Commercial Real Estate & Business News – July 8, 2021

The U.S. economy gained 850,000 jobs in June and the unemployment rate rose to 5.9 percent, from 5.8 percent, a sign that the recovery of the world’s largest economy is building momentum after misses in April and May. Economists had expected gains of roughly 700,000 jobs and a drop of…»

The US online grocery market posted $7 billion in sales this May, a drop of nearly 16% percent from $8.3 billion in May 2020, said a new report from S&P Global Market Intelligence. But at three times its total from August 2019, merchants remain optimistic it is a safe place to expand…»

The nation’s largest privately owned homebuilder has closed a $33 million deal to acquire 153 acres approved for 533 homes in Queen Creek. Mattamy Homes, which is based in Orlando, Florida, said the property — known as Empire Pointe, on the north side of…»

KB Home bought 39.9 acres of land in Gilbert for $12,999,000, according to the commercial real estate tracking website Vizzda. The price breaks down to nearly $326,000 per acre. The land is located at the southwest corner of Higley Road and Riggs Road in Gilbert…»

The city of Phoenix is seeking a developer to lease and develop a mixed-use project, which will include affordable or workforce housing, on a city-owned site near 14th and Jefferson streets. According to a request issued by the city, at least 50% of the apartment units in the…»