Prescott Valley council adopts medical marijuana ordinance

February 12th, 2011

PRESCOTT VALLEY – An ordinance amendment regulating the locations and operations of medical marijuana dispensaries and cultivation facilities will become the law of the land here in a month.
The Town Council voted 6-0 Thursday to adopt the ordinance amendment with no discussion. However, the Planning and Zoning Commission hashed out the ordinance in two meetings [...]

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P&Z endorses sign plan for Shops at Prescott Gateway

February 11th, 2011

PRESCOTT – Just days before the project will go to the Prescott City Council for possible approval, the Shops at Prescott Gateway got its final OK from the Prescott Planning and Zoning Commission this week.
With access to considerably more information than at its last meeting on Jan. 27, the Planning and Zoning Commission unanimously recommended [...]

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Incentives not unique in Prescott business attraction

February 11th, 2011

PRESCOTT – Over the past decade and a half, Prescott has contributed millions to road improvements, dirt-moving and water and sewer lines that were necessary to make way for the large retailers that the city was hoping to attract.
And in several cases, it is still paying back significant percentages of the involved sales tax revenues [...]

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PVEDF Awarded Rural Economic Development Grant

February 9th, 2011

The Arizona Commerce Authority recently announced Prescott Valley Economic Development Foundation (PVEDF) as one of twenty-one statewide organizations to receive a Rural Economic Development Grant.  The grant, funded through the American Recovery and Reinvestment act, was designed to promote job creation and economic growth.
According to PVEDF Executive Director Gary Marks, “Our success in securing this grant [...]

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Prescott Valley Shows Gains in Tax Revenue

January 25th, 2011

Prescott Valley Economic Development Manager Greg Fister passed along some good news to businesspeople during the PV Chamber of Commerce Quarterly Breakfast on Tuesday morning.
Photo courtesy Stew Schrauger/PV Chamber of Commerce

Economic Development Director Greg Fister had some good news for businesspeople who attended the Prescott Valley Chamber of Commerce Quarterly Breakfast Tuesday morning.
Fister compared financial [...]

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Prescott Valley Tweaks Ordinance for Medical Marijuana

January 15th, 2011

Les Stukenberg/The Daily Courier
Town of Prescott Valley Community Development Director Richard Parker speaks before the town’s Planning and Zoning Commission about changes to zoning amendments needed for possible future medical marijuana dispenseries and cultivation sites.

PRESCOTT VALLEY – Medical marijuana growers and sellers would be able to set up shop in larger buildings under a zoning ordinance [...]

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Phoenix Area High-End Office Space Renting for Less

January 8th, 2011

With more than one-quarter of the Phoenix area’s office space sitting empty, owners of high-end office buildings have been beckoning to tenants inside less-desirable properties to “move on up” at little or no added cost.
As a result, the loss of existing tenants has been exacerbated at the bottom of the office-space food chain, among the [...]

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Banks Look at Personal Credit in Granting Business Loan

January 8th, 2011

Small-business owners have some hurdles to scale in seeking a loan.
As a rule, banks will look for at least two or three years of financial results showing good cash flow, if not outright profits. They also will want to know how the money would be used, and they might inquire about the strength of customers [...]

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Broker: Airpark to add 30,000 workers over 20 years

January 8th, 2011

Longtime commercial-real-estate broker Jim Keeley projects that the Scottsdale Airpark will add 30,000 jobs over the next 20 years.
Skeptics should know that Keeley, founding partner of Colliers International in Scottsdale, was pretty close with his 2010 Report in 1981, when he forecast that the Greater Scottsdale Airpark would grow from 3,320 workers at 268 companies [...]

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2010 Commercial Real Estate Highlights Arizona

January 8th, 2011

Office
- Tenants made a mad rush to lock in long-term lease rates at market-bottom prices.
- Hundreds of businesses signed new leases in 2010, totaling nearly 6 million square feet.
- The total amount of leased space remained relatively flat, with a net gain of about 234,000 square feet.
- The vacancy rate continued to increase, rising 1 [...]

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