Champion Partners Commercial Real Estate » News

Lenders love cash flow

Ricky Lyons — Mon, 16 Aug 2010 14:30:10 +0000

In today’s real estate world we are in juxtaposition for loans and equity between cash flow and replacement costs.

Lenders love cash flow and investors love replacement costs.

These two concepts can work well together. When looking for value-added projects, Champion ...(continued)...Related posts:

Massage Envy’s $600 million in annual revenue and 20,000 employees

Adam Lyons — Tue, 20 Jul 2010 17:05:55 +0000

Source: AzCentral

When he sold the clubs and was looking at another business venture, he hit on the idea of offering inexpensive massage services in an upscale setting on a membership basis, similar to a health club.

Leonesio set up his first ...(continued)...Related posts:

Massive regulation overhaul going to President Barack Obama

Adam Lyons — Thu, 15 Jul 2010 22:46:13 +0000

The vote to end debate was 60-38, the minimum needed to overcome a filibuster. But that ensured that the bill has the votes for final passage, which could come later Thursday.

At a thud-inducing 2,300 pages, the legislation is designed to ...(continued)...Related posts:

U.S. Green Building Council issues LEED Gold certification to Mountain Ranch Marketplace

Adam Lyons — Thu, 15 Jul 2010 15:12:00 +0000

The Mayor of Goodyear, Jim Cavanaugh expresses his pride of the accomplishment and combined efforts of Kitchell and Newland Communities as he states, “As the first LEED Gold certified project in Goodyear, Mountain Ranch Marketplace has established a new standard ...(continued)...Related posts:

FDIC given unlimited investigative authority on banks

Adam Lyons — Tue, 13 Jul 2010 17:05:56 +0000

WASHINGTON (AP) — Federal bank regulators have agreed to give the Federal Deposit Insurance Corp. unlimited authority to investigate banks, clarifying the agency’s power that was in question during the financial crisis.

The FDIC’s board on Monday ...(continued)...Related posts:

CiCi’s Pizza looking for Commercial Real Estate for 25 to 30 new restaurants in Arizona

Adam Lyons — Mon, 12 Jul 2010 17:28:03 +0000

PHOENIX-CiCi’s Pizza has launched an aggressive franchise expansion in Arizona and plans to open 25 to 30 new restaurants in metropolitan Phoenix and the Tucson area this year.

The restaurant chain has hired CB Richard Ellis to serve as ...(continued)...Related posts:

Retailers’ Sales Rise Most in 4 Years, Overcoming Job Concerns

Adam Lyons — Wed, 07 Jul 2010 18:26:27 +0000

Retailers may have bucked last month’s drop in consumer confidence that threatens to temper the rebound. The year-to- date growth in sales shows that spending, a key driver of the U.S. economy, is faring better than many investors are betting, ...(continued)...Related posts:

Champion Partners Joins Forces with Commercial Properties, Inc.

Adam Lyons — Wed, 07 Jul 2010 17:04:55 +0000

Champion is pleased to announce we have joined forces with Commercial Properties, Inc. We congratulate them on their unique processes and strong work ethic to get the job done.

Champion and the team at CPI have a mutual goal – to ...(continued)...Related posts:

Acacia Capital Corp. Acquires 699 Units from $61-$67 a foot

Adam Lyons — Fri, 02 Jul 2010 16:20:53 +0000

MESA, AZ-Acacia Capital Corp. has spent $33.4 million on two class B multifamily properties totaling 699 units. The San Mateo, CA-based buyer acquired the 1980s-era communities from an undisclosed seller.

The properties are: Verona Park, a 304-unit community located at 1666 ...(continued)...Related posts:

807 acres of “solar energy zoned” land in Gila Bend likely to be acquired

Adam Lyons — Wed, 30 Jun 2010 19:50:34 +0000

Solar energy zoned land might be a hot commodity in Arizona

Only 5 days ago Pacific Blue Energy announced a strategic partnership with Patriot Solar Inc. in the development of commercial solar farms in the Southwestern United States. Today, the announcement ...(continued)...Related posts:

PASSCO Companies LLC has acquired Desert Parks Vista Apartments for $32.6 million

Adam Lyons — Tue, 29 Jun 2010 16:26:14 +0000

SCOTTSDALE, AZ-After an abbreviated due diligence period and speedy closing, PASSCO Companies LLC has acquired Desert Parks Vista Apartments for $32.6 million, which translates into a sub-6% cap rate.

Goodman says PASSCO has no immediate plans to convert the property. ...(continued)...Related posts:

Arizona home prices increase slightly in June

Adam Lyons — Tue, 29 Jun 2010 16:14:20 +0000

NEW YORK – Home prices in April rose for the first time in seven months as government tax credits bolstered the housing market. But the rebound may be short-lived now that the incentives have expired.

Last week, the government reported that ...(continued)...Related posts:

FOMC Votes to Maintain Low Rates for an ‘Extended Period’

Adam Lyons — Sat, 26 Jun 2010 22:36:24 +0000

The Federal Open Market Committee (FOMC) voted to maintain the target range for the federal funds rate at 0% to 0.25%.

The board’s decision comes on the belief that while there are some signs of economic recovery developing, financial conditions have ...(continued)...Related posts:

Pacific Blue Energy Corp. and Patriot Solar Inc. Team Up to Expand Solar Farm Development Opportunities

Adam Lyons — Sat, 26 Jun 2010 19:29:36 +0000

PHOENIX, June 25 /PRNewswire-FirstCall/ – Pacific Blue Energy Corp. (OTCBB: PBEC), a publicly traded developer of renewable energy projects, has announced that it will be partnering with Patriot Solar Inc. in the development of commercial solar farms in the Southwestern ...(continued)...Related posts:

Microsoft co-founder Paul Allen’s Vulcan Inc. Acquires Tempe Gateway

Adam Lyons — Fri, 18 Jun 2010 13:22:53 +0000

TEMPE, AZ-Vulcan Real Estate has made its first investment outside of the Seattle market, paying $35 million for Tempe Gateway, a class A office building.

The company, which is the real estate investment arm of Microsoft co-founder Paul ...(continued)...Related posts:

Go Daddy acquires Scottsdale Technology Center at $81.45 p/f

Adam Lyons — Thu, 17 Jun 2010 20:34:23 +0000

Scottsdale – GoDaddy.com Inc. in Scottsdale (Bob Parsons, principal) paid $12.5 million ($81.45 per foot) to buy a 153,469-square-foot office project at the northeast corner of Hayden Road and Acoma Drive in Scottsdale. The seller was a ...(continued)...Related posts:

Half of Arizona’s banks are ripe for opportunity

Champion — Mon, 14 Jun 2010 17:12:53 +0000

This is an updated list from Weiss Ratings on failing Arizona banks...(continued)...Related posts:

Phoenix foreclosure filings at lowest levels in almost 2 years

Adam Lyons — Wed, 09 Jun 2010 14:42:25 +0000

The number of new foreclosure filings against Phoenix-area homeowners fell in May to the lowest level since July 2008.

Last month, there were 6,471 pre-foreclosures, or notice of trustee sales, filed in metro Phoenix, according to the Information Market.

Foreclosures also dropped ...(continued)...Related posts:

About the Carried Interest Legislation Proposal – HR 4213

Adam Lyons — Mon, 07 Jun 2010 22:56:37 +0000

On May 20, 2010, the statutory language for the “American Jobs and Closing Tax Loopholes Act of 2010″ [H.R. 4213] was released. H.R. 4213 is 433 pages long. That controversial language includes revisions to current tax laws that ...(continued)...Related posts:

First Solar Acquiring NextLight Renewable Power LLC

Adam Lyons — Sat, 05 Jun 2010 20:42:01 +0000

Tempe-based First Solar Inc. plans to break ground this summer near Yuma on its first big Arizona power plant following California regulators’ approval this week to sell the power to Pacific Gas and Electric Co.

With the NextLight ...(continued)...Related posts:

Arizona Economic Outlook 2nd Quarter

Adam Lyons — Thu, 03 Jun 2010 19:06:14 +0000

The Phoenix economy is into recovery mode,

Jobs (on a seasonally-adjusted basis) bottomed out in November. Consumer spending has rebounded. The housing market is stabilizing.

Retail sales for the state bottomed in June 2009, and are now growing at an 8.8% ...(continued)...Related posts:

30-year Fixed mortgage rate hit a new record low this week of 4.92%

Adam Lyons — Thu, 27 May 2010 14:01:35 +0000

The average conforming 30-year fixed mortgage rate hit a new record low this week, inching to 4.92 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.42 discount and origination ...(continued)...Related posts:

Commercial Retail Real Estate in a Stronger Position in 2010

Adam Lyons — Wed, 26 May 2010 21:00:54 +0000

Colliers’ Spring 2010 Retail Highlights report shows positive occupancy growth in 43 of 47 markets surveyed; decreased construction activity in all but a few markets; and a rising but soon-to-stabilize retail vacancy rate.

“It appears that contraction in ...(continued)...Related posts:

Phoenix led all cities in terms of mortgage dollars saved

Adam Lyons — Wed, 26 May 2010 18:44:08 +0000

Genworth Financial has been having great success with the Obama Administration’s Home Affordable Modification Program (HAMP). Many people have been wondering if and when the HAMP program will take hold as mortgage companies adjust their processes to streamline the ...(continued)...Related posts:

Bright Now Dental is launching the “Brighten Up Phoenix” initiative

Champion — Tue, 25 May 2010 15:22:14 +0000

Local women will receive free dental care, business attire and hair salon make-over to aid in the job search; community malls will get a boost from new artwork in vacant storefronts

PHOENIX, May 25 /PRNewswire/ — It’s time ...(continued)...Related posts:

Foreclosures Plateau in April

Champion — Mon, 24 May 2010 23:53:12 +0000

After foreclosures dropped 2% in the past year, experts are predicting the foreclosed properties market has finally reached its height.

MIAMI, May 24 /PRNewswire/ — Foreclosure Support, an online listings provider of foreclosed homes for sale, reported ...(continued)...Related posts:

Developers Diversified Rooftop Solar Program Named Best-of-the-Best by ICSC

Champion — Mon, 24 May 2010 15:36:34 +0000

LAS VEGAS, Nev., May 24 /PRNewswire-FirstCall/ — Developers Diversified Realty Corporation (NYSE: DDR) today announced that the International Council of Shopping Centers (ICSC) presented the company with the “Best-of-the-Best” award during the industry’s largest annual ...(continued)...Related posts:

Consumer Confidence in Home Prices Exceeds Zillow Property Valuations

Champion — Mon, 24 May 2010 15:22:46 +0000

Consumer confidence toward their home’s worth was mixed across the country in the Zillow Q110 homeowner confidence survey.

But nationally, only 50% of homeowners thought their property value decreased during the past year, when in reality, Zillow said 65% ...(continued)...Related posts:

Home Depot Raises Profit Outlook

Champion — Mon, 24 May 2010 15:11:49 +0000

NEW YORK (MarketWatch) — No. 1 U.S. home-improvement retailer Home Depot Inc. said Tuesday that its first-quarter profit rose a better-than-expected 41% after U.S. comparable sales saw their first increase in more than four years.

The company also ...(continued)...Related posts:

Pottery Barn same-store sales jump 23.3% in 1Q

Champion — Mon, 24 May 2010 14:58:48 +0000

SAN FRANCISCO — Aided by a 23.3% same-store sales gain at its Pottery Barn stores, retailer Williams-Sonoma reported a first-quarter profit of $19.5 million.

The quarterly profit, which equals 18 cents per share, reversed a net loss of ...(continued)...Related posts:

Casual Male XL and Rochester net income shows huge growth

Adam Lyons — Mon, 24 May 2010 14:50:57 +0000

CANTON — Casual Male Retail Group said its first-quarter net income climbed more than tenfold.

The owner of Casual Male XL and Rochester stores had net income of $4.2 million, or 9 cents per share, for the three ...(continued)...Related posts:

Boeing NewGen Tanker Win Would Bring 680 Jobs, $32 Million to Arizona

Champion — Fri, 21 May 2010 21:02:15 +0000

ST. LOUIS, May 21 /PRNewswire-FirstCall/ — The Boeing Company (NYSE: BA) today announced that Arizona will benefit from approximately 680 jobs and an estimated $32 million in annual economic impact if the Boeing NewGen Tanker is ...(continued)...Related posts:

Americold Realty Trust Completes Lease With Target Corporation at Phoenix, Arizona Warehouse

Adam Lyons — Fri, 21 May 2010 20:49:59 +0000

ATLANTA, May 19 /PRNewswire/ — Americold Realty Trust (“Americold”) today announced a new five-year triple net lease with Target Corporation for approximately 100,000 square feet of space at the Company’s Phoenix, Arizona temperature controlled warehouse. The facility, located at 455 ...(continued)...Related posts:

Commercial Risk Scores Up 1.8 Percent Since Beginning of the Year

Adam Lyons — Fri, 21 May 2010 00:00:53 +0000

COSTA MESA, Calif., May 20 /PRNewswire/ — Experian®, the leading global information services company, today announced the results of its monthly Business Benchmark Report. Findings from the April report show that the national average commercial risk ...(continued)...Related posts:

HTA agrees to a $48 million acquisition program for Medical Office properties

Adam Lyons — Thu, 20 May 2010 19:57:58 +0000

SCOTTSDALE, AZ-Healthcare Trust of America Inc. has agreed to purchase $48 million worth of medical office properties in California, Georgia, South Carolina and Texas. The non-traded REIT expects to close on these acquisitions this quarter.

HTA announced the ...(continued)...Related posts:

Sovereign Funds Show Reignited Interest in Shopping for U.S. Property

Adam Lyons — Thu, 20 May 2010 13:53:03 +0000

Sovereign wealth funds (SWFs) have grown at a remarkable pace over the last decade, quadrupling from an estimated $1 trillion in assets under management in 2000 to $4 trillion today, and expected to hit $6 trillion within two years. So it shouldn’t come as a surprise that U.S. property owners are abuzz about the new interest American real estate is generating among foreign investors representing such diverse governments as China, Singapore, Qatar and Norway. ...(continued)...Related posts:

Gilbert Office Building Sells for $1.2M

Adam Lyons — Thu, 20 May 2010 13:47:02 +0000

The office building at 3336 E Chandler Heights Rd. in Gilbert, AZ sold for $1.2 million, or $256 per square foot, in a sale between two private parties.

The 4,683-square foot medical office building was completed in 2005 ...(continued)...Related posts:

Cap Rate Trends in 2010

Adam Lyons — Wed, 05 May 2010 19:05:40 +0000

Average US retail capitalization rates decreased by 24 basis points in the 1st quarter of 2010 to 8.34%. This is the first major decline measured since the sustained declines ended in Q1 2007. The data is based on the CBRE Valuation & Advisory ...(continued)...Related posts:

Ricky Lyons Featured in Arizona Business Magazine

Champion — Thu, 18 Sep 2008 20:30:45 +0000

AZ Business Magazine has interviewed Ricky Lyons for their “First Job” column. Ricky Lyons talks about his first job and what he learned from it, his beginning salaries, who his biggest mentor is and other revealing answers.

Related posts:Ricky Lyons Mescal ...(continued)...Related posts:

55% Pre-Leasing Jumpstarts 70,000-SF Plaza

Champion — Sun, 18 May 2008 20:47:46 +0000

Business Real Estate Weekly & The P&Z Report 8910 E. Raintree Drive, Suite 200 | Scottsdale, AZ 85260 Phone: 480.905.0500 | ...(continued)...Related posts:

Camelback Place @ Dysart Sold

Champion — Fri, 25 May 2007 21:17:59 +0000

May 25, 2007 Volume XIII, Number 20 BREW brewaz.com

Litchfield Park – A company formed by investor Neal Smither of Lafayette, Calif. paid $22 million ($330.33 per foot) to acquire a 66,600-square-foot retail plaza located just north of the ...(continued)...Related posts:

Mescal Joint Venture Acquires 48,000 SQ.FT. Medical office in Scottsdale, Arizona

Champion — Fri, 18 May 2007 20:39:10 +0000

Business Real Estate Weekly & The P&Z Report 8910 E. Raintree Drive, Suite 200 | Scottsdale, AZ 85260 Phone: 480.905.0500 | ...(continued)...Related posts:

Fulton Ranch Marketplace

Champion — Mon, 14 May 2007 21:15:47 +0000

May 14, 2007 Newszap.com The new development Marketplace at Fulton Ranch plans to bring a new type of grocery store stateside.The U.K.-based grocer Tesco, with 2,800 stores in 12 countries, is expanding to the states. Originally planned to be ...(continued)...Related posts:

Promenade Commons at Fulton Ranch

Champion — Fri, 09 Mar 2007 21:14:53 +0000

March 9, 2007 Volume XIII, Number 9 BREW brewaz.comChandler . A company formed by investors Allyn Barnum and Robert Johnston of Chandler and John Coats of Phoenix paid $1.382 million ($257.30 per foot) to buy a 5,370-square-foot shell office ...(continued)...Related posts:

CHAMPION PARTNERS DEVELOPING OFFICE-RETAIL PROJECT AT FULTON RANCH

Champion — Fri, 09 Mar 2007 21:12:44 +0000

March 9, 2007 Volume XIII, Number 9 BREW brewaz.comChandler – A company formed by Champion Partners in Scottsdale (Ricky Lyons, CEO) plans to develop a office-retail project within the Fulton Ranch community in Chandler. The company paid just under ...(continued)...Related posts:

CHAMPION PARTNERS DEVELOPING OFFICE-RETAIL PROJECT AT MARLEY PARK IN SURPRISE

Champion — Fri, 02 Mar 2007 21:12:08 +0000

Surprise – A company formed by Champion Partners in Scottsdale (Ricky Lyons, CEO) plans to develop a office-retail project within the Marley Park community in Surprise. The 32-acre parcel is located at the southwest corner of Litchfield and Waddell ...(continued)...Related posts:

Red Rock Commercial Center

Champion — Mon, 18 Sep 2006 20:44:58 +0000

Red Rock Venture Sells 82,000 Square Foot Shopping Center in North Las Vegas

Las Vegas: Champion Partners, L.L.C., a development manager of by Red Partners, L.L.C. owners and developers of Red Rock Commercial Center, located at the south east corner ...(continued)...Related posts:

Veranda Commons

Champion — Tue, 11 Apr 2006 21:09:59 +0000

August 11, 2006 Volume XII, Number 31 BREW brewaz.com

Litchfield Park . A company formed by Dr. Stephen Gilson and Jennifer Gilson of Sonora Veterinary Specialists in Phoenix paid just under $1.7 million ($165.80 per foot) to acquire a 10,230-square-foot ...(continued)...Related posts:

Shopping Center in Buckeye

Champion — Fri, 02 Dec 2005 21:08:15 +0000

Buckeye – A company formed by the Mann family of Carlsberg, Germany (Johannes Mann, et al., principals) plans to develop a shopping center at the northwest corner of Jackrabbit Trail and McDowell Road in Buckeye. The company paid $8.458 million ...(continued)...Related posts:

Camelback and Dysart roads in Litchfield Park

Champion — Fri, 09 Sep 2005 21:06:39 +0000

CHAMPION PARTNERS DEVELOPING 153,000 SQUARE-FOOT RETAIL PLAZA AND OFFICE CONDOS

A company formed by Champion Partners in Scottsdale (Ricky Lyons, CEO) plans to develop a mixed-use retail-office project just north of the northwest corner of Camelback and Dysart roads in ...(continued)...Related posts: