Commercial Real Estate & Business News June 11, 2019

Aldi Moves into Walmart’s Backyard Less than a mile from Walmart’s massive headquarters in Bentonville, Arkansas, a new neighbor has settled in: German discount grocery store Aldi.Aldi opened a store in Bentonville in October. It’s part of Aldi’s $5 billion plan to expand to 2,500 stores in America by the end of 2022, up from around 1,900 today. Aldi is on track to become the third-largest…»
Sundt Completes Light Rail Extension in Mesa
Sundt Construction, Inc. ( and its joint venture partner Stacy and Witbeck recently completed the Gilbert Road Light Rail Extension in Mesa, Arizona. “This project will open up mobility between Phoenix, Tempe and Mesa,” said Project Manager Chris Elison. “And when you draw people in, you create business opportunities. Sundt and…»
More Millennials Opt for Hotel Stays Rather than Short-Term Residential Rentals, Survey Says
In the latest battle for vacationers’ affections, hotels and resorts may be winning over short-term residential rentals, at least according to a survey of millennials in the Southwest. The survey, from Phoenix-based advertising agency Lavidge and WestGroup Research, shows millennials prefer staying at a traditional hotel or resort to…»
Managing Risk and Returns in Late-Cycle CRE Investments
We’re all hearing it: despite many positive economic indicators, the commercial real estate world is buzzing with late-cycle concerns. For developers and those invested in development projects, this uncertainty affects investment strategy. In this market, project timelines are more important than ever, because a significant market shift during the…»
Phoenix’s Metro Center Could Be an Example for Malls Across US
Phoenix’s Metro Center mall could become a shining example of what is possible for malls across the country-at least that is what developer’s are hoping. Carlyle Development Group and Capital Asset Management have launched the first of a series of redevelopment projects planned foe the 1.4-million-square-foot retail center. The first will…»