Industry Insiders Archives

2017 Tax reform: The potential end for 1031 exchanges

Section 1031 (§1031) of the Internal Revenue Code has encouraged investment, created jobs and stimulated the United States economy for almost 100 years by permitting tax deferral on the like-kind exchange of business and real estate assets. Despite the extensive use of §1031 exchanges in the real estate and aircraft industries, there has been a… Read More →

Cost/utilization modeling: A tool for improving your bottom line

Arizona Green Jobs Increase

For many companies, real estate constitutes a large portion of the company’s assets, liabilities, expenses or perhaps all three. Additionally, whether through organic growth, piece-meal acquisitions, or simply an intense focus on the company’s core business, the company may find itself with a hodge-podge collection of real estate holdings that has little financial, functional or… Read More →

How to MacGyver your infill projects through the city

Adam Baugh, a zoning and land use attorney at Withey Morris, PLC, and pioneer of infill restaurant projects across the Valley, says these projects require “a lot of MacGyvering to get them through the city.” When it came to repurposing and adapting older buildings like an old motorcycle/car dealership into a restaurant like The Yard,… Read More →

Valley Partnership’s 2017 legislative wins

This year’s Legislative session lasted 122 days and of the 1,079 bills originally posted, 353 were passed. Of the 353 bills passed, 342 were signed into law and 11 were vetoed by Gov. Doug Ducey. Cheryl Lombard, president and CEO of Valley Partnership, an advocacy group for responsible development, describes the session as good from… Read More →

How to capitalize on hot Phoenix apartment market

The apartment market in Downtown Phoenix is hot, really hot, and members of the Arizona Multihousing Association (AMA) are cautiously optimistic that the market will remain one of the hottest in the country for at least a couple more years. In a standing room only crowd of over 60 people, AMA hosted its second-ever Quarterly… Read More →

Phoenix-based commercial contractor makes announcement about its future

construction

With new ownership and a new name, the large commercial builders RJM Construction Phoenix announced it will be doing business as Venn Companies moving forward. Established in the Valley in 2010, RJM Construction Phoenix had built a  reputation of delivering high quality commercial interiors and building success from the ground up. Venn Companies is the commercial tenant improvements… Read More →

Pondering President Trump’s trade policy and impact on industrial real estate

President Donald Trump’s focus on curbing the trade deficit by bolstering U.S. exports and reducing imports could drive policy changes that impact industrial real estate markets throughout the U.S., Cushman & Wakefield reported in a logistics and industrial research briefing released today. However, the report concludes that a trade war with China or U.S. withdrawal from NAFTA… Read More →

Industrial & office steal spotlight from multifamily at 10th Annual IREM-CCIM Economic Forecast

While many turned their attention to Washington D.C. for the inauguration of President Donald Trump, the Valley’s heaviest hitters in commercial real estate joined forces at the 10th Annual IREM-CCIM Economic Forecast on Friday at the Arizona Biltmore. For the program, 21 of the Valley’s top commercial real estate leaders with 521-plus years of combined CRE… Read More →

Event Recap: Rebuilding a leading housing market

Heading into 2017, housing market experts share cautious optimism about the future of Arizona’s residential market, which they discussed in front of a sellout crowd of nearly 700 people at the eighth annual AZ Dealmakers event today. The theme for this year’s event — put on by Belfiore Real Estate Consulting, Rose Law Group and… Read More →

Designing a better tomorrow: Q&A with AIA Arizona President

With more than 20-years of experience in architecture, Caroline Lobo, president of American Institute of Architects Arizona, brings a unique perspective and a wealth of experience to AIA in its efforts to promote the architectural profession through the strength and participation of members. In addition to her role as president, Lobo is also the founding… Read More →

Phoenix retail vacancy falls despite national tenant closures

by in AZRE Magazine | Industry Insiders

The Greater Phoenix retail market is improving at a steady pace with vacancy dropping, rents ticking higher and investment activity gaining momentum.  The city has seen positive trends despite the store closures of such national chains as The Room Store and Sports Authority. Retail vacancy fell 10 basis points in the second quarter, reaching 9.4… Read More →

AZRE names Most Influential Women in CRE for 2016

The 12 women who made AZRE’s Most Influential Women in Commercial Real Estate list are an extraordinary bunch. While that seems implied in the recognition, it’s something that goes beyond their professional achievements. Many of these women had to work their way through the ranks to a C-suite. One was a dealer in a casino.… Read More →

Valley Partnership leaders weigh in on the future of development

Valley Partnership’s mission is advocating responsible development. The advocacy group represents the commercial, industrial and masterplanned real estate development industry by presenting a balanced, pro-development perspective and the Valley’s best industry education and networking opportunities. But what should be the 25- or 30-year vision for Valley Partnership? What role do Valley Partnership’s leaders think the… Read More →

IREM and CCIM host 2016 economic forecast

Arizona Commercial Real Estate Development
by in AZRE Magazine | Brokerage | Industry Insiders

With an overall growth in the commercial real estate industry in 2015, what lies ahead in 2016 for Metro Phoenix? Find out Friday, Jan. 22, at the Tempe Center for the Arts at the 2016 Institute of Real Estate Management and Certified Commercial Investment Member Institute Economic Forecast and get the real scoop from the… Read More →