Victor Allison's (dootenay) Blog

Have your tenants done a midnight move or told you “Lower our rents or we’re outta here!” Is your income now less than your loan payment? Is the loan on your commercial real estate coming due and your lender has said “No Way!” to a renewal or a line of credit that could get y...

October 10, 2008 CHANCES ARE YOU ARE PAYING TOO MUCH IN TAXES … AND YOU ARE NOT ALONE! Thousands of commercial property owners overpay their federal income taxes every year. But, don’t blame your CPA! In order to realize the maximum benefits available under current law, the I...

October 1, 2008 Back in July’s issue of Phoenix Commercial Real Estate Deals & More I posited on why light rail was having a positive effect on commercial development in metro Phoenix. That blog referenced three examples—two in Tempe and one in Phoenix. This current issue of ...

September 10, 2008 While the US economy falters a new research report by Yili Dolan of Torto Wheaton Research contends that medical office buildings are a silver lining amidst generally weakening traditional office property investments. Using US demographics as a backdrop, ma...

September 1, 2008 Inserted into September’s PCREN&M and beginning on page 4 is Arizona’s Economic Forecast by Arizona State Treasurer Dean Martin. Several pages of this report were exhibits in Salt River Project’s Economic Forecast 2009 summit I attended today. I call your at...

August 10, 2008 Ask most Phoenicians where Harquahala Valley is and you’ll probably get a shrug. Head west from The Stack on I-10 and go past Tolleson, past Avondale, past Buckeye, past Tonopah and in about an hour, after driving by miles and miles of undeveloped desert you’l...

August 1, 2008 The last thing a bank wants to see is a bunch of FDIC regulators with sharpened pencils come charging through their doors. But, with small and midsize banks losing more than $354 million in Q2 08 (see page 36), you can bet this is happening more and more. Accor...

July 10, 2008 One of the articles in this month’s PCRED&M is about Glenwood Intermountain Properties’ acquisition of a small site near ASU. Priced at $63 psf it does not fit the mold of where one expects metro Phoenix land prices to be in July 2008. But Glenwood is not alone ...

July 1, 2008 You need look no further than the pages of this month’s (or any of the recent) issues of PCREN&M to know that homebuilders in Phoenix are under duress. The supply of single family lots—some held by the homebuilders themselves, some held by land bankers, and some ...

Looking back at the number of sales reported in PCRED&M for the year to date shows there was a 48% drop off in commercial sales between a high of 27 in March and a low of 14 in April. Even with the understanding that PCRED&M is not inclusive of all sales that are reported in ...