Commercial Real Estate & Business News April 17, 2018

BUCKEYE, AZ – No-frills grocer, Aldi, has plans to open a store in Buckeye, Arizona. Anne De Chance, communications manager for the City of Buckeye, said the discount grocery chain broke ground last week near Yuma and Watson roads. She said the store would open either late this year or early 2019. Aldi confirmed it was “currently exploring opportunities in Arizona as well as several other markets,” according to a statement…»
Isaac Larian, CEO of MGA Entertainment Inc., one of the world’s leading privately held toy and entertainment companies, put in a formal bid of $675 million to buy both the U.S stores as well as $215 million to buy the Toys R Us stores in Canada. The funds to purchase both the U.S. and Canadian stores will come from Larian’s own coffers, additional investors and bank financing…»
Working on behalf of the Griffin Capital Essential Asset REIT, Griffin Capital Co. has acquired the McKesson Scottsdale Campus from Ryan Companies US Inc. The pair of two-story, Class A office buildings in Scottsdale, Ariz., changed hands for $67 million. Cushman & Wakefield’s Chris Toci, Chad Littell, Greg Mayer and Jim Wilson represented the seller in the transaction…»
JLL has scoured the globe for the weirdest, most wonderful and prophetic innovations of foodservice and shortlisted five mega trends that landlords and restaurateurs should watch in 2018 in its recently released Global Food Trends report. According to the report, launched today at ICSC’s Food for Thought conference, the amount Americans spend on eating out has overtaken grocery purchases…»
Despite accidents that can happen with self-driving cars such as the one the reported in Arizona, humans are still far more likely to cause an accident. In fact, according to the National Highway Traffic Safety Administration, 94% of all accidents are caused due to human error. Experts must still work out the technical issues. The future of cars is changing and with it, the environment around them…»