§1031 Exchange, Top 5 Best Practices

Jun2016 By Kenneth Millar, Designated Broker/Partner, Peak Realty Advisors LLC.:  Five “best practices” to ensure a successful Section 1031 like-kind exchange for real estate. Section 1031 Exchanges can be very beneficial to the owner of a particular real estate property.  This is especially … [Read more...]

Estate Planning Using 1031 Exchange

"The major fortunes in America have been made in land" -- John D. Rockefeller Investors have long known that real estate can be one of the very best asset classes in which to build wealth.  And, while an experienced financial adviser might recommend spreading investment capital over multiple asset … [Read more...]

Arizona Commerce Authority, 2016 Business Attraction Services and Incentives

Arizona has a robust business development organization that is tasked with the mission to support economic development within the State.  The department is uniquely positioned to assist prospective businesses looking to locate or expand within the state. Key aspects of the group are: Direct … [Read more...]

How Do I Calculate Debt Coverage Ratio (DCR)

Debt Coverage Ratio (DCR) or Debt Service Coverage Ratio (DSCR) Debt Coverage Ratio, also known as Debt Service Coverage Ratio are terms that are used interchangeably by lenders to represent a key indicator to determine the financial viability of a commercial property purchase loan application. … [Read more...]

Commercial Real Estate Outlook: 2016.Q2

National Association of REALTORS® The U.S. economy sputtered during the first quarter of 2016, as global economic activity throttled back and companies found financial markets’ volatility unsettling. Based on the first estimate from the Bureau of Economic Analysis, real gross domestic product … [Read more...]

Gilbert Launches Interactive Map Highlighting Upcoming Developments

Gilbert, Arizona - Gilbert’s Development Services Department is excited to announce the launch of their interactive map highlighting upcoming public hearings and developments.  The yellow signs showing notice of public hearings can be seen around the community and this map allows users to zoom into … [Read more...]

Gilbert Arizona, State of the Town 2016

The Town of Gilbert holds their 2016 State of the Town to much fanfare and celebration.  Hosted by Mayor John Lewis, highlighting the #BuildingOurFuture thyme, and sponsored by Rivulon Development, a 3.1 M square feet Class A office development of the Nationwide Realty Investors, located in Gilbert, … [Read more...]

Capital Gains Taxes Take a Big Bite in Real Estate

Plan to write a big check to the tax collector when you sell your real estate when there are gains to be considered.  The owner(s) of real estate should be very mindful of proper tax planning before they sell, this is especially true now that real estate values are on the rebound.  Between the … [Read more...]

Equitable Division of Assets for Probate, Custodial Care, or Divorce

How to insure fairness in estate distributions.  You have just been assigned the job of managing the estate of a loved one that has passed away or needed to relocated into a nursing home.  Or, a divorce has made it necessary to equitably manage the distribution of assets, both real estate and … [Read more...]

What is the Difference between Class A, Class B or C Commercial Buildings

You will often hear those in commercial real estate make reference to the building classification.  It can be concluded, that from an aesthetics perspective Class A is better than B, and Class B is better than Class C.  However, depending on the situation and intended use, a B or C building may be … [Read more...]

Arizona Commerce Authority, Arizona State of Business

2014 Wall Street Journal, Custom Studios WSJ-AZ State of Business … [Read more...]

Gilbert’s 1st Mercedes-Benz dealership to open 2016 | Rivulon

The Republic | azcentral.com  |   November 13, 2015  |   Parker Leavitt The town’s first Mercedes-Benz dealership — stocked with luxury sedans, coupes and SUVs — plans to open by summer within Gilbert’s massive Rivulon mixed-use project near Loop 202’s Santan Freeway and Gilbert … [Read more...]

Arizona Commerce Authority, Economic Update

Arizona Commerce Authority Economic Update, October 21, 2015 Arizona School of Business and Real Estate | jzook Sandra Watson, President and CEO, Arizona Commerce Authority Millions of people love Arizona and choose to live here. The Arizona Commerce Authority (ACA) wants to know why. To … [Read more...]

Big Changes in Commercial Development Underway, the Rivulon Project

With this month's ground breaking, the long awaited Rivulon Project in Gilbert, Arizona is now showing visible results of construction.  Representatives of Nationwide Realty, the Town of Gilbert, and others symbolically marked the next phase of development of the business plaza that promises to … [Read more...]

Gilbert, Arizona First Municipality to Join the Canada Arizona Business Council

Amanda Elliott Economic Development - Marketing & Communications at Gilbert, Arizona Gilbert, Arizona was the first Arizona municipality asked to join the Canada Arizona Business Council. The Canada Arizona Business Council (CABC) is a 501(C)6 non-profit Arizona Corporation, whose purpose is … [Read more...]

Gilbert Arizona improved permit process (Video).

Kyle Mieras, Gilbert's Director of Development Services, discusses how the One Stop Shop is making services more accessible and convenient. Since opening in March, 49% of the permits submitted for review were handled over-the-counter with the new programs, saving both time and money for businesses … [Read more...]

Saint Xavier University plan a Gilbert, Arizona campus.

Chicago-based St. Xavier University, a Catholic school founded in 1846, plans to open a campus in downtown Gilbert, a move that would give the town its first higher-education institution. The project will be located in the Heritage District. The exact details and location will be finalized in the … [Read more...]

Lo-Lo’s, Zinburger head to Gilbert’s Heritage Marketplace

By Parker Leavitt The Republic | azcentral.com Wed Oct 9, 2013 3:40 PM Zinburger and Lo-Lo’s Chicken & Waffles will be among the first tenants in downtown Gilbert’s Heritage Marketplace, according to Phoenix-based developer LGE Design Build. The long-awaited mixed-use complex in the … [Read more...]

Phoenix Mesa-Gateway Airport growing its economic impact

Phoenix Mesa-Gateway Airport has a $1.3 billion economic impact and accounts for more than 2,000 direct jobs. That is according to a new study by Arizona State University’s W.P. Carey School of Business. ASU economist Lee McPheters authored the report which found 60 percent of the Mesa … [Read more...]

Gilbert Industrial Sells for $2.9M

MJA Investments, Inc. acquired the industrial building at 900 N. Fiesta Blvd. in Gilbert, AZ from the United States Postal Service for $2.975 million, or about $48 per square foot. The 62,413-square-foot distribution building was constructed in 1999 on 6.6 acres in Maricopa County. The property … [Read more...]

Queen Creek Marketplace to Expand

Vestar, the retail real-estate company that developed Queen Creek Marketplace in 2008, has taken out a seven-year loan totaling $63.5 million to refinance the 686,000-square-foot shopping center it plans to further develop. The center, on the southwestern corner of Ellsworth Loop and Rittenhouse … [Read more...]

Commerce Park in Mesa Purchased

Mesa’s Broadway 101 Commerce Park has sold for $77 million, making it the priciest industrial property deal this year. Lincoln Property Co. sold the 808,000-square-foot project, which was built on the site of a Motorola Inc. semiconductor plant built in 1969. Industrial Income Trust Inc., a … [Read more...]

Gilbert, AZ Announces Premier Development

Master-planned development to attract top-tier businesses and high-wage jobs to Gilbert, AZ Nationwide Realty Investors, Ltd. (NRI) is proposing to develop a 250-acre-plus premier project that will provide more than three million square feet of Class A office space at the corner of Gilbert Road … [Read more...]

$75M in federal funding pledged Friday for Mesa light rail extension

East Valley Tribune: Mesa AZ, Friday, October 12, 2012 U.S. Secretary of Transportation Ray LaHood has unveiled $75 million in federal funding to help build a three-mile light rail extension connecting Phoenix and Tempe to Mesa. LaHood took part Friday in a grant signing ceremony in Mesa and … [Read more...]

Arizona seeing far fewer homes in ‘shadow inventory’

Phoenix Business Journal by Kristena Hansen, Reporter Date: Tuesday, October 9, 2012, 2:58pm MST Arizona posted the biggest drop in seriously delinquent home mortgages -- which is the primary driver of shadow, or pending, inventory -- of any other state in the nation this summer, according to … [Read more...]

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