Commercial Real Estate & Business News May 3, 2019
Arizona Ranks 4th in the Nation for GDP Growth According to data released today by the U.S. Bureau of Economic Analysis, Arizona’s real gross domestic product (GDP) increased by four percent in 2018, the fourth fastest growth rate in the nation. Arizona’s GDP growth outpaced that of 46 other states including California (3.5%), Florida (3.5%), and […]
Commercial Real Estate & Business News May 2, 2019
Fed Holds Interest Rates Steady, Ignoring Trump – Again The Federal Reserve held interest rates steady on Wednesday for the third time this year, ignoring calls from President Donald Trump to slash rates by as much as one full percentage point in order to further boost the economy. “We have the potential to go up like […]
Commercial Real Estate & Business News May 1, 2019
Here’s Why More Millennials are Moving to Phoenix Great homes. Great companies. Plenty of tasty restaurants and luxurious resorts. Add in the affordable cost of living, vast employment opportunities and rapidly growing infrastructure, all of which make the Phoenix-Metro area a thriving hub for living, working and entertaining – and add to its appeal as a […]
Commercial Real Estate & Business News April 30, 2019
Public, Private Development Ramping up Around Desert Ridge Miles of empty desert land in north Phoenix near Desert Ridge Marketplace could be Phoenix’s next hotspot for development, panelists at a Friday forum hosted by Valley Partnership said.In January, 5,700 acres of state land near the mall came back into play after U.S. Bankruptcy Court issued a […]
Commercial Real Estate & Business News April 29, 2019
Spec Development Set to Break Ground in Phoenix Opportunity Zone A joint venture between Conor Commercial Real Estate and Globe Corp. has assembled three parcels in the Airport submarket for a new speculative industrial build. While the land site would have made an attractive development prospect regardless, the Airport submarket is an opportunity zone, which made […]
Commercial Real Estate & Business News April 26, 2019
Opportunity Zone Regulations Throw Open Tax Benefits to New Group of Property Owners A new round of opportunity zone regulations, already a boon to property buyers seeking tax breaks, could be profitable as well for owners and tenants leasing properties in low-income areas.Before the Internal Revenue Service issued the new rules last week, the tax benefits […]