| Sources: Bill Gates Affiliate Connected to West Valley Land Buy Is Microsoft founder Bill Gates behind another massive land buy in the West Valley? Public documents and real estate sources indicated Gates’ investment company, Cascade Investment LLC, had a hand in a $25 million purchase of more than 2,800 acres known as Spurlock Ranch in Buckeye. Spurlock Ranch could be built out to…» |
| With Recession in Mind, Family Offices Swing Toward Real Estate Adjusting to market volatility and girding for a recession, some family offices in the U.S. are hedging their bets by shrinking their exposure to hedge funds and boosting their exposure to real estate. That’s one of the key findings of a recently-released 2019 report on family offices compiled by UBS and Campden Wealth Research. Principals and…» |
| As Returns Shrink Opportunity Zone Funds Adjust Their Strategies Hardly anyone is rooting for a recession. But if one comes and resets pricing on commercial assets, Opportunity Zone fund investors could benefit. With return expectations of 15 to 20%, it’s not easy for them to find good deals. “The Opportunity Fund folks have a model to get in and get out,” says DLA Piper’s Global Real Estate Practice…» |
| Former Suns All-Star KJ Helps Bring The Battery to Warehouse District Kevin Johnson’s athletic legacy was secured at what is now Talking Stick Resort Arena. As a player, Johnson was a three-time NBA All-Star during his stellar career, earning him a place in the Phoenix Suns Ring of Honor. His career after basketball has been quite impressive, as well. He was a two-term mayor of his hometown of…» |
| Phoenix Becomes a Hot Spot for Attracting Million-dollar Businesses The Phoenix area continues to rise as one of the top cities in the country to attract million-dollar businesses. In its annual major-city-by-major-city list of the country’s best places to bring in million-dollar companies, Lending Tree stuck Phoenix right in the middle of its roundup at 25 out of 50.Fueled by key investment deals, surging…» |