Commercial Real Estate & Business News January 10, 2020

Six Predictions for the Retail Sector in 2020 It was a brutal year for the U.S. retail sector, despite a robust economy and healthy consumer spending. Massive store closures, retailers’ right-sizing, changing consumer behaviors, new delivery models and the upheaval of e-commerce competition impacted the sector. However, there’s also opportunity. Traditional retailers are rethinking…»
Rivulon Gears up for Next Phase of Development
Nationwide Realty Investors announced today the next phase of development at Rivulon, the expansive master-planned, mixed-use project located at the corner of Gilbert Road and Loop 202. On Wednesday night, the Town of Gilbert approved designs for the two, four-story, 160,000-square-foot office buildings, with an adjacent…»
Agritopia in Gilbert Breaks Ground on High-end Apartments with Makers Space, Restaurants, Shops at Epicenter
With shovels in the ground and cranes in the air, developers broke ground on Thursday on the final piece of development that will bring more restaurants, apartments, a fitness studio and other retailers to Agritopia, a unique master-planned community in Gilbert. Agritopia has gained national acclaim for combining its agricultural roots…»
Scottsdale Developer Investing $325M to Build Workforce Housing in Metro Phoenix
Scottsdale-based Greenlight Communities LLC is investing $325 million to build apartment communities in a move that company officials say will help address housing affordability in metro Phoenix. The company has four projects under construction and is in escrow to buy land to build another six around the Valley – an effort that will…»
The Net Lease Case for Big Box Retail
Locally-based Quantum Real Estate Advisors recently closed a $70 million portfolio that consisted of three single-tenant Walmart Supercenters and one Home Depot Home Improvement store.The transaction comes as retail leaves behind a brutish 2019 that saw 9,300 store closings, according to Coresight-a record year that was up…»