Most exchanges are conducted as “deferred exchanges,” where the relinquished property is sold to one party and the replacement property is subsequently purchased from another party.  However, in a reverse exchange, the taxpayer, through an intermediary and an Exchange Accommodation Titleholder (“EAT”), acquires the replacement property BEFORE selling the relinquished property.  Therefore, the taxpayer must have the financial resources available to fund the purchase of the replacement property prior to the sale of the relinquished ... Read more

Regal Properties' Senior Vice President, Maha Odeh,  represented the buyers in the purchase of the 138,639 square foot Sahuarita Plaza shopping center in Sahuarita, Arizona for $14,900,000.  Escrow closed on October 31, 2017. National creditworthy tenants in the center include Jo-Ann Fabrics, Ross, Big Lots, Petco, Ace Hardware, and Dollar Tree. Read more

Four impacts on real estate we can expect with the arrival of autonomous vehicles (“AV”): The cost of construction will be substantially reduced (20%-25% by some estimates) if structural parking is eliminated -- greatly improving feasibility. Because AV can travel faster and closer together, and substantially reduce the need for street parking, the vehicle, bicycle and pedestrian carrying capacity of existing streets will increase. AV will change public transportation, causing rendering light rail systems ... Read more