Tuesday, June 12, 2018

What's coming to Chandler? 650K SF Lotus Project coming to Chandler!


650K SF Lotus Project coming to Chandler

Conor Commercial Real Estate, together with partner, WHI Real Estate Partners L.P., announced the Lotus Project as its newest development. The highly visible development is located directly off the Loop 202 freeway and Kyrene Road in Chandler, Arizona. 
The mixed-use employment park will consist of over 650,000 SF of Class A industrial and office space built in two phases. 

“We look forward to seeing this site develop into one of the premier employment bases in Chandler,” Mayor Jay Tibshraeny said. “It’s a fantastic location that will attract a lot of positive interest from businesses looking for freeway access and a top-tier workforce.”
The firm will develop Phase I on a speculative basis, which includes four industrial buildings totaling 470,000 SF. Phase II will consist of either two office buildings totaling 200,000 SF or three industrial buildings totaling 216,000 SF. Phase I of construction will begin in September 2018 with completion slated for September 2019.
“The highly-desirable infill location within the Southeast Valley submarket, coupled with the low vacancy and influx of businesses expanding or relocating to the Chandler area makes this an exciting development,” remarked Sven Tustin, Senior Vice President of Conor Commercial Real Estate. “We are thrilled to work with WHI Real Estate Partners on another project undertaking and are confident that the Lotus Project will be well received.”
The site is situated in the desirable City of Chandler in the Southeast Valley region of Metropolitan Phoenix, only 15 minutes from Sky Harbor International Airport and 20 minutes from Downtown Phoenix. 
“We’re excited to secure a sizable land position in the City of Chandler,” said Derek Buescher, Development Manager of Conor Commercial Real Estate. “Chandler has been great to work with and offers the lifestyle amenities and educated workforce today’s users require.” 
McShane Construction Company is serving as the general contractor.
Original article courtesy of azbigmedia.com
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Coming Soon to Chandler! New Banner Health Hospital

Banner Health to build new hospital in Chandler

Banner Health will soon begin construction on a new, comprehensive medical center in the Southeast Valley. While Banner Health is a leading health care provider in the broader Southeast Valley, this will be the first Chandler hospital for the non-profit health care system.
The four-story, 240,000-square-foot hospital will be located on the southeast corner of Alma School Road and Loop 202 Santan Freeway. It will be adjacent to the existing Banner Health Center in Chandler, and will help fulfill the health care needs of area residents, including those who reside in Ahwatukee, Chandler and Gilbert.
The Southeast Valley is one of the fastest growing segments in Maricopa County, with Chandler and Gilbert representing a significant portion of the growth. The growth rate in these communities is out-pacing that of the rest of the Phoenix metropolitan area and will require additional health care services. In addition to the rapid growth of the overall population, Banner also has more than 80,000 members in its Banner Health Network insurance organization that reside in the Southeast Valley. They participate in value-based health plans that require convenient and affordable care.
“We want to provide convenient care that is close to home for our patients and their families,” said Becky Kuhn, Banner’s chief operating officer. “Chandler and the surrounding Southeast Valley is growing fast and we want to make sure our patients and health plan members have care when and where they need it.” 
The hospital, which has not yet been named, is expected to open in the fall of 2020 and represents an investment of more than $150 million. It will open with approximately 120 beds, and offer imaging, surgery, labor and delivery, intensive care and an emergency room. The hospital will have room for expansion as the community needs require more services.
Article courtesy of azbigmedia.com
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Sunday, June 10, 2018

Downtown Chandler Update! Developer Unveils Plan for New Square

We love all of the development going on in Downtown Chandler!  We're so excited to be getting new restaurants and new places to hang out.  If you've visited the ever popular Chop Shop or Peixoto Coffee, you've probably wondered if anything was ever going in where the dirt parking lot is behind them.  Well, it's finally been released!  Here is the info on the New Square going in where that dirt parking lot is!


Downtown Chandler Update! Developer Unveils Plan for New Square
The old dirt square in front of the Chandler City Hall will soon be New Square.
Developer Spike Lawrence shared his company’s plans for the gravel parking lot behind Saba’s and Bourbon Jack’s at a community meeting Tuesday night.

The project, named New Square, will comprise four different buildings, plus a small park and community stage.
“I’m fired up,” said Lawrence, a Chandler resident whose projects have included the building of Downtown Ocotillo, the Falls at Ocotillo and the Ocotillo Holiday Inn. “We’re excited to be a part of Downtown Chandler.”
Phase One of the project, which will get under way in August, will be a 50,000-square-foot, three-story office building at the northwest corner of Arizona Avenue and Chicago Street and a one-story building along Arizona Avenue, across the existing alley from Peixote Coffee.
The office building will feature a first floor with a mix of restaurants, retail space or service uses. The second and third floors will each comprise about 16,200 square feet of Class A office space. The anticipated rate is in the $30 per square foot range.
Lawrence is excited about the design.
“We’ll have a copper element around the building that will be stunning,” he said. “Then, with the windows, we will have a curtain ‘wall of glass.’”
The stand-alone building to the north will comprise 8,500 square feet and is suitable for one large restaurant, two smaller restaurants, or a mix of a restaurant and retail, he said.
Lawrence also announced that a Hilton Garden Inn is lined up for a four-story, 112-room hotel to be built on the northwest corner of the site, just to the south of the Las Palmas Cantina (in the former Vintage 95 space).
Its construction will get started soon after Phase One begins. The first phase of the project is expected to be completed by the end of 2019.
“We think this will be a great spot for the business traveler,” Lawrence said, “and a great complement to the historic Crowne Plaza San Marcos Resort.”

Phase Two of New Square – at the southwest corner of the site, along Chicago Street – will be a five- to eight-story office building with between 75,000 and 108,000 square feet. The size and construction date will be determined according to demand.
The project’s design was completed by architect Mike Perry of Whitney Bell Perry.
It features north-south and east-west pedestrian corridors to connect the project to the rest of Downtown Chandler.
“The north-south connection will run from the breezeway next to Saba’s all the way to the Local and the Perch,” Perry said. “The east-west connection will go from the City Hall to the new parking garage.”
The developer has also included an event lawn across from the city hall and a small community stage in the center of New Square.
“We’ll call that ‘Sam’s Park,’” Lawrence joked.
Councilmember Sam Huang, who was at the meeting, had proposed last year making the entire Site 6 an urban park.
“This is second best,” Huang said with a grin. “I’m happy that they included the green space and stage.”
The loss of parking is a concern but Downtown Chandler Redevelopment Manager Kim Moyers shared that the city is proceeding with its plan to build a parking garage on the west side of Oregon Street, south of Boston Street.
“We’re going to do it all at once, with 930 spaces,” Moyers said. “We expect to break ground in October or November and have it done by October or November 2019.”
Lawrence’s project manager for New Square is John Sowards. The construction manager is Ron Barrett.
Lawrence, who also co-owns Ocotillo Golf Club with Phil Mickelson, is a native of Tempe and Arizona State alumnus.
“This is a good next step for Downtown Chandler,” he said. “We thank the city for entrusting us to do this.”
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*Article courtesy of John Wolfe 
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Monday, June 4, 2018

What's In It For You? The Value of Working With an Experienced Real Estate Agent

The Value Of Working With An Experienced Real Estate Agent (To Sell)

The 21st century is what I would call the Do-It-Yourself era. Everyone has access to amazing technology that can provide them with the information they need to do just about anything on their own. That’s why it isn’t surprising that many people who are thinking about selling a home wonder if they need a real estate agent.
The answer is yes. Despite the ability to do some of what an agent can do for you, having a real estate agent on your side is essential. Here’s why.

1. Understands the Market

The real estate market can be tricky and includes things like the number of houses versus the number of buyers, days on the market before being sold, economic factors, and even seasonal factors. An experienced agent knows how to look at these numbers to help you determine the best plan of action for selling your home. Although you can get this information online, understanding what the numbers mean and how they affect the sale of your home is part of an agent’s responsibility.

2. Determines the Asking Price

With technology, sellers feel that they can easily determine the market value of their home. The truth is that although information abounds online, it is impossible to know which information is correct. In fact, using information on different sites can easily produce different results.
This means that it will be far more difficult for you to create true comps to determine the correct asking price. However, an agent has data that a homeowner does not have.

3. Identifies Key Selling Points

You love your house and know why you love it. Nonetheless, you may not be aware that buyers in your area are looking for things like tiled showers or a working fireplace, for example. An agent, however, because they work with buyers and sellers all day long, knows exactly what they are searching for and can help you list points about your house that will create a buzz among buyers.

4. Marketing

Most buyers begin their search online. That is why marketing a home has become even more important in today’s world. An experienced agent knows how to aggressively market your home. They will:
  • Suggest home staging techniques to make your home stand out from the crowd
  • Use professional photography for all listings
  • List your home on the MLS and all major online listings
  • Use technology such as video tours
Not only do they have access to the latest technology, but they also have access to a database of potential buyers for your home. If you were to try to do-it-yourself, you would have to start from scratch.

5. Paperwork

The list of paperwork needed to sell a home is quite long. Much of this paperwork is legal paperwork that, if done incorrectly, can stop the sale of your house. It could even cost you money in fees and penalties.
An experienced agent understands:
  • Comparative Market Analysis (CMA): To help you know what other similar homes in your area are listing for
  • Preliminary Title Report: Report that lets you know if anything negative has been reported on your property before the sale begins
  • Mandatory Disclosures: This is information that is of interest to a buyer. Each state has different rules determining what must be disclosed.
  • Contract: Once the written bid from the buyer is accepted, a contract is created stating the terms of the contract. Specific items must be listed in order for the contract to be valid
  • Closing Paperwork: All the legal paperwork needed to close the house successfully
Although there are sites online that offer paperwork for those selling without an agent, these sites simply contain templates that do not have the intricacies needed for your specific property.

6. Negotiations

It is possible to read about selling a home. However, having an expert that has been there and done that makes things easier for you when it is time to negotiate a contract on your home. An experienced agent will guide you through the negotiation process, making sure you the deal on the table is a good deal for you.
During negotiations, you’ll want to get the highest price for your home possible. However, the buyer will be looking for the best deal. In order to find the right middle ground, you’ll need to negotiate. From the moment an offer is received, everything is negotiable. These can include such things as:
Without great negotiation skills, a seller can be left with no deal…Or worse yet, a bad one.

7. Time

Selling a home takes a lot of time, time that you would rather spend working, being with your family, or relaxing. On average, your agent will field 40 calls from potential buyers, show the home ten or more times, prepare hours of paperwork, spend time in negotiations, respond to agents wanting to show your property, and much more.
Not only that, but experienced agents are available during the day and evening when you might not be. This allows them to show your home and respond to potential buyers even if you happen to be busy.

8. Success Rate

Finally, real estate agents are far more successful selling a home than someone trying to sell on their own. The problem is that 88% of homes that go on the market this way never make it to closing. Those are terrible odds. The likelihood of selling your home faster and for more money is much better when using an experienced agent.
Experienced real estate agents are there to help you be successful in your home sale. Despite the DIY era, their expertise is valuable and should not be ignored.







Article courtesy of visualshows.com
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3 Months, 3 Housing Trends: Rates Rise, Prices Slow, Millennials Buy

First-time home buyers might have a couple of things to cheer about in the final three months of 2018, even as mortgage rates are expected ...