Commercial Real Estate & Business News July 12, 2019

Retail Rents Are Rising Across the Board, But at a Glacial Pace Despite continuing U.S. store closures, retail rental rates are trending slightly higher, and some argue that the overall retail sector is in relatively good shape. “When you take all retail product types, the overall asking rents are going up,” says James Cook, Americas director of retail research with real estate services firm JLL. “That belies or…»
Dollar General Has a New Strategy to Win Wealthier Shoppers
Dollar General is turning to a new strategy to push its budget-conscious shoppers to spend more at stores and attract wealthier customers hunting for bargains by expanding into home furnishings, kitchenware and party supplies. Dollar General (DG) has become a dominant force in retail by offering everyday items at…»
Long-Time Developer Preps Shopping Centers for Future
Michael Pollack, owner of Michael A. Pollack Real Estate Investments, has been in the real estate business for almost half a century.During that time, he has been involved in more than 11 million square feet of real estate projects worth more than $1 billion. He owns and operates dozens of retail center around the…»
Toll Brothers Moves Forward on 800-acre Surprise Community
Toll Brothers Inc. is moving dirt in Surprise for an 800-acre community it has named Sterling Grove. Construction of 14 model homes can be seen by drivers on Loop 303 in the West Valley, said Bob Flaherty, Arizona division president for Horsham, Pennsylvania-based Toll Brothers (NYSE: TOL). The company will invest about…»
HonorHealth Hits Construction Milestone With New Valley Hospital
HonorHealth, a leading Valley healthcare system serving an area of 1.6 million people, brought together staff and community members today to celebrate the topping out of its sixth Valley hospital located at Interstate 17 and Dove Valley Road in north Phoenix. Dozens of people attended the event commemorating the last major…»