Commercial Real Estate & Business News – February 24, 2017

After becoming the darlings of shopping center developers and fast-tracking expansion plans, national organic and specialty grocers such as Whole Foods Market Inc. (NASDAQ: WFM) and several regional grocery chains have recently announced plans to trim store counts a…»
Consumers are spending more money on experiences than material goods, including their homes, which gives the CRE industry insight into future projects and planning, MasterCard’s SVP market insights Sarah Quinlan told attendees at MBA’s CREF/Multifamily Housing Convention & Expo 2017…»

If you’re a multifamily property investor, you may be understandably conflicted over the prospect that Federal Reserve Chairman Janet Yellen and her fellow central bank governors are expected to raise interest rates soon. …»

With anchor stores like Giant Foods, Home Depot and Marshall’s, Palmer Town Center in Easton, Penn., is decidedly outside the ranks of trophy properties. Those attributes, however, did not stop 14 investors from bidding on the open-air center before it sold for $32 million. …»

New York-based Rockefeller Group and Investment Property Associates LLC (IPA) were developing two new Class A apartment complexes in the Phoenix market. The projects in Phoenix’s Deer Valley area and Goodyear total 711 units and will be part of IPA’s “Liv” brand.…»