Commercial Real Estate & Business News – August 31, 2020

More California Property Investors Eye Arizona in Pandemic for Lower Costs and Taxes
In recent years, Scottsdale, Arizona-based commercial real estate broker Ari Spiro estimates that roughly one-third of his calls have been from California property investors interested in buying Arizona offices, shopping centers, warehouses and apartments. But that interest…»
Massive 320-acre Legacy Sports Park Coming to Mesa
Arizona-based Legacy Cares, Inc. along with Legacy Sports USA, announced today that Legacy Sports Park, a privately owned 320-acre multi-use family sports and entertainment complex will be built in Mesa, Arizona. The project will be located at Ellsworth and Pecos roads…»
Features It Appears that Companies Really Do Plan to Reduce Their Office Footprints
Two companies, both major players in their respective industries, in recent days have indicated that they are shifting their workforce policies to emphasize working from home. JPMorgan Chase is one of these companies. Its employees will be…»
Amazon Takes Aim at Fry’s Parent With First Fresh Standalone Supermarket has opened its first standalone supermarket under a new banner name in what appears to be a direct shot at Cincinnati-based rival Kroger Co., the parent company of Fry’s Food Stores. Amazon opened its first Fresh store Thursday in the Los Angeles area…»
Arizona Gives OK for Bars, Gyms, Theaters and Water Parks to Reopen in Metro Phoenix
Gyms, theaters, water parks and bars that serve food could reopen in metro Phoenix and some other Arizona counties on Thursday. The Arizona Department of Health Services updated its data dashboard at 9 a.m., and the metrics show that businesses in Maricopa…»