A bipartisan measure tucked into the 2017 federal tax law is providing a significant opportunity for investors to reduce their capital gains taxes while spurring economic growth in designated areas of Arizona.
It's hard to name a costlier problem for Tucson property owners than copper theft and the destruction of property to obtain copper and other metals for scrap value. A dedicated coalition has come together to find solutions and take action on the issue of metal theft in the region.
During my Q1 2012 Industrial Market update presentation for the Pima County Real Estate Research Council, I noted the schizophrenic market we seemed to be in at the time; a market which seemed to experience large swaths of space coming available and being absorbed, with the end result being no noticeable net gain or loss. This comment is also true today. For example, we watched a 100,000 sf[…]
Arizona’s historic reliance on home-building and construction jobs make economic recovery a slower proposition. Conventional wisdom holds that we will not return to those heady days, and the job base must diversify. Why care about Arizona housing if you live and work elsewhere? As global commerce and finance are increasingly interrelated and interdependent, we can't ignore the fact that domestic[…]
In a September 12, 2011 special report entitled "The Road Ahead for CRE and the US Banking Sector," Deutsche Bank researchers summarize the size and scope of commercial real estate's finance picture with insights for CMBS investors and others in the industry.
Restoring the damage from metal theft is an expensive proposition for property owners and insurers alike. The cost is often a multiple of the price to replace stolen copper wire or metal, because other building and electrical system components are often damaged when the metal is hastily stripped by thieves. Unoccupied properties are prime targets, and with higher vacancy in the market, property[…]
Once the poster child for national population growth and housing starts, Arizona, like other states historically reliant on construction, took a beating in the downturn, and the well-publicized forecast points to a long road to recovery.
The Tucson Apartment Investment market is beginning to wake up. Lender owned properties (REO properties), short sales, and sales through receivership are hitting the Tucson market in addition to a few non-distressed properties. PICOR is currently marketing two short sale properties, two REO properties, a sale through receivership, as well as two non-distressed investor owned properties.[…]