April 2018 Newsletter- Jerry LoCoco Joins NAIOP
April 2018 Newsletter- Jerry LoCoco Joins NAIOP
April 2018 Newsletter- Jerry LoCoco Joins NAIOP

 

Central Arizona’s attempted water grab: a miscalculated path of least resistance

Last Friday’s meeting (March 23, 2018) in the City of Yuma Council Chambers and the article by the Arizona Homebuilders made two things very clear: Central Arizona’s leadership intends to use Legal Plunder to extract Yuma County’s water rights in attempt to support development in Central Arizona. Read Jerry’s recent article here.

 

Our Name Has Changed


We are excited to announce our name has changed to SVN | Velocity Commercial Real Estate. Our website has also changed to www.yumacre.com; our telephone number and email addresses remain the same. Same great agency with a new name!

Jerry LoCoco Joins NAIOP in San Diego

Designated Broker for SVN | Velocity Commercial Real Estate, Jerry LoCoco, recently joined NAIOP, a commercial real estate development association in San Diego, California. The association is the leading organization for developers, owners, and investors of office, industrial, retail, and mixed-use real estate. NAIOP comprises of 19,000+ members and provides strong advocacy, education, and business opportunities through a powerful North American network. Jerry states, “becoming part of an organization like NAIOP allows me to connect with regional developers and brokers which, helps our office market and promote Yuma County.  I look forward to adding value to the members of NAIOP and am excited to see that these relationships are already bearing fruit. Building long term relationships with key brokers and developers is key to helping SVN | Velocity market and sale/lease commercial real estate in Yuma County.”

Market Appetite Grows for Grocery-Anchored Assets


Grocery-anchored centers continued to be an attractive property type for investors in 2017, with sales volumes increasing by 5.3 percent. Here are the trends to watch in 2018:
Smaller and more focused stores: smaller footprints have more opportunities in urban locations and in mixed use projects.
Data driven technology: as shoppers demand more digital integration, retailers have new access to unprecedented amounts of data. This data will provide greater efficiency.
Rapid checkout: expect grocers with existing rapid checkout technologies to continue to roll out programs across the country and for others to join the ranks of several grocers who have been testing checkout free concepts.

Read more here.

Virtual Tours Drive Innovation in Real Estate


Exciting innovation penetrates all industries through technology. Real estate professionals resisted for some time, but have recently prevailed. Agents, brokers, and entrepreneurs now take advantage of technological advances to gain a competitive edge in already aggressive industry. Today, the newest trend has blossomed: the 3-D virtual tour.

Read more here.

Featured Listing: Newly Constructed Restaurant in Prime Location

Former Native Grill and Wings restaurant property for sale or for lease in Gomez Plaza, a prime Yuma, AZ location with close proximity to the Yuma Palms Regional Center. Gomez Plaza is a newer retail area with convenient access to Las Palmillas Shopping Center, The Pacific Avenue Athletic Complex, and Downtown Yuma. Location provides easy access to the Interstate 8 Freeway entrance and Highway 95. For information, please call: 928-277-8211 or email.
PRICE: Call for details                                        LOCATION: 16th St. & Sunridge Dr.
YEAR BUILT: 2015                                            LOT SIZE: 47,660 SQFT
BUILDING SIZE: 5,370 SQFT                        ZONING: B-2

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