Real Estate

RFP Issued for New ASU Multi-Purpose Sports Arena

(Source: AZBEX): Monica Tapia – Arizona State University recently issued a Request for Proposal (RFP) for a company to enter into a long-term ground lease for the new Multi-Purpose Arena planned on 10 acres of the Novus Innovation Corridor in Tempe. The 5,000 seat multi-purpose arena will be located directly northeast of and will attach to the Wells Fargo Arena, where a major renovation Read More…

Business

Arizona Farms Shrinking in Number, Growing in Size

(Source: KTAR): Griselda Zetino – Jim Boyle Jr.’s family has a long history in dairy farming. They’ve owned dairy farms in Arizona since the early 1920s, first in south Phoenix and then in Mesa. Boyle’s roots in dairy farming is one of the reasons he returned home after he left for college and lived in Read More…

Estate Planning

How to Keep Your Heirs from Blowing Their Inheritance

(Source: Nasdaq): Philip Ruce –  We all want what is best for our children. We work hard to provide for them while we are here on Earth, and the estate planning process ensures we continue to provide for them once we are gone. But, of course, it’s not always as simple as that. If we Read More…

Real Estate

Attorneys Clash Over Lakes Course Future

(Source: Ahwatukee Foothills News): Jim Walsh – An attorney told the Arizona Court of Appeals last week that the former Ahwatukee Lakes Golf Course can lie fallow, “in it’s natural state’’ that owner Wilson Gee does not need to rebuild it. “The intent was, if you are going to use the property, it has to be Read More…

Estate Planning

Does Your Estate Plan Fall Prey To 3 Big Tax Issues?

(Source: Forbes): Martin Shenkman  Not fixing FLPs Family Limited Partnerships (“FLPs”) and Limited Liability Companies (“LLCs”) were often formed to hold family investment or business assets for one of or more of the following reasons. One reason: Valuation discounts for estate and gift tax purposes. For example, if an FLP owned $5 million of assets Read More…

Real Estate

Avoid These Top 7 Real Estate Investing Mistakes

(Source: Forbes): Greg Herlean – Real estate investing can be a difficult field to navigate, especially if you don’t know where to get started. Property investment isn’t as simple as buying a house, filling it with tenants and raking in the cash for your retirement fund. After flipping over 450 homes and 2,000 apartment units, I’ve Read More…

Business

Major Hangar Project Coming to Falcon Field

(Source: East Valley Tribune): Jordan Houston – Mesa’s Falcon Field Airport, known for its rich history and as a major economic engine for the city, is adding at least 20 hangars to accommodate its growing clientele. The municipal airport, which serves private and military aircraft, announced last week that it’s preparing for a 23-acre development Read More…

Real Estate

Mesa Set to OK Controversial Land Deal

(Source: East Valley Tribune): Jim Walsh – A mostly pristine swath of desert studded with saguaro cactus and an undulating wash in northeast Mesa may turn into a resort-style gated community in about four years. The Mesa City Council is poised to accept the $21.1 million bid of Blandford Homes subsidiary Desert Vista 101, LLC, tomorrow, Read More…

Property Tax

Pinal farmers won’t be forgotten in drought plan

(Source: Pinal Central): Kevin Reagan – State Rep. T.J. Shope, R-Coolidge, expects water to be a major topic for legislators as they reconvene next month in the Capitol. In a recent interview, Shope said water will be a time-sensitive issue since the state only has until the end of January to come up with a solution Read More…

Real Estate

Development around light rail has changed Phoenix, Tempe and Mesa

(Source: AZCentral): Catherine Reagor –  Uptown Phoenix’s Camelback Road and Central Avenue area was voted the hottest intersection in the Valley. Tempe Town Lake landed State Farm’s $600 million regional hub. Mesa’s aging downtown, in the midst of a revival, has drawn new Arizona State University and Creighton University campuses. Light rail has its detractors, but it has Read More…