Commercial Real Estate & Business News – July 12, 2017

Nashville has had the nation’s most dynamic office market, and illustrates how secondary cities have become so important. CHICAGO-Tenants within the US office sector became a bit cautious during the winter, but leasing activity rebounded strongly in the second quarter, according to a new report fromCushman & Wakefield. Net occupancy grew, and nationally, landlords were able to push up rents to a new high…»
While retail stores and shopping malls throughout the nation struggle to survive and remain relevant, the owners of Scottsdale Fashion Square are seeking approval for changes they say will ensure the popular mall’s future remains strong and vital. Lauded by many as one of the most popular shopping destinations in the country, Scottsdale Fashion Square is home to hundreds of retail shops from Forever 21 and Dick’s Sporting Goods, to Jimmy Choo and Louis Vuitton…»
PHOENIX, Arizona – The Phoenix industrial market is teeing up for its fourth consecutive year in which absorption gains outpace new construction, according to the Q2 Phoenix Industrial Insight Report released today by the Phoenix office of JLL. According to JLL, nearly 60 percent of newly completed industrial properties are pre-leased at delivery, with large users taking advantage of new product in the development pipeline…»
(Bloomberg)-Add Albertsons Cos. to the growing list of companies haunted by the specter of Inc.’s takeover of Whole Foods Market Inc. Almost two years after the grocer postponed its initial public offering, Albertsons’ management and its private equity backers have put renewed plans for a listing on hold again, according to people familiar with the matter…»
Houston-based fast-casual Mexican concept Uberrito has, for the first time, expanded its brand into the franchising game, starting right here in Arizona. Rick and Ryan Howard, who operate a Pita Jungle franchise, have signed on as the company’s initial franchisee with a multi-unit commitment for three future locations in Arizona. Rick Howard has been a franchisee and franchisor for several other concepts such as Pizza Hut and Peter Piper Pizza…»