Commercial Real Estate & Business News – September 16, 2016
Barnes & Noble Aims to Grow By Shrinking Retail Footprint After lasting through four straight fiscal years of declining sales, from 2013 through 2016, the company is trying to correct its course. In August, the company ousted CEO Ronald Boire, a move that subsequently postponed the retirement of company founder…» Retail Follows Rooftops As population […]
Commercial Real Estate & Business News – September 15, 2016
California Firm Building $38M Regional Center on Tribal Land McKesson, a health care pharmacology, technology and supply vendor, is boosting its Valley presence with a 271,000-square-foot twinned office complex in the Salt River Pima-Maricopa Indian Community. This is a major expansion for the 30,000-employee…» Construction Loans Fall Victim to Concentration Risk Concerns Capital is still […]
Commercial Real Estate & Business News – September 14, 2016
Industrial Space Gets Green Light And Space In a project being called Mainspring Flex Phase III at Pima Center, MainSpring Capital Group has plans to speculatively develop 150,660 square feet of light industrial space suitable for warehouse/assembly/distribution uses in northeast Scottsdale…» Six Apartment Markets That Have Recovered Since the Housing Crash The apartment markets that […]
Commercial Real Estate & Business News – September 13, 2016
Institutional Investors Buy SF Rentals, In Spite of High Prices Despite rising prices, institutional investors continue to buy single-family rentals. The share of single-family homes bought by investors stopped shrinking in 2016, after getting smaller for years.…» CVS Office Center Sells for $40M After $23M Sale in 2015 Irvine, California-based Crown Realty & Development bought […]
Commercial Real Estate & Business News – September 12, 2016
Big-Box Warehouse Sector Breaks Records in Demand, New Construction Modern big-box distribution centers have experienced a massive comeback, with a record number of facilities now under construction nationwide and developers scrambling to repurpose buildings in major markets to appeal to e-commerce tenants. E-commerce has continued to prop up big-box warehouse construction…» Desirable Melrose District Is […]
Commercial Real Estate & Business News – September 9, 2016
Sprouts Opening 250th Store in East Valley Sprouts Farmers Market Inc. is opening its 250th store in the East Valley. The Phoenix-based grocer will open its new location at 2060 E. Baseline Road in Mesa on Sept. 21. Sprouts has a long history with the East Valley: the grocer opened its first location in Chandler […]