Commercial Real Estate & Business News June 26, 2018
San Tan Valley Golf Course to Become $80M Commercial, Residential Development A San Tan Valley golf course will soon make way for a master-planned community, which plans to bring restaurant and retail choices that have been desired by residents to the far southeast Valley. Fortis Development and Queen Creek XVIII will create the Ironwood District […]
Commercial Real Estate & Business News June 25, 2018
Supreme Court: States Can Require Online Retailers to Collect Sales Tax The U.S. Supreme Court has handed down its long-awaited decision regarding online sales tax collection – and digital-only retailers are not on the winning side. In a 5-to-4 ruling in the South Dakota vs. Wayfair case, the court ruled that Internet retailers can be […]
Commercial Real Estate & Business News June 22, 2018
How the Supreme Court E-Commerce and Sales Tax Ruling Could Affect Arizona Brick-and-Mortar Retailers The U.S. Supreme Court ruled Thursday on what some people are calling a huge win for brick-and-mortar retailers that could help level the playing field against online retailers. In a 5-4 ruling, the land’s highest court overturned a landmark precedent in the e-commerce […]
Commercial Real Estate & Business News June 21, 2018
Developers Plan $60M Cooley Station Project in Gilbert When Norman Brody, president of Brody Associates Inc., moved to the Phoenix area last year from South Carolina – where he completed a mixed-use project with medical, retail and restaurants, hotel and residential – he started looking for ways to develop a similar project here.…» Pension Funds […]
Commercial Real Estate & Business News June 20, 2018
Banks Get More Generous with Construction Loans for New Apartments It’s getting a little easier to find a construction loan to build a new apartment property, compared to the end of 2017. “Banks are getting more aggressive,” says David Webb, vice chairman of debt and structured finance with CBRE Capital Markets, based in Washington, D.C. […]
Commercial Real Estate & Business News June 19, 2018
Rent-A-Center Accepts $1.4 Billion Take-Private Buyout Offer Rent-to-own giant Rent-A-Center Inc. has agreed to a merger deal with Vintage Rodeo Parent LLC, an affiliate of private and public equity investor Vintage Capital Management, to acquire outstanding shares of Rent-A-Center common stock for $15 per share in a deal valued at $1.365 billion, including the company’s […]