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The looming battle between German supermarket operators Aldi and Lidl for a share of the U.S. market is getting into high gear. In mid-June, the Neckarsulm, Germany-based grocery chain Lidl began opening the first 20 stores of its planned 150 locations in the U.S., an expansion that retail real estate professionals have anticipated with both curiosity and some wariness about how the brand will impact the U.S. grocery market.…» |
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Earlier this month, the Fed announced another quarter-point increase to interest rates-a change that was widely anticipated. With further hikes expected throughout the course of 2017, how will the commercial real estate industry be impacted? And who will feel the effects most?…» |
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BH Equities LLC and Investcorp in New York City, N.Y. have joined forces to buy the 432-unit Arcadia Cove apartments located at the southwest corner of 44th and Oak streets in Phoenix. A company formed by the venture partners paid $71.5 million ($165,509 per unit) to purchase the 18-acre property, which used to be the site of Gerard High School. The seller was formed by Bascom Arizona Ventures LLC and Glenn Daiutolo, who operates from Scottsdale)…» |
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In what can be viewed as a supreme vote of confidence in the West Valley housing market, D.R. Horton Inc. in Phoenix paid $60.259 million ($30,760 per lot) to acquire 1,959 finished lots within the Tartesso community in Buckeye. The seller in the cash transaction was Tartesso Partners LLC, a joint venture formed by Quantum Capital LLC in Phoenix, Bixby Bridge Capital LLC in Northbrook, Ill. and Dolphin Partners Inc. in Irvine, CA. The home sites purchased by D.R. Horton are the last remaining finished lots within the 3,375-lot Tartesso community, which is located north of Interstate 10 and has a main entrance at the northwest corner of Indian School Road and Sun Valley Parkway…» |
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Homes are selling fast in the United States, typically on the market for just 77 days and leading to severe supply issues, the latest analysis report suggests. Across the country there were 9% fewer homes for sale in May 2017 with the market recording the greatest drop in inventory since August 2013 when inventory was down more than 10%, according to the report from real estate firm Zillow…» |