Tucson ranks among hottest rental markets in nation

INSIDE TUCSON BUSINESS.COM a 36-space manufactured housing community. Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

Hedgehog, LLC purchased 8th Street Apartments, a 3,286 square foot multifamily investment property located at 837 S. 8th Avenue in Tucson. The 4 unit apartment complex was purchased om 837 8th Ave LLC for $725,000. Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction. Michael Bennett and Larry Burr with Atlas AZ, LLC, represented the buyer.

Jaguar Electric, L.L.C. purchased 3,080 square feet of office/retail space at 2540 E. 22nd Street in Tucson, om Soka Gakkai International - USA for $300,000. Rob Tomlinson, Principal, Retail Specialist, and Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. Patricia Martin and Patrick Teske, with Tierra Antigua Realty, represented the buyer.

WB Real Estate, LLC, purchased a 7.10-acre land parcel located at 5050 E. Valencia Rd. in Tucson, om Jet King Shing Ho for $775,000. Greg Furrier and Paul Hooker, Principals with Cushman & Wakefield | PICOR, represented the seller in this transaction. Bonnie Arlia and Darren Pitts, with Velocity Retail Group, Phoenix, represented the buyer.

Backyard Pool Plastering Service & Repair, LLC, purchased 3.20 acres of industrial land located in Swan Industrial Park, 4630 E. Eco Industrial Pl. in Tucson. The vacant land parcel was purchased om Swan Industrial, LLC, and Kazolt, LLC, for $99,500. Paul Hooker, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. Pat Welchert, with Alpha Commercial Real Estate Services, represented the buyer.

Leases

United Re igeration, Inc., leased 16,520 square feet of industrial space om GS Eternal, LLC-Series C, located at 2125 E. Beverly Dr. in Tucson. Paul Hooker, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Tim Healy, with CBRE, Tucson, represented the tenant.

CJ 5 Enterprises, LLC, leased 10,600 square feet of industrial space om 6363 S Country Club, LLC, located at 6363 S. Country Club Rd., Suite 151 in Tucson. Paul Hooker, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

Lechner Construction, Inc. leased 2,400 square feet of industrial space at Exchange Place, 1870 W. Prince Road, Suite 59/60 in Tucson, om Pegasus Tucson Owner LLC. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant.

Optimal Wireless, LLC leased 2,034 square feet of retail space at Kino Gateway Shopping Center, 2091 E. Irvington Road, Suite 129 in Tucson, om Kino Gateway Center, LLC. Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

Liberty Partnership Community Council leased 2,022 square feet of industrial space om ABP, LLC, located in the Airport Business Park, 3191 E. Valencia Rd., Suite 111 in Tucson. Paul Hooker, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Michael Coretz, with Commercial Real Estate Group of Tucson, represented the tenant.

Project H.O.M.E. leased 1,826 square feet of office space, located at 3822 E. 5th Street in Tucson, om J Rigg LLC & MB Consulting Services LLC. Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

Faircloth Construction, LLC leased 1,067 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd, Suite 104 in Tucson, om Pegasus Tucson Owner LLC. Paul Hooker, Principal, and Andrew Keim, Industrial Specialists, with Cushman & Wakefield | PICOR, represented the landlord in this transaction. ITB

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TU-0008571045V01. CUSTOMER REPID: :RV CITY Richard Hatcher PROOFTIME NEXTRUN: 6/28/2016 07/03/16 INDD5:33 PM DESIGNER BPBROWN SIZE: 3 5 TU-0008571045V01. CUSTOMER REPID: :RV CITY Richard Hatcher PROOFTIME NEXTRUN: 6/28/2016 07/03/16 5:33 PM INDD DESIGNER BPBROWN SIZE: 3 5 TU-0008571045V01. INDD

New 2022 Jayco Seneca 37’ Diesel Class Super C Motorhome. 37K Cummings ISB 6.7- 360HP Engine Allison Transmission, Freightliner Chassis, High End Unit- Beautiful New Exterior Paint! Test Drive Time! Just Arrived- Call For Price! 2010 Damon Daybreak 35’ Class A Motorhome-Bunkhouse Model, 3 slides, 2- a/c’s, Sleeps 7 Ford Triton V-10 gas engine, Hugh Master- See the USA in Style! Sale Price: $57,750* New 2022 Jayco Micro Jay Feather 16’ Travel Trailer- 166FSB-Sleeps 3 1 slide, Enclosed Glacier Pkg. Underbelly GVWR: 4,995 lbs. Sofa & Bed ++ Lightweight Trailer with all the Fixins! Sale Price: $39,975*

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New 2022 Gulfstream Vista Cruiser 23’ (520) 456-9292 (I-10, Exit 302) 2095 North Highway 90 Huachuca City, AZ 85616 www.rvcity.net Top $ for Trades • Low Interest rates • No City Sales Tax Tax Deductible Interest! *plus tax, title, prep and doc fee of $349 New Jayco 37’ Seneca Class C Motorhome This one is the Humvee of RV’s. Cummins Diesel Engine. Freightliner M2-106 Chassis, 2 bathrooms. Tons of extras! Pure Luxury! New Jayco 24’ Melbourne Class C Motorhome Did I say Mercedes? Mercedes 3500 Engine V6 Turbo. Keyless entry, backup camera, generator + + + See the USA in Mercedes Quality! (520) 456-9292 (I-10, Exit 302) 2095 North Highway 90 Huachuca City, AZ 85616 www.rvcity.net Top $ for Trades • Low Interest rates • No City Sales Tax Tax Deductible Interest! *plus tax, title, prep and doc fee of $349 New Jayco 37’ Seneca Class C Motorhome This one is the Humvee of RV’s. Cummins Diesel Engine. Freightliner M2-106 Chassis, 2 bathrooms. Tons of extras! Pure Luxury! New Jayco 24’ Melbourne Class C Motorhome Did I say Mercedes? Mercedes 3500 Engine V6 Turbo. Keyless entry, backup camera, generator + + + See the USA in Mercedes Quality! (520) 456-9292 (I-10, Exit 302) 2095 North Highway 90 Huachuca City, AZ 85616 www.rvcity.net Top $ for Trades • Low Interest rates • No City Sales Tax Tax Deductible Interest! *plus tax, title, prep and doc fee of $349 New Jayco 37’ Seneca Class C Motorhome This one is the Humvee of RV’s. Cummins Diesel Engine. Freightliner M2-106 Chassis, 2 bathrooms. Tons of extras! Pure Luxury! New Jayco 24’ Melbourne Class C Motorhome Did I say Mercedes? Mercedes 3500 Engine V6 Turbo. Keyless entry, backup camera, generator + + + See the USA in Mercedes Quality! (520) 456-9292 (I-10, Exit 302) 2095 North Highway 90 Huachuca City, AZ 85616 www.rvcity.net Top $ for Trades • Low Interest rates • No City Sales Tax Tax Deductible Interest! *plus tax, title, prep and doc fee of $349 New Jayco 37’ Seneca Class C Motorhome This one is the Humvee of RV’s. Cummins Diesel Engine. Freightliner M2-106 Chassis, 2 bathrooms. Tons of extras! Pure Luxury! New Jayco 24’ Melbourne Class C Motorhome Did I say Mercedes? Mercedes 3500 Engine V6 Turbo. Keyless entry, backup camera, generator + + + See the USA in Mercedes Quality! (520) 456-9292 (I-10, Exit 302) 2095 North Highway 90 Huachuca City, AZ 85616 www.rvcity.net Top $ for Trades • Low Interest rates • No City Sales Tax Tax Deductible Interest! *plus tax, title, prep and doc fee of $349 New Jayco 37’ Seneca Class C Motorhome This one is the Humvee of RV’s. Cummins Diesel Engine. Freightliner M2-106 Chassis, 2 bathrooms. Tons of extras! Pure Luxury! New Jayco 24’ Melbourne Class C Motorhome Did I say Mercedes? Mercedes 3500 Engine V6 Turbo. Keyless entry, backup camera, generator + + + See the USA in Mercedes Quality! Jayco is the only manufacturer with a 2 year warranty “Over 21 years of A+ BBB Accreditation” Travel Trailer- 1 slide, Sleeps 4, Rear Dinette Jacknife sofa and walk around Queen bed UVW: 3,870 lbs. Plus other extra’s. Sale Price: $42,750* *Plus tax, title, prep, & doc fee of $349

New 2021 Jayco Eagle 29’ 5th Wheel, Bunkhouse Model 2 slides, 2 a/c’s, Fireplace Sleeps 10, Outside kitchen, Luxury pkg. Over $10,000 off of MSRP! Sale Price: $56,899* 1998 Fleetwood Terry 27’ 5th Wheel- 1 slide, sleeps 4 Rear kitchen, Lots of Storage Inside & outside- Makes for A Really Nice Home! Sale Price: $14,750*

DEC 17, 2021 INSIDE TUCSON BUSINESS.COM

Searching for solutions to the global supply chain crisis

Brock M. Blasdell

Cronkite News

It’s the holiday season, but not everyone is merry and bright. That’s because holiday shoppers are paying higher prices and seeing a few more empty shelves this year thanks to a “global supply chain crisis”—a phrase that’s become all-too-familiar at dinner conversations.

And as Americans continue to face empty shelves and rising prices as 2021 draws to a close, experts are looking at causes and potential solutions.

COVID-19 was the catalyst for this widespread series of supply bottlenecks, but these constrictions have affected nearly every sector of the economy—from shipping and trucking to manufacturing and storage.

And, most of all, it’s a problem that affects everyday consumers, such as Becky Andrews, a central Phoenix shopper.

“Overall, the prices have jumped,” she said. “I came to get (an item) and it was $3 more than what it was before, and I just didn’t get it. So, I think, this is going to hit a lot of families.”

THE UNDERLYING ISSUES

Two of America’s largest seaports, the Port of Los Angeles and the adjacent Port of Long Beach, are experiencing delays in shipping, but that’s not the only issue. Some experts say the delays in these two Western ports might be indicative of a logistics system rapidly pushing to correct itself.

According to Zachary Rogers, who holds a Ph.D. in supply chain management and is the assistant professor of operations and supply chain management at Colorado State University, the two major factors behind the clogged ports are a record increase in consumer spending and a burgeoning e-commerce industry.

“We’re not actually seeing that supply chains are failing,” Rogers said in a November lecture at Arizona State University. “I think, in many ways, we are seeing sort of a heroic effort in the face of this unprecedented demand that we are dealing with right now.

“Partly we’re dealing with this demand because we are trying to catch up from a hole we got in, and partly because Americans have a lot of money in their pockets right now. … People aren’t going on trips, they aren’t going places, they are spending all their money on goods.”

With more cargo container ships than ever sailing into American ports to feed this demand, the U.S. needs more infrastructure to load and unload cargo, more space to store products, more trucks and trains to transport goods across the country, and more factories.

Bolstering each of these processes presents its own issues: loading and unloading cargo requires both machinery and workers, and more storage space requires investment in land adjacent to shipping and e-commerce centers. Truckers are in short supply, fuel costs are rising, and a semiconductor shortage is stalling the production of new trucks. Moreover, manufacturing, an industry that favors efficiency over flexibility, according to Rogers, faces delays because of oversea factory shutdowns related to COVID-19.

“Really, there is a series of issues we are having,” he said. “First is, much of the capacity in Asia right now isn’t online. … They are shutting down factories in China, Vietnam and all over the place.

“Boats can’t get in. … We don’t have enough containers. … A lot of them are stuck on the chassis that we use to move containers across the docks. And one of the reasons we don’t have enough chassis is because we don’t have enough warehouse space. … We don’t have any space in the warehouses because we can’t move the stuff out.”

These bottlenecks in the supply chain have created one of the largest price increases to consumer products seen since 1990—a 6.2% increase over the past 12 months for all goods, according to the Bureau of Labor Statistics’s October consumer price index.

Dependency on foreign exports seems to be a repeated issue of concern among experts dealing with the supply chain crisis.