REAL ESTATE NEWS

According to a US Census Bureau report that measures population of counties with a population of at least 10,000 in 2009 from April 1, 2000 to July 1, 2009, Pinal County, AZ ranks as the 2nd highest with 89.7% growth. Pinal County was the only Arizona County to make the list.
UTAZ has developed multiple Professional [...]

Craig Willett, UTAZ President on “What is a UTAZ Professional Village”
A Professional Village is a collection of buildings with different architectural styles, all designed around the needs of medical and small business owners. It’s like watching Andy Griffith Show—being in Mayberry where you walk down the street and can get your haircut, go [...]

In 2009 we have have seen a definite increase in demand in move-in ready leases.
View a list of all our move-in ready leases
The graph represents V2 Properties and Execu-Suites data, affiliates of UTAZ.
Call for details 480-304-7477.

On December 1, 2009, Banner broke ground on the M.D. Anderson Banner Cancer Center.

Summary of Details for Phase 1:

Located on the Banner Gateway Medical Center Campus at
Higley and US 60 (Superstition Freeway), Gilbert
$107 Million Center
120,000 Square Feet (400,000 in future phases)
3 Story Outpatient Center
Opens Fall 2011
M. D. Anderson is ranked No. 1 in cancer care in [...]

A UTAZ referred bank has announced a temporary special on commercial mortgage rates:
The 4.95% is a 5 year fixed rate on a 20 year amortization. The LTV is 80%, which can be extended to 85% with strong medical borrowers.
Call for more info, 480-304-7477.

1. Scarcity - “Don’t miss out”
a. Premium locations are selling.
UTAZ frontage inventory has been reduced by 37% in Q3 2009
b. The Southeast Valley is the only Arizona submarket that experienced positive absorption in 2Q09
c. New office construction has virtually halted
d. Absorption increased from 6,437 SF 1Q09 to 211,732 SF 2Q09

2. Affordability - “Buy [...]

Gilbert – Ironwood Gilbert LLC in Paradise Valley (Ironwood Cancer and Research Centers, Dr. Parvinder Khanuja, principal) paid $1,825,250 ($175 per foot) to purchase a 10,430-square-foot medical office building located at 3855 S. Val Vista Drive in Gilbert. The seller was Mercy Point Medical Center, Inc., an affiliate of [...]

Craig Willett, UTAZ President & CEO, was featured in the Phoenix Business Journal’s Commercial Real Estate Section on July 31, 2009.
They quote:
“Things have started picking up again for Gilbert-based UTAZ Development Corp., which has sold or leased more than 13,000 square feet of office condo space in the past [month].
“Willett said UTAZ [...]