Commercial Real Estate & Business News September 7, 2018
State’s Largest Health System Looks to Hire 1,500 in Metro Phoenix Banner Health wants to fill 1,500 positions at its facilities throughout the metro Phoenix area. The hiring surge comes at a time when hospitals in Arizona and nationwide are experiencing a nursing shortage. “The labor market is really tight right now because the economy […]
Commercial Real Estate & Business News September 6, 2018
Arizona’s Economy Growing at Fastest Pace Since 2007 Arizona’s economy is growing at a rate not seen in 11 years, according to a reportfrom the Bank of Montreal. The BMO Capital Markets Economics State Monitor report finds Arizona’s economy advanced 4.2 percent year over year during the first three months of 2018. That was the […]
Commercial Real Estate & Business News September 5, 2018
Early Navigation of Opportunity Zone Waters Leaves Many Questions Opportunity Zones provide investors a new method to defer or eliminate tax on gains that is more flexible than Section 1031 exchanges. While I.R.C. §1031 like-kind exchanges now only permit delaying capital gains recognition for real estate investments, the 2017 Tax Cuts and Jobs Act created […]
Commercial Real Estate & Business News September 4, 2018
Report: Arizona economy growing at fastest pace since 2007 Arizona’s economy is growing at the fastest pace in more than 11 years, according to a report that foresees more of the same ahead. “The state averaged 3.2 percent real (gross domestic product) growth last year, and 2018 should do even better,” said BMO Capital Markets […]
Commercial Real Estate & Business News September 3, 2018
Worldwide Appetite for Data Centers Keeps Growing CHICAGO-Although political or economic troubles agitate many regions of the world, an unquenchable demand from cloud providers helped the global data center industry expand by a remarkable amount in the first half of 2018, according to JLL’s latest Data Center Outlook. The Chicago-based company’s analysis reveals that the […]
Commercial Real Estate & Business News August 31, 2018
Bank Commercial Property Loan Distress Recedes as Lending Climbs Despite talk of peaking property prices and declining yields as the economic recovery enters its 11th year, it is hard to find signs of commercial real estate weakness in the quarterly banking data released over the past week. The total amount of commercial real estate loans […]