Tucson. By: David Wichner ARIZONA DAILY STAR August 13, 2011 …
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August 12, 2011: Vast scope of commercial real estate hard to imagine

By Roger Yohem INSIDE TUCSON BUSINESS August 12, 2011 OK, so it’s a twisted spin of an old joke, but here goes: How many commercial business buildings does it take to serve Tucson’s 1 million residents? The detailed answers are in …
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August 9, 2011: Tucson Commercial Real Estate Financing Trends: Guest Post

By: Eric Lamb WELLS FARGO August 9, 2011 As everyone knows, the past few years have been a tumultuous time for the commercial real estate market.  On the financing side, banks have spent a lot of time managing their loan …
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August 5, 2011: Tucson tourism improves despite major budget cut

By: Courtney Carlmark KOLD 13 TUCSON, AZ (KOLD) – Classic cars, boats, hot rods, and much more will take over the Tucson Convention Center this weekend. 6,000-8,000 folks are expected to walk through the TCC doors Saturday for the second …
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July 30, 2011: Unrecorded restriction may doom Tucson land deal

By: Matthew Casey ARIZONA DAILY STAR July 30, 2011 A proposal to build a Sam’s Club on city land at Interstate 19 and West Irvington Road is on hold because city officials overlooked a restriction prohibiting retail development on the site …
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July 26, 2011: Tucson’s Solon Corp. seeks better ways to store energy

By: David Wichner ARIZONA DAILY STAR July 26, 2011 The sun and wind are great sources of clean and renewable energy, but the sun doesn’t always shine and the wind doesn’t always blow. A new local research project aims to …
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July 26, 2011: New call center plans to hire 600 in Tucson

By Phil Villarreal ARIZONA DAILY STAR July 26, 2011 A Florida-based company will open a call center in Tucson and host a job fair Wednesday and Thursday to fill full-time positions. Customer service company CustomerContactChannels (C3) will open its first …
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July 21, 2011: Sad to say, the ­economic recovery has bypassed Pima County

By: Roger Yohem INSIDE TUCSON BUSINESS July 21, 2011 For economic conditions to improve in Tucson and Pima County, only one thing matters: jobs. But from where? We already have too many university and government jobs. Manufacturing diversity is weak. …
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July 18, 2011: Market Trend: Tucson’s Office Vacancy Stays at 12.5%

By Justin Summer COSTAR July 18, 2011 Net Absorption Positive 16,150 SF in the Quarter The Tucson Office market ended the second quarter 2011 with a vacancy rate of 12.5%. The vacancy rate was unchanged over the previous quarter, with …
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July 11, 2011: US-Mexico border finds new role as tourist draw

By Tim Gaynor REUTERS NOGALES, Ariz | Mon Jul 11, 2011 5:05am EDT (Reuters) – After listening to a fiery national debate about the impact of illegal immigration and drug smuggling over the porous U.S.-Mexico border, retiree Edgar King figured he would make up …
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June 22, 2011: Unanimous Pima County approval for 300 acre FRV Solar Farm

By: Rhonda Bodfield ARIZONA DAILY STAR June 22, 2011 The Pima County Board of Supervisors unanimously approved a vast solar energy farm west of the Tucson Mountains that was pitched as a linchpin for the area’s ability to lure such …
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May 12, 2011: UA Bio Park is now development-ready; construction set to ‘go vertical’ this summer

By Roger Yohem INSIDE TUCSON BUSINESS May 12, 2011 With Phase I complete, the University of Arizona’s 65-acre Bio Park is “development-ready.” That milestone has prompted private developers and investors to move forward on their business plans at the massive …
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May 3, 2011: PICOR brokers sale of 5 Beaudry RV properties to Tampa firm for $9.55M as ‘strategic location’

By Dale Quinn ARIZONA DAILY STAR May 3, 2011 Lazydays, a Tampa, Fla.-based recreational vehicle company, has acquired the property in Tucson once owned and occupied by Beaudry RV. Lazydays paid $9.55 million for the RV campground, sales and service …
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April 29, 2011: Towers of power: UA tech park gains world-class solar panels

By: David Wichner ARIZONA DAILY STAR April 29, 2011 Tucson added to its growing solar-energy credentials Thursday with the dedication of one of the world’s most efficient photovoltaic systems at the University of Arizona Scie   nce and Technology Park. …
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April 21, 2011: Region to see fundamental economic shift away from residential development

By Roger Yohem INSIDE TUCSON BUSINESS April 21, 2011 The housing industry’s reign in Southern Arizona as a traditional economic power may be over. Outside-the-market analysts, free of the opinions and influence of local business leaders, are firming up projections …
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April 15, 2011: Strong opportunities for Tucson Class A apartments

By Eric Lamb, Wells Fargo INSIDE TUCSON BUSINESS April 15, 2011 It is generally accepted that there are four major types of commercial real estate: office, industrial, retail and multifamily (apartments). The demand for commercial real estate peaked in 2007 …
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April 12, 2011: Push is on to secure dispensary locations

By Dale Quinn ARIZONA DAILY STAR April 12, 2011 In a small east-side strip mall that includes a martial-arts school and a dental office geared toward children, one of Tucson’s first medical-marijuana dispensaries could soon open its doors. About four …
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April 3, 2011: ‘Science City’ fits Tucson’s image

By: Tom Beal ARIZONA DAILY STAR April 3, 2011 “Science City” – that’s how Tucson should be known and branded, says UA Dean of Science Joaquin Ruiz. To begin with, research science is a big deal at the University of …
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March 31, 2011: Tucson area real estate limited for medical marijuana operations

By Patrick McNamara INSIDE TUCSON BUSINESS March 31, 2011 With the rules that govern Arizona’s burgeoning medical marijuana industry finalized, interest in opening a qualified dispensary is high. But finding available space for a dispensary or cultivation operation in the …
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March 31, 2011: Name that Blog!

By PICOR Commercial Real Estate March 31, 2011 PICOR is launching it’s new blog, and “PICOR Blog,” just lacks, well….sizzle. Here’s where you can help: Throw one or more names in the hat, and you could win a $100 gift …
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March 18, 2011: Leadership Matters

By Barbi Reuter, Principal PICOR COMMERCIAL REAL ESTATE SERVICES March 18, 2011 As Tucson moved closer to recovery in 2010, our 40 professionals brought value to their clients and team by bringing time-tested guidance to each transaction and assignment. We …
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March 13, 2011: Commercial real estate glass half … something

By Dale Quinn ARIZONA DAILY STAR March 13, 2011 After two years of gloomy talk about commercial real estate, local brokers are feeling glimmers of optimism. While landlords and sellers in all market segments – retail, office, industrial and multifamily …
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March 3, 2011: Donations in Action

Pancake Breakfast By PICOR March 3, 2011 The PICOR Charitable Foundation (PCF) donated funds to the Educational Enrichment Foundation (EEF) and sponsored their annual shoe shopping event for disadvantaged children and teens at the Payless Shoesource on 22nd & Alvernon …
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February 14, 2011: Retailers ponder consumer’s new conservative spending

By Roger Yohem INSIDE TUCSON BUSINESS February 14, 2011 The question for the retail commercial real estate sector in the Tucson region is: Will the rate of store openings outpace the rate of store closings? As retailers adjust to the …
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February 1, 2011: How Your Organization Can Evolve Into An Over-The-Top Workplace Of The Future

By Baron Hanson SMARTBLOG INSIGHTS February 1, 2011 Welcome to the modern world of over-the-top workplaces designed to save employees time, money and life-aches. For advanced companies and executives in specialized human resource or innovation-driven industries, over-the-top workplaces designed to …
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January 6, 2011: Arizona and Sonora need each other for economic growth

By Opinion/Editorial ARIZONA DAILY STAR January 6, 2011 The neighboring states of Arizona and Sonora need each other, but their long, strong relationship was badly damaged over the past year. It’s vital that healing and repair be political and economic …
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January 2, 2011: Tucson group going south to promote trade with Mexico

By Mariana Alvarado and Tim Steller ARIZONA DAILY STAR January 2, 2011 A group of local business owners is planning to travel to Hermosillo and Ciudad Obregón, Sonora to promote cross-border commerce and get the word out to Tucsonans that …
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December 26, 2010: Tucson Real Estate: New tenants starting to fill empty stores

By Dale Quinn ARIZONA DAILY STAR December 26, 2010 As 2010 comes to a close, many of the gaping holes in shopping centers across Tucson have been filled. Burlington Coat Factory settled into a 65,000-square-foot space once occupied by Dillard’s …
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December 17, 2010: Congress Passes Critical CRE Tax Legislation

BOMA INTERNATIONAL December 17, 2010 Late last night, Congress passed an $859 billion tax bill, which includes provisions that will strengthen commercial real estate and economic recovery. The legislation includes two tax extensions that will greatly affect real estate: the …
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December 2, 2010: Backers want to engineer Tucson-Phoenix high-speed rail

By Alyssa Newcomb TUCSON SENTINEL December 2, 2010 A high-speed rail line between Tucson and Phoenix would create jobs and relieve traffic congestion, an interest group contends. “High-speed rail would have a pretty big and positive impact. It’s done a …
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November 22, 2010: PICOR Charitable Foundation Grants $34,000

By Barbi Reuter, Principal PICOR COMMERCIAL REAL ESTATE SERVICES November 22, 2010 In its 16th year, employees of PICOR, through its Charitable Foundation (PCF), ran a highly successful development effort which is nearing $500,000 in funds raised and donated since …
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November 19, 2010: Job Picture Brightens in Pima County, Statewide

By Howard Fischer ARIZONA DAILY STAR November 19, 2010 PHOENIX – The state’s economy is showing signs of life. New figures Thursday from the Arizona Department of Commerce put the jobless rate for October at 9.5 percent on a seasonally …
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November 5, 2010: Commercial office market shows signs of stabilizing; residential foreclosures fall

By Roger Yohem INSIDE TUCSON BUSINESS November 5, 2010 Although leasing and sales activity in the office sector has been mostly consistent through the first three quarters of 2010, market watchers aren’t ready to declare that a sustainable recovery is …
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November 2, 2010: 5 reasons working from home (or Starbucks) is a bad idea

By James Reinhart VENTURE BEAT November 2, 2010 (Editor’s note: James Reinhart is a serial entrepreneur and co-founder of thredUP. He submitted this column to VentureBeat.) So you’ve got this idea for a product. You pull a few friends in …
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October 18, 2010: Commentary: Lease accounting rule would hit commercial real estate when it’s already down

By Henry H. Chamberlain WASHINGTON POST October 18, 2010 In response to Danielle Douglas’s article on Oct. 4, “Changing the equation: New accounting rules would require companies to show leases as liabilities,” the logic of altering Financial Accounting Standards No. …
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October 13, 2010: Tucson Office Market Sector Remains Consistent

By AZ Business Magazine AZNOW.BIZ October 13, 2010 Uncertain whether the market has bottomed out, buyers and tenants continue to be hesitant whether they should take advantage of attractive sale and lease opportunities. That’s the word on the street as …
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October 11, 2010: When Is Rental Real Estate an Active Business?

By Robert Willens CFO.COM October 11, 2010 With lease accounting due to go through major changes over the next year, it is a good time to review other real estate rental issues, particularly those having to do with tax-free divestitures. …
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October 8, 2010: Solar Industry Jobs: Are we missing our chance?

By Maura O’Connor PRACTICAL COUNSEL/GLOBEST.COM October 8, 2010 China knows that it has an air pollution problem. There’s heavy dependence on coal and fossil fuels, less experience with environmental remediation, and a fast-growing industrial sector. Air quality problems were brought …
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October 8, 2010: Is Commercial Real Estate Recovering?

By Jeff Harding SEEKING ALPHA October 8, 2010 The recovery of the economy depends on several important factors, but the recovery of the real estate market is near the top of the list, especially commercial real estate (CRE) because most …
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September 21, 2010: How Immigration Reform Could Affect Retail Real Estate

By Elaine Misonzhnik RETAIL TRAFFIC September 21, 2010 As Arizona’s Senate Bill 1070 (SB 1070) went into effect on July 29, local media outlets predicted Armageddon for the state’s retail businesses. SB 1070, otherwise known as the Support Our Law …
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September 17, 2010: Diversifying our economic engines: How to get Tucson in gear

By Frances Merryman TUCSON SENTINEL September 17, 2010 The recession of the last few years has wreaked havoc on Arizona’s growth-based economy. The credit and housing crises resulted in a free fall of dramatic proportions, job losses across all sectors …
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September 15, 2010: CMBS Industry Welcomes Landmark Court Decision

By Matt Hudgins NATIONAL REAL ESTATE INVESTOR September 15, 2010 A court decision in Arizona may provide a blueprint for special servicers across the nation as they seek to recover the value of defaulted loans rolled into commercial mortgage-backed securities …
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September 10, 2010: Maquiladoras are making a comeback in Sonora

By Keith Rosenblum INSIDE TUCSON BUSINESS September 10, 2010 NOGALES, Sonora — Never has a Mexican city had two American cheerleaders like Richard Rubin and Robert Klosek. The two, principals at Javid de México, will hold their Nogales up to …
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September 1, 2010: Office Sector Challenges and Opportunities

By Tom Nieman, PICOR TREND REPORT September 1, 2010 When I was asked to prepare a few words regarding the current state of the Tucson office market, I figured that I’d try to report on some topics other than the …
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August 20, 2010: Jim Sellers sells Tucson to life insurance companies

By Roger Yohem INSIDE TUCSON BUSINESS August 20, 2010 Commercial mortgage banker Jim Sellers is a conservative guy who thrives in a conservative business. His clients are looking for low-risk, long-term investments. During his 50-year career, the cornerstone of his …
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August 13, 2010: Convergys and Geico expansions to add 380 jobs

By Joe Pangburn INSIDE TUCSON BUSINESS August 13, 2010 Convergys Corporation had announced it was going to add 300 jobs somewhere in the world and last week, announced that somewhere would be Tucson. Meanwhile, at another call center, Geico said …
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August 12, 2010: The Roadmap To A High-Speed Recovery

By Richard Florida THE NEW REPUBLIC August 12, 2010 Speaking at a health care reform rally in Raleigh, North Carolina, in July 2009, President Obama declared that the worst of the recession was over. “We have stopped the free-fall. The …
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August 6, 2010: Tenants benefit from rent and tenant improvement concessions

By Richard Kleiner, Thomas Knox INSIDE TUCSON BUSINESS August 6, 2010 When considering the current status of Tucson’s commercial office market, the circumstances clearly are full of haze and uncertainty. That’s why we start by posing these questions: Is the …
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August 4, 2010: Lehman Makes Its Next Property Gamble

By Lingling Wei WALL STREET JOURNAL August 4, 2010 Lehman Brothers Holdings Inc., brought down in part by its huge property investments, is doubling down on some of its existing deals in a bet that commercial property markets are near …
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August 4, 2010: Global Property Sales Soar in First Half of 2010 as U.S. Deals Rebound

By Denise Kalette NATIONAL REAL ESTATE INVESTOR August 4, 2010 A new report on global commercial property transactions shows that sales of major properties valued at $10 million or more surged in the first half by 75% compared with the …
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August 1, 2010: A Place for Rent Relief: Looking into retail tenant rent relief programs available in Arizona

By Tom Ellis AZBigMedia July/August 2009 As the recession continues to squeeze the bottom line at retail outlets, rent relief is an option that could keep stores open and space filled. But Arizona retailers must proactively ask for help and …
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July 28, 2010: New Frontiers in Retail

By Barbara E. Champoux, Esq. CREW NETWORK July 28, 2010 Retail defines how we live, what we do for our health, safety and fun, and for many of us, our careers. Because it is such an integral part of our …
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July 12, 2010: Is Commercial Real Estate Bouncing Back?

By Ruchika Tulshyan TIME July 12, 2010 Commercial real estate is showing signs of a market bottom, says Mike Kirby, chairman of Green Street Advisors, a Real Estate Investment Trust (REIT) research firm. Kirby tells TIME which parts of the …
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July 8, 2010: Linking Green Buildings, Productivity and the Bottom Line

By George Boué GREENER BUILDINGS July 8, 2010 Can promoting green initiatives and certifying the workplace as green increase productivity? And if so, what is the impact to the bottom line? A review of scientific literature and studies indicate quite …
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June 7, 2010: Building Arizona’s Future: Jobs, Innovation & Competitiveness

By Barbi Reuter TREND REPORT June 7, 2010 Days after Arizona’s debate-provoking passage of the nation’s toughest immigration law, the 96th Arizona Town Hall convened in Tucson under the banner “Building Arizona’s Future: Jobs, Innovation & Competitiveness.” Against a backdrop …
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May 21, 2010: Follow Friday: The Pros You Should Know

REALTYINFUSION May 21, 2010 Since we’ve started our new Follow Friday series, the response has been incredible. As one reader pointed out, this is more than just some simple Twitter recommendations — it’s an evolving yearbook of the amazing people …
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May 14, 2010: A Borrower’s Guide to the Changing Lender Landscape

REAL CAPITAL ANALYTICS May 14, 2010 Following two years of sharp contraction, multifamily and commercial real estate credit markets have shown fresh signs of life in recent months. Consistent with the first quarter’s year-over-year increase in sales volume, financing for …
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May 11, 2010: Industrial Real Estate in Ambos Nogales

By Denisse Angulo, PICOR TREND REPORT May 11, 2010 Two Countries, Two States, Two Cities, One Community… Despite being separated by the border line, Nogales, Sonora and Nogales, Arizona, commonly known as “Ambos Nogales”, has been a community of industry …
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April 29, 2010: Making Social Media Pay

By Mariwyn Evans REALTOR® MAGAZINE April 29, 2010 For the best ROI, integrate social networking into your broader marketing strategy and use time-saving tactics. You’re all over social media. You have 2,000 followers on Twitter and more than 300 subscribers …
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April 26, 2010: Magazine’s cover story boosts local solar industry

By Dale Quinn ARIZONA DAILY STAR April 26, 2010 Tucson is featured on the cover of a business publication along with an article highlighting the area’s solar industry. Business Facilities: The Location Advisor calls Tucson “The Solar City” on the …
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April 9, 2010: NYC’s Rockefeller Group builds Tucson’s first LEED-certified industrial building

By Roger Yohem INSIDE TUCSON BUSINESS April 9, 2010 A new 113,500 square foot industrial building near Tucson International Airport, created by the developers of Rockefeller Center in New York City, has earned some impressive state and national recognition. Located …
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February 9, 2010: Absent speculators, office market stays stable

By Roger Yohem INSIDE TUCSON BUSINESS February 9, 2010 All categories of commercial real estate saw vacancy rates rise to double-digit levels in 2009. The office market however, was the only sector to achieve a measure of relative stability. It …
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December 12, 2009: UA bio park kicks into gear

By Josh Brodesky ARIZONA DAILY STAR December 12, 2009 The University of Arizona has broken ground on infrastructure for its planned Bioscience Park on the south side, but what development comes next, or when it comes, remains unclear and potentially …
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October 5, 2009: Lower Land Prices, Rents May Lure Big Box Retailers To Reconsider Certain Markets, Locations

By Sasha M Pardy COSTAR October 5, 2009 But Most Remain Cautious, Awaiting Confimation of Shoppers Confidence and Spending Levels At its annual investor and analyst conference last week, Lowe’s announced its growth strategies for the year ahead. During 2009, …
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August 4, 2009: Positive sign: Home sales inventories fall to under 6 months’ supply

By Joe Pangburn INSIDE TUCSON BUSINESS August 4, 2009 In what may be one of the most positive signs yet that the Tucson residential real estate market is poised for recovery, Long Realty Research Center data shows inventories of homes …
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July 14, 2009: Tucson apt. vacancies near 10%

By Dale Quinn ARIZONA DAILY STAR July 14, 2009 The climbing number of apartment vacancies in Tucson outpaced the nation during the second quarter of this year, data from a New York-based real estate research firm shows. Fueled by job …
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July 14, 2009: Struggling Valley retailers pursue rent relief

By Max Jarman THE ARIZONA REPUBLIC July 14, 2009 Struggling Valley retailers pursue rent relief Businesses small to large seek concessions from landlords to deal with recession’s effects – and they’re getting them Restaurants and retail stores, hit hard by …
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June 30, 2009: Tucson Sales & Leases

AZSTARNET.COM June 30, 2009 Leases • Kleinfelder West Inc. has renewed its lease for 4,416 square feet at the Broadbent Interstate Center, 2015 N. Forbes Blvd. Rob Glaser of PICOR Commercial Real Estate Services represented the landlord, Forbes Tucson LLC. …
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May 8, 2009: Tucson sales activity – 2009 to 2008 comparison

By Barbi Reuter, Principal, PICOR Commercial Real Estate, a Cushman & Wakefield Alliance Member May 8, 2009 Investment sales activity fell off the cliff in mid-2008 across the commercial sectors, including undeveloped land. Comparing first quarter 2009 sales activity to …
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November 7, 2008: PICOR to manage some TMC holdings

ARIZONA DAILY STAR November 7, 2008 PICOR Commercial Real Estate Services will manage Tucson Medical Center’s non-hospital properties, which total more than 2 million square feet, PICOR announced Thursday. The group will provide on-site management for the properties as well …
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January 4, 2008: PICOR joins with Cushman & Wakefield

By Joe Pangburn INSIDE TUCSON BUSINESS January 4, 2008 PICOR Commercial Real Estate Services is now the exclusive alliance member for the greater Tucson Area of Cushman & Wakefield. Cushman & Wakefield is a global real estate and project management …
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January 4, 2008: PICOR allies with worldwide firm

By Christie Smythe ARIZONA DAILY STAR January 4, 2008 Tucson, Arizona | Published: 01.04.2008 One of the world’s biggest commercial-real-estate firms has forged an alliance with locally based PICOR Commercial Real Estate Services. Under the agreement, effective next week, PICOR …
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