Commercial Real Estate & Business News July 11, 2018

Everyone is talking about how Amazon is turning retail on its head and what it will mean for the future of brick and mortar retail. Home building professionals at PCBC 2018learned more about this disruption in the session, Retail Realities in the Age of Amazon…»

The retail apocalypse is entering its ninth year. Many North American retailers were wiped out in the “retail apocalypse” which started in 2010. Amazon (NASDAQ:AMZN) and Walmart’s (NYSE:WMT) growth, the rise of fast fashion retailers, reserved spending habits after the Great Recession, and dying malls crushed countless retailers.…»

The ownership group of Copper Blues and Stand Up Live in downtown Phoenix is opening another music and comedy venue at Desert Ridge Marketplace in north Phoenix. The business, to be called CB live, is expected to open this fall at the shopping center off Loop 101 at Tatum Boulevard. A press release said the venue will be home various shows including stand-up comedy, national touring musicians, cabaret performances and celebrity appearances. …»

It’s not only singles putting their dreams of owning a house on hold. The Phoenix metro has seen a 42 percent increase in families with children renting during the past decade, according to RentCafe, a nationwide apartment search website. This increase translates to 70,000 more families who are renting…»

Sustainable design features including energy efficiency and good indoor air quality are now becoming so common that they are almost taken for granted. “What used to be exceptional is now everyday,” says Dave Borsos, vice president of capital markets for the National Multifamily Housing Council (NMHC), a multifamily industry advocacy group.…»