Commercial Real Estate & Business News – August 19, 2021

Target Corp. executives said the company might reach annual sales of $100 billion for the first time in its history, and the chain plans to spend some of that windfall on its property.To keep gaining ground, CEO Brian Cornell said Target is going to put money into its bricks-and-mortar stores in the form of renovations…»

With COVID-19 largely (hopefully) in the rearview mirror, capital is pouring into real estate funds at a level comparable to pre-pandemic levels, and even exceeding that for certain property types.The investment strategies being pursued by much of this capital will be different than in years past, and the,…»

The June single-family rent increase of 7.5% was the highest year-over-year hike since at least January 2005, according to the CoreLogic Single Family Rent Index.The increase was also five-times that of the hike a year earlier. Rent growth is running well above pre-pandemic levels when compared with…»

Fitzsimons Innovation Community recently broke ground on a new cell and gene therapy manufacturing building at the 125-acre science and technology campus in Aurora, CO. Bioscience 5 will provide 90,000 square feet of flexible space designed to cater to life sciences.Bioscience 5 will be…»

The Novus Innovation Corridor, which will eventually include 355 acres of mixed-use development on the northeast side of Arizona State University’s Tempe campus, is well into the third phase of development, and several new buildings are going to start taking shape soon in the corridor.At a luncheon Monday hosted by…»