If you have ever briefly mentioned a craving for a burger or needing a new vacuum or even the desire to take a family cruise, then you were instantly served an ad for this item or experience on your social media feed…you’ve experienced first-hand how our shopping patterns have completely transformed over the last few years. This awe-inspiring digital era …
Family Dollar, Dollar Tree, Dollar General, $0.99 Store – they all begin to merge together. However, one of these companies in particular has shown rapid growth in both their balance sheets and their brick-and-mortar count faster than anyone could have predicted. While many retail shops, whether chain or ‘mom-and-pop’, suffered over the past two years, Dollar General (DG) has risen …
We can all agree these past two years have been anything but predictable. Working with borrowers and investors on projects across different asset classes, we wanted to hone in on four challenges we’ve repeatedly seen across the board with construction contractors! Planning Delays It may take longer than what is expected owing to many reasons like compliance hurdles, labor shortage, and technological …
Chris Walton is a commercial developer based in Arizona. He buys properties in and around Arizona and revamps them to meet the requirements of retail stores. He has 6 retail complexes in Arizona that yield him a significant amount of monthly revenue. When Chris Walton learned that Raising Cane’s was planning to open a new store in Chandler, Arizona, he …
David Church and Carl Wood are real estate partners who build commercial buildings for retail and wholesale stores. When the discount retailer giant Dollar General announced the plan to start a new branch in Lake Elsinore, CA, they didn’t have to think twice to sign up on the project. Dollar General would be a great addition to their already impressive …
Nick Christifulli is a retail commercial property builder based in Phoenix. His company leases land plots in prominent locations and prepares them for sale to tenants. However, post-Covid, the market conditions changed and more retailers shifted their operations online. This put Nick in a difficult situation. Rents were due and he was having a hard time finding tenants for vacant …
Rodney Rosenstein Rodney Rosenstein runs Helpful Housing, a non-profit organization that offers affordable housing solutions. After their remarkable success in California, they decided to venture into the Arizona market. They found two suitable properties in Tucson, AZ that they could acquire and turn into affordable living spaces: a 75-unit multifamily complex with a square footage of 67,938, and, across the …
Last year, Sharon Pereida decided to purchase commercial space in Phoenix. One of her long-term tenants ran an automotive startup and wanted to move to Phoenix from So-Cal, to leverage lower costs and to hedge against COVID uncertainty. This was going to be Sharon’s first venture into the Phoenix property market. However, she had a major problem: getting the capital …
“At Colonial Capital, we’ve seen some solid movement in the Arizona property lending market over the past few months. We’re looking forward to a range of growth opportunities over this year, with a particular focus on the industrial and retail segments. The pandemic hit hard last year, but we are definitely on the road to recovery!” – Rob Leonard Sr. …
Amid the COVID pandemic, the economic downturn, and uncertainty about the future, it’s getting harder than ever for property developers to get bank loans when they need them – especially at fair rates. As a private lender, Colonial Capital has decades of experience working closely with property developers across Arizona. We help empower clients who are looking for an alternative …
