Commercial Real Estate & Business News – August 22, 2017

Internal Revenue Code Section 1031 exchanges, more commonly known as “1031s” or “like-kind exchanges,” are a nearly century-old tax deferment mechanism that may be targeted for elimination or curtailment under several tax reform proposals being considered in Congress…»

Food halls are the hottest new trend in retail. Restaurants and unique eateries have been a growing driver in the retail market, as they tend to be more Internet resistant than brick-and-mortar retailers. Food halls are the next evolution: properties packed with destination eateries…»

The development boom underway in the seniors housing space has not put a damper on confidence. Exclusive survey results from the fourth annual NREI / NIC Seniors Housing Market Study indicate a more positive outlook across the board on questions related to improving fundamentals, access to capital and transaction pipeline…»

Reliant Group Management tapped Rainbow Housing Assistance Corp. as the service provider for La Palmilla Apartments in Phoenix. The community was purchased by a new tax credit limited partnership sponsored by Reliant and will have all units restricted to households making 60 percent of the area median income or less…»

Demand for rental apartment housing is on the rise in the East Valley and the rest of the metro region, buoyed by an increased desire for high-end apartments and the ever-present need for more-affordable options for low-income families…»