By Roger Yohem INSIDE TUCSON BUSINESS August 20, 2010 Commercial mortgage banker Jim Sellers is a conservative guy who thrives in a conservative business. His clients are looking for low-risk, long-term investments. During his 50-year career, the cornerstone of his success has been trust. When clients commit to a deal, they have confidence in what […]
By Joe Pangburn INSIDE TUCSON BUSINESS August 13, 2010 Convergys Corporation had announced it was going to add 300 jobs somewhere in the world and last week, announced that somewhere would be Tucson. Meanwhile, at another call center, Geico said it was looking to expand by hiring 80 more people. The convergys expansion, which will […]
By Richard Florida THE NEW REPUBLIC August 12, 2010 Speaking at a health care reform rally in Raleigh, North Carolina, in July 2009, President Obama declared that the worst of the recession was over. “We have stopped the free-fall. The market is up and the financial system is no longer on the verge of collapse,” […]
By Richard Kleiner, Thomas Knox INSIDE TUCSON BUSINESS August 6, 2010 When considering the current status of Tucson’s commercial office market, the circumstances clearly are full of haze and uncertainty. That’s why we start by posing these questions: Is the market static or gradually improving? Tucson’s office market reflects this uncertainty. The lease market is […]
By Lingling Wei WALL STREET JOURNAL August 4, 2010 Lehman Brothers Holdings Inc., brought down in part by its huge property investments, is doubling down on some of its existing deals in a bet that commercial property markets are near bottom. Ross Mantle/The Wall Street Journal Lehman obtained court approval to buy back debt at […]
By Denise Kalette NATIONAL REAL ESTATE INVESTOR August 4, 2010 A new report on global commercial property transactions shows that sales of major properties valued at $10 million or more surged in the first half by 75% compared with the same period in 2009. Through the end of the second quarter, 2010 sales reached $231 […]
By Tom Ellis AZBigMedia July/August 2009 As the recession continues to squeeze the bottom line at retail outlets, rent relief is an option that could keep stores open and space filled. But Arizona retailers must proactively ask for help and prove they truly need it. Rent relief is a topic that many real estate development […]
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