Commercial Real Estate & Business News January 15, 2020

Trader Joe’s No Longer the Top-ranked US Grocer; Sprouts Slips in Latest Study A new ranking of the top grocery stores in the U.S. shows how competitive the supermarket business has become and how chains that constantly innovate are able to win over consumers. National data science firm Dunnhumby released its rankings of the top supermarkets on Jan. 8, with San Antonio, Texas-based H-E-B as the…»
25-story Adeline Breaks Ground in Downtown Phoenix
Hines, the international real estate firm, announced today it has broken ground on Adeline, a 25-story, 379-unit luxury for-rent residential high-rise community at the Collier Center in downtown Phoenix. The new development is near Talking Stick Resort Arena and the new downtown Fry’s grocery store, and the site is one of the last…»
Nation’s Largest Homebuilder Launches West Valley Active Adult Community
Lennar Corp. plans on investing about $600 million in Surprise, where the Miami-based company is looking to build about 2,000 entry-level to luxury homes. Of those homes at its Asante community, about 1,500 will be in Lennar’s new active adult community called Heritage at Asante. With four model homes nearly completed,…»
High-end NE Mesa Housing Plan Wows Zoning Panel
An undulating swath of pristine desert in northeast Mesa will be named The Reserve at Red Rock and become just the sort of resort-caliber residential community the city envisioned when it auctioned off the land last year. In return for the $21.1 million land sale, Blandford Homes, one of Mesa’s premier builders, plans to build…»
Top Trends Impacting Commercial Real Estate in 2020
Avison Young today released its global 2020 Forecast, including 10 trends to know for 2020, and national and local property market outlooks for markets around the world. The annual report series provides perspective on how global events, trends and indicators impact commercial real estate in a variety of sectors, including capital…»