What’s trending? Things to Look Out For in The Commercial Real Estate Industry in 2020

With 2019 behind us, the future looks bright for the commercial real estate industry in this new milestone year. Factors supporting this outlook include strong property fundamentals, resilient economic activity and new digital technologies, but what do these things mean for CRE investors? Here are four trends you can expect to see in the industry this year.  Mixed-Used Developments Will Become More Prevalent  The term “mixed-use” may not sound familiar, but the development itself is anything but new. Defined as a type of development that blends residential, commercial, cultural, institutional, or entertainment uses into one space, mixed-use developments first started

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Juggling Commercial Real Estate and Parenting – Interview with Andrea Davis

by:Jessica Abo I had the pleasure of interviewing Andrea Davis, principal of Andrea Davis CRE has over 20 years of experience in the commercial real estate market. Since then, Andrea has closed over $220M worth of transactions, totaling over 1.5M square feet. She is uniquely diverse in all aspects of commercial real estate working with landlords, tenants, sellers and buyers with office, industrial and/or retail requirements and her business was named one of the best by Ranking Arizona. Davis’s introduction to commercial real estate career began with WAM Development Group and provides her a valuable perspective in site selection, property

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LEASED: NORTH SCOTTSDALE – Flex Office Condo

Walking distance to The Promenade, Scottsdale Quarter and Kierland, this flex office space suggestions a creative work environment for any type of business. Think tech company, architect, printshop, photographer, engineer, startup business, attorney, just to name a few. Or simply use it for high-end car storage in a safe, convenient part of town. Minutes to the Scottsdale Airpark and the freeway Loop 101. Specifications 2,680 SF office Move-in ready or plug and play Tropic landscape Sold brick building with large floor to ceiling windows 100% HVAC 4 dedicated parking spaces Furnishings negotiable Zoning I-1 Property Specifications: Lobby and large office with grand windows

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SOLD: The Venue Scottsdale

Owner/User or Redevelopment Opportunity The Venue Scottsdale – 7117 3rd Ave, Scottsdale, AZ Download the Property Brochure Located in the heart of Old Town Scottsdale, The Venue Scottsdale is a one of a kind event and entertainment venue featuring nine unique and flexible event spaces. With two beautiful rooftop lounges overlooking Scottsdale and the surrounding mountains. It is the only venue in Scottsdale with a retractable roof offering an event setting like no other. Building Overview 38,000 SF free standing building 2 stories with a grand, open venue space 1 large rooftop lounge and bar +/- 3,000 SF 1 smaller rooftop lounge +/- 700 SF 9

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Andrea Davis’ Interview with Eric Dye – Leading Women CRE Executives in Arizona

Andrea Davis the Principal of Andrea Davis CRE that began in 1997 joins Enterprise Radio to talk about her career and aspects of commercial real estate working with landlords, tenants, sellers and buyers with office, industrial and/or retail requirements. This episode of Enterprise Radio is working in association with the Real Estate Channel. Listen to host Eric Dye & guest Andrea Davis discuss the following: Tell us about Andrea Davis CRE and how you first got started in the commercial real estate business. What makes it challenging to purchase commercial real estate if you are not in the field and why should you hire

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Tune in on April 3rd to hear Andrea Davis interviewed on Money Radio 1510AM and 105.3 FM

Today’s market – which is HOT! And how business owners can prepare themselves for this landlord’s market along with the value of tenant representation. Jason started in the auction business when he was fifteen years old. Working as a runner for a national auto auction, Jason was instantly hooked by the many benefit auctions can have for sellers. Jason attended Arizona State University, majoring in Global Business with a particular affinity for “the art of the deal.”  While in college, he began to work in top 40 radio and was able to use his talents to hone and perfect his ability

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SOLD: Office Condo in North Scottsdale

North Scottsdale Best Kept Secret! Office Condo for SALE 2040 Sq. Ft.  / Asking $375,000 Download Property Brochure 8160 East Butherus Dr, Unit #1, Scottsdale, Arizona 85260 A creative, unique split-level office condo with a private patio and beautiful garden courtyard. Abundant natural light streams in through large multi-pane windows on 3 sides of this space. The brightly lit conference area, upstairs, overlooks the open workspace below. Three offices, a wet bar and restroom make up the balance of the upstairs layout. Downstairs has a nice large open area collaborative workspace, 2 offices, a kitchen, IT room, storage and restrooms. This area opens onto a

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The Cost of Tenant Representation – Part 2: My Tenant Rep Costs How Much

Not hiring a Tenant Rep is the biggest mistake a small business owner makes when searching for office space.  The deal negotiated directly with the Landlord will cost the Tenant over the term of the lease, no matter how savvy a business person. The Tenant just doesn’t know what they don’t know. You might have these questions: Isn’t leasing office space a DIY? Why pay for something I can read up on and do myself? If I hire a Tenant Rep, how much do they cost? No Tenant Rep Example iWeb, a web based company, had the perfect office in

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Part III – SimpLEASEity

Why a Tenant Rep? A Tenant Rep is a highly trained specialist who safeguards lease exposure, manages expectations, analyses each property, and assures the negotiated lease terms are what market conditions dictate as fair.  The Tenant Rep keeps you informed of industry changes, trends and will assist with lease renewals. Think about it, a business owner seldom searches for office space.  At most, a company moves two or three, maybe four times during its business life.  The average lease term is three to five years, sometimes ten. If the lease is written well from the get-go, the Tenant Rep will

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