Commercial Real Estate & Business News – December 18, 2017

Retail sales in November increased 0.9% over October on a seasonally adjusted basis and were up 6% year-over-year, according to the National Retail Federation. Online and other non-store sales increased 10.5% year-over-year…»

Greg Vogel, CEO at Land Advisors Organization, described the theme of the event as “vitality at last,” as a reference to Phoenix’s long, slow and steady recovery since the last downturn and positive market conditions being faced today…»

ASU isn’t completely leaving the city empty-handed. Thunderbird’s 140-acre campus offers a prime redevelopment opportunity and consolation prize for Glendale. Following this week’s news of Thunderbird’s move downtown, ASU shared its plans for the Glendale campus. It will work with the city to develop a master plan for redevelopment. ASU President Michael Crow envisions a mixed-use project with residential, commercial and educational projects…»

In its most recent deal, Bixby bought the West 10 Business Center – a 146,663-square-foot building at 4703 West Brill Street. That is in southwest Phoenix in between 43rd and 51st avenues off the busy I-10. It is in the same distribution neighborhood as logistics centers for FedEx (NYSE: FDX), (Nasdaq: AMZN) and Kroger (NYSE: KR). Kroger is the parent of company of Fry’s Food & Drug Stores…»

Homebuyers looking for affordable, low maintenance homes now have a few more options in Maricopa thanks to Fulton Homes. Nearly a decade after they built 900 homes in their community called, “Cobblestone Farms,” they’ve returned to build 400 more in Glennwilde…»