Commercial Real Estate & Business News April 15, 2019
Hiring Spree by Some Retailers Shows It’s Not All Gloom and Doom for Sector Although the retail sector remains under pressure – evident by the spate of store closures and announcements since the start of the year – the job losses across the industry have not been severe, says Ken McCarthy, principal economist and senior managing […]
Commercial Real Estate & Business News April 12, 2019
Scottsdale Developer Buys Land Near Tempe Town Lake for More Townhomes Caliber-The Wealth Development Co. is building townhomes near Tempe Town Lake, tapping into opportunity zone funds to develop the $19 million project. The project, which sits on about 2.75 acres west of the southwest corner of Ash Avenue and Rio Salado Parkway in Tempe, will […]
Commercial Real Estate & Business News April 11, 2019
Walmart, Google Partner to Roll Out Voice-Activated Grocery Shopping Walmart continues to ramp up its efforts to compete with Amazon, this time in the fledgling voice-activated shopping space. The discount giant announced that, starting later this month, shoppers will be able to order items directly to their Walmart grocery shopping carts using Google Assistant by saying […]
Commercial Real Estate & Business News April 10, 2019
How Opportunity Zones Will Impact Real Estate Finance The Tax Cuts and Jobs Act of 2017 created a federal program that encourages private investment in low-income, high-unemployment urban and rural communities, designated as “Opportunity Zones.” The aim of the program is to stimulate economic development in economically underserved areas by encouraging investment capital…» Medistar Plans Major […]
Commercial Real Estate & Business News April 9, 2019
Developer Starts Work on Building Nearly 4,000 Homes in West Valley Brookfield Residential Arizona broke ground April 4 on its 1,130-acre master-planned community that will have 3,695 single-family homes in the West Valley. Called Alamar, the community is north of the Sierra Estrella Mountains at Avondale and Broadway boulevards in Avondale. Plans call for building 461 […]
Commercial Real Estate & Business News April 8, 2019
Arizona Center in Downtown Phoenix $25M Makeover, Two New Towers The 30-year-old office, shopping and restaurant development has a new look, new tenants and soon will have a new boutique high-rise hotel and an apartment tower underway. Owners of the 1 million-square-foot development at Third and Van Buren streets just spent $25 million to open and […]