Commercial Real Estate & Business News – September 11, 2023
Kroger, Albertsons Plan to Sell Over 400 Stores to C&S Wholesale Kroger and Albertsons supermarkets will sell more than 400 stores to C&S Wholesale Grocers for nearly $2 billion as part of their proposed $25 billion merger, the companies announced on Friday. The divestiture, which was first reported to be in the works on Tuesday […]
Commercial Real Estate & Business News – September 8, 2023
Banks Are Resilient, but FDIC Says Inflation Rates Pose Risks The banking industry may be resilient, but it is showing signs of stress, according to a report from the Federal Deposit Insurance Corp. on Thursday. Second-quarter earnings at U.S. banks amounted to $70.8 billion, the FDIC said. The tally marks an 11.3% drop from the […]
Commercial Real Estate & Business News – September 7, 2023
The U.S. Economy’s Slow Return to a 2% Norm First half U.S. gross domestic product was a hair over 2%. Inflation expectations are nearly back to 2%. Job growth over last year? You guessed it. Why it matters: It may not last, but right now, it looks like we’re moving back toward the slow growth […]
Commercial Real Estate & Business News – September 6, 2023
Here’s the New Retail, Dining Coming with Scottsdale Fashion Square Redevelopment Macerich, one of the nation’s leading owners, operators and developers of high-quality retail and mixed-use properties in top markets, today detailed progress for its current redevelopment of the south wing at Scottsdale Fashion Square, including more experiential dining and…» Phoenix’s Top Malls Play Key […]
Commercial Real Estate & Business News – September 5, 2023
Business Leaders Show Growing Optimism in US Economy Is the U.S. economy destined for continued growth or heading into recession? It’s a question pondered daily by investors and analysts around the world, but what do business leaders think? Just 16% of executives responding to the third-quarter AICPA & CIMA Economic Outlook Survey said…» Can Metro […]
Commercial Real Estate & Business News – September 1, 2023
First look: Inside Sam Fox’s First Hotel, The Global Ambassador You probably know Sam Fox for dining concepts such as The Henry and Culinary Dropout. But Fox, who sold his restaurant group to The Cheesecake Factory in 2019, is tapping into a new industry with the highly anticipated opening of his first hotel later this […]