Commercial Real Estate & Business News September 19, 2018
South Scottsdale, Salt River Community Gain Steam for Commercial Development As SkySong, the Arizona State University Scottsdale Innovation Center, continues to redevelop the former Los Arcos Mall site, city and business leaders are looking at the project as a catalyst to breathe new life into the rest of south Scottsdale. Some housing experts already called […]
Commercial Real Estate & Business News September 18, 2018
The Retail Market in Phoenix is Bouncing Back in 2018 Retail rent growth is slowing nationwide this year, but it is accelerating throughout Arizona’s Valley of the Sun. As the third quarter draws to a close, the average retail rent in Phoenix has grown by more than 4 percent year-over-year. The market’s resurgence has led […]
Commercial Real Estate & Business News September 17, 2018
Where Are Baby Boomers Retiring? Don’t Look Far Baby boomers are still moving to Arizona to retire, despite predictions they wouldn’t. Members of the huge demographic group have vowed they wouldn’t spend their leisure years the way their parents did. But census data and new rankings show they are ending up in many of the […]
Commercial Real Estate & Business News September 14, 2018
Retail Investment Activity Ticks Up in 1H18 Retail investment activity is ticking up, slowly. In the first half of the year, investment activity increased 3% nationally, over 2017, and the second quarter alone increased 41% year-over-year, according to research from Newmark Knight Frank. The Western US has lead the increase in activity, increasing 33% year-over-year […]
Commercial Real Estate & Business News September 13, 2018
1031 Buyers Retain a Strong Appetite for Fast Food Consumer tastes may be shifting to healthier fare with organic, sustainable and farm-to-table choices, but the flavor of the month for 1031 exchange investors remains firmly focused on quick service staples that include the likes of McDonald’s, KFC and Dunkin Donuts. The net lease quick service […]
Commercial Real Estate & Business News September 12, 2018
Big Retailers Shrink Stores to Boost Sales Fast-food chain Taco Bell’s plan to open 300 new small-format restaurants across the country in the next four years is the latest by a slew of major national brands experimenting with smaller stores to cut real estate costs and cater to urban millennials. Taco Bell, Barnes & Noble […]