Commercial Real Estate & Business News – July 22, 2020

Restaurant Sales Grew in June, But Remain Below Pre-Pandemic Level
Business picked up for the restaurant industry in June, but total sales still fell well below pre-pandemic months, according to an analysis of US Census Bureau data by the National Restaurant Association. Restaurant and food service sales totaled $47.4 billion in June-marking the second straight month…»
Aldi to Open Four Valley Stores Before the End of the Year
After years of working behind the scenes, German grocery brand Aldi has announced it will open several stores in Arizona by the end of the year. The discount grocer, which has its U.S. headquarters in Batavia, Illinois, confirmed four locations will open in November and December. Information…»
Walgreens Expands Reach With DoorDash Deal
Walgreens customers in several major cities are now able to order products for home delivery through a partnership with the delivery service DoorDash, adding to the drugstore chain’s recent expansions in its offerings. The delivery option became available in Chicago, Atlanta and Denver July 16 and will…»
Work Begins on Another 300,000 Square Feet of East Valley Office Space
California-based real estate developer Douglas Allred Co. is starting work on two more 150,000-square-foot office buildings at Allred Park Place in Chandler, furthering the plans for more than 1.5 million square feet of mixed-use space at the development. Both buildings will be three stories at the northeast…»
PMG’s Society Phoenix Downtown Multifamily Project Sets Opening for 2021
A co-living multifamily project under construction in downtown Phoenix is now slated to open next summer.Originally called X Phoenix when Phoenix Business Journal broke the story in 2019, the 330-room apartment community is now being called Society Phoenix. The developer is New York-based PMG, which…»