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Commercial Real Estate & Business News August 11, 2019

Venture Capital and Commercial Real Estate Venture capital is changing commercial real estate at an astonishing pace. GlobeSt.com recently caught up with Andrea Jang, head of growth Americas for JLL Spark, to gain insight on how venture capitalists choose what to fund, how their funding will change CRE, and how to keep pace with the changes. The topics we focused on will be…»
Can the American Dream Mega-Mall Succeed in a Changing Retail World?
After more than two decades years of starts and stalls, countless developers and several anticipated opening dates, the often tight-lipped Triple Five Corp. announced last month that the $5 billion American Dream mega-mall in the New Jersey Meadowlands will open Oct. 25. Or at least portions of it will. The press release didn’t…»
The Ritz-Carlton, Paradise Valley Prepares for Summer 2020 Opening
Set in the coveted resort town of Paradise Valley, Ariz., within the heart of vibrant Scottsdale, construction on The Ritz-Carlton, Paradise Valley is well underway for the luxury property that will span over 20 acres and boast 215 guest accommodations. “We are thrilled to expand our resort portfolio with The Ritz-Carlton, Paradise Valley and…»
Hotel Planned for Downtown Phoenix Parking Lot
A downtown Phoenix parking lot could soon be redeveloped into a hotel. Mortenson has plans to build an eight-story, 240-key hotel on the 0.6-acre parking lot on the northeast corner of Second Avenue and Adams Street, said Nick Wood, a partner at Snell & Wilmer who is the attorney for the developer. The hotel will be a…»
First Phase of New Retail Project on Valley Tribal Land Completed
The first phase of construction of the Block at Pima Center, which will include the first White Castle restaurant in the western U.S., is already fully leased. The Block is under development by MainSpring Capital Group & Palmer Development and located at Loop 101 and Via de Ventura on the Salt River…»