Commercial Real Estate & Business News June 7, 2018

PHOENIX – Move over, Florida: A Phoenix suburb was recently selected as one of the top destinations for retirees. Tempe will be featured in the latest issue of Where To Retire, a nationwide magazine that aims to help people decide where they want to relocate after they retire. Tempe was one of the eight cities profiled for downtown living in the July/August 2018 issue…»
In just the last month, through the implementation of Trump’s tax plan, a compelling new tool to spur investment into property across Arizona has been adopted. The Opportunity Zone was created to promote investment in areas that states want to see further economic activity. The tax bill allowed governors to submit for approval on various sites…»
Chandler and Tempe will soon see an influx of new office space, with a total of 2.5 million square feet under construction in those two cities alone. The two compose 83 percent of the office space under construction throughout the Valley, with 3.1 million square feet being built in total throughout metro Phoenix, according to a study released late last week by CBRE Group Inc…»
There is no question that the healthcare industry is in the midst of an ongoing transformation as business models shift towards keeping patients well and technological advances shake things up with new systems, procedures and treatments. Healthcare facilities are aging, which has made renovations commonplace, and healthcare providers are finding new ways to meet the patients where they live and work…»
Paradise Valley Town Council Thursday, June 14 is expected to issue marching orders to its Planning Commission putting in to motion the redevelopment of the Lincoln Medical Plaza. Known at Town Hall as a Statement of Direction, the document will give the Paradise Valley Planning Commission guidelines of scrutiny for the pending medical facility overhaul…»