Staying Flexible in an Unstable Market
LGE Expands Services in Response to Market Conditions and Client Needs.
Phoenix, AZ, March 26, 2009 --(PR.com)-- In today’s economy, old business models do not work. Companies that continue to succeed are those that can redefine their business model in order to find new revenue channels available in this stale market.
LGE Design Build, Arizona's top Build to Suit firm, is one such company that has been around and knows how to be flexible in fluctuating markets. Given the current economy and the state of what was once considered a high growth market in Arizona, the commercial real estate market as a whole has slowed. Everyone has experienced depleting demand and the high supply of unoccupied space which, combined with defaulting loans, has made new construction rare.
To stay afloat companies cannot complain – they must adapt. LGE continues to lead the charge in defining what commercial real estate companies are capable of by expanding its large list of services to handle the current conditions.
“With the value and availability of existing property, it makes sense that our clients are looking to this surplus to fill their need for new space,” said David E. Sellers, President of LGE. “We are happy to be able to fulfill our clients’ specific needs regardless if it involves designing new property or improving existing ones. While we have had success over the past 15 years, we must continue to stay lean and readjust based on the market and our clients’ goals.”
As an adjustment in strategy, LGE has begun focusing more on tenant improvements as well as offering clients the ability to remodel existing property. While remodels are somewhat of a new offering, LGE has been a part of tenant improvements for years, completing hundreds of these projects in numerous sectors including retail, medical and office space.
Besides offering these services, LGE is also branching into new industries, providing design-build services in hospitality and independent living facilities.
“It is important to note that while we are focusing on alternative services, we are not losing sight of our approach of guiding our clients through the entire process, from design to completion,” said Sellers.
All of LGE’s offerings are designed to help clients get into the commercial real estate of their choice and they continue to work to accomplish this feat, something they have been doing for 15 years.
Celebrating a decade and a half in the business, LGE has seen both the highs of Arizona’s expansion and the lows of today’s slumping market. Since their birth in 1994, LGE has overseen the entire process from design to construction of 850 buildings totaling more than 17 million square feet, further than the distance from one coast of the continental US to the other.
Most recently, and despite the slowing economy, LGE remained stable in 2008, completing 31 projects representing 1,141,287 square feet valued at over $147 million. They were also able to sign and/or break ground on 27 more projects across the valley.
Due to this continued success and as a testament to their quality of work, LGE was recently awarded general contractor of the year and the industrial build-to-suit property of the year by the Arizona chapter of the National Association of Industrial and Office Properties, a commercial real estate development association.
About LGE Design Build
LGE Design Build is Arizona's top Build to Suit firm and an exclusive build contractor and development firm. From original concepts to architecture and all the details involved to move from construction to completion, LGE makes sure their clients achieve the highest in quality and functionality. With completed projects ranging from 3,700 to nearly 500,000 square feet, LGE is the valley's premier design-build contractor for businesses of any size. For more information, please visit www.lgedesignbuild.com.
###
LGE Design Build, Arizona's top Build to Suit firm, is one such company that has been around and knows how to be flexible in fluctuating markets. Given the current economy and the state of what was once considered a high growth market in Arizona, the commercial real estate market as a whole has slowed. Everyone has experienced depleting demand and the high supply of unoccupied space which, combined with defaulting loans, has made new construction rare.
To stay afloat companies cannot complain – they must adapt. LGE continues to lead the charge in defining what commercial real estate companies are capable of by expanding its large list of services to handle the current conditions.
“With the value and availability of existing property, it makes sense that our clients are looking to this surplus to fill their need for new space,” said David E. Sellers, President of LGE. “We are happy to be able to fulfill our clients’ specific needs regardless if it involves designing new property or improving existing ones. While we have had success over the past 15 years, we must continue to stay lean and readjust based on the market and our clients’ goals.”
As an adjustment in strategy, LGE has begun focusing more on tenant improvements as well as offering clients the ability to remodel existing property. While remodels are somewhat of a new offering, LGE has been a part of tenant improvements for years, completing hundreds of these projects in numerous sectors including retail, medical and office space.
Besides offering these services, LGE is also branching into new industries, providing design-build services in hospitality and independent living facilities.
“It is important to note that while we are focusing on alternative services, we are not losing sight of our approach of guiding our clients through the entire process, from design to completion,” said Sellers.
All of LGE’s offerings are designed to help clients get into the commercial real estate of their choice and they continue to work to accomplish this feat, something they have been doing for 15 years.
Celebrating a decade and a half in the business, LGE has seen both the highs of Arizona’s expansion and the lows of today’s slumping market. Since their birth in 1994, LGE has overseen the entire process from design to construction of 850 buildings totaling more than 17 million square feet, further than the distance from one coast of the continental US to the other.
Most recently, and despite the slowing economy, LGE remained stable in 2008, completing 31 projects representing 1,141,287 square feet valued at over $147 million. They were also able to sign and/or break ground on 27 more projects across the valley.
Due to this continued success and as a testament to their quality of work, LGE was recently awarded general contractor of the year and the industrial build-to-suit property of the year by the Arizona chapter of the National Association of Industrial and Office Properties, a commercial real estate development association.
About LGE Design Build
LGE Design Build is Arizona's top Build to Suit firm and an exclusive build contractor and development firm. From original concepts to architecture and all the details involved to move from construction to completion, LGE makes sure their clients achieve the highest in quality and functionality. With completed projects ranging from 3,700 to nearly 500,000 square feet, LGE is the valley's premier design-build contractor for businesses of any size. For more information, please visit www.lgedesignbuild.com.
###
Contact
LGE Design Build
Will Hayes
480.682.6721
www.lgedesignbuild.com
Will Hayes
480.682.6721
www.lgedesignbuild.com
Contact
Categories