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Trend Report Presents Best-in-Class Awards for 2022 Excellence

TUCSON, ARIZONA, January 30, 2023 — Trend Report presented a dozen Best-in-Class Awards to recognize excellence in the commercial real estate community in Southern Arizona for 2022.

The first ever Best-in-Class Brokers were paid tribute with a specially printed Trend Report “challenge coin” in recognition of the fellowship and camaraderie that exists within our commercial real estate community. The challenge coins were presented at a Happy Hour held at the Mountain Oyster Club, Thursday evening, January 27th sponsored by Trend Report and The Bain Law Firm of Tucson.

“It’s amazing what’s happening in Southern Arizona within our real estate community,” said Trend Report Managing Editor, Karen Schutte. “This year’s Best-in-Class Award winners truly showcase excellence in commercial real estate sales and service to our community. We couldn’t be prouder of our winners!”

This year’s winners were as follows in the following categories:

  • Multifamily Sales (more than 40 units): Clint Wadlund, Hamid Panahi, and Art Wadlund, Marcus & Millichap (IPA);
  • Multifamily Sales (less than 40 units): Allan Mendelsberg and C. Joey Martinez, Cushman & Wakefield | PICOR;
  • Industrial Sales: Rob Glaser, SIOR, CCIM, Cushman & Wakefield | PICOR;
  • Office Sales: Dean Cotlow, Cotlow Company;
  • Retail Sales: Isaac Figueroa, CCIM, of Larsen Baker;
  • Residential Land Sales: Will White and John Carroll, Land Advisors Organization;
  • Industrial Land Sales: Tim Healy, CBRE Tucson;
  • Commercial Land Sales: Jeramy Price, VOLK Company.

Challenge coins date back to ancient times and have traditionally been used in the military and law enforcement. The coins have evolved to symbolize one’s camaraderie to an organization over the years and recognition of a person’s service.

The military still uses these simple coins as a gesture of allegiance, but challenge coins have outgrown the military and today, have escaped into the hands of civilians. Nothing is more fascinating than to see how such a simple concept as a coin has evolved into a truly meaningful and widespread emblem of tradition and honor; that will now be included in our commercial real estate community through those recognized.

As part of the tradition, members with a challenge coin can “challenge” each other to present their coin anytime and anyplace.  If the challenged person fails to do so, they are responsible to buy the challenger a drink.

More information on the 2022 Best-in-Class Awards can be found here: Trend Report 2022 Best-In-Class Awards – Trend Report (trendreportaz.com)

Best-in-Class Award Winners (l to r) Tim Healy, CBRE; Dean Cotlow, Cotlow Company; Clint Wadlund, Marcus & Millichap (IPA); Bryce Horner, Cushman & Wakefield| PICOR accepting award for Rob Glaser; Allen Mendelsberg, Cushman & Wakefield| PICOR; Isaac Figueroa, Larsen Baker; John Carroll, Land Advisors Organization; and Jeramy Price, VOLK Company.

 




Southern Arizona CCIM’s 31st Annual Economic Forecast on February 16th will be a Sellout – 100 Tickets Available!

Tucson, Arizona, (January 30, 2023)  – The Southern Arizona Chapter of CCIM, commercial real estate’s global standard for professional achievement, presents its 31st Annual Economic Forecast.  Tucson’s premier commercial real estate event of the year will be held at the Tucson University Marriott on Thursday, February 16, 2023 and over 350 people have already registered. The conference is a must for all real estate professionals and owners seeking the insight and expertise of great minds working in commercial real estate today.

Top real estate professionals will speak on multiple areas of the commercial real estate industry including investment sales, industrial, retail and multi-family. The Keynote Speaker will be KC Conway, CCIM, MAI, CRE, CCIM Institute’s Chief Economist.  Southern Arizona CCIM Board member and CCIM 2023 Region 2 First Vice President Gary Heinfeld, CPA, CCIM shared his thoughts on KC’s level of expertise. “In today’s climate of uncertainty around economic recovery rates, inflation levels, and interest rates it is a must to attend this year’s Southern Arizona CCIM Economic Forecast. I have followed KC’s recommendations in the past and he is always spot on”.

Leading the Economic Forecast this year is Southern Arizona CCIM Chapter President Elect, Isaac Figueroa, CCIM, Director of Leasing and Sales at Larsen Baker.  The Chapter is honored to be joined by the Institute’s 2023 CCIM President David Schnitzer. The event itinerary includes the following speakers:

  • Investment Sales: Phil Voorhees, Vice Chairman, CBRE
  • Industrial: Jesse Blum, Principal, Industrial Properties, Cushman & Wakefield | PICOR
  • Retail: Nancy McClure, First Vice President, CBRE
  • Multi-Family: Hamid Panahi, Senior Vice President, Institutional Property Advisors
  • Keynote: KC Conway, CRE, CCIM, MAI, Principal, Red Shoe Economics, LLC, CCIM Institute’s Chief Economist.

All the speakers have been selected because of their experience and knowledge in their specified markets.

The 2023 Southern Arizona CCIM President, Michelle Cunningham, CCIM, CPM, MBA stated “The last few years have been marked by unparalleled shifts in our market, locally and globally. For many of us, our entire lives and way of doing business has changed. Now that some of the dust has settled, for the moment anyway, it feels like the perfect time to take inventory and see where our local commercial real estate market stands and where it might likely be headed. This year’s Forecast seeks to provide the real estate professional and owners with some clarity as to what to expect in the world of commercial real estate for the balance of 2023.”

The event is scheduled for Thursday, February 16, 2023, at the Tucson University Marriott, 880 E 2nd St, Tucson, AZ 85719. Registration and Check-in will begin at 12:30 pm and Introductions for the event start at 1:30pm. Registration for SAZ CCIM Chapter members is $125; $150 for non-members; $1000 for a table of ten and $175 at the door for any participant. Three Continuing Education credits have been approved by the Arizona School of Real Estate & Business, category Real Estate Legal Issues. To secure your attendance for the 31st Annual Economic Forecast event before we sell out, be sure to register at https://southernazccimchapter.com.

 

 




Buyers Expect Less Housing Availablity

By Rose Quint in NAHB Eye on Housing

After a brief respite earlier in 2022, buyers’ expectations of housing availability soured again at the end of the year.  In the final quarter of 2022, the share of buyers who expect the home search to get easier in the months ahead dropped to 24%, down from 37% in the third quarter. In contrast, 66% expect the search to get harder/stay the same, up from 59%.

Housing availability expectations deteriorated in three regions of the country.  In the Northeast, the share of buyers expecting an easier home search in the months ahead dropped from 44% in the third quarter to 28% in the fourth quarter.  In the Midwest, the share dropped from 33% to 19%; and in the West, from 52% to 27%.  The share edged up in the South, from 23% to 24%.
Another way to measure buyers’ perceptions of housing inventory is to ask them if they are seeing more/fewer/the same number of homes for-sale (with desired features and price point) in their markets.  By this measure, buyers’ perceptions also worsened.  In the final quarter of 2022, 30% of buyers were seeing more such homes available, down from 36% a quarter earlier.
Inventory perceptions weakened across all regions.  From the third to the final quarter of 2022, the share of buyers seeing more homes (with desired features and price point) on the market fell in the Northeast (43% to 26%), Midwest (30% to 23%), the South (33% to 32%), and West (42% to 31%).
* Results come from the Housing Trends Report (HTR) – a research product created by the NAHB Economics team with the goal of measuring prospective home buyers’ perceptions about the availability and affordability of homes for-sale in their markets.  The HTR is produced quarterly to track changes in buyers’ perceptions over time.  All data are derived from national polls of representative samples of American adults conducted for NAHB by Morning Consult.  Results are seasonally adjusted.  A description of the poll’s methodology and sample characteristics can be found here. This is the third in a series of six posts highlighting results for the 4th quarter of 2022.  See previous post on plans to buy and new vs. existing preferences.