Commercial Real Estate & Business News – August 6, 2020

Arizona Gyms Must Get Opportunity to Show They Can Safely Reopen, Judge Rules in Rebuke of Ducey
Arizona gyms must be given a chance to reopen within a week, a Maricopa County Superior Court judge ruled on Tuesday, marking the first time during the pandemic that Gov. Doug Ducey has faced a rebuke of his actions to fight the coronavirus. Gyms, led by Mountainside Fitness and Eos Fitness, challenged the…»

Higher Rent Collections For Scottsdale-Based Real Estate Company
A Scottsdale-based real estate investment trust said more tenants are open for business but not as many as it predicted two months ago. Store Capital buys, manages and invests in single-tenant real estate, like restaurants, retail, movie theaters, early education centers and private schools. In mid-June…»

Oak Street Bets $355 Million on Cracker Barrel During Pandemic
While some sit-down dining chains have struggled during the pandemic, Oak Street Real Estate Capital, on a buying streak of late, is betting on as many as 126 Cracker Barrel restaurants across the United States in two deals valued at $355 million. The Chicago-based private equity firm completed a sale-leaseback…»

AZRE Forum 2020: East Valley vs. West Valley
This is part one of a three-part video series that makes up the 2020 AZRE Forum, the annual mid-year market report that looks at the factors that are driving the Phoenix economy and commercial real estate industry. The AZRE Forum is the annual mid-year market report…»

Newly Formed Scottsdale Real Estate Firm Closes on First Property, Seeks Other Acquisitions
Scottsdale Development Partners, a new real estate development and investment firm created by a former Vestar vice president, closed on its first Phoenix area acquisition and is in the works for several other projects throughout the western U.S. David Malin, founder of…»