Commercial Real Estate & Business News April 29, 2019

Spec Development Set to Break Ground in Phoenix Opportunity Zone A joint venture between Conor Commercial Real Estate and Globe Corp. has assembled three parcels in the Airport submarket for a new speculative industrial build. While the land site would have made an attractive development prospect regardless, the Airport submarket is an opportunity zone, which made the project particularly attractive to the developers.”This is in an opportunity zone in Phoenix, which we…»
Prepare for Aldi’s First Wave of Phoenix Stores
For more than a year, German grocery chain Aldi Inc. has purchased millions of dollars worth of land around Phoenix, but the timing of its market rollout has remained a mystery.The discount grocer, which has its U.S. headquarters in Batavia, Illinois, has yet to announce when and where it will open its Valley stores, but information gathered by the Phoenix Business Journal indicates Aldi has plans to open at least…»
What it Took for this Homebuilder to Negotiate an $80M Land Deal to Build in North Phoenix
Sometimes it takes a different strategy to convince homeowners that your project will be a good fit in their neighborhood.On March 26, D.R. Horton Inc. paid $80 million for 122 acres from the Marley family, according to Vizzda real estate database. Plans call for building 706 homes ranging between 1,800 and 3,500 square feet on the property.In the Arlington, Texas-based homebuilder’s case, it took an entire year prior to…»
Graycor Kicks Off Southern Portion of Gilbert Spectrum
On behalf of SunCap Property Group, Graycor Construction Company has started construction on a new, 135,745-square-foot flex industrial building at the Gilbert Spectrum industrial project. The building kicks off development in the southern portion of the 63-acre project, which is situated at the southwest corner of Elliot and McQueen roads in Gilbert, Arizona. The building, known as Building One, is one of…»
Matching Amazon’s One-Day Pledge Won’t Be Too Hard for Walmart
Walmart Inc. could easily match Inc.’s one-day delivery gambit, according to an analyst who previously worked at the world’s largest retailer.”One day shipping is neither shocking nor difficult for retailers at scale,” Brandon Fletcher, an analyst at Sanford Bernstein, said in a note Friday.Fletcher, who previously worked in Walmart’s strategy and operations departments, said the retailer’s existing network of…»