Thomas Title & Escrow

?? Happy Birthday, Kylie Cook! ?? Today we’re celebrating one of our incredible team members, Kylie! Your dedication, passion, and positive energy inspire us every day. We appreciate all you do and feel lucky to have you on the team. Wishing you a fantastic birthday filled with happiness and continued success in the year ahead! ?????? #ThomasTitleandEscrow #CommercialRealEstate #HappyBirthday #TeamCelebration #Grateful #CompanyCulture

Amerco, the real estate division of U-Haul, recently acquired an expanded self-storage facility in Kingsport, TN, for $3,670,000. The fully climate-controlled facility doubled in size following its expansion in Q1 of 2024. This acquisition adds 315 units to U-Haul’s robust network of self-storage properties. The transaction was closed by Joel Montemayor, Vice President and Senior Commercial Escrow Officer, in our Scottsdale, AZ, office. Learn more: https://lnkd.in/g25vvHxG #ThomasTitleandEscrow #CommercialRealEstate #TitleTrove #DealOfTheWeek #SelfStorage

Lack of foot traffic makes Mesa’s downtown a tough sell for retailers Mesa wants to attract more retail, particularly in its downtown area, the Mesa Tribune reports. While the downtown area boasts unique shops, restaurants, a convention center and light rail, it faces issues such as insufficient foot traffic and walkability. A consultant firm, hired to boost the city’s retail base, has identified eight distinct retail districts in Mesa, each with its own customer base and challenges. A firm called The Retail Coach is working on attracting new retailers and restaurants to these areas, using cellphone data to analyze customer patterns and project retail demand growth. “I’m a big believer that if you’re going to have a successful retail district, successful downtown you have to have a healthy mix of local, regionals and nationals playing together working together in these areas,” Aaron Farmer, president of The Retail Coach, said at the Nov. 7 council study session. “The nationals might not be downtown but they’re in that surrounding area. They’re helping draw and bring people there as well.” Read more: rptn.co/0rkWABCsACA #ThomasTitleandEscrow #CommercialRealEstate #TitleTrove #Arizona #Mesa #Retail

?? Employee Spotlight: Kylie Cook, Director of Commercial Services at TT&E ?? Favorite Thing About Working at TT&E: “I love my team—they’re like family! We’re always open to collaboration and creativity to make things happen. Working with people who make each day enjoyable and fulfilling is something I’m truly grateful for.” Fun Fact: Kylie loves what she does. “Most days, it doesn’t feel like work! Meeting new people, connecting others, and helping find solutions are passions of mine both on and off the clock.” Specialty: Kylie’s unmatched talent for connecting people brings incredible real estate opportunities. “Introducing two people and seeing it lead to not only new real estate deals, but also new friendships is the cherry on top!” ?? Outside the Office: You’ll find Kylie traveling, enjoying music, golfing, or trying new restaurants. She loves family time, walking the canals with her husband and their three doodles, and staying active with her two teen daughters’ sports and activities. Thank you, Kylie, for your passion, drive, and dedication! ?? #ThomasTitleandEscrow #CommercialRealEstate #EmployeeSpotlight #TeamTTE #CommercialServices #Networking #MakingConnections

Phillips 66 plans to close oil refinery in Los Angeles by end of next year Phillips 66 plans to close its Los Angeles refinery by late 2025, a decision that will affect around 900 jobs and 650 acres of industrial land in Carson and Wilmington, Urbanize LA reports. The company cites uncertain long-term sustainability and market dynamics for the closure. To explore future uses of the strategically located properties, Phillips 66 is collaborating with development firms, including Catellus Development Corporation and Deca Companies. Los Angeles City Councilmember Tim McOsker views this as an opportunity to improve air quality, create new jobs and advance LA’s climate goals. Read more: https://lnkd.in/g3FcB_Ks #ThomasTitleandEscrow #CommercialRealEstate #TitleTrove #LosAngeles #Energy #FossilFuel

?? Celebrating Work Anniversaries in November! ?? This month, we’re excited to celebrate the work anniversaries of three outstanding team members – Kristina Harnett, Joel Montemayor, and Vickie Montemayor! ?? Your dedication, hard work, and contributions continue to make a positive impact on our company’s success. Thank you for being such valuable members of the team. Here’s to many more years of growth and achievements together! ?? #ThomasTitleandEscrow #CommercialRealEstate #WorkAnniversary #TeamAppreciation #MilestoneMoments #CompanyCulture #Grateful

?? Congratulations to Chadwick Campbell and Joel Montemayor! ?? We are thrilled to recognize the outstanding work of Chadwick Campbell, Underwriting Counsel, and Joel Montemayor, VP & Senior Commercial Escrow Officer, for their roles in the successful closing of the largest office transaction in Metro Phoenix in the past two years! With Chadwick's underwriting expertise and Joel's escrow leadership, this high-profile transaction was completed seamlessly through Stewart Title National Commercial Services. To learn more about this remarkable sale, check out the article from AZ Big Media: 24th at Camelback II sells in biggest office deal since 2022.https://https://lnkd.in/gtJ3xdMr ?? Join us in celebrating this significant achievement! #ThomasTitleandEscrow #CommercialRealEstate #PhoenixRealEstate #Congratulations #TeamSuccess

An Arizona-based developer has completed construction on a 128-unit build-to-rent community in McKinney, TX, and has closed on a new loan of approximately $23 million. The transaction was closed by Vice President and Senior Escrow Officer, Bryan Selna. Learn more: https://lnkd.in/g25vvHxG #ThomasTitleandEscrow #CommercialRealEstate #TitleTrove #DealOfTheWeek #Construction

Office vacancy rate in Phoenix area drops for the first time in five years? For the first time in nearly five years, the vacancy rates in Phoenix area office market decreased, AZ Big Media reports. Figures from JLL’s Q3 2024 report show a decrease by 10 basis points during the third quarter to 25.1%. The improvement is attributed to a slowdown in move outs. Asking rents rose, increasing by 3.1% year-to-date after an earlier decline. There is an increased interest in pre-built and high-quality spaces and a growing demand for locations with amenities. “We’re seeing Phoenix’s positive office market trends play out in real-time,” says Trevor Pratt, managing director at JLL. Read more: rptn.co/kk3yAEB4AcA #ThomasTitleandEscrow #CommercialRealEstate #TitleTrove #Office #Arizona #Phoenix

San Francisco helps nonprofits buy?bargain real estate in downtown San Francisco is helping nonprofits acquire distressed real estate in downtown areas, The San Francisco Standard reports. The city’s API Equity Fund, established in 2022, provides financial support for nonprofits serving Asian American and Pacific Islander communities to purchase and improve facilities. One beneficiary, the Bayanihan Equity Center, recently acquired a building in the Filipino Heritage District at a significant discount, thanks to this program. This initiative is part of a broader trend in which nonprofits and community organizations are taking advantage of the current real estate market downturn.? Read more: rptn.io/yMyAEkATBAw #ThomasTitleandEscrow #CommercialRealEstate #TitleTrove #SanFrancisco #DistressedAssets