Commercial Real Estate & Business News April 17, 2018
Aldi in Arizona: Discount Grocer Opening Store in Buckeye BUCKEYE, AZ – No-frills grocer, Aldi, has plans to open a store in Buckeye, Arizona. Anne De Chance, communications manager for the City of Buckeye, said the discount grocery chain broke ground last week near Yuma and Watson roads. She said the store would open either […]
Commercial Real Estate & Business News April 16, 2018
In Spite of Waves of Store Closures, Retail Vacancy Hasn’t Spiked in the First Quarter Retail vacancy levels stayed relatively flat for the first quarter of the year, according to preliminary data from real estate research firm Reis. Industry experts say that despite accounts of retail bankruptcies and store closures, the sector is poised to […]
Commercial Real Estate & Business News April 13, 2018
Hines JV Tops Off Phoenix Office Building A joint venture between Hines and New York Life Real Estate Investors have topped off the Offices at Chandler Viridian, a 250,000-square-foot building in Chandler, Ariz. The partnership broke ground on the Phoenix-area office development last September and is set to complete it in the fourth quarter of […]
Commercial Real Estate & Business News April 12, 2018
One Attraction Still Drawing Shoppers to Malls: Food You might’ve noticed more and more mall food courts are changing, ditching fast food chains for local eateries. And that’s not an accident. Mall owners say they’ve been steadily increasing the percentage of retail square footage at any given property dedicated to food and beverage, creating new […]
Commercial Real Estate & Business News April 11, 2018
Phoenix Makes Big Jump in Ranking of Best Places to Live in the U.S. The Phoenix metro area cracked the top 20 in the latest measure of best places to live in the United States, helped by an influx of new residents. Phoenix made significant progress, jumping to 19th place from 44th place last year […]
Commercial Real Estate & Business News April 10, 2018
Billionaire Mall Owner: ‘Amazon has Been Great for Retail’ Here’s Why At a time when retail stores have been closing due to the “Amazon effect,” billionaire mall owner Rick Caruso says “Amazon has been great for retail.” “What (Amazon has) shown us is a path to success,” the owner of The Grove and The Americana […]