You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value. Phone / Prefer cell: 520-975-5207
Office: 480-948-5554 or email me walterunger@ccim.net. – What is a CCIM. –
In Business and in Life you don’t get what you deserve, you get what you Negotiate.
LOOKING FOR SELLERS AND BUYERS Land – Industrial – Retail – Office- Multifamily
contact me if you want the me to get you the value of your property.
CLICK HERE TO VIEW ALL MY LISTINGS.
AZBIGMEDIA BUSINESS NEWS | 3/23/2021| ERIN THORBURN
HERE WHAT’S DRIVING THE RISING PHOENIX EAST VALLEY ECONOMY.
The time just after sunrise and before sunset is referred to as the “golden hour.” Its name derives from the brilliant shadows and colors that appear just as night comes and right as darkness disappears. Light always illuminates the landscape, sometimes in magnificent ways — even after the darker moments. You could say that PHX East Valley is now in one of its more brilliant golden hours. Despite the darkness surrounding the pandemic, the East Valley region continues to grow, expand, and celebrate economic success.
READ ALSO: Intel’s $20 billion Arizona expansion will bring 3,000 new high-wage jobs
From a new, 101,000-square-foot CVS Health office in Chandler to the Boeing Company’s manufacturing of the Apache Longbow helicopter in Mesa (now employing more than 4,500 people) and the arrival of Northrop Grumman’s Galaxy 30 (G-30) spacecraft and 633,000-square-foot Launch Vehicles Division Headquarters in Chandler, PHX East Valley’s cities, towns and Native American communities are shining brighter than ever.
This little light of mine, why (now) let it shine?
What is it that makes this the time and space for economic development to flourish throughout the PHX East Valley — even amidst a global pandemic?
“It’s due to the fact that the region’s economy has diversified away from historical growth areas that led to boom and bust cycles,” says Micah Miranda, economic development director for the City of Chandler, “to an economy that produces goods and services for export.”
Additionally, according to William J. Jabjiniak, economic development director for the City of Mesa, it’s also because of a robust workforce, infrastructure and available land.
“PHX East Valley communities, especially Mesa, have invested in all forms of infrastructure in addition to having the right regulatory and tax environment to attract a wide variety of companies,” Jabjiniak says. “With substantial population growth already occurring and having a reasonable cost of living, these key drivers will allow us to be one of those places that not only survive the pandemic, but thrive because of it.”
Statistically, the East Valley boasts 9,514,480 square feet of current development and approximately 31,874,178 square feet of shovel-ready property, with 4.9 percent corporate income tax and 4.5 percent individual income tax.
Major growth
“We have a positive outlook for 2021 as Arizona ranked in the top three fastest-growing states, and Maricopa County was named the top U.S. county in attracting talent,” Jabjiniak says. “Arizona gained an estimated 129,558 people between July 1, 2019, and July 1, 2020, according to the data released December 22 from the U.S. Census Bureau. These indicators prove that we will continue to see an influx of capital and growth.”
PHX East Valley not only continues to attract talent, but also has an existing skilled labor pool ready to feed a diverse and comprehensive portfolio of industries. Technology, aviation, aerospace and defense, autonomous vehicles, advanced manufacturing, tourism, financial services, higher education, biosciences and healthcare — as major industries in the PHX East Valley — continue to prosper and expand because of a solid, reliable talent base.
“We expect industrial — both manufacturing and logistics — life sciences, cold storage, in addition to data centers, to continue to surge in the Phoenix-Mesa metropolitan area,” Jabjiniak says. “Mesa has evolved into a cutting-edge hub of innovation and home to some of the most forward-thinking industries, such as medical devices and aerospace and defense. We expect to continue to attract and grow companies like Dexcom that currently employ more than 1,000 in high-quality jobs.”
Additionally, aerospace and defense and aviation are growing at exponential rates, with Northrop Grumman’s recent investment and expansion throughout Greater Phoenix, Able Aerospace’s continued growth, as well as Boeing’s construction of a new one-story, 155,000 square-foot facility on its Mesa campus.
Fanning the flame
Of course, the ongoing breadth of economic development in and of itself is attracting innovative companies to PHX East Valley.
“Clarivate has doubled in size in the last 12 months,” says Mike Morhardt, executive vice president of commercial performance and operations for Clarivate. “We wanted the ability to be able to invest in a location that would grow with us. And Chandler delivered on that. We also looked at where other companies were going and what types of organizations were in that area.”
And for Dexcom, another company that relocated to the PHX East Valley (from San Diego), geography and logistics added to the reasons for planting a manufacturing facility in Mesa.
“Dexcom was attracted to the Phoenix area, and specifically Mesa, because of the business attractiveness of the state, the city, and the regional area, and the geographical closeness to San Diego,” says Jim Kasselmann, senior director and general manager of Dexcom. “It was advantageous to have it close to San Diego, because of all of the support that’s available there.”
Talent pool
But, by-and-large it’s the talent for which companies like Clarivate and Dexcom were lured to the PHX East Valley.
“Obviously, we were looking for talent — a population of talent — and that talent primarily aligned to sales, inside sales, customer service, quote to cash, accounts receivable, a lot of different functions,” Morhardt says. “We were also looking for that talent to have a certain level of education, and in some cases, language skills.”
For companies like Clarivate, a global leader in insight and analytics to accelerate innovation, scientific and academic research are a significant aspect of the business. Similarly, Dexcom, a continuous glucose monitoring (CGM) system that eliminates the need for finger sticks, also benefits from close proximity to research-based higher education resources.
“We are well connected with Arizona State University’s biomedical engineering school,” Kasselmann says. “We had interns from there that we have hired right out of the university as engineers. One of the other aspects of ASU that I’m definitely interested in pursuing through our engineering staff here is with the polytechnic group.”
In addition to ASU and the Polytechnic Campus, PHX East Valley has the Maricopa Community College District with 10 individually accredited colleges and an annual student population of upwards of 200,000.
Of course, there is even more to attract companies and talent to the warm glow of a growing PHX East Valley.
“Access to high-quality K- 20 education opportunities, a talented workforce and spirit of cooperation between neighboring communities are but a few attributes that make the East Valley attractive,” Miranda says.
“Arizona knows how to do hospitality and I think the East Valley is very welcoming,” adds Jabjiniak. “It is not as ‘institutional’ as communities in the East. For being the 35th largest city in the country, it is easier to get access to city-elected officials, state-elected officials, and C-level executives. People work together to get things done as there is a collaborative spirit here that I think is genuinely different from other more established markets.”
SEE IT ALL: https://azbigmedia.com/business/here-whats-driving-the-rising-phx-east-valley-economy/
FROM ME: Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international. Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
In Business and in Life you don’t get what you deserve, you get what you Negotiate.
LOOKING FOR SELLERS AND BUYERS Land – Industrial – Retail – Office – Multifamily
contact me if you want the me to get you the value of your property.
CCIM DEAL MAKERS FALL 2020 THE BIGGEST DEAL WALTER UNGER, CCIM, WITH WEST USA COMMERCIAL DIVISION IN PHOENIX REPRESENTED GCG HOLDINGS LLC IN ITS $29.43 MILLION SALE OF GOLD CANYON GOLF RESORT AND SPA IN GOLD CANYON, ARIZ., TO GOLD CANYON MJ LLC.
CCIM DEAL MAKERS FALL 2020 THE BIGGEST DEAL / WALTER UNGER, CCIM, WITH WEST USA COMMERCIAL DIVISION IN PHOENIX REPRESENTED GCG HOLDINGS LLC IN ITS $29.43 MILLION SALE OF GOLD CANYON GOLF RESORT TO GOLD CANYON MJ LLC.
Click here to find out what is a CCIM:
CLICK HERE TO VIEW ALL MY LISTINGS.
http://walter-unger.com/gold-canyon-resort-sells-for-29-4m/
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
CLICK HERE TO VIEW ALL MY LISTINGS.
https://www.crexi.com/properties?searchBrokerId=17513
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
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