Commercial Real Estate & Business News June 22, 2018
How the Supreme Court E-Commerce and Sales Tax Ruling Could Affect Arizona Brick-and-Mortar Retailers The U.S. Supreme Court ruled Thursday on what some people are calling a huge win for brick-and-mortar retailers that could help level the playing field against online retailers. In a 5-4 ruling, the land’s highest court overturned a landmark precedent in the e-commerce […]
Commercial Real Estate & Business News June 21, 2018
Developers Plan $60M Cooley Station Project in Gilbert When Norman Brody, president of Brody Associates Inc., moved to the Phoenix area last year from South Carolina – where he completed a mixed-use project with medical, retail and restaurants, hotel and residential – he started looking for ways to develop a similar project here.…» Pension Funds […]
Commercial Real Estate & Business News June 20, 2018
Banks Get More Generous with Construction Loans for New Apartments It’s getting a little easier to find a construction loan to build a new apartment property, compared to the end of 2017. “Banks are getting more aggressive,” says David Webb, vice chairman of debt and structured finance with CBRE Capital Markets, based in Washington, D.C. […]
Commercial Real Estate & Business News June 19, 2018
Rent-A-Center Accepts $1.4 Billion Take-Private Buyout Offer Rent-to-own giant Rent-A-Center Inc. has agreed to a merger deal with Vintage Rodeo Parent LLC, an affiliate of private and public equity investor Vintage Capital Management, to acquire outstanding shares of Rent-A-Center common stock for $15 per share in a deal valued at $1.365 billion, including the company’s […]
Commercial Real Estate & Business News June 18, 2018
Focus in Student Housing Amenities Changes from Luxury to Health and Wellness Lazy rivers, tanning beds, rock-climbing walls-resort-style amenities in student housing may be falling out of fashion as the sector faces demographic changes and lingering supply-demand imbalances. Some companies that provide student housing say they have seen a shift away from over-the-top amenities that […]
Commercial Real Estate & Business News June 15, 2018
US Retail Sales Post Biggest Gain in Six Months US retail sales grew at the fastest pace for six months in May as tax cuts and rapid corporate hiring bolstered Americans’ incomes. Headline retail sales jumped 0.8 per cent in May from the previous month, the Commerce Department said on Thursday, exceeding expectations for a 0.4 per […]