The growth of Arizona's medical marijuana industry is proving to be a boon to commercial real estate. Cannabis growers are buying older industrial properties and giving new life to shuttered warehouses and factories.
John and Jane want to buy piece of property to house their new business, “John and Jane’s Jams and Juices” and they need a commercial loan. Sounds simple, after all, they bought their house and they have been through the residential mortgage process. Isn’t it the same? The simple answer is no.
The Valley’s growth of technology businesses is behind much of what is going up: the number of renters, more apartments, the population and the cost of office space. High tech employment shot up more than 25.4 percent over 2015 and 2016; an impact that has spread across the job market. Last year the demand […]
The Phoenix housing market is what they call a seller’s market. Prices are climbing, demand is spiking and yet the number of closed escrows has declined. Experts lay the blame on low inventory, meaning too few homes exist on the market to meet demand.
Arizona has the perfect climate for cool roofs to work best. And they do lower your utility bills in the short term. But the mass, long-term use of cool roofs may spell a hotter, drier climate in the long run.