Commercial Real Estate & Business News June 19, 2018

Rent-to-own giant Rent-A-Center Inc. has agreed to a merger deal with Vintage Rodeo Parent LLC, an affiliate of private and public equity investor Vintage Capital Management, to acquire outstanding shares of Rent-A-Center common stock for $15 per share in a deal valued at $1.365 billion, including the company’s net debt…»
Owners of single-family rental (SFR) homes have learned a lot about how to manage their properties over the last few years. But the most important lesson has been the value of their relationship with their residents. We knew that they would stay longer than apartment renters…»
Arizona’s jobless rate dropped two tenths of a point to 4.7 percent last month, driven in large part by an unusually strong showing in the state’s construction industry. And there are indications on the horizon that trend will continue – unless rising interest rates dampen demand…»
Capital Hall Partners (Brad Hall and Michael Bronska) partnered with Blue Vista Capital Management to acquire the former ASML R&D facility located in the prestigious ASU Research Park, Tempe, Arizona. The 113,000 square foot building was constructed in 2002 and served as the global training facility until 2017…»
The Fort McDowell Yavapai Nation is set to break ground on a new casino that is expected to open in 2020. Construction on the 166,341-square-foot casino will start later this summer. It will feature a larger casino than the tribe currently operates, a garden court, high-end dining, a sports bar with an entertainment stage and other amenities…»