November 17, 2024 4:41 am
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Here is AZRE’s 2018 commercial real estate outlook

ONE HUNDRED MILL: The $190 million mixed-use creative office, retail and lifestyle-hotel development, located on the 2.51 acre parcel on the corner of Mill Avenue and Rio Salado Parkway in Tempe, will consist of two towers: a 15-story 260,000 SF Class A office building and a 15-story, 240-key boutique hotel along with 17,300 SF of retail space.

By David McGlothlin

An attractive market for real estate investment and development can start and end with the economy.

Hence, the woes felt during the Great Recession when the economy was down, unemployment was up and real estate activity was dramatically affected, but fast-forward to now. The stock market recently hit an all-time high, spending is up, unemployment is down and some experts are hopeful President Donald Trump’s proposed tax plan will give the economy another boost.

While many in the real estate industry remain cautiously optimistic about 2018, others are starting to think this expansion cycle is getting long in the tooth and starting to show signs for slowing.

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.