Commercial Real Estate & Business News – August 3, 2017

Amazon’s recent acquisition of Whole Foods has prompted a new outlook on the classic brick and mortar structure. Online stores are now more actively seeking to gain presence in brick and mortar stores just as brick and mortar stores are seeking to have a bigger presence online. Amazon’s $13.7 billion purchase of Whole Foods shows an e-commerce giant that is willing to dive into the brick-and-mortar world of retail, an area the e-commerce giant famously disrupted…»
Arizona’s largest health-care provider is partnering with Safeway grocery stores to open retail-based clinics at three different store locations – Chandler, Tempe and Tucson. The initiative is designed to make health care more accessible and affordable, said Corey Schubert, a Banner Health spokesman. Two of the clinics, at 926 E. Broadway Road in Tempe and 4970 S. Alma School Road in Chandler opened Tuesday…»
German grocer Aldi Inc. is looking at entering the Arizona market and is looking at potential store sites in the Phoenix market. That is according to multiple commercial real estate sources who asked not to be identified. The Arizona retail search comes right after Aldi announces plans for a $60 million distribution center in Goodyear. That warehouse will create at least 132 jobs and total 500,000 square feet or more…»
DSW Mesa Grand/Spectrum acquired Mesa Grand and Mesa Spectrum shopping centers located on Stapley and Baseline Roads at US Highway 60 in Mesa, Arizona for $42.9 Million from Vestar Arizona LLC. Tucson-based DSW Commercial Real Estate with investment partner Iridius Capital, purchased the well-positioned “Daily Use and Entertainment” center, which encompasses approximately 233,130 square feet junior anchor, retail strip, and single tenant net lease in a multi-building configuration…»
LOS ANGELES-With CMBS conduits more than doubling their market share compared to a year ago, CBRE’s Lending Momentum Index for the second quarter is up 27% year over year, the firm said Wednesday. All major lending groups saw their volume improve as the pace of commercial loan closings picked up during Q2, notwithstanding the Federal Reserve’s June increase in short-term interest rates. CMBS in particular surged ahead during Q2…»