Commercial Real Estate & Business News April 30, 2019
Public, Private Development Ramping up Around Desert Ridge Miles of empty desert land in north Phoenix near Desert Ridge Marketplace could be Phoenix’s next hotspot for development, panelists at a Friday forum hosted by Valley Partnership said.In January, 5,700 acres of state land near the mall came back into play after U.S. Bankruptcy Court issued a […]
Commercial Real Estate & Business News April 29, 2019
Spec Development Set to Break Ground in Phoenix Opportunity Zone A joint venture between Conor Commercial Real Estate and Globe Corp. has assembled three parcels in the Airport submarket for a new speculative industrial build. While the land site would have made an attractive development prospect regardless, the Airport submarket is an opportunity zone, which made […]
Commercial Real Estate & Business News April 26, 2019
Opportunity Zone Regulations Throw Open Tax Benefits to New Group of Property Owners A new round of opportunity zone regulations, already a boon to property buyers seeking tax breaks, could be profitable as well for owners and tenants leasing properties in low-income areas.Before the Internal Revenue Service issued the new rules last week, the tax benefits […]
Commercial Real Estate & Business News April 25, 2019
When Office Buildings Go Beyond Green Developers and landlords have for decades sought green certification to help them attain a level of sustainability that can make their buildings more efficient, and cheaper, to maintain in the long run.In turn, the buildings can fetch premium rents and achieve higher occupancy rates.But as the industry for independent review […]
Commercial Real Estate & Business News April 24, 2019
Bank Branch Closures Are Increasing, But Alternative Tenants May Take Over Vacated Spaces Healthcare clinics and co-working facilities may soon find new homes in closed bank branches.Bank branch inventory in the U.S. has decreased by about two percent each year over the past two years, according to real estate services firm JLL. From 2016 to 2018, […]
Commercial Real Estate & Business News April 23, 2019
Low Interest Rates, High Demand from Users Boost Hotel Sales Volume Brokers are busy again with the sales of hotel properties, after a slow winter with relatively few transactions.”Investor appetite continues to be very strong for hotels,” says Kevin Mallory, global head of CBRE Hotels. “That’s a surprise.”Low interest rates may be luring buyers and sellers […]