Commercial Real Estate & Business News – June 23, 2022

Grocery Store Sales Stay on the Rise in May

Despite an overall dip in U.S. retail sales, grocery store sales registered strong growth in May as elevated inflation lifted prices but led many consumers to rein in spending in discretionary categories. May U.S. retail and foodservice sales totaled…»

Taking Off: The Live-Work-Play Concept


The idea of living in a rental unit that’s close to work and entertainment isn’t new—it’s been around for decades. But research gathered by RentCafe suggests that the number of apartment units located in…»

Real Estate Development Firm Closes on Sale of $130M Industrial Building in Buckeye

PHOENIX — A real estate development firm said Wednesday it closed on the sale of a $130 million industrial building in Buckeye. Creation, headquartered in Phoenix, sold 10 West Commerce Park located on…»

New Glendale Mixed-Use Project to Begin Construction Next to State Farm Stadium

Plaza Cos. is preparing to kick off development of a 62-acre entertainment mixed-use project next to the State Farm Stadium in Glendale. It’s likely the first project to be built at the newly named…»

Cohen Asset Management Buys Suburban Phoenix Facility

Cohen Asset Management, of Los Angeles, has acquired a newly completed, 862,622-square-foot logistics property at 2600 Miller Road in Buckeye, Ariz. The asset is fully leased to toy maker Funko Inc., of Everett, Wash…»