by Nick Law GIS (Geographic Information System) technology provides several benefits to the commercial real estate industry. Here are some ways in which GIS technology can be advantageous: 1. Site Selection and Market Analysis: GIS enables commercial real estate professionals to analyze and evaluate potential sites for various purposes, such as retail locations, office
Velocity Retail Group is proud to announce the promotion of Paige Keefer to Senior Associate, Marketing Specialist. She currently works directly with two of Velocity Retail Group’s brokers, Brian Harpel and Eli Castronova. Paige applies her skills to increase efficiency, speed, and professionalism for each transaction. Additionally, she handles critical responsibilities related to both
Velocity Retail Group is pleased to announce that Brad Ranly has been promoted to Vice President in the Brokerage Division. Brad is a seasoned professional with over two decades of experience in commercial real estate. He is proficient in all aspects of leasing and sales of retail properties and commercial land. He has extensive
Velocity Retail Group is proud to announce the promotion of Nicholas Law to Senior Associate, GIS & Research Analyst. With a background in Urban Planning, research design, statistical analysis and graphic design, Nick conducts data visualization and provides visual materials to aid clients in their real estate location decisions. He is passionate about using
Athleta continues to expand its store footprint throughout the Phoenix area with the opening of their 7th store in Arizona. The store is conveniently located in the Shops at Norterra at the northeast corner of Happy Valley Road and I-17 in north Phoenix. Athleta clothing is created by a a team of athletes, designers,
Arizona's culinary landscape reflects its diverse population, and in recent years, there has been a remarkable surge in the demand for ethnic foods, leading to the introduction of a variety ethnic grocery stores across the state. According to a comprehensive study conducted by the Arizona Commerce Authority, the number of ethnic food markets in
Located at the Goodyear Centerpointe mall at 15305 W McDowell Road in Goodyear, Arizona the 17th Hobby Lobby in Arizona opened it's doors this past weekend! Hobby Lobby is one of the top 5 most requested retailers by the residents of Goodyear. The store spans 64,589 square feet and is stocked with thousands of
In the bustling realm of commercial property management, maintenance is often the silent partner that keeps the engine running. It's the unsung hero that determines not just the longevity of the infrastructure, but also its profitability and appeal. Regular, diligent maintenance safeguards the asset, amplifying its value while minimizing costly repairs and potential downtime.
The same question comes up regarding tenant improvements allowance. How does the Landlord calculate the capital / tenant improvement? Improvement allowances are calculated into the lease rate and term. Amortizing capital costs into a lease involves spreading out the cost of an asset over the term of a lease. This is typically done by
Velocity Retail Group is pleased to announce that Old Navy opened a 15,209 square foot location at Mariposa Mall in Nogales, Arizona. The new store opened on February 4th and is stocked with the full line of offerings for ladies, men, and children. Dave Cheatham, Darren Pitts and Bonnie Arlia from Velocity Retail Group
