Commercial Real Estate & Business News – December 20, 2017

One of the dominant stock market narratives of 2017 has been the idea that an unstoppable Amazon will destroy traditional retailers and shopping mall owners. So fully has the spectre of retail apocalypse captured the popular investment imagination that one company began marketing a gimmicky exchange traded fund devoted to betting against retailers while simultaneously backing internet companies…»

A joint venture between entrepreneur Dick Portillo, Baum Revision, BlueRoad Ventures and Aparium Hotel Group will move forward on plans to transform the iconic Hayden Flour Mill and Silo buildings into a commercial mixed-use complex with an upscale, independently branded hotel in Tempe…»

School construction was on the radar during 2017, from charter schools to private schools to universities in the Phoenix area this year. It also was a big year for Arizona’s three publicly traded universities – with one getting out of the public markets altogether…»

Phoenix-based NexMetro Communities forged a new $100 million construction lending agreement with Vancouver-based investment and lending firm Trez Capital. NexMetro builds for-rent single-family homes under the Avilla Homes brand…»