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Why buying bankrupt mall retailers makes perfect sense for landlords

Posted by   /  July 31, 2020  /  Economy, Real Estate  /  No Comments

By Liz Wolf | National Real Estate Investor As the coronavirus pandemic has accelerated the pain already felt in the retail sector with forced store closures, social-distancing restrictions and a significant change in consumers’ shopping behaviors, retail bankruptcies continue to pile up. Nearly 40 retailers have already filed for bankruptcy this year, according to a […]

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Club West owners raise sale possibility

Posted by   /  July 31, 2020  /  Real Estate  /  No Comments

By Paul Maryniak | Ahwatukee Foothills News The ongoing struggle over the future of Club West’s dead golf course took some surprise turns last week when the somewhat antagonistic parties began talking and the new owners indicated they’d listen to a solid plan for buying it from them and restore it to a sustainable championship […]

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Lee & Associates completes multiple big deals

Posted by   /  July 31, 2020  /  Real Estate  /  No Comments

AZRE via AZ Big Media Lee & Associates Arizona, the local office of the largest broker-owned commercial real estate firm in North America, recently closed multiple commercial real estate transactions across the Valley.   The Lee & Associates brokerage teams, led by firm principals Todd Braun, Steve Farrell, Greg Guglielmino, and Allen Lowe announced that they have […]

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New QT planned in East Valley

Posted by   /  July 27, 2020  /  By Mike Sunnucks, Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter A new QuikTrip convenience store and service station is slated for Ray and Ellsworth roads in Mesa.  The 1.97 property is vacant and part of the Cadence development in the East Valley. QuikTrip is asking the city of Mesa for a special use permit and site plan approvals. […]

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Retail company to build distribution warehouse in Buckeye

Posted by   /  July 22, 2020  /  Economy, Real Estate  /  No Comments

By Steve Stockmar | Daily Independent A 1.3-million square foot warehouse with up to 300 full-time employees is coming to Buckeye, and perhaps a companion retail store as well. The Buckeye Planning and Zoning Commission at its July 14 meeting unanimously approved a site plan approval for a distribution warehouse for the Five Below retail […]

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The ups and downs of Phoenix class A office space

Posted by   /  July 21, 2020  /  Real Estate  /  No Comments

By Melissa Rosequist | Scottsdale Independent As Valley companies realize working from home is the foreseeable future, will that translate to a surplus of vacant class A office space? Experts say: It’s too early to identify any changes that may be afoot as the long-term effect of the COVID-19 pandemic looms, but ultimately, for commercial […]

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ALDI makes Arizona plans official: New stores in Goodyear, Gilbert, Peoria, Chandler

Posted by   /  July 21, 2020  /  By Mike Sunnucks, Economy, Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter ALDI has made its Arizona expansion plans official announcing this morning it will open new stores in Gilbert, Chandler, Peoria, and Goodyear by the end of the year. The German grocer outlined its much-anticipated Arizona expansion in a press release. The Chandler store near Alma School Road […]

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Site consultant survey finds shifting corporate location preferences

Posted by   /  July 20, 2020  /  Real Estate  /  No Comments

RED News Service | Real Estate Daily News Suburban areas and mid-size cities, followed by rural areas, will be the biggest winners of new corporate expansions and relocations, with large urban areas falling to the bottom of the list, according to a Site Selectors Guild survey on the impact of COVID-19. Site Selector Guild is […]

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CRE in the time of COVID

Posted by   /  July 2, 2020  /  Real Estate  /  No Comments

Tempe Town Lake. / Photo by Mike Mertes, AZRE / AZBigMedia By RaeAnne Marsh | InBusiness Phoenix Real estate has always been a major part of our economy. And, as a lagging indicator whose thread weaves through businesses of every type, size and sector, it is also the perfect instrument with which to take the […]

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How a tax benefit for developers could backfire in pandemic; RLG Partner and Transactional Department Director Cameron Carter comments

Posted by   /  June 8, 2020  /  Featured News, Real Estate  /  No Comments

By Paul Sullivan | New York Times Something remarkable is percolating in the commercial real estate market: Investors may end up losing millions in tax savings on gains from the sale of their properties because of the coronavirus pandemic. Like-kind real estate exchanges, also known as 1031 exchanges (after the provision in the Internal Revenue Code), […]

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