Commercial Real Estate & Business News July 26, 2018
Iconic Scottsdale Tennis Club Sells to The Wolff Company for Residential Healthcare Facility SCOTTSDALE, Arizona – The iconic Scottsdale Tennis Club, with 11 championship tennis courts and pool, will soon be redeveloped into Revel Scottsdale – a refined 159-unit senior community. The property will have 270-degree unobstructed views to the west, north, and east of […]
Commercial Real Estate & Business News July 25, 2018
‘Severe’ Housing Shortage Hits US home sales, Lifts Prices Sales of previously owned US homes fell for the third-straight month in June and prices struck a record high amid a “severe housing shortage”, according to data released on Monday. Existing home sales fell 0.6 per cent in June to an annualised rate of 5.38m units, according […]
Commercial Real Estate & Business News July 24, 2018
Spring Training Baseball Adds Big Money to Arizona’s Economy, Study Estimates Collectively, baseball fans pumped an estimated $373 million into Arizona’s economy from late February through the end of March, according to the more conservative of two Cactus League impact studies, both released by Arizona State University researchers on Monday. This year’s 233 spring-training games, involving […]
Commercial Real Estate & Business News July 23, 2018
Retail Sales Post Another Gain in June Consumers boosted their spending in June, a move that contributed to the fifth consecutive month of retail sales gains. Retail sales increased 0.07% seasonally adjusted over May, and 4.2% unadjusted year-over-year, according to the National Retail Federation. The NRF numbers exclude automobiles, gasoline stations and restaurants. Overall June […]
Commercial Real Estate & Business News July 20, 2018
What’s the Outlook for the Grocery Sector in the Age of Amazon? Nearly one year after Amazon’s acquisition of organic grocer Whole Foods, the grocery-anchored shopping center sector, typically viewed as more “Internet-proof” than other segments of retail, has taken greater strides to boost its omni-channel offerings. So far, the acquisition has not been overtly […]
Commercial Real Estate & Business News July 19, 2018
Grocery-Anchored Retail Center Planned for Mesa’s Eastmark Neighborhood Student housing, manufactured homes and industrial property were the top performing commercial real-estate sectors in the past 12 months, according to new data from Green Street Advisors. These three sectors outperformed the broader commercial property market, which saw values remain flat between June 2017 and the end […]