The West Valley continues to be a commercial real estate hotbed as Phoenix West Commercial professionals closed 39 transactions in the first two quarters of 2020, totaling $8.1 million. Sales transactions totaled $2.3 million and total aggregate leases totaled $5.8 million as Phoenix West Commercial enjoyed its best first quarter ever. Phoenix West Commercial also announced it moved into a new office at 700 N. Estrella Parkway, Suite 205, in Goodyear. ... Click here to read the full press release
PHOENIX, AZ: ELi Mastracci, Sales Associate and Principal of Phoenix West Commercial, LLC., has been awarded the David S. Miller, CCIM Endowed Scholarship by the Central Arizona CCIM Chapter. This scholarship recognizes those in the industry who have shown great dedication, commitment, outstanding achievement, and service to the commercial real estate industry. The award is in the amount of $1,000 and may be used toward one CCIM Core Course. “While Eli Mastracci is young in the business, he was identified through his scholarship application as having the drive, desire, and support to complete the rigorous process for the CCIM Designation. The Central Arizona CCIM Chapter is happy to have chosen such a fine individual to receive the David S. Miller CCIM Endowed Scholarship. We know we can expect great achievements from Eli,” says Lisa J. Richardson, CCIM and broker with SJ Fowler Real Estate, Scholarship Liaison and past president [...]
Bobbie Mastracci, CCIM, Builds Credibility and Connections When Bobbie Mastracci, CCIM, entered commercial real estate as her second career, she needed to gain credibility in the male-dominated industry. “I was trying to get into commercial real estate, and no one would call me back,” says Mastracci, designated broker and principal at Phoenix West Commercial LLC in Phoenix. “Today it has improved for women in commercial real estate, but credibility is still at the top of the list.” Earning her CCIM designation in 2008 gave her instant credibility and an entry into getting to know other CCIMs locally, regionally, and nationally. “I work with a boutique brokerage, so CCIM Institute helped me to build a network,” Mastracci says. “Meeting CCIMs first in the chapter and later nationally gave me the same opportunities as if I worked at a big firm.” Click here to read the article [...]
Phoenix West Commercial is proud to announce our partnership with the Southwest Valley Chamber of Commerce! Check us out under "Economic Development" or click here to view our listing: www.southwestvalleychamber.org/commercial.html ### About the SWVCC The Southwest Valley Chamber of Commerce is a regional chamber of commerce serving the businesses in the Cities of Avondale, Goodyear, Litchfield Park, and Tolleson. Their goal is to help create a community where businesses want to operate, people want to visit, and everyone wants to live. Learn more at www.southwestvalleychamber.org
Arizona Gov. Doug Ducey signed a bill into law April 28 that could create a unique way for Arizona sports teams to finance building and renovating stadiums and arenas. The D-backs' CEO said if the team moves forward on renovating Chase Field using the new financing mechanism, he envisions a mixed-use project being developed around the stadium.
Despite the overall slowdown in office real estate from the pandemic, one office broker said he is working with several large financial services tenants that are considering the Phoenix market for large office spaces that will include hundreds of people.
Many tenants are finding their CAM charges are holding steady or even rising after a year when their office space was mostly empty. For companies looking to cut those expenses, experts say there are several avenues to pursue.