Commercial Real Estate & Business News – October 11, 2021
Kroger Looks to Add Another 20,000 Associates With the holiday selling season up ahead, The Kroger Co. is doubling down in its second nationwide hybrid hiring event. Cincinnati-based Kroger said Wednesday that it aims to hire 20,000 associates in virtual and on-site interviews across…» There is a Severe Shortage of Rental Housing at Every Price […]
Commercial Real Estate & Business News – October 8, 2021
With ‘Revenge’ Buying, Shoppers To Boost Holiday Spending 25%, JLL Survey Finds Shoppers will be making up for the spending they missed out on during the pandemic by jacking up their holiday-gift budgets about 25%, according to an estimate by real estate firm JLL that holds promise for retail property owners.“Revenge shopping, the phenomenon where […]
Commercial Real Estate & Business News – October 7, 2021
As Intel Expands in Chandler, What’s Making Arizona ‘Semiconductor Central’? Intel last Friday broke ground on a $20 billion expansion of its facilities in Chandler, Arizona, building two new fabrication plants, or fabs, at its Ocotillo campus. The two new chip factories – which will be known as Fab 52 and Fab 62 – will […]
Commercial Real Estate & Business News – October 6, 2021
Raley’s Acquisition of Bashas’ helps Regional Grocers Compete with Big Players After Arizona supermarket chain Bashas’ announced Oct. 1 that it would agree to an acquisition by a regional grocery company in California, the question that pops out in hindsight is: Why didn’t this happen before? As privately owned entities, both Bashas’ and Raley’s increasingly […]
Commercial Real Estate & Business News – October 5, 2021
Net Lease Cap Rates Reach Historic Lows The Boulder Group’s Third Quarter Net Lease Research Report showed cap rates in the single tenant net lease sector reaching a historic low for all three asset classes in 2021. Cap rates for retail, office and industrial fell to 5.80%, 6.80% and 6.70%, respectively”…» As Intel Expands in […]
Commercial Real Estate & Business News – October 4, 2021
Leading Economist and Local Business Leaders Predict Economic Growth Trends for 2022 and Beyond On September 23, more than 300 professionals gathered for an in-person and live-stream glimpse into the 2022 economy. Sponsored by SRP, this dynamic event featured a provocative and insightful presentation by Andrew Busch, Economic Futurist, BPI, and a lively panel discussion […]