Commercial Real Estate & Business News – April 25, 2017

The commercial real estate industry is experiencing a period of see-sawing in asset values. While the three major CPPIs that track the market have stayed flat or showed slight declines during some recent month, they also registered minor increases during others.…»
I was standing in front of the dairy case at my local Bashas’ store when a perfect stranger read my mind aloud. “What are we going to do when this store closes?” she asked. I turned from the milk selection with a mournful look. “I don’t know,” I said.…»

Sears Holdings Corp. (NASDAQ: SHLD) expanded its previously announced plans to close 150 stores this year by adding another 50 locations to its store-closing list, and is now turning its attention to selling another $700 million in properties. …»

While hotel developers are building new properties in almost every segment of the hospitality business, there is one asset type that’s experiencing the most construction: upscale limited-service hotels. “The hotel business is firing on all cylinders, filling more rooms than ever,” …»
North Scottsdale residents in the McDowell Mountain Ranch area will get a popular neighborhood hangout when The Vig opens in May. The Vig, known as one of best patio bars in the Valley, already has four Valley locations. The new restaurant is in a new standalone building on the southwest corner of Bell Road and Thompson Peak Parkway…»