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Commercial Real Estate & Business News November 30, 2018

 
A Scottsdale shopping center will receive a $14 million renovation to transform into creative office, retail and restaurant space. Denver-based DPC Cos., plans to revamp the property, located at Scottsdale Road and Shea Boulevard, to convert it to about half office space and half retail and restaurant space, totaling 149,708 square feet.…»
If you liked Arizona’s economy this year, more of the same appears in store for in 2019. Barring a national recession – which doesn’t appear imminent – Arizona will again rank among the top states for economic growth, job gains and population increases. That prognosis, made Wednesday at Arizona State University’s annual Economic…»
A developer has announced plans for a 40-acre community in Southeast Mesa that it says could generate thousands of new jobs – and residents – once it’s completed. VIVO Partners said its Gallery Park, located southeast of the Loop 202 Freeway and Power Road, will offer people an opportunity to “dine, shop, work and reside at this…»
1031 exchange transactions have surged in the last couple of years. As the tax plan overhaul was negotiated, some investors were concerned that 1031 exchange guidelines would change under the new plan. While 1031 exchange opportunities were eliminated for many asset classes, like wine and art, thankfully, real estate was left unchanged.…»
Phoenix will be one of the top housing markets to watch in 2019, according to a report from real estate website Trulia. The analysis, released Thursday, highlights the 10 markets poised for growth in the coming year. Phoenix ranks No. 7 on the list, just behind Fresno, California and ahead of Columbia, South Carolina. Colorado Springs,…»