Commercial Real Estate & Business News August 16, 2019

Celebrity Chef Giada de Laurentiis Opening Two Restaurants at Caesar’s Republic Scottsdale Hotel Arizona is no stranger to having celebrity chefs in the kitchen nor having our restaurants and chefs placed in the national spotlight on TV shows like “Diners, Drive-Ins and Dives,” “Chopped,” “Man vs. Food,” and “Beat Bobby Flay,” among others. Scott Conant, who is a regular on Food Network’s programs, helms the kitchen at…»
How Walmart’s Secret Weapon in its Quest to Outmaneuver Amazon Has Rejuvenated the Giant Retailer
For a business expected to lose nearly $2 billion this year, Wall Street sure is high on On Thursday the company reported its second-quarter earnings, which topped expectations and raised its outlook for the full year, building on the momentum in its core U.S. business, online operations and investments into…»
Phoenix Retail Build Delivers 100% Leased
Developers MainSpring Capital Group and Palmer Development have completed the first phase of The Block in Scottsdale with and is 100% pre-leased. The retail space includes 14,000 square feet of shop space and three freestanding pads, which are pre-leased to national tenants including Texas Roadhouse and White Castle. The impressive…»
Stockbridge Acquires 26-Property Industrial Portfolio
Investment firm Westcore Properties has sold a 6.35 million-square-foot, top-tier industrial property portfolio to Stockbridge Capital Group, among the latest signs of high activity among investors in a hot U.S. property sector. The portfolio of 26 properties in nine U.S. cities was assembled over the past three years in primarily…»
Developer: Fire in Tempe Won’t Delay Watermark Opening
Despite creating a huge smoke plume that could be seen for miles across the Valley Wednesday, the fire at the construction site of the Watermark in Tempe will not delay the project’s opening. “The fire that broke out was small and isolated to a small area of a steel structure of the retail building,” Mike Loretz, project manager…»