Commercial Real Estate & Business News – July 21, 2021

Retail sales edged up in most categories in June and were up across the board on a yearly basis. That’s according to the National Retail Federation, which reported that June retail sales were up 0.8% from May and 12.1% year-over-year. (NRF’s calculation of retail sales which excludes…»
With the easing of the COVID-19 pandemic and vaccinations readily available, more grocery shoppers feel comfortable returning to stores, a new survey by The Feedback Group showed. Over four times as many consumers plan to shop more often in a grocery store this year versus those who plan to…»
Demonstrating seniors housing’s strong resilience from the COVID-19 pandemic’s adverse impacts, the vast majority of operators report pent-up investment demand and positive leasing trends in the first half of 2021, according to the CBRE U.S. Seniors Housing & Care Investor Survey. Survey respondents indicate…»
Wespac Construction Inc., Phoenix, recently completed Cowden Logistics Center, a 285,131 square foot industrial space, developed by Trammell Crow Company and featuring Butler Design Group as the Architect. Cowden broke the record for the heaviest panel lifted in the U.S., as…»
Claycorp / CRG bought 75.24 acres of land in Glendale for $20,483,546, according to the commercial real estate tracking website Vizzda. The price breaks down to more than $272,000 per acre. The land is located at the northeast corner of Reems Road and Glendale Avenue in Glendale. The seller was..»