Commercial Real Estate & Business News – May 18, 2017

The home-building recovery has been slow and steady-and nearly nine years after the housing crisis, housing construction isn’t yet fully healed. That’s probably a good thing. It means housing construction will continue to buoy economic growth for some time…»
The Tohono O’odham Nation and state of Arizona have settled their fight over the Native American tribe’s Desert Diamond Casino West Valley. The deal was announced this morning and puts to rest a years-long legal fight over the Glendale-area casino.…»

A unique combination of the Arizona Cardinals, Phoenix Coyotes, Chicago White Sox and Los Angeles Dodgers make up the Glendale Stadium District. Located along the 101 between Camelback Road and Northern Avenue, developers are once again flocking to the Glendale Stadium District.…»

The pressure to reduce rates and find revenue offsets has put 1031 exchanges on the chopping block as part of the Trump administration’s potential tax reform. But some experts believe that the likelihood of a repeal is low. Abe Leitner, director in the tax group of international law firm Goulston & Storrs, shares his thoughts.…»
In a land sale that could provide a glimpse into what lies ahead, DuPont Fabros Technology Inc. in Washington, D.C. (NYSE:DFT) has acquired 56.5 (gross) acres within the Elliot Road Technology Corridor in Mesa that is targeted for development as a 1 million-square-foot data center campus.…»