Commercial Real Estate & Business News July 18, 2018

Student housing, manufactured homes and industrial property were the top performing commercial real-estate sectors in the past 12 months, according to new data from Green Street Advisors. These three sectors outperformed the broader commercial property market, which saw values remain flat between June 2017 and the end of the first half of this year…»
A $250 million, 7-acre mixed-use development with a hotel, residential complexes and a community open space could replace an abandoned transit station and parking lot in Old Town Scottsdale. Plans submitted to the city of Scottsdale by Canada-based Macdonald Development Co. include a 150-foot-tall hotel and four residential buildings…»
Multifamily investors continue to be eager to purchase value-add apartment assets. The challenge is to find the right property. “Many of the easy deals already have been done,” says Greg Willett, chief economist for Richardson, Texas-based RealPage Inc., a provider of property management software and services…»
Nike’s new store in the upscale Melrose neighborhood of Los Angeles may provide a glimpse into the future of brick-and-mortar retail.  The sports apparel company unveiled Nike Live in Los Angeles. The opening of the 4,600-square-foot store this month coincides with the release of a new Nike app, on which customers can reserve items online…»
It’s no secret Californians have been moving to Arizona in droves during the past several years. According to the latest U.S. Census Bureau, 64,756 Californians moved to Arizona in 2016. But to some market observers, the numbers seem to be increasing lately…»