Commercial Real Estate & Business News – June 13, 2014

With the rise of ecommerce, who needs shopping centers or malls? Amazon will ship whatever we need right to our door – maybe by even sending a cool little drone buzzing around our neighborhood one day. But with all of that one-click convenience, online shopping is projected to account for just 5-6% of consumer packaged goods sales in 2015, according to Nielsen… Read more
The week-over-week pace of chain store sales followed a rolling coaster pattern over the past two weeks with a strong surge in spending at the end of the May fiscal month that was followed by a reversal of the pace in the first week of the five-week fiscal month of June… Read more
Walkability has been a buzzword in the commercial real estate community for the past few years, and the idea that one can “live, work and play” in the same development or area has continued to grow in appeal. Consequently, many of the nation’s developers, businesses, residents and city planners are more interested in mixed-use development than ever before… Read more
A company formed by Buchanan Street Partners paid $32.5 million ($180.49 per foot) to buy a 180,067-square-foot office project located at the northwest corner of Stapley Drive and Baseline Road in Mesa. The seller was a company formed by The DESCO Group Inc. The two-building complex, called Stapley Corporate Center I & II, was 93 percent occupied at closing… Read more
A 19.55 acre parcel of undeveloped land near the Chicago Cubs’ new Cactus League facility was sold by Los Angeles-based real estate investor and developer, Montana Avenue Capital, for $5,798,286 or $6.81 per square foot… Read more