NAI Horizon Blog http://naihorizonblog.com/?p=1852 http://feedproxy.google.com/~r/NaiHorizonBlog/~3/FB_sY4hDrM4/the-linneman-letter-fall-2017 Market Trends Retail The Linneman Letter – Fall 2017 Dr. Peter Linneman discusses the condition of the brick and mortar retail market in this excerpt of the Fall 2017 issue of the Linneman Letter. Click below to download! “Investors today are panicked that brick and mortar retail is dead. Yet research shows that over 50% of online sales are occurring through brick retailers&#8230;” Mon, 09 Oct 2017 20:58:30 Z http://naihorizonblog.com/the-linneman-letter-fall-2017#respond NAI Horizon <p>Dr. Peter Linneman discusses the condition of the brick and mortar retail market in this excerpt of the Fall 2017 issue of the Linneman Letter. Click below to download!</p> <p><em>“Investors today are panicked that brick and mortar retail is dead. Yet research shows that over 50% of online sales are occurring through brick retailers&#8230;”</em></p> <p><a href="http://www.naihorizonmarketing.com/NAIHorizonMarketing/LinnemanLetter_Fall2017.pdf"><img class="alignleft wp-image-1853 size-large" src="http://naihorizonblog.com/wp-content/uploads/2017/10/LLFall2017_Cover-731x1024.png" alt="" width="625" height="876" srcset="http://naihorizonblog.com/wp-content/uploads/2017/10/LLFall2017_Cover-731x1024.png 731w, http://naihorizonblog.com/wp-content/uploads/2017/10/LLFall2017_Cover-214x300.png 214w, http://naihorizonblog.com/wp-content/uploads/2017/10/LLFall2017_Cover-768x1075.png 768w, http://naihorizonblog.com/wp-content/uploads/2017/10/LLFall2017_Cover-624x874.png 624w, http://naihorizonblog.com/wp-content/uploads/2017/10/LLFall2017_Cover.png 1500w" sizes="(max-width: 625px) 100vw, 625px" /></a></p> <img src="http://feeds.feedburner.com/~r/NaiHorizonBlog/~4/FB_sY4hDrM4" height="1" width="1" alt=""/> http://naihorizonblog.com/the-linneman-letter-fall-2017/feed 0 http://naihorizonblog.com/the-linneman-letter-fall-2017 2017-10-09 20:58 +00:00 2017-10-09 15:58 -05:00 http://naihorizonblog.com/?p=1841 http://feedproxy.google.com/~r/NaiHorizonBlog/~3/J3xyjCHKm28/nai-horizons-laurel-lewis-in-work-and-life-climbing-every-mountain Broker Recognition In the Community Office Laurel Lewis NAI Horizon’s Laurel Lewis: In work and life, climbing every mountain Laurel Lewis, a Senior Vice President in the Officer Properties Group at NAI Horizon, works hard, plays hard, and gives back to the community. She was featured recently in the October issue of So Scottsdale Magazine in its Pulse/BEAT  section. The headline is indicative of the way Laurel approaches work and life: she truly climbs every mountain. Tue, 03 Oct 2017 18:09:02 Z http://naihorizonblog.com/nai-horizons-laurel-lewis-in-work-and-life-climbing-every-mountain#respond NAI Horizon <p>Laurel Lewis, a Senior Vice President in the Officer Properties Group at NAI Horizon, works hard, plays hard, and gives back to the community.</p> <p>She was featured recently in the October issue of So Scottsdale Magazine in its <em>Pulse/BEAT</em>  section.</p> <p>The headline is indicative of the way Laurel approaches work and life: she truly climbs every mountain.</p> <p><img class="aligncenter wp-image-1842 size-full" src="http://naihorizonblog.com/wp-content/uploads/2017/10/Laurel-Lewis.jpg" alt="" width="1257" height="1632" srcset="http://naihorizonblog.com/wp-content/uploads/2017/10/Laurel-Lewis.jpg 1257w, http://naihorizonblog.com/wp-content/uploads/2017/10/Laurel-Lewis-231x300.jpg 231w, http://naihorizonblog.com/wp-content/uploads/2017/10/Laurel-Lewis-768x997.jpg 768w, http://naihorizonblog.com/wp-content/uploads/2017/10/Laurel-Lewis-789x1024.jpg 789w, http://naihorizonblog.com/wp-content/uploads/2017/10/Laurel-Lewis-624x810.jpg 624w" sizes="(max-width: 1257px) 100vw, 1257px" /></p> <img src="http://feeds.feedburner.com/~r/NaiHorizonBlog/~4/J3xyjCHKm28" height="1" width="1" alt=""/> http://naihorizonblog.com/nai-horizons-laurel-lewis-in-work-and-life-climbing-every-mountain/feed 0 http://naihorizonblog.com/nai-horizons-laurel-lewis-in-work-and-life-climbing-every-mountain 2017-10-03 18:09 +00:00 2017-10-03 13:09 -05:00 http://naihorizonblog.com/?p=1807 http://feedproxy.google.com/~r/NaiHorizonBlog/~3/hw8MmG4jp7A/join-a-great-team-at-nai-horizon-receptionistadministrative-assistantdirector-of-first-impressions Job Posting Join Our Growing Team at NAI Horizon: We are Seeking Director of First Impressions/Receptionist/Administrative Assistant Job Description: Director of First Impressions/Receptionist/Administrative Assistant Purpose of Job: The purpose of this job is to project a positive first impression of the organization both visually and verbally in a professional, accurate, and timely manner and provide the highest level of customer service and support possible. This involves directing callers to appropriate personnel, providing [&#8230;] Mon, 02 Oct 2017 23:07:03 Z http://naihorizonblog.com/join-a-great-team-at-nai-horizon-receptionistadministrative-assistantdirector-of-first-impressions#respond NAI Horizon <p style="text-align: left;"><strong>Job Description:<img class="alignright wp-image-1844 size-medium" src="http://naihorizonblog.com/wp-content/uploads/2017/10/NAI_Horizon_large_300dpi_transparent-300x70.png" alt="" width="300" height="70" srcset="http://naihorizonblog.com/wp-content/uploads/2017/10/NAI_Horizon_large_300dpi_transparent-300x70.png 300w, http://naihorizonblog.com/wp-content/uploads/2017/10/NAI_Horizon_large_300dpi_transparent-768x179.png 768w, http://naihorizonblog.com/wp-content/uploads/2017/10/NAI_Horizon_large_300dpi_transparent-1024x239.png 1024w, http://naihorizonblog.com/wp-content/uploads/2017/10/NAI_Horizon_large_300dpi_transparent-624x146.png 624w" sizes="(max-width: 300px) 100vw, 300px" /></strong><br /> <strong>Director of First Impressions/<strong>Receptionist/Administrative Assistant</strong><br /> <em><strong><br /> </strong></em></strong></p> <p style="text-align: left;"><strong>Purpose of Job:</strong><br /> The purpose of this job is to project a positive first impression of the organization both visually and verbally in a professional, accurate, and timely manner and provide the highest level of customer service and support possible. This involves directing callers to appropriate personnel, providing general information about the company and its services. This position serves as a support position for all NAI departments completing administrative support requests as needed.</p> <p style="text-align: left;"><strong>Primary Job Outcomes:</strong><br /> 1. Support agents and other staff members in a constructive manner. Answer incoming telephone calls and forward calls to appropriate person or department.<br /> 2. Complete projects requested in a timely and accurate manner while maintaining the highest possible quality.<br /> 3. Greet clients and guests, determine nature of business and announce visitors to appropriate person<br /> 4. Provide administrative support to brokerage and property management including assisting in the preparation of marketing materials, assembly of packages and other projects as requested by various divisions.<br /> 5. Support agents and other staff members in a constructive manner<br /> 6. Assist with the preparation of marketing materials including flyers, proposals and presentations for listed properties in both hard copy and digital format<br /> 7. Assist with company social media sites<br /> 8. Assist with the development of databases and sales support materials</p> <p style="text-align: left;"><strong>Primary Job Responsibilities:</strong><br /> 1. Professionally and promptly answer calls and transfer calls to appropriate parties.<br /> 2. Diffuse any customer frustration over being able to locate party. Be resourceful in obtaining a response for customer inquiry<br /> 3. Prioritize and complete work requests, monitoring the deadlines and quality of all projects. Positively communicate with requestor if there is a problem meeting their deadline<br /> 4. Pick up, sort and route mail in a timely manner<br /> 5. Meter outgoing mail and deliver to US mail pickup in time for daily collection<br /> 6. Accept and distribute all packages (UPS, Fed-Ex, title companies etc.); arrange<br /> for pick-up as requested<br /> 7. Answer questions on packaging and shipping costs and monitor postage use and<br /> machine balance<br /> 8. Monitor stock, order and replenish kitchen on a regular (weekly) basis<br /> 9. Maintain and assist scheduling of Conference Rooms; check for cleanliness after<br /> each meeting<br /> 10. Maintain cleanliness of reception area and front desk.<br /> 11. Maintain kitchen; keep clean and stocked at all times<br /> 12. Manage inter-company goodwill correspondence, birthdays, new employees and<br /> agents, etc.<br /> 13. Update and distribute current office roster including updating company phone<br /> book in Outlook<br /> 14. Assist other departments with administrative tasks (communications, database<br /> maintenance and other special projects)<br /> 15. Perform other related duties as assigned</p> <p style="text-align: left;"><strong>Expected Job Behaviors:</strong><br /> 1. Be responsive to requests for information from clients and other members of the<br /> organization<br /> 2. Take direction well<br /> 3. Share information with colleagues<br /> 4. Be a team player; collaborate; be responsive to others’ needs for help<br /> 5. Treat company/agent information with confidentiality<br /> 6. Communicate with others in a positive manner; project a professional image. Be<br /> responsive to requests for information from clients and other members of the<br /> organization</p> <p style="text-align: left;"><strong>Required Knowledge, Skills and Abilities:</strong><br /> 1. Ability to manage and complete projects with minimal supervision<br /> 2. Excellent communication and teaming skills<br /> 3. Computer literate with the ability to learn and utilize new programs and systems<br /> quickly and effectively<br /> 4. Excellent attention to detail<br /> 5. Above average aptitude in written communication and experience in document<br /> preparation</p> <p style="text-align: left;"><strong>Minimum Qualifications:</strong><br /> &#8211; Possess highest level of integrity<br /> &#8211; Have strong interpersonal skills and be able to respond pleasantly and accurately<br /> to time-sensitive requests from multiple clients<br /> &#8211; Ability to respond pleasantly and accurately to customer requests and diffuse<br /> customer frustrations when necessary<br /> &#8211; Proficient in Microsoft Outlook, Word, and Excel required. Experience with<br /> Windows based desktop publishing, database, word processing and spreadsheet<br /> software preferred<br /> &#8211; Experience: 1-3 years in office environment, commercial real estate and<br /> customer service experience helpful<br /> &#8211; Education: Bachelor’s degree or equivalent experience preferred</p> <p style="text-align: left;">Please submit resumes to <a href="mailto:Crystal.johnson@naihorizon.com">crystal.johnson@naihorizon.com</a>.</p> <img src="http://feeds.feedburner.com/~r/NaiHorizonBlog/~4/hw8MmG4jp7A" height="1" width="1" alt=""/> http://naihorizonblog.com/join-a-great-team-at-nai-horizon-receptionistadministrative-assistantdirector-of-first-impressions/feed 0 http://naihorizonblog.com/join-a-great-team-at-nai-horizon-receptionistadministrative-assistantdirector-of-first-impressions 2017-10-02 23:07 +00:00 2017-10-02 18:07 -05:00 http://naihorizonblog.com/?p=1797 http://feedproxy.google.com/~r/NaiHorizonBlog/~3/aAwnFjmWCHs/nai-horizon-planet-fitness-put-their-best-foot-forward-for-travis-manion-foundation-at-911-heroes-run-at-tempe-beach-park In the Community NAI Horizon, Planet Fitness put their best foot forward for Travis Manion Foundation at 9/11 Heroes Run at Tempe Beach Park NAI Horizon was proud to be a sponsor for the 9/11 Heroes Run to benefit the Travis Manion Foundation. Planet Fitness hosted the event as more than 850 runners turned out Saturday, Sept. 2, at Tempe Beach Park. In the above photo (left to right) are Heather Kelly, Travis Manion Foundation; Jessica Rice, Planet Fitness; [&#8230;] Mon, 11 Sep 2017 21:41:48 Z http://naihorizonblog.com/nai-horizon-planet-fitness-put-their-best-foot-forward-for-travis-manion-foundation-at-911-heroes-run-at-tempe-beach-park#respond NAI Horizon <p>NAI Horizon was proud to be a sponsor for the 9/11 Heroes Run to benefit the Travis Manion Foundation.</p> <p>Planet Fitness hosted the event as more than 850 runners turned out Saturday, Sept. 2, at Tempe Beach Park.</p> <p>In the above photo (left to right) are Heather Kelly, Travis Manion Foundation; Jessica Rice, Planet Fitness; Lt. Colonel Kevin Kelly, Planet Fitness; and Shelby Tworek and Gabe Ortega, NAI Horizon.</p> <p>Shelby, a Senior Vice President in Retail at NAI Horizon, competed in the 1-mile run with his family. Gabe, also a Senior Vice President in Retail at NAI Horizon, competed in the 5K run.</p> <p>All proceeds raised will go to the foundation, named after Travis Manion, a member of the U.S. Marine Corps who was killed in the line of duty in Iraq.</p> <p>His words before leaving for his final deployment to Iraq: &#8220;If Not Me, Then Who&#8230;&#8221;</p> <p>To learn more about the Travis Manion Foundation visit <a href="http://www.travismanion.org/">www.travismanion.org.</a></p> <p>&nbsp;</p> <p>&nbsp;</p> <img src="http://feeds.feedburner.com/~r/NaiHorizonBlog/~4/aAwnFjmWCHs" height="1" width="1" alt=""/> http://naihorizonblog.com/nai-horizon-planet-fitness-put-their-best-foot-forward-for-travis-manion-foundation-at-911-heroes-run-at-tempe-beach-park/feed 0 http://naihorizonblog.com/nai-horizon-planet-fitness-put-their-best-foot-forward-for-travis-manion-foundation-at-911-heroes-run-at-tempe-beach-park 2017-09-11 21:41 +00:00 2017-09-11 16:41 -05:00 http://naihorizonblog.com/?p=1776 http://feedproxy.google.com/~r/NaiHorizonBlog/~3/8zsCu04JYHs/fannie-mae-to-provide-mobile-home-financing-to-tenants Inside Perspectives Investment Market Trends mobile home industry nai horizon Russ Warner Fannie Mae to provide mobile home financing to tenants In what may soon be considered the most significant development in the manufactured housing industry in several decades, Jeffery R. Hayward, Fannie Mae&#8217;s Executive Vice President and Head of Multifamily, announced at the 2017 Manufactured Housing Communities of Arizona Conference (MHCA) in Chandler, Ariz., that Fannie Mae will soon be initiating a chattel lending program. Fannie Mae has been in [&#8230;] Wed, 05 Jul 2017 21:13:35 Z http://naihorizonblog.com/fannie-mae-to-provide-mobile-home-financing-to-tenants#respond Russ Warner <div id="attachment_1785" style="width: 3274px" class="wp-caption aligncenter"><img class="size-full wp-image-1785" src="http://naihorizonblog.com/wp-content/uploads/2017/07/436.jpg" alt="The aging of the mobile home stock and lack of dependable and economical chattel financing has resulted in the inability of many mobile home owners to replace older, substandard homes in rental parks." width="3264" height="2448" srcset="http://naihorizonblog.com/wp-content/uploads/2017/07/436.jpg 3264w, http://naihorizonblog.com/wp-content/uploads/2017/07/436-300x225.jpg 300w, http://naihorizonblog.com/wp-content/uploads/2017/07/436-768x576.jpg 768w, http://naihorizonblog.com/wp-content/uploads/2017/07/436-1024x768.jpg 1024w, http://naihorizonblog.com/wp-content/uploads/2017/07/436-624x468.jpg 624w" sizes="(max-width: 3264px) 100vw, 3264px" /><p class="wp-caption-text">The aging of the mobile home stock and lack of dependable and economical chattel financing has resulted in the inability of many mobile home owners to replace older, substandard homes in rental parks.</p></div> <div id="attachment_1788" style="width: 160px" class="wp-caption alignleft"><img class="wp-image-1788 size-thumbnail" src="http://naihorizonblog.com/wp-content/uploads/2017/07/WarnerCropColor-1-150x150.png" alt="" width="150" height="150" srcset="http://naihorizonblog.com/wp-content/uploads/2017/07/WarnerCropColor-1-150x150.png 150w, http://naihorizonblog.com/wp-content/uploads/2017/07/WarnerCropColor-1-300x300.png 300w, http://naihorizonblog.com/wp-content/uploads/2017/07/WarnerCropColor-1-768x768.png 768w, http://naihorizonblog.com/wp-content/uploads/2017/07/WarnerCropColor-1-1024x1024.png 1024w, http://naihorizonblog.com/wp-content/uploads/2017/07/WarnerCropColor-1-624x624.png 624w, http://naihorizonblog.com/wp-content/uploads/2017/07/WarnerCropColor-1.png 1568w" sizes="(max-width: 150px) 100vw, 150px" /><p class="wp-caption-text">Russ Warner | NAI Horizon</p></div> <p>In what may soon be considered the most significant development in the manufactured housing industry in several decades, Jeffery R. Hayward, Fannie Mae&#8217;s Executive Vice President and Head of Multifamily, announced at the 2017 Manufactured Housing Communities of Arizona Conference (MHCA) in Chandler, Ariz., that Fannie Mae will soon be initiating a chattel lending program.</p> <p>Fannie Mae has been in discussion for several months with manufactured housing industry professionals to develop a plan whereby it would provide a lending platform for federally insured chattel loans to mobile home buyers in land-rent mobile home parks.</p> <p>A pilot program is under development and is expected to be implemented in 2018. Paul Barretto of Fannie Mae Product Innovation and Affordable Lending reminded participants that <strong><u>public comments are due July 10, 2017</u></strong>.</p> <p>The decision to provide chattel financing for manufactured housing owners in land-rent parks was a result of the “Duty to Serve” provisions of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 as amended by the Housing and Economic Recovery Act of 2008.  This statute requires Fannie Mae and Freddie Mac to serve three specified underserved markets:  manufactured housing, affordable-housing preservation, and rural-housing markets.</p> <p>The aging of the mobile home stock and lack of dependable and economical chattel financing since Green Tree Financial faltered in the late 1990s has resulted in the inability of many mobile home owners to replace older, substandard homes in rental parks. Park owners typically lack the capital to acquire and finance the acquisition of new homes; tenants typically lack the financial ability to buy new homes for cash.</p> <p>Over the past several decades, homes built in the 1960s, 1970s and 1980s — when affordable chattel financing was available to mobile home owners — have deteriorated and/or have become obsolete.</p> <p>New mobile homes sales have been relatively tepid the past few years not because of the lack of demand, but because financing options have not been affordable to most end users. Often, chattel lenders require FICO scores above 650 or 700 for borrowers to qualify. The result has been that vacancies in many mobile home parks have not been filled and lower income citizens have not been served.</p> <p>The housing market recovery has pushed housing prices and apartment rents to new highs. And as the affordability of single-family homes and apartments has fallen, the pent-up demand for manufactured housing has risen.</p> <p>The development of an efficient financing vehicle will help improve the affordability and availability of manufactured housing, expand the supply of safe low-cost housing, and increase the need for skilled workers in the manufactured housing industry and the industry’s suppliers.</p> <p>A successful rollout of Fannie Mae&#8217;s chattel lending program will be a blessing to the industry and to those seeking more affordable and safe housing alternatives.</p> <p>Additional information is available from Susan Brenton, Executive Director of Manufactured Home Communities of Arizona. Susan has been directly involved, along with the MHCA board of directors in helping to provide public input for the Fannie May &#8220;Duty to Serve&#8221; Program.</p> <p>Susan can be reached at:       Susan Brenton<br /> Executive Director<br /> Manufactured Housing Communities Arizona<br /> Phone: 480.345.4202<br /> Email: <a href="mailto:susan@azmhca.com">susan@azmhca.com</a></p> <p>Link to &#8220;Duty to Serve&#8221; Program Website: <a href="http://www.fanniemae.com/portal/about-fm/duty-to-serve.html">http://www.fanniemae.com/portal/about-fm/duty-to-serve.html</a></p> <p><em>Russ Warner is a Senior Vice President in the Manufactured Housing Group at NAI Horizon. He has brokered MH communities and RV resorts for almost 20 years. He has been involved in the sale of more than $250 million in RV and mobile home parks.</em></p> <h5></h5> <h4 dir="LTR" align="JUSTIFY"></h4> <img src="http://feeds.feedburner.com/~r/NaiHorizonBlog/~4/8zsCu04JYHs" height="1" width="1" alt=""/> http://naihorizonblog.com/fannie-mae-to-provide-mobile-home-financing-to-tenants/feed 0 http://naihorizonblog.com/fannie-mae-to-provide-mobile-home-financing-to-tenants 2017-07-05 21:13 +00:00 2017-07-05 16:13 -05:00 http://naihorizonblog.com/?p=1769 http://feedproxy.google.com/~r/NaiHorizonBlog/~3/f1qFHVqVsvw/the-linneman-letter-summer-2017 Market Trends The Linneman Letter – Summer 2017 Dr. Peter Linneman discusses the economy&#8217;s current recovery runway in this excerpt of the Summer 2017 issue of the Linneman Letter. Click below to download! &#8220;&#8230;we believe that there is still considerable room for continued growth, and that the current recovery will stretch into 2019.&#8221; Wed, 05 Jul 2017 19:07:10 Z http://naihorizonblog.com/the-linneman-letter-summer-2017#respond NAI Horizon <p style="text-align: center;">Dr. Peter Linneman discusses the economy&#8217;s current recovery runway in this excerpt of the Summer 2017 issue of the Linneman Letter. Click below to download!</p> <p style="text-align: center;"><em>&#8220;&#8230;we believe that there is still considerable room for continued growth, and that the current recovery will stretch into 2019.&#8221;</em></p> <p style="text-align: center;"><a href="http://www.naihorizonmarketing.com/NAIHorizonMarketing/LinnemanLetter_Summer2017.pdf"><img class="aligncenter wp-image-1773 size-full" src="http://naihorizonblog.com/wp-content/uploads/2017/07/LLSummer2017_Cover-2.png" alt="" width="2450" height="3154" srcset="http://naihorizonblog.com/wp-content/uploads/2017/07/LLSummer2017_Cover-2.png 2450w, http://naihorizonblog.com/wp-content/uploads/2017/07/LLSummer2017_Cover-2-233x300.png 233w, http://naihorizonblog.com/wp-content/uploads/2017/07/LLSummer2017_Cover-2-768x989.png 768w, http://naihorizonblog.com/wp-content/uploads/2017/07/LLSummer2017_Cover-2-795x1024.png 795w, http://naihorizonblog.com/wp-content/uploads/2017/07/LLSummer2017_Cover-2-624x803.png 624w" sizes="(max-width: 2450px) 100vw, 2450px" /></a></p> <img src="http://feeds.feedburner.com/~r/NaiHorizonBlog/~4/f1qFHVqVsvw" height="1" width="1" alt=""/> http://naihorizonblog.com/the-linneman-letter-summer-2017/feed 0 http://naihorizonblog.com/the-linneman-letter-summer-2017 2017-07-05 19:07 +00:00 2017-07-05 14:07 -05:00 http://naihorizonblog.com/?p=1753 http://feedproxy.google.com/~r/NaiHorizonBlog/~3/aJ6ClbV1nI4/vibrant-uptown-phoenix-office-submarket-hitting-its-peak Office Barbara Lloyd Downtown Phoenix nai horizon Pointe Business Plaza Regus The Peak Vibrant Uptown Phoenix office submarket hitting its ‘Peak’ Spurred by expanding businesses and new startups, Metro Phoenix is seeing office vacancy rates tumble and rental rates steadily increase. Case in point is the Piestewa Peak Corridor, which is experiencing a 5 percent rent growth the past year and overall vacancy down to 15 percent compared to more than 20 percent during the downturn.  This submarket offers professional [&#8230;] Tue, 13 Jun 2017 17:59:06 Z http://naihorizonblog.com/vibrant-uptown-phoenix-office-submarket-hitting-its-peak#respond Barbara Lloyd <div id="attachment_1762" style="width: 160px" class="wp-caption alignleft"><img class="wp-image-1762 size-thumbnail" src="http://naihorizonblog.com/wp-content/uploads/2017/06/Barbara-Lloyd-NAI-Horizon-150x150.png" alt="" width="150" height="150" srcset="http://naihorizonblog.com/wp-content/uploads/2017/06/Barbara-Lloyd-NAI-Horizon-150x150.png 150w, http://naihorizonblog.com/wp-content/uploads/2017/06/Barbara-Lloyd-NAI-Horizon-300x300.png 300w, http://naihorizonblog.com/wp-content/uploads/2017/06/Barbara-Lloyd-NAI-Horizon-768x768.png 768w, http://naihorizonblog.com/wp-content/uploads/2017/06/Barbara-Lloyd-NAI-Horizon-1024x1024.png 1024w, http://naihorizonblog.com/wp-content/uploads/2017/06/Barbara-Lloyd-NAI-Horizon-624x624.png 624w, http://naihorizonblog.com/wp-content/uploads/2017/06/Barbara-Lloyd-NAI-Horizon.png 1410w" sizes="(max-width: 150px) 100vw, 150px" /><p class="wp-caption-text">By Barbara Lloyd</p></div> <p><span style="font-family: 'Arial',sans-serif;"><span style="color: #000000; font-size: medium;">Spurred by expanding businesses and new startups, Metro Phoenix is seeing office vacancy rates tumble and rental rates steadily increase.</span></span></p> <p><span style="font-family: 'Arial',sans-serif;"><span style="color: #000000; font-size: medium;">Case in point is the Piestewa Peak Corridor, which is experiencing a 5 percent rent growth the past year and overall vacancy down to 15 percent compared to more than 20 percent during the downturn. </span></span></p> <p><span style="font-family: 'Arial',sans-serif;"><span style="color: #000000; font-size: medium;">This submarket offers professional businesses a more affordable and quality office product that is easily accessible to Downtown and Midtown Phoenix, Sky Harbor International Airport, and the Camelback Corridor. Rents in the Piestewa Peak submarket are generally 30 to 40 percent lower than those in the Camelback/Esplanade area.  </span></span></p> <p><span style="font-family: 'Arial',sans-serif;"><span style="color: #000000; font-size: medium;">Regus has recently joined the Piestewa Peak submarket, occupying more than 15,000 SF @ The Peak, located at 7301 N. 16th St. The property features new building finishes and upgraded lobby and restrooms. There are only two spaces remaining for lease in the building, both of which are coming available for the first time in more than 20 years. </span></span></p> <p><span style="font-family: 'Arial',sans-serif;"><span style="color: #000000; font-size: medium;">The suites are 2,304 SF and a 6,257 SF space with first floor lobby exposure.</span></span></p> <div id="attachment_1761" style="width: 235px" class="wp-caption alignleft"><img class="wp-image-1761 size-medium" src="http://naihorizonblog.com/wp-content/uploads/2017/06/3pic-e1497456715910-225x300.jpg" alt="" width="225" height="300" srcset="http://naihorizonblog.com/wp-content/uploads/2017/06/3pic-e1497456715910-225x300.jpg 225w, http://naihorizonblog.com/wp-content/uploads/2017/06/3pic-e1497456715910-768x1024.jpg 768w, http://naihorizonblog.com/wp-content/uploads/2017/06/3pic-e1497456715910-624x832.jpg 624w" sizes="(max-width: 225px) 100vw, 225px" /><p class="wp-caption-text">Amenities at The Peak include upgraded conference rooms.</p></div> <p><span style="font-family: 'Arial',sans-serif;"><span style="color: #000000; font-size: medium;">The property has easy access to SR 51 and is minutes from Downtown Phoenix, the Biltmore Corridor, and numerous retail and restaurant amenities. It also features a covered parking garage with an expanded parking ratio due to the property owner’s recent acquisition of the Pointe Business Plaza.</span></span></p> <p><span style="font-family: 'Arial',sans-serif;"><span style="color: #000000;"><span style="font-size: medium;">The Pointe Business Plaza, right up 16</span><sup><span style="font-size: small;">th</span></sup><span style="font-size: medium;"> Street from The Peak, is also undergoing renovations to offer existing and new tenants a fresh look and updated property amenities. Available space at the Pointe ranges from 1,391-2,606 SF and suites are ready for move-in.</span></span></span></p> <p><span style="font-family: 'Arial',sans-serif;"><span style="color: #000000; font-size: medium;">For more information you can contact the NAI Horizon team of myself (</span></span><a href="mailto:Barbara.lloyd@naihorizon.com"><span style="color: windowtext; font-family: 'Arial',sans-serif;">Barbara.lloyd@naihorizon.com</span></a><span style="font-family: 'Arial',sans-serif;"><span style="color: #000000; font-size: medium;">), Lane Neville (</span></span><a href="mailto:lane.neville@naihorizon.com"><span style="color: windowtext; font-family: 'Arial',sans-serif;">lane.neville@naihorizon.com</span></a><span style="font-family: 'Arial',sans-serif;"><span style="color: #000000; font-size: medium;">) or Nathan Pancrazi (</span></span><a href="mailto:Nathan.pancrazi@naihorizon.com"><span style="color: windowtext; font-family: 'Arial',sans-serif;">Nathan.pancrazi@naihorizon.com</span></a><span style="font-family: 'Arial',sans-serif;"><span style="color: #000000; font-size: medium;">).</span></span></p> <p><span style="font-family: 'Arial',sans-serif; font-size: 10pt;"><span style="color: #5e6369;"><em>Barbara Lloyd is Senior Vice President of the Investment Services Group at NAI Horizon. She is an investment sales broker with a focus on asset disposition and acquisition. As a sales and leasing agent, she has closed more than $200 million in commercial real estate transactions and has sold and leased more than 1.5 MSF of properties.</em> </span></span></p> <p><span style="font-family: 'Arial',sans-serif; font-size: 12pt;"><span style="color: #000000;"> </span></span></p> <p><span style="font-family: Calibri; font-size: medium;"> </span></p> <p>&nbsp;</p> <p>&nbsp;</p> <img src="http://feeds.feedburner.com/~r/NaiHorizonBlog/~4/aJ6ClbV1nI4" height="1" width="1" alt=""/> http://naihorizonblog.com/vibrant-uptown-phoenix-office-submarket-hitting-its-peak/feed 0 http://naihorizonblog.com/vibrant-uptown-phoenix-office-submarket-hitting-its-peak 2017-06-13 17:59 +00:00 2017-06-13 12:59 -05:00 http://naihorizonblog.com/?p=1735 http://feedproxy.google.com/~r/NaiHorizonBlog/~3/KSdB5tAQUWo/icsc-recon-recap-retail-evolving-enjoying-a-revolution NAI Global Retail ICSC Metro Phoenix nai horizon RECon ICSC RECon recap: Retail evolving, enjoying a revolution Since the recession, those who attend ICSC’s annual RECon Global Retail Real Estate Convention in Las Vegas have given a tepid thumbs up when the May event is over. This year, the overall mood was very positive at ICSC. Attendance was up with more than 37,000 attendees. It is always a good sign to see [&#8230;] Thu, 01 Jun 2017 18:38:57 Z http://naihorizonblog.com/icsc-recon-recap-retail-evolving-enjoying-a-revolution#respond Patrick Anthon <div id="attachment_1746" style="width: 160px" class="wp-caption alignleft"><img class="wp-image-1746 size-thumbnail" src="http://naihorizonblog.com/wp-content/uploads/2017/06/Patrick-Anthon-NAI-Horizon-150x150.jpg" alt="" width="150" height="150" srcset="http://naihorizonblog.com/wp-content/uploads/2017/06/Patrick-Anthon-NAI-Horizon-150x150.jpg 150w, http://naihorizonblog.com/wp-content/uploads/2017/06/Patrick-Anthon-NAI-Horizon-300x300.jpg 300w, http://naihorizonblog.com/wp-content/uploads/2017/06/Patrick-Anthon-NAI-Horizon-768x768.jpg 768w, http://naihorizonblog.com/wp-content/uploads/2017/06/Patrick-Anthon-NAI-Horizon-1024x1024.jpg 1024w, http://naihorizonblog.com/wp-content/uploads/2017/06/Patrick-Anthon-NAI-Horizon-624x624.jpg 624w" sizes="(max-width: 150px) 100vw, 150px" /><p class="wp-caption-text">By Patrick Anthon</p></div> <p>Since the recession, those who attend ICSC’s annual RECon Global Retail Real Estate Convention in Las Vegas have given a tepid thumbs up when the May event is over.</p> <p>This year, the overall mood was very positive at ICSC. Attendance was up with more than 37,000 attendees. It is always a good sign to see people walking around with a smile on their face from one conference hall to the next.</p> <p>The booths are also a good indication of how the market is doing. Many retailers and developers tend to have much larger elaborate booths when the market is doing well.</p> <p>NAI Global is doing a great job bringing offices together to be more collaborative, and that was very evident at ICSC. That is especially important and helpful when referring business to another office. The strong platform allows them to can better serve a client in their local market. The NAI booth was alive with client meetings and NAI agents from across the globe.</p> <p>The buzz over the Metro Phoenix market seemed vibrant. That was the sentiment shared by owners, retailers, developers, and brokers. Everybody seemed to be feeling very positive about upcoming projects and/or expansion plans and optimistic about the foreseeable future.</p> <p>Landlords/developers and tenants seem to be more willing to work together in order to make each other successful instead of slowing down deals over small points. Key factors are consumer spending patterns and how we continue to see these increase over time.</p> <p>Trends we’ve seen are the shifts in big box and mini major tenants. Grocery and fitness are the two strong categories that seem to be sturdy anchors in new retail developments. They drive heavy traffic for the rest of the center. With rates continuing to go up it’s tough for historical anchor tenants to consume so much square footage.</p> <p>We are seeing tenants such as Target start to roll out their smaller, urban prototypes. Restaurants continue to be able to pay some of the highest rates, along with financial/banking tenants. These higher rates are more likely in the new construction projects with labor costs continuing to rise.</p> <p>Overall, owners and developers are afraid of retail and shouldn’t be. There seems to be a common misconception that retail is struggling. Reports have surfaced about some of the larger department stores and sporting goods stores closing. The reality is that retail, like any other market, is evolving.</p> <p>Consumers are now smarter shoppers. Millennials and Gen-X consumers factor in convenience more than ever. Shoppers want to get in, find what they need, and get out. Retailers are working to find how they can evolve, much like their customers, in order to keep up with the way people perceive shopping and shopping habits.</p> <p>Restaurants continue to do great volume and lead the way in rent they can pay per square foot. A large factor to that is, once again, the Millennial and Gen-X consumers. The younger generations eat out more than ever, but they prefer a lower price-point, and quicker service.</p> <p>We believe that we are not yet at the peak and that retail will continue to grow. Retail is not struggling. Instead, it is being revolutionized in order to better serve consumers’ shopping habits.</p> <p><em>Patrick Anthon has been with NAI Horizon since 2014 and is an Associate with the Retail Properties Group. He specializes in landlord/tenant representation; retail/restaurant leasing and sales; and locating local and national retailers. Patrick provides clients with detailed property information that fit their needs.</em></p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <img src="http://feeds.feedburner.com/~r/NaiHorizonBlog/~4/KSdB5tAQUWo" height="1" width="1" alt=""/> http://naihorizonblog.com/icsc-recon-recap-retail-evolving-enjoying-a-revolution/feed 0 http://naihorizonblog.com/icsc-recon-recap-retail-evolving-enjoying-a-revolution 2017-06-01 18:38 +00:00 2017-06-01 13:38 -05:00 http://naihorizonblog.com/?p=1725 http://feedproxy.google.com/~r/NaiHorizonBlog/~3/ErYVI-7_Fpk/q1-2017-industrial-market-report Industrial Market Trends Uncategorized Q1 2017 Industrial Market Report Click the image below for a quick overview of the Metro Phoenix Industrial Market. Tue, 09 May 2017 22:08:06 Z http://naihorizonblog.com/q1-2017-industrial-market-report#respond NAI Horizon <p style="text-align: center;">Click the image below for a quick overview of the Metro Phoenix Industrial Market.<a href="http://www.naihorizonmarketing.com/Research/Quarterly%20Phoenix%20Market%20Reports/2017/Q1/1Q_2017_IndustrialSnapshot.pdf"><img class="aligncenter wp-image-1728 size-medium" src="http://naihorizonblog.com/wp-content/uploads/2017/05/1Q_2017_IndustrialSnapshot_image-232x300.png" alt="" width="232" height="300" srcset="http://naihorizonblog.com/wp-content/uploads/2017/05/1Q_2017_IndustrialSnapshot_image-232x300.png 232w, http://naihorizonblog.com/wp-content/uploads/2017/05/1Q_2017_IndustrialSnapshot_image-768x994.png 768w, http://naihorizonblog.com/wp-content/uploads/2017/05/1Q_2017_IndustrialSnapshot_image-791x1024.png 791w, http://naihorizonblog.com/wp-content/uploads/2017/05/1Q_2017_IndustrialSnapshot_image-624x808.png 624w" sizes="(max-width: 232px) 100vw, 232px" /></a></p> <img src="http://feeds.feedburner.com/~r/NaiHorizonBlog/~4/ErYVI-7_Fpk" height="1" width="1" alt=""/> http://naihorizonblog.com/q1-2017-industrial-market-report/feed 0 http://naihorizonblog.com/q1-2017-industrial-market-report 2017-05-09 22:08 +00:00 2017-05-09 17:08 -05:00 http://naihorizonblog.com/?p=1718 http://feedproxy.google.com/~r/NaiHorizonBlog/~3/czLpnszhTY0/q1-2017-retail-market-report Market Trends Retail Uncategorized Q1 2017 Retail Market Report Click the image below for a quick overview of the Metro Phoenix Retail Market. &#160; Fri, 05 May 2017 17:25:18 Z http://naihorizonblog.com/q1-2017-retail-market-report#respond NAI Horizon <p style="text-align: center;">Click the image below for a quick overview of the Metro Phoenix Retail Market.<a href="http://www.naihorizonmarketing.com/Research/Quarterly%20Phoenix%20Market%20Reports/2017/Q1/1Q_2017_RetailSnapshot.pdf"><img class="aligncenter wp-image-1716 size-medium" src="http://naihorizonblog.com/wp-content/uploads/2017/05/1Q_2017_RetailSnapshot_image-232x300.png" alt="" width="232" height="300" srcset="http://naihorizonblog.com/wp-content/uploads/2017/05/1Q_2017_RetailSnapshot_image-232x300.png 232w, http://naihorizonblog.com/wp-content/uploads/2017/05/1Q_2017_RetailSnapshot_image-768x994.png 768w, http://naihorizonblog.com/wp-content/uploads/2017/05/1Q_2017_RetailSnapshot_image-791x1024.png 791w, http://naihorizonblog.com/wp-content/uploads/2017/05/1Q_2017_RetailSnapshot_image-624x808.png 624w" sizes="(max-width: 232px) 100vw, 232px" /></a></p> <p>&nbsp;</p> <img src="http://feeds.feedburner.com/~r/NaiHorizonBlog/~4/czLpnszhTY0" height="1" width="1" alt=""/> http://naihorizonblog.com/q1-2017-retail-market-report/feed 0 http://naihorizonblog.com/q1-2017-retail-market-report 2017-05-05 17:25 +00:00 2017-05-05 12:25 -05:00