According to local businessman Richard Biegel, owner of Colorado place, Cebu has successfully assisted in the development of more than 150 ambulatory-outpatient center in becoming accredited, certified and licensed.
has signed a 10year lease with Colorado Place
with two five-year options for renewal for 6,000 square feet in the Colorado Place
building on Miracle mile.
Terms of the lease were not disclosed.
said the Surgery Center is expected to open in spring, 2008 and will employ 15 skilled health-care professionals.
said the partnership between Cebu
and local physician-users will allow surgeons the opportunity to concentrate on their daily duties while enabling Cebu's
experienced team to develop the ambulatory business required to be economically sound.
Another commercial developer, Richard Biegel, who owned property in Bullhead City and who, over the years, has been active in many area projects, concurs.
We've taken Colorado Place
from an occupancy level of less than 15 percent to more than 85 percent - all within the past 18 months.
Biegel's Colorado Place
commercial development is an imposing, block-long, twin-building complex encompassing more than 100,000 square feet right in the heart of the city central commercial core.
started marketing the facility in 2008 just, as the nation's real estate markets were beginning to melt down and he
success to two key factors.
believes that Bullhead City's commercial core has shown tremendous resilience reflected in the fact that overall, the occupancy levels have been impressive.
project (Colorado Place) is located in the center of the downtown commercial core with the Riverview Mall and Safeway store to the north and Wal-Mart
and the large Mohave crossing retail mall to the south.
"It seems that even in the tough economy, great central location always thrice," said Biegel
When asked about rental rate, Biegel
acknowledged that, "We are down about between 15-20 percent.
I'm sure it's due to the strength of our location within the marked, and the high quality of Colorado Place
Bullhead City, according to Biegel
and the other regional commercial businessmen and women, is also faring better than its larger neighbors in holding rental rates.
said that most experts believe that within the next nine months, vacancy rates in the central business district will be less than 5 percent and rents will slowly start climbing back to the peak level of late 2007.
According to Biegel
, the only thing that could create a problem in the area would be the construction of speculative new commercial projects in the near future "and given what happened with our nation's lending institutions, the chance of that happening is 'less than zero," he
Richard Biegel, MRED University of Southern California, developer/owner of Colorado Place is a board member of the Bullhead Regional Economic Development Authority, an active member of Rotary, has been involved in the development or redevelopment of over 1,000,000 square feet of office and retail space, over 45,000 acres of land, and underwrote over $1 billion in real estate assets for the real estate investment banking affiliates of G.E Capital and Meryl Lynch.
Said Richard Biegel, project director for Arizona partners.
has the same Zest for outdoors as he
does for business
BULLHEAD CITY - Most people know Richard Biegel
as the entrepreneur who is turning Colorado Place
into an active part of the business community by filling its many vacant store-fronts with new businesses.
spoke enthusiastically about it when he
talked about his
, a specialist in building ambulatory surgery centers, is about to open a facility in Colorado Place
The company is planning a 5,000-sware foot outpatient surgery center and is looking to the local medical community to help it get off the ground.
"My understanding is that it is one of the most profitable portions of the hospital," Biegel
"Surgeons like to invest in them because they understand them."
But, it isn't just Colorado Place
that keeps him going.
company, Biegel & co, LLC
, has developed more than 1,000,000 square feet of office space and more than 45,000 acres of land, mostly in the Southwest.
When you meet Biegel
, who maintains homes in Durango, Colo., and Bullhead City.
It's a little surprising he
manages to get all the things done in a day that he
uses the latest technology; He
takes a laptop and his
latest high-tech acquisition, and iPhone, with him nearly everywhere and takes advantage of wireless Internet technology.
But, it isn't that he
can accomplish so much in the business world that is surprising.
It is how much he
does in the work of outdoor recreation that catches you off guard.
is one the people who helps pump millions of dollars into the economy through outdoor sports.
When asked what outdoor sports he
participates in he
rattles off a long list.
"Mountain biking, running, rock climbing, cross country skiing, downhill skiing, hunting, fly fishing, I race triathlons, oh, and paintball," Biegel
readily admits that his
No. 1 love is just being outdoors, but he's
rather be fishing than anything else.
father on a fishing trip to Alaska earlier this year and just returned from another fishing trip.
"Just a week ago I went up to see a friend in Durango.
We went to Highland Mary Lakes and went fishing for brook trout," Biegel
"There's something magical in the combination of the right presentation and the right spot and the right fly."
said hunting ranks right behind fishing in his
"Second behind that is archery hunting whitetail in the Midwest," Biegel
We moved back there for a while when I was young," Biegel
tries to get out and run every day and mountain bikes whenever he
gets a chance.
"There's nothing like finishing a grueling technical climb," Biegel
"You do this grueling technical mountain bike climb and you get up to the apex of some deer or elk trail and then you just fly,"
But, like everything else he
says the enjoyment of the ride downhill only comes because of the effort required to make it to the top of the hill.
"The value of a diamonds comes from the work required to get it," Biegel
Biegel, who graduated from Arizona state with a degree in real estate and got a masters degree in real estate development at the University of Southern California, is busier than ever these days, Aside from business and recreation he has a daughter, Danielle, at Fort Lewis College majoring in journalism and a son, Brendon, majoring in entrepreneurship at the University of Arizona.
Getting to know Biegel
leaves you with one big question - hose does he
do everything he
"I don't get much sleep," Biegel
"You only get one shot at life.
There's no practice round."
To find out more about Biegel's
developments visit his
web site at: www.biegelco.com
LLC, Richard Biegel
"The office condo concept is so new to people here they were always asking about lease space," Biegel
We had a lot of people interested in space and then we got approached by Shea Commercial, They wanted to buy the whole thing," Biegel
, who is spearheading the project for California-based BG Development Corp.
, said Sportsplex application to the city for rezoning the downtown site has been withdrawn because the project has expanded, not fallen through.
said the cinema now can be built to specifications instead of being sandwiched into the existing building.
Use for the fourth level of the existing building is now "unidentified," Biegel
said, but "we are looking at offices for the top floor, including possible a sports-medicine clinic."
said the change prompted by the theater relocation requires that a new set of plans be drown and submitted to the city.
doesn't have the specific date for accomplishing that.
Meanwhile, Sportsplex has obtained a signed letter of intent from a tenant that will use up 80,000 square feet, virtually all the available street level space, Biegel
would not identify the space-holder until the contract was finalized but said it will include elements from all major professional and college teams and individual sports.
said the tenant wants to be open in time for Super Bowl XXX in January 1996.