Yuma’s Evolution, Adaptation and Progress as a City
Jerry LoCoco Speaks at Yuma City Council
Jerry LoCoco addressed Yuma City Council on February 6th, 2018 at the Citizen’s Forum regarding the billion dollar bond initiative and the need for higher education funding in Yuma. Currently, Yuma is not included in this higher education bond, yet residents will pay for the interest and principal on these bonds.
LoCoco stressed that Yuma County deserves to be represented in the investment. He stated, “Yuma County has a tremendous amount of opportunity within our community to expand and grow industries not currently fostered elsewhere in the state. Expanded higher education in Yuma is a game changer and must happen if we are to see continued growth as a region and community.” SVN has created a petition for this cause, please take a moment to read and sign if you are inclined: http://bit.ly/2CvPisu
Singapore Surpasses China as Largest Asian Investor in US CRE
Singapore surpassed Chinese investments in U.S. commercial property by $1 billion in 2017, a clear sign of the nation’s steady rise in global investments. In the past year, Singapore’s major U.S. investments included the purchase of the Deutsch Bank headquarters in New York, purchase by GIC for nearly $1billion, and a portfolio of data centers snatched by Mapletree Investments for $750 million.
What does this mean for Yuma? Investors are also targeting multi-family and industrial locations — a clear sign that the strengthening in these markets will bring expanded growth and higher property values. Read more here.
Don’t Let Your Insurance Premium Be the Boss of You
Has an insurance premium impacted the transaction of a real estate deal you were connected to?
By ensuring that your agent has current information, the carrier can recalculate your premium and may be able to return a lower premium and keep a real estate transaction in play. The big factors impacting your premium dollars are:
- Roofing / Electrical / Plumbing updates
- Claims history (be sure to ask for a copy as the information may be inaccurate)
- Type of business you are operating
- Contents coverage
Read how to navigate the world of commercial property and liability insurance and get the biggest bang for your premium dollar here.
Commercial Real Estate: Buy or Lease?
Deciding whether to lease your property or buy it outright is one of the most important decisions a business owner can make, and frustratingly, there’s no easy answer as to which one is right. Start by asking yourself these questions to determine how to proceed:
- What’s the long-term cost?
- How long will you stay there?
- Who pays operating costs?
- How much surplus space is there?
Read more here.
Featured Listing: 2780 S. Pacific Avenue
5,000 SFQT of rentable retail space in Pacific Avenue Desert Plaza Shopping Center, a well established shopping center, located on Pacific Avenue and Palo Verde Street. Property is within close proximity to the Pacific Avenue Walmart Shopping Center offering high visibility and exposure to 19,025 vehicles per day (raw summer count). For information, please call: 928-277-8211 or email.
Featured Listing: Plaza Del Este
7 Lots for sale in the industrial complex of Plaza Del Este. Located in Southeast Yuma close to MCAS, Arizona Western College, Yuma International Airport, and the Yuma Foothills. Quality development guidelines insure and maintain the integrity of this luxury office plaza. For information, please call: 928-277-8211 or email. Take a virtual 3-D tour here.