| Phoenix Office Absorption Hits 10-year high According to JLL’s Q1 Phoenix Office Market Report, metro Phoenix has absorbed more than 1 million square feet of office space since the first of the year – a quarterly high not seen in over 10 years. This is already massively ahead of 2018, which though a notable year for local office space recorded 1.7 million square feet in total absorption for the full…» |
| Why Opportunity Zone Projects Need to Develop Best Practices Opportunity zone investors should develop an industry-adopted set of best practices. There is a frenzy around the new investment model-which provides an exemption for capital gains tax in exchange for investing in neglected communities-but investors need to remember the social impact component of the legislation. These best practices include job…» |
| Tempe Retail Trades at High Price per SF of $511 Situated on the northeast corner of McClintock Drive and Apache Boulevard, the 1,400 square foot, freestanding building closed for $715,000, or $511 per square foot. 1800 East Apache Boulevard sits on approximately 0.39 acres of land and there is redevelopment potential using the existing CSS zoning. Sitting adjacent to a light rail stop makes for…» |
| Developer of Luxury ‘Live/Work’ Community in North Scottsdale to Add More Homes The developer of the first live/work community in north Scottsdale has seen such a positive reaction to the initial phase of her high-end project that she’s embarking on the second phase of construction.Total development costs for the entire 74-unit project is about $35 million, said Irene Catsibris Clary, founder and president of…» |
| Store Closings are Only Part of a bigger – and More Positive – Story for the Retail Industry, Execs Insist Retail-industry executives have more than a few chips on their shoulders. They’re tired of being portrayed as a business in decline, even in a death spiral, despite a continuing trend that could see more big-name chains closing brick-and-mortar locations for years to come. No matter. All those headline-grabbing consolidation announcements portray only part of the…» |