Commercial Real Estate & Business News – September 7, 2017
Tempe Site Next to Amazon/Whole Foods, Near ASU Sells in Unique Deal Retail redevelopment property in downtown Tempe near Mill Avenue, a planned Whole Foods Market and Arizona State University has sold in a U.S. Bankruptcy Court sale. The property is at the corner of University Drive and Wilson Street. The vacant retail site is […]
Commercial Real Estate & Business News – September 6, 2017
Multifamily REITs Pour Money into New Development Multifamily REITs keep building new apartments, and the analysts who track the companies are getting worried. “Both the volume and pace of new unit construction has been a concern in the multifamily space this year,” says Camilla Yanushevsky, senior analyst of real estate product operations for S&P Global […]
Commercial Real Estate & Business News – September 5, 2017
Gilbert’s Agritopia Moves Forward with Commercial Hub Nearly two decades after they first broke ground at Agritopia – the agrarian masterplanned community in the heart of Gilbert – the family behind the ambitious project announced plans to build Epicenter, Agritopia’s commercial hub that will be the final major development built in the district. The project […]
Commercial Real Estate & Business News – September 1, 2017
Moody’s: Amazon May Actually Be the Weakest Major Retailer Despite headlines that Amazon (AMZN) is “eating the retail world,” a new report from Moody’s Investors Service suggests the e-commerce giant may be the weakest of the big retailers. The Moody’s report continues: “And even based on that measure, one could argue that Amazon has been […]
Commercial Real Estate & Business News – August 31, 2017
Scottsdale Approves 150-Foot Towers in Fashion Square Mall Expansion One month after Scottsdale Fashion Square unveiled plans for a 12-phase renovation and expansion that would affect every square foot of the mall, the Scottsdale City Council voted to let property owners build 150-foot towers on the north end of the property…» Chewy.com joining Amazon, Macy’s, […]
Commercial Real Estate & Business News – August 30, 2017
U.S. Second-Quarter GDP Revised Up, Fastest in Over Two Years The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that the momentum was sustained at the start of the third quarter. Gross domestic product increased at a 3.0 percent […]