Commercial Real Estate & Business News April 30, 2019

Public, Private Development Ramping up Around Desert Ridge Miles of empty desert land in north Phoenix near Desert Ridge Marketplace could be Phoenix’s next hotspot for development, panelists at a Friday forum hosted by Valley Partnership said.In January, 5,700 acres of state land near the mall came back into play after U.S. Bankruptcy Court issued a ruling granting Crown Realty & Development master developer status for the area. The land had been controlled by…»
5 Phoenix Neighborhoods Where Rents are Increasing the Most
Looking to call the Valley of the Sun home?Or, maybe you already live in Phoenix and you’re just looking to avoid costly rent increases when you move next.Regardless, has done some research to determine the neighborhoods in Phoenix where monthly rental prices are increasing the most. Dividing midtown Phoenix, the Central Avenue Corridor is one of the most popular neighborhoods and is…»
Slow Growth for Amazon in-store Sales, but Online Delivery is Up
While the big takeaway from Amazon’s first-quarter earnings report on Thursday was the announcement of free one-day shipping for Prime members, there was plenty of other news in the report and subsequent earnings call of interest to grocery retailers.The company notched a record $3.6 billion in profit on almost $60 billion in sales during the first quarter of 2019, compared to a $1.6 billion profit on…»
Is Industrial Activity Slowing in Phoenix?
Like all things Phoenix these days, the industrial market is on fire. Ecommerce is driving leasing activity and helping to drive vacancy rates to record lows of 7.2% and rental rates to record highs of $0.59, according to the latest report from Kidder Matthews. Last year was a particularly strong year for industrial activity in Phoenix with 7.5 million square feet in net absorption, and while reports forecast strong activity in…»
Retail Investment Trends
Understanding current retail investment trends and creating a cogent strategy  based on those trends calls for sorting out a variety of complex, even contradictory forces. With a steady stream of store closings from familiar brands such as Sears, Victoria’s Secret, Kmart, Payless Shoesource and JC Penny, the retail real estate investment outlook for the next few years admittedly appears to be sobering. Meanwhile,…»