Case Study: 1031 To OZ Investment with Lawrence Jatsek
The Section 1031 exchange has been around for over 100 years. Much like Opportunity Zones, chaining together a series of 1031 exchanges can offer an incredible tax incentive for real estate...
Fairmont Hotel & Resorts Coming to Downtown Phoenix
On June 21, 2022 Fairmont Hotels & Resorts, part of world leading hospitality group Accor, together with Thunderbird Legacy Development, announced the signing of definitive agreements for the...
Block 23 Sets PSF Record for Multi-Tenant Office Trades
Block 23, a mixed-use live-work-play asset in the heart of downtown Phoenix, recently sold to City Office REIT Inc. for $150 million. The sale sets a new per square foot record in the city for...
Interest in opportunity zones peaks as higher rates loom
The real possibility of higher capital gains rates has fueled interest by investors in opportunity zone funds. While Code Section 1400Z, providing for the funds, was slipped into the Tax Cuts and...
U.S. Apartment Rents and Occupancy Soar in June
With apartment shortages seen across much of the country, rents are climbing at the fastest pace seen in decades. Effective asking rents jumped 2% just in the month of June, driving up prices...
Arizona’s job growth to outpace the nation for next decade
Arizona is expected to add nearly 550,000 jobs between 2019 and 2029, barring any further major economic or political disruptions, according to a study released May 6 by the Arizona Office of...
Phoenix reaches highest echelon on 2021 America’s Best Cities list
The Phoenix metro has been rising steadily in recent years on Resonance Consultancy’s lists of top cities, and this year it landed in the top 10. The Valley is ranked No. 9 on Resonance’s...
Biden Targets a Tax Break That Helped Trump Build His Fortune
Biden Targets a Tax Break That Helped Trump Build His Fortune President Joe Biden is pushing to close a tax break that helped his predecessor amass a fortune. The Democrat has proposed narrowing a...
Post-COVID comeback? Home buyers Are Looking at Cities Again
Vaccine rollouts and the reopening of the economy are breathing new life into big city housing markets. Homebuyer interest in large metro areas is surging while interest in rural areas and small...
Destination Cleveland’s approach to promote the NFL Draft (and the city)
Weekend visitors, meeting planners, even potential residents – they’re all being targeted as Destination Cleveland gears up to sell the city during the NFL Draft this month. The region’s tourism...
Glimpses of Recovery and Change in Greater Phoenix
As post-pandemic social restrictions start to ease with the arrival of vaccines, plus the most recent round of stimulus funds, we are beginning to see glimpses of what recovery looks like in the...
Arizona companies primed for growth as Phoenix becomes national semiconductor hub
Arizona is among the top six states in a national ranking of economic momentum. More than half of the 50 states exceeded the nation’s overall economic performance in the first quarter, according to...
‘Under the radar’ Phoenix leads Arizona to tech job growth in 2020
Arizona is among the top six states in a national ranking of economic momentum. More than half of the 50 states exceeded the nation’s overall economic performance in the first quarter, according to...
Arizona among top states ranked for economic momentum
Arizona is among the top six states in a national ranking of economic momentum. More than half of the 50 states exceeded the nation’s overall economic performance in the first quarter, according to...
Biden Administration Debating How to Overhaul a Trump-Era Tax Break
Early evidence suggests that a Trump-era tax incentive has thus far mostly fueled real estate development in areas like parts of Brooklyn that were already becoming richer and whiter. WASHINGTON —...
BrewDog – Flats in Cleveland, to include outdoor seating, fire pits, playground, and dog park
The Scottish-based craft brewery Brewdog announced details of their “massive outdoor beer garden and outdoor space on the river” at a recent meeting of the Cleveland Planning Commission on...
Cleveland Public Libraries to get $100 million in upgrades funding
Dwayne Price will miss the old Hough Branch library, but he’s looking forward to the new one, coming soon in a roughly $100 million project to upgrade every Cleveland Public Library branch....
Phoenix and Tuscon make top 10 real estate markets for 2021
The National Association of Realtors identified the top 10 commercial real estate markets for 2021. In alphabetical order, the markets are: • Austin-Round Rock, Texas • Cape Coral-Fort Myers,...
INTRO apartment project in Ohio City to feature “mass timber” construction
In a no-touch world of glowing screens, Zoom calls, and virtual reality, it’s encouraging to see something indisputably authentic that you can rap your knuckles on — like a big building made...
Intel to invest $20 billion in Phoenix expansion
Intel Corp. announced plans on Tuesday to invest $20 billion to build two new semiconductor factories at its Chandler campus. CEO Pat Gelsinger said the expansion will allow Intel to become a major...
Why companies are building second headquarters in Ohio
As Ohio goes, so goes the nation. Up until 2020, that adage accurately described the state as a bellwether for presidential elections. But it’s also an apt depiction of Ohio as a microcosm of...
Cleveland area hotels and hospitality industry ramp up for NFL Draft
CLEVELAND, Ohio — For more than a year, Cleveland hotels have sat nearly empty, sidelined by the coronavirus pandemic. All of a sudden, next month, they’ll be full again – and in the national...
iHeartMedia to move headquarters to downtown Cleveland
CLEVELAND, Ohio — National radio giant iHeartMedia will move its regional office from the suburbs to downtown Cleveland, renovating a space along Euclid Avenue and adding a broadcast studio facing...
Cleveland developers continue to build thousands of apartments during COVID-19 pandemic
The Cleveland area continues to see thousands of new apartments each year, a pace that has not slowed even through an economy ravaged by the coronavirus pandemic. Construction of new buildings,...
IRS extensions for Opportunity Zone investments COVID relief
On January 19, 2021, the IRS published Notice 2021-10 that details a number of extensions related to Opportunity Zone investments due to the ongoing COVID 19 pandemic. These expand on the extension...