In The Spotlight 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 →

BOMA Greater Phoenix executive director resigns

Sarah Osteen has resigned as the executive director of the Building Owners and Managers Association (BOMA) Greater Phoenix. Osteen took over as executive director last spring after the unexpected passing of her predecessor Mark Covington in December 2015. As executive director, Osteen is credited with helping inspire and empower board members, committee members and local… Read More →

Charter school zoning in Arizona: A tool for economic development

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Not all states are as friendly to charter schools as Arizona. But as charter schools continue to set up shop in Arizona, they get to avoid challenges related to zoning, an ability that can be quite useful in infill locations. The symbiotic interplay of rooftops and charter schools — aided by charter schools’ zoning treatment… 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 →

How do autonomous vehicles in logistics impact real estate?

By now we’ve all heard the buzz about autonomous vehicles. Companies like Amazon, Mercedes-Benz and Uber are heavily investing in this technology and many have begun open road testing. The arrival of these vehicles is imminent and fast approaching. In a report published by Edmonds last month, by the year 2030, 95 percent of U.S. car… Read More →

Fenix Development breaks ground on Tempe project

Fenix Development, a Los Angeles-based real estate investment and development company, has broken ground on Phase I of The Watermark | Tempe at the north bank of Tempe Town Lake. Phase I, of the 1.9 million-square-foot mixed-use development, will include 250,000 square feet of premium Class A office space, 44,000 SF of high-end restaurant and boutique retail service… 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 →

Goodyear lands new $180M UPS facility

UPS announced plans today for a new $180 million package processing hub in Goodyear, near the Loop 303 Freeway and I-10, to increase its processing capacity for e-commerce. The phased hub construction modifies a 618,000-square-foot structure on 140 acres in the PV303 Development. A portion of the building is expected to begin operating later this year in… Read More →

Fann Contracting wins big at Arizona Transportation Partnering Excellence Awards

The Partnering Excellence Awards competition, which began in 2005, is designed to recognize partnership teams that demonstrate a high degree of achievement through their practice of partnering principles and their application of the partnering processes related to the transportation industry. At the 2016 Arizona Transportation Partnering Excellence Awards, presented at the ACEC Arizona Conference in Tucson, Fann… Read More →

AMA Tribute Awards honors multifamily communities and leaders

Aspera

Each year, the Arizona Multihousing Association brings apartment industry leaders together for one night at its annual Tribute Gala to celebrate the successes of the teams, individuals, volunteers and communities that are best in class. Last night, a sold-out crowd of 1,400 industry leaders gathered for the annual Tribute Awards gala to learn who would… Read More →

Phoenix-based commercial contractor makes announcement about its future

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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 →

The Opus Group appoints 2 new associates for Phoenix market expansion

by in AZRE Magazine | In The Spotlight

 The Opus Group (Opus) announced today that two new associates have been appointed to Opus Development Company, L.L.C. Brett Hopper has joined as senior director, real estate development and Matthew Visnansky has joined as real estate manager, real estate development. In their new roles, Hopper will be responsible for sourcing new development opportunities and Visnansky will… 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 →