Commercial Real Estate & Business News – June 26, 2017
Will Lidl Cause a Major Disruption to Traditional Supermarkets? The looming battle between German supermarket operators Aldi and Lidl for a share of the U.S. market is getting into high gear. In mid-June, the Neckarsulm, Germany-based grocery chain Lidl began opening the first 20 stores of its planned 150 locations in the U.S., an expansion […]
Commercial Real Estate & Business News – June 23, 2017
Starlight US Multi-Family Buys Properties in Phoenix, Austin for $154.8 Million Starlight U.S. Multi-Family (No. 1) Value-Add Fund has acquired two properties located in Round Rock, TX and Phoenix comprising 943 multifamily units for a combined $154.8 million. The transaction was closed with a combination of funds raised from the initial public offering for the […]
Commercial Real Estate & Business News – June 22, 2017
Sales Rebound For Single-Family & Apts. WASHINGTON, DC-Existing-home sales were looking up again in May following a drop in April, the National Association of Realtors said Wednesday. The metric was closely watched not only as an indicator of the residential market but also of the the health of the economy as a whole…» Scottsdale Property […]
Commercial Real Estate & Business News – June 21, 2017
Canadian Firm Enters Market with $41.81 Million Deal for 194 Apartments in Tempe Tempe – Brass Enterprises Inc. in Toronto, Ontario, Canada (Ephry Merkur, pres.) has entered the Valley multi-family market with the $41.81 million ($215,515 per unit) acquisition of the 194-unit Aura on Broadway apartments at 1221 E. Broadway Road in Tempe…» Fed’s Fischer […]
Commercial Real Estate & Business News – June 20, 2017
Home Sales Pop, Construction Permits up in a ‘Seriously Strong Housing Month’ New home sales jumped more than 28 percent in May, construction permits were up 18 percent and existing homes sale were up more than 13 percent compared to a year ago. That is according to the much-watched RL Brown Housing Reports research report […]
Commercial Real Estate & Business News – June 19, 2017
Amazon Acquires Whole Foods In Game-Changing Deal for Retail Real Estate In its first large-scale push into brick-and-mortar retail, Amazon (Nasdaq: AMZN) announced it has agreed to buy Whole Foods Market, Inc. (Nasdaq:WFM) in an all-cash merger transaction valued at $13.7 billion. …» Phoenix a Hot City for Available Tech Jobs Phoenix has been ranked […]