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Market and Feasibility Studies
 
Market studies evaluate general market conditions of supply, demand, timing, pricing, and demographics to determine the suitability of specific uses for a site. Feasibility studies are performed to test various investment scenarios and evaluate their outcomes. Studies have been conducted for all segments of the real estate market including the retail, office, industrial, multi-family, and single family sectors.

Analysis of the Impact of the Arizona Tourism and Sports Authority on Cactus League Facilities and Events Held at Bank One Ballpark - Maricopa County Stadium District
Elliott D. Pollack and Company was retained to evaluate the impact of the newly created Arizona Tourism and Sports Authority (TSA) on funding for Cactus League spring training facilities and the future use of Bank One Ballpark for non-baseball events.

Arizona Affordable Housing Profile - Arizona Department of Commerce
This study involves the development of an affordable housing profile for every county and city in the State of Arizona. The development of an extensive housing database is required on home sales, apartment rents and subsidized units to evaluate each community's efforts to address affordable housing issues. Completion of the study will involve presentations at several housing summits held across the State.

Targeted Market Study, Apache Junction, Arizona - City of Apache Junction
Elliott D. Pollack and Company was retained by the City of Apache Junction to conduct a Targeted Market Study to quantify the demand for home improvement centers, major discount retailers and hospitality facilities in the community. The study methodology included telephone surveys of residents within the primary (Apache Junction area) and secondary (Gila and Pinal Counties) market areas to obtain data on spending habits and how far residents were willing to drive to obtain certain goods and services. The analysis resulted in an estimate of the spending potential within the trade area and the types of retail outlets that would be supported in Apache Junction.

Retail Market Analysis for 10 Acres at the Southwest Corner of McQueen and Queen Creek Roads, Chandler, Arizona
This study examined the demand for retail uses that would be created by growth in the Southeast Chandler area and the impact on this 10 acre site.. Retail Market Analysis for 12 Acres at the Southwest Corner of McQueen and Riggs Roads, Chandler, Arizona (2000) This analysis examined the potential for growth in the area immediately surrounding the 12-acre site and the demand that would be created for retail uses.


Market Potential Study of Future Residential Developments in the Trade Area Surrounding Prescott, Arizona
This study examined the market dynamics and forces affecting future residential developments in the trade area surrounding Prescott, Arizona. In addition to evaluating the economic and demographic factors affecting the housing market in the Prescott Area, current development trends were reviewed to identify the types of housing products that are likely to be demanded in the future.

Commercial Feasibility Study of the Area Surrounding Prescott, Arizona
The purpose of this study was to evaluate the current and future demand for retail, office, and industrial uses in the area surrounding Prescott, Arizona. This study focused on the retail uses in Yavapai County and examined the unmet demand for various types of retail goods.

Market Demand Study for an Apartment Community, Phoenix, Arizona - Foundation for Senior Living
The study evaluated the demand for a proposed low- and moderate-income housing complex (affordable tax credit) for senior and disabled citizens in Downtown Phoenix. The report was part of an application to the Arizona Department of Commerce for designation of the project for federal tax credits.

Supply/Demand Analysis of Industrial Land in the City of Mesa, Arizona
This study evaluated the supply of and future demand for industrial land within the City of Mesa, Arizona from 2000 through 2030.


Supply/Demand Analysis of Scottsdale/Paradise Valley Hotel Market

This analysis involved developing a short term forecast for the Scottsdale/Paradise Valley hotel sector, aimed at addressing the timing of recovery of the market. Current occupancy levels have declined by more than 10% in the last few years to the 63% range at the end of 1999. The study projected a slowdown in construction of new hotel rooms and mediocre performance by the hotel market for the next five years.

Housing Market Study, South Mountain Neighborhood � City of Phoenix
The City of Phoenix retained this firm to evaluate the competitive supply of and demand for housing in the South Mountain neighborhood and provide recommendations on the development potential of housing sites near 24th Street and Southern Avenue.

Tempe, Arizona Class A Office Study
A study of the Tempe, Arizona office market, with particular emphasis on Class A product. The study found that the metro Phoenix office market was entering a period of overbuilding and softness in rents that would probably last for two to three years. Elliott D. Pollack and Company recommended an approach and strategy for developing a site in south Tempe.

Market Demand Study of Mixed-Income Apartment Project, Phoenix, AZ
The study evaluated the demand for a proposed mixed-income project with low-income housing (affordable tax credit) and market-rate units in Downtown Phoenix. The report was part of an application to the Arizona Department of Commerce for designation of the project for federal tax credits.

Market Potential Study of Heritage District � Town of Gilbert, Arizona
This study evaluated the market potential of Gilbert�s Downtown Heritage District, formerly the community�s original townsite. The analysis assessed the current target business clusters for the area and potential for additional retail development. The study will be incorporated into the Town�s Redevelopment Plan for the Heritage District.

Analysis of Tax Abatement Proposal, Tempe, Arizona
This study analyzed a proposed tax abatement request for the a Tempe hotel, office and retail development.

Market Demand Study for a South Phoenix Apartment Complex, Phoenix, AZ
The study evaluated the demand for a proposed low and moderate income apartment complex in South Phoenix. The report was part of an application to the Arizona Department of Commerce for designation of the project for federal tax credits.

Supply/Demand Analysis for a Proposed Tucson, AZ Apartment Site
This supply and demand study evaluated a proposed apartment site at Williams Centre in Central Tucson.

Supply/Demand Analysis for a Proposed Tucson, AZ Apartment Site
This supply and demand study evaluated a proposed apartment site in the Foothills area of Tucson.

South I-10 Corridor Office Market Study, Metro Phoenix, AZ
Elliott D. Pollack and Company evaluated the current supply of and future demand for office space within the South I-10 Corridor in the cities of Tempe and Phoenix.

Market Feasibility of Proposed Multi-Family Housing Site, Phoenix, Arizona
This study analyzed population and employment characteristics within the competitive market area surrounding the site and the demand for luxury apartment units. The results of the study show sufficient depth in the marketplace to support the proposed project concept.

Market Feasibility and Fiscal Impact Analysis for a Phoenix, AZ Golf Course
The purpose of this study was to evaluate the supply and demand issues affecting a proposed Golf Course site in South Phoenix for associated hotel and industrial uses.

Deer Valley Airport Area Industrial Market Study
This report evaluated the demand for industrial space in the Deer Valley Airport area of north Phoenix over five years.

Scottsdale Airport Area Office Market Study
This report evaluated the demand for office space in the Scottsdale Airport area through the year 2002. A significant finding of the study is that traditional office tenants are exploring the leasing of less expensive workplace environments. As a result, �back office� industrial buildings are becoming increasingly popular alternatives to the traditional class A office building.

Analysis of Ahwatukee/Foothills Area Retail Development, Phoenix, AZ
This analysis evaluated historical commercial development in the study area and projected future demand for five years into the future.

Retail Market Analysis for a Masterplan, Phoenix, AZ
As part of a request to revise the master plan, Elliott D. Pollack and Company evaluated the supply of and demand for retail uses in the community and surrounding properties.

Economic and Market Analysis for a Masterplan in North Scottsdale, Arizona
This study looked at the economic and market conditions that affected the master planning and development of a 320-acre site in north Scottsdale.

Analysis of Issues Related to Proposed a Luxury Rental Community, Tempe, Arizona
Research conducted to support the rezoning of an apartment site including analysis of Police Department crime statistics.

Analysis of City of Chandler Apartment Submarket
Analysis of the demand for apartment units in west Chandler in support of rezoning of an apartment site.

Market Evaluation of a Proposed Apartment Project in the Kierland Master Planned Community, Phoenix, Arizona
Extensive market analysis was undertaken to determine the demand for a luxury apartment project in the northeast Phoenix/north Scottsdale area.

Feasibility Analysis of Master-Planned Communities, Goodyear, Arizona
This study, commissioned by a potential purchaser of the property, evaluated the feasibility of purchasing and further developing the project. The study required extensive review of Lincoln Savings files, master plans, engineering documents, construction estimates, and development agreements.

Feasibility Analysis of Rose Garden Trails, Arizona State Land Department
The Arizona State Land Department hired Elliott D. Pollack and Company to evaluate the economic feasibility of this 127 acre site located in the Deer Valley area of Phoenix. The project involved the evaluation of the approved development plan, the competitive real estate market, and other factors affecting marketing and disposition of the property.

Feasibility Analysis of the Stetson Hills Project, Arizona State Land Department
The Arizona State Land Department hired Elliott D. Pollack and Company to evaluate the economic feasibility of this 2,200 acre master planned project in North Phoenix. The project involved evaluation of the master plan, the competitive real estate market and phasing of improvements. The Company recommended methods for marketing and disposition of one of the largest projects in the Department's portfolio.

Projections of Real Estate Market Recovery - Maricopa and Pima Counties
The Company undertook a comprehensive analysis of all sectors to the Maricopa County and Pima County real estate markets to determine the expected timing of correction based on historical and projected growth patterns. The study also included evaluation of approximately 80 real estate assets to recommend strategies for maximizing the portfolio value and timing of disposition.

Financial Feasibility of Acquisition of 100,000 Square Foot Office Building
This study assessed the feasibility of acquisition of the office building based on existing market conditions and absorption rates, current and projected lease rates, and expected timing of recovery of the office subsector. Recommendations were provided on the terms of acquisition, leasing rates and terms, and marketing strategies.

Retail/Office Market Study for Fountain Hills, Arizona
The study analyzed the demand for retail and office space in Fountain Hills and the competitive supply.

Retail Market Study for Northeast Scottsdale
This market study evaluated the supply and demand characteristics for retail shopping center space for the area surrounding the intersection of Pima Road and Shea Boulevard.

Real Estate Value Appreciation Model
The Company developed a model for Maricopa County to evaluate alternative land use strategies and economic feasibility. The model incorporated actual, comparable transactions and economic events such as real estate market liquidity and building activity to estimate appreciation rates. It also examined master planned communities to determine the timing of appreciation relative to their life cycle stage.

Market Analysis for Lost DutchmanHeights Master Planned Development in Apache Junction

This analysis provided an assessment of the Metro Phoenix real estate market with emphasis on State Trust property known as LostDutchmanHeights located along the southern boundary of Apache Junction.  The analysis of regional economic conditions contained in this report provided a framework for subsequent research into issues related to development viability.

 

Marketability Report for Lost DutchmanHeights Master Planned Development in Apache Junction

The purpose of this study was to conduct a marketability analysis of a proposed 7,700 acre master planned community in the Apache Junction area in Pinal County, Arizona called Lost Dutchman Heights (LDH).  This study was the second task of a three step process that follows from a market study for the LDH property completed in July 2007.  This study evaluated the LDH site itself to determine the positive and negative aspects that will need to be addressed in order to assure the success of the project.  The analysis also included evaluation of the housing and commercial markets within the Primary Market Area surrounding the site and LDH’s competitive position relative to other properties or projects.  Recommendations were provided on the mix of land uses appropriate for the project and identify any target markets for the residential portions of the project. 

 

Demographic Analysis of Possible Expansion Locations for Alliance Bank of Arizona

A detailed demographic analysis was conducted of the Metro Phoenix market in an effort to identify possible locations for branch expansion by Alliance Bank.  To most efficiently convey the economic information, and to assist with the identification of specific expansion locations, economic data was converted into thematic maps.

 

Commercial/Industrial Market Analysis Buckeye, Arizona

Elliott D. Pollack & Company was retained to undertake a Commercial/Industrial Market Study that addresses issues related to the future growth of the community over the next five years.  Specifically, the study addresses the types of commercial and industrial development the Town may expect to see in the near term, and how the Town may be able to leverage its assets to attract certain types of industrial development to the community.  A discussion of incentives is also included in the study.

 

Market Analysis for South Arizona Avenue Corridor - City of Chandler, Arizona

The purpose of this report was to provide real estate market analysis of Downtown Chandler and the South Arizona Avenue Corridor that provides a foundation for the strategic redevelopment of the area.  The report was prepared in conjunction with an urban design study of the Corridor conducted by RNL Design.  The Market Analysis included an overview of the characteristics of the current retail market, its strengths and challenges, the demographic characteristics of the population within the surrounding trade area and recommendations on the development of retail and other uses along the Corridor.  In addition, the impact of major retail development occurring at the intersection of Arizona Avenue and the Loop 202 Freeway was analyzed as well.

 

Market and Land Use Analysis of Asarco Property, Casa Grande, Pinal County

This firm conducted a market analysis of western PinalCounty that assisted in the preparation of a land use plan for the 7,000 acre former Asarco property that is owned by D. R. Horton near Casa Grande, Arizona.  In order to form an opinion related to optimal land use, economic trends within the Metro Phoenix area were reviewed.  Additionally, the real estate market within PinalCounty was reviewed in depth.

 

Retail Supply/Demand Analysis for 7.8 Acres at the Northwest Corner of Frank Lloyd Wright Boulevard and 100th StreetScottsdale, Arizona

Elliott D. Pollack and Company was retained to conduct a retail supply/demand analysis for a proposed 7.8-acre shopping center known as Centennial Marketplace located at the northwest corner of Frank Lloyd Wright Boulevard and 100th Street in Scottsdale, Arizona.  This study will evaluate the viability of and demand for the proposed local serving (neighborhood and specialty) retail use of the site, taking into account the existing and build-out population of the trade area, household incomes and competing commercial sites.

 

Real Estate Market Analysis Bella Vista Gilbert, Arizona

The purpose of this market analysis was to determine the supply and demand for a proposed condominium project to be developed in near Val Vista Drive and Williams Field Road in Gilbert.  The 234-unit project is comprised of 2 & 3 bedroom condominium units.  Initial plans call for a base price range of $148,955 to $178,750, with a unit size range of 961 to 1,375 square feet.

 

Market Analysis for Latham Terrace Senior Apartment Complex

The purpose of this report was to conduct a market analysis for Latham Terrace, a proposed senior multi-family complex located at the southwest corner of E.H. Crump Boulevard and South 4th Street in Memphis, Tennessee.

 

Sterling Realty Group Retail Market Analysis

Elliott D. Pollack and Company has been retained to evaluate the marketability of a 13-acre site located at the northwest corner of Cooper Road and Chandler Boulevard in Chandler, Arizona for a neighborhood shopping center anchored by a grocery store.  This study will evaluate the potential demand for a grocery store, given competing shopping centers and grocery stores within a defined market area surrounding the site.  The report will also provide an overview of the Metro Phoenix retail market.  Since the site is 13 acres in size, the study will focus primarily on the neighborhood shopping center real estate market. 

 

City of Phoenix Downtown Competitiveness Assessment - City of Phoenix Community and Economic Development Department

The purpose of the study was to evaluate the competitive position of Downtown Phoenix in the local entertainment industry and the impact of the introduction of new venues in the market area.  Specifically, the Phoenix Coyotes NHL hockey team is moving from Downtown Phoenix to the new Glendale Arena at year-end 2003.  In 2006, the Arizona Cardinals will move from Tempe to a new stadium adjoining the Arena.  The study found that the City would likely lose between $650,000 and $750,000 in revenue related to the loss of sporting and concert events to the Glendale Arena.  The study also evaluated the potential for development of retail and entertainment events in the Downtown.  Based on a study of comparable cities in the country, it was concluded that Downtown does not have a sufficiently large enough population and employment base to support significant entertainment and/or retail development at the current time.

 

Market Analysis for Cleaborn Redevelopment Project, Memphis , TNMemphis Housing Authority

The purpose of this report was to conduct a market analysis for the proposed Cleaborn redevelopment area with regards to the feasibility of new market-rate housing in the area.  The Cleaborn redevelopment area is located adjacent to the Memphis Central Business Improvement District (CBID). The study area is comprised of two close but non-contiguous sites: the Vance Avenue single family sites (comprised of 20 scattered and non-contiguous lots) and the Georgia Avenue site.

 

Highest and Best Use Analysis for Tillman Redevelopment Site, Memphis, TNMemphis Housing Authority

Elliott D. Pollack & Company was retained by the Memphis Housing Authority (MHA) to conduct a highest and best use analysis for the 5.14 acre Tillman Redevelopment site in Memphis.  The purpose of the analysis was to assist the MHA in identifying uses for the property that further redevelopment efforts in the area and that will benefit the neighborhood. 

 

Cactus Lane Ranch Market Study, 4,000 Acres in Surprise, AZ – Suburban Land Reserve, Salt Lake City, Montana

This analysis encompassed several tasks, including analysis to identify the appropriate land use mix for the 4,000 acre property, a market positioning analysis focusing on a recommended mix of residential products within the project, and an absorption forecast that will assist in financial forecasting and phasing for the property. 

 

Assisted/Independent Living Center Market Study, Sierra Vista, Arizona – High Chaparral Health Care, Inc.

This feasibility study was commissioned to determine the market potential for development of an 88-unit assisted/independent living center in Sierra Vista, Arizona.  

 

Trade Area Analysis - Relocation and Expansion of Wal-Mart at 59th Avenue and Bell Road, Glendale, Arizona – City of Glendale

The purpose of this study was to evaluate the impact of the proposed relocation and expansion of a Wal-Mart from the southeast corner of 59th Avenue and Bell Road to the northeast corner of the intersection.  The relocation to the northeast corner will permit the expansion of the Wal-Mart from a conventional store to a Supercenter configuration of approximately 220,000 square feet in size.  The focus of this analysis was on (1) the potential impact of the Wal-Mart relocation on a new Supercenter at 83rd Avenue and Union Hills that is nearing completion and (2) the impact of the proposed Supercenter on businesses surrounding the 59th Avenue and Bell Road site.

 

Real Estate Market Analysis for LaveenTownCenter and LaveenVillage Core, Phoenix, AZ – prepared for LEADS and Snell and Wilmer

Elliott D. Pollack and Company was retained to provide a real estate market analysis for the LaveenTownCenter and Laveen Village Core.  The study evaluated existing general plans for the village, population and employment projections and other factors that may affect the future development of the area.  The analysis provided a recommendation on the mix of uses that are appropriate and marketable for the TownCenter site and the Village Core.

 

Commercial Supply/Demand Analysis – Mountainwood Master Planned Community, Gilbert, AZ

Elliott D. Pollack and Company was retained by Vanderbilt Farms to conduct a market demand analysis for a proposed 55-acre commercial site located in the Mountainwood master planned community at the southwest corner of Riggs and Higley Roads in Gilbert, Arizona.  This study evaluated the viability of and demand for additional commercial acreage for the site, taking into account population projections and competing commercial sites.

 

Market and Economic Analysis of Loop 101 Corridor Master Plan - Salt River Pima Maricopa Indian Community

Under an on-going contract, Elliott D. Pollack and Company is conducting a number of market and economic impact studies of the development of the Loop 101 Corridor within the Salt River Pima Maricopa Indian Community.

 

Commercial Feasibility Study of Areas Surrounding Prescott, Arizona – Yavapai-Prescott Indian Tribe
The purpose of this study was to evaluate the current and future demand for retail, office, and industrial uses in the area surrounding Prescott, Arizona.  This study focused on the retail land uses in YavapaiCounty and examined the unmet demand for various types of retail goods.

Market Study – Central City South Neighborhood (HUD HOPE VI Application), Phoenix, AZ

Elliott D. Pollack and Company was retained by Pena-Helm Enterprises to prepare a market analysis to accompany a revitalization plan and HUD HOPE VI application for the approximate 20-acre Matthew Henson public housing site and the surrounding sub-market defined as the Central City South neighborhood in Phoenix, Arizona.  The study assessed market conditions in the neighborhood and surrounding market area and made recommendations on the unit mix, unit type, income mix and project type (families and elderly) for the HUD HOPE VI project.

 

Outlook for the Custom Housing and Lot Market in the Shea and Northeast Pima Corridors – MCO Custom Properties

The purpose of this market analysis was to determine the supply and demand for high-end custom homes and lots within the Shea and Northeast Pima corridors, and evaluate the market share and pricing for MCO’s custom lot subdivisions (MCO is the original developer of Fountain Hills, Arizona).  The report included an overview of the status of the state and national economies, the outlook for the Greater Phoenix and NortheastValley housing market, and an evaluation of the current market conditions for high-end lots and homes. 

 

Analysis of the Impact of the Arizona Tourism and Sports Authority on Cactus League Facilities and Events Held at Bank One Ballpark - Maricopa County Stadium District

Elliott D. Pollack and Company was retained to evaluate the impact of the newly created Arizona Tourism and Sports Authority (TSA) on funding for Cactus League spring training facilities and the future use of Bank One Ballpark for non-baseball events. 

 

Market Assessment, GlendaleCityCenter Master Plan – City of Glendale, AZ

The purpose of this report was to provide a market assessment of the GlendaleCityCenter area that evaluated existing conditions and targeted future uses that are economically viable and beneficial to the study area.  The CityCenter area is three square miles in size surrounding the original townsite of the city at 59th Avenue and Glendale Avenue.

 

Housing Market Study - Salt River Pima Maricopa Indian Community

The purpose of this study was to evaluate the demand for a proposed apartment complex to be located on the Salt River Pima Maricopa Indian Community near ScottsdaleCommunity College.  The complex is intended to be a for-profit venture that will include a mix of market rate and affordable units that would serve both community members and students at SCC.

 

Targeted Market Study, Apache Junction, Arizona – City of Apache Junction

Elliott D. Pollack and Company was retained by the City of Apache Junction to conduct a Targeted Market Study to quantify the demand for home improvement centers, major discount retailers and hospitality facilities in the community.  The study methodology included telephone surveys of residents within the primary (Apache Junction area) and secondary (Gila and PinalCounties) market areas to obtain data on spending habits and how far residents were willing to drive to obtain certain goods and services.  The analysis resulted in an estimate of the spending potential within the trade area and the types of retail outlets that would be supported in Apache Junction. 

 

Retail Market Analysis for 10 Acres at the Southwest Corner of McQueen and Queen Creek Roads, Chandler, Arizona
This study examined the demand for retail uses that would be created by growth in the Southeast Chandler area and the impact on this 10 acre site.. 

Retail Market Analysis for 12 Acres at the Southwest Corner of McQueen and Riggs Roads, Chandler, Arizona
This analysis examined the potential for growth in the area immediately surrounding the 12-acre site and the demand that would be created for retail uses. 

Market Potential Study of Future Residential Developments in the Areas Surrounding
Prescott, Arizona
This study examined the market dynamics and forces affecting future residential developments in the trade area surrounding Prescott, Arizona.  In addition to evaluating the economic and demographic factors affecting the housing market in the Prescott area, current development trends were reviewed to identify the types of housing products that are likely to be demanded in the future. 

Commercial Feasibility Study of Areas Surrounding Prescott, Arizona
The purpose of this study was to evaluate the current and future demand for retail, office, and industrial uses in the area surrounding Prescott, Arizona.  This study focused on the retail uses in YavapaiCounty and examined the unmet demand for various types of retail goods.

Market Demand Study for an Apartment Community, Phoenix, AZ – Foundation for Senior
Living
The study evaluated the demand for a proposed low- and moderate-income housing complex (affordable tax credit) for senior and disabled citizens in Downtown Phoenix.  The report was part of an application to the Arizona Department of Commerce for designation of the project for federal tax credits.


Supply/Demand Analysis of IndustrialLand in the City of Mesa, Arizona

This study evaluated the supply of and future demand for industrial land within the City of Mesa, Arizona over the next 20 years. 

 

Housing Growth Forecast, Apache Junction, AZ - SuperstitionMountain CFD No. 1

This study developed a ten year growth forecast for the Superstition Mountain CFD based on the available land supply within its service area, historical housing permit and subdivision activity, and the competitive characteristics of Apache Junction.  Current housing and population projections were found to significantly understate the growth in Apache Junction that occurred within the past few years.

 

Demographic/Market Analysis Surrounding the Intersection of Signal Butte Road and U.S. 60

The purpose of this study was to evaluate the current and future population and housing characteristics of the market area surrounding the intersection of Signal Butte Road and the Superstition Freeway (U.S. 60) in Mesa, Arizona.  Multiple market areas were used to examine the demand potential for neighborhood and power center commercial development at the intersection.  The study evaluated the potential demand generated by new housing developments as far east as Gold Canyon Ranch.

 

Market Potential Study of Heritage District – Town of Gilbert, Arizona

In conjunction with Otwell Associates Architects of Prescott, this study evaluated the market potential of Gilbert’s Downtown Heritage District, formerly the community’s original townsite.  The analysis assessed the current target business clusters for the area and potential for additional retail development.  Included in the study was a leakage analysis outlining the loss of retail dollars to neighboring communities.  The study will be incorporated into the Town’s Redevelopment Plan for the Heritage District.

 

Analysis of Tax Abatement Proposal for Hayden Ferry, Tempe, Arizona – Benton Robb Development Company

This study analyzed a proposed tax abatement request for the Hayden Ferry hotel, office and retail development located adjacent to the TownLake site within Rio Salado in Downtown Tempe. 

 

Supply/Demand Analysis of Scottsdale/Paradise Valley Hotel Market – ORIX/TMK Scottsdale Venture

This analysis involved developing a short term forecast for the Scottsdale/Paradise Valley hotel sector, aimed at addressing the timing of recovery of the market.  Current occupancy levels have declined by more than 10% in the last few years to the 63% range at the end of 1999. The study projected a slowdown in construction of new hotel rooms and mediocre performance by the hotel market for the next five years. 

 

Housing Market Study, SouthMountain Neighborhood – City of Phoenix

The City of Phoenix retained this firm to evaluate the competitive supply of and demand for housing in the SouthMountain neighborhood and provide recommendations on the development potential of housing sites near 24th Street and Southern Avenue.

 

Tempe , Arizona Class A Office Study – Property Reserve, Inc.

Property Reserve, Inc. of Salt Lake City, Montana, retained the firm to study the Tempe, Arizona office market, with particular emphasis on Class A product.  The study found that the metro Phoenix office market was entering a period of overbuilding and softness in rents that would probably last for two to three years.  Elliott D. Pollack and Company recommended an approach and strategy for developing Property Reserve’s site in south Tempe.

 

Supply/Demand Analysis for Proposed Williams Centre Apartment Site, Tucson, AZ – Lincoln Property Company

This supply and demand study evaluated a proposed apartment site at Williams Centre in Central Tucson.

 

Supply/Demand Analysis for Proposed HaciendaDel Sol Apartment Site, Tucson, AZ – Lincoln Property Company

Thi s supply and demand study evaluated a proposed apartment site in the Foothills area of Tucson.


Market Feasibility of Proposed Multi-Family Housing Site Located at Central and West Minnezona Avenues, Phoenix, Arizona – Picerne Development

This study analyzed population and employment characteristics within the competitive market area surrounding the site and the demand for luxury apartment units.  The results of the study show sufficient depth in the marketplace to support the proposed project concept.

 

Market Feasibility and Fiscal Impact Analysis for Del Rio Golf Course, Phoenix, AZ – Rio Salado Sports Group

The purpose of this study was to evaluate the supply and demand issues affecting the proposed Del Rio Golf Course site in South Phoenix for associated hotel and industrial uses.

 

Deer Valley Airport Area Industrial Market Study – Cavan Investments

This report evaluated the demand for industrial space in the DeerValleyAirport area of north Phoenix over the next five years.

 

Scottsdale Airport Area Office Market Study  – Cavan Investments

This report evaluated the demand for office space in the ScottsdaleAirport area through the year 2002.  A significant finding of the study is that traditional office tenants are exploring the leasing of less expensive workplace environments.  As a result, “back office” industrial buildings are becoming increasingly popular alternatives to the traditional class A office building.

 

Analysis of Ahwatukee/Foothills Area Retail Development, Phoenix, AZ Del Webb Corporation

This analysis conducted for Del Webb Corporation evaluated historical commercial development in the study area and projected future demand for five years into the future.

 

Retail Market Analysis for Foothills Club West, Phoenix, AZ – UDC Homes

As part of a request to revise the master plan for Foothills Club West, Elliott D. Pollack and Company evaluated the supply of and demand for retail uses in the community and surrounding properties.

 

Economic and Market Analysis for Horseman’s Park, Scottsdale, Arizona

This study looked at the economic and market conditions that affected the master planning and development of a 320 acre site in north Scottsdale.

 

Analysis of Issues Related to Proposed Galleria Palms Luxury Rental Community, Tempe, Arizona  - Picerne Development

Research conducted to support the rezoning of an apartment site including analysis of Police Department crime statistics.

 

Analysis of City of Chandler Apartment Submarket - Evans Withycombe

Analysis of the demand for apartment units in west Chandler in support of rezoning of an apartment site.

 

Market Evaluation of Proposed Mark Taylor Apartment Project in the Kierland Master Planned Community, Phoenix, Arizona - Lincoln National Investment Management, Fort Wayne, Indiana

Extensive market analysis was undertaken to determine the demand for a luxury apartment project in the northeast Phoenix/north Scottsdale area.

 

Feasibility Analysis of Estrella and Hidden Valley Master-Planned Communities, Goodyear, Arizona

This study, commissioned by a potential purchaser of the property, evaluated the feasibility of purchasing and further developing the project.  The study required extensive review of Lincoln Savings files, master plans, engineering documents, construction estimates, and development agreements.

 

Feasibility Analysis of Rose Garden Trails, Arizona State Land Department

The Arizona State Land Department hired Elliott D. Pollack and Company to evaluate the economic feasibility of this 127 acre site located in the DeerValley area of Phoenix.  The project involved the evaluation of the approved development plan, the competitive real estate market, and other factors affecting marketing and disposition of the property.

 

Feasibility Analysis of the Stetson Hills Project, Arizona State Land Department

The Arizona State Land Department hired Elliott D. Pollack and Company to evaluate the economic feasibility of this 2,200 acre master planned project in North Phoenix.  The project involved evaluation of the master plan, the competitive real estate market and phasing of improvements.  The Company recommended methods for marketing and disposition of one of the largest projects in the Department's portfolio.

 

Projections of Real Estate Market Recovery - Maricopa and PimaCounties

The Company undertook a comprehensive analysis of all sectors to the MaricopaCounty and PimaCounty real estate markets to determine the expected timing of correction based on historical and projected growth patterns.  The study also included evaluation of approximately 80 real estate assets to recommend strategies for maximizing the portfolio value and timing of disposition.

 

Financial Feasibility of Acquisition of 100,000 Square Foot Office Building

This study assessed the feasibility of acquisition of the office building based on existing market conditions and absorption rates, current and projected lease rates, and expected timing of recovery of the office subsector.  Recommendations were provided on the terms of acquisition, leasing rates and terms, and marketing strategies.

 

City of PhoenixInfrastructureFinancingPlanAnalysisArizonaStateLand Development

Elliott D. Pollack and Company has been retained by the Arizona State Land Department to review and analyze the City of Phoenix impact fee methodology and to address certain concerns with the imposition of those fees on StateLand property.  As part of this analysis, the firm has reviewed documentation from the City on the development of the impact fees, including the review of several specific infrastructure financing plans for various parts of the City.  This report is a summary of the initial findings and conclusions of our analysis. 


Targeted MarketStudyCity of Apache Junction, Arizona

Elliott D. Pollack and Company has been retained to conduct a Targeted Market Study for the City of Apache Junction to quantify the demand for home improvement centers, major discount retailers and hospitality facilities in the community. The City is well positioned along U.S. 60 to take advantage of the growing local population as well as those areas to the east where population density may not warrant large scale retail development.  As the Greater Phoenix area continues to expand outward, growth is expected to continue eastward into PinalCounty.  This study methodology is designed to answer the questions about the types of goods and services demanded by Pinal and GilaCounty residents and how far they are willing to drive to obtain those goods and services.

Retail Market Area Analysis For Lake Pleasant TowneCenter

The purpose of this study was to evaluate the potential fiscal impact of the proposed LakePleasantTowneCenter on the City of Peoria.  The retail center is proposed for the northwest corner of Happy Valley Road and Lake Pleasant Parkway and consists of approximately 600,000 square feet of retail space on 70 acres of land.

 

Industrial Land Supply/Demand Analysis for City of Casa Grande, Arizona

Elliott D. Pollack and Company was retained to analyze the relationship between the supply of and demand for industrial land for the City of Case Grande.  This report will provide recommendations on the amount of industrial property appropriate for the City of Casa Grande. The fiscal impact of industrially zoned land and the most historically appropriate general locations for Industrial property will also be addressed.

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