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Commercial Real Estate & Business News – March 11, 2015

Macerich, Simon Deal Could Give Landlords Leverage Over Retailers

If Simon Property Group’s proposed acquisition of Macerich Co. goes through, some think it might hurt retailers. “I don’t think the average person will see any impact from this. I think the real impact is probably to merchants,” said Mark Stapp, a professor of Real Estate Practice at the W.P. Carey School of Business at Arizona State University. “Merchants lose bargaining power when you consolidate.”… Read more »

H&M Clothing To Open New Locations In Glendale And Gilbert

Clothing retailer H&M is opening two new stores in the Valley. The retailer announced Monday that it will open a new store at the Arrowhead Towne Center in Glendale. It is expected to open during fall 2016. Another location is set to open at San Tan Village in Gilbert in 2016, too… Read more »

Construction Lender Risk Management

The Construction Lender Risk Management community held its annual Construction Lender Risk Management roundtable recently in Phoenix. The roundtable brings together lenders, risk managers, counsel and consultants to discuss construction risk management policies and issues facing the industry in today?s regulatory and credit climate, and to share strategies for dealing with these issues… Read more »

Phoenix is No. 1 City For Healthcare Jobs, ZipRecruiter Says

The job market has had its ups and downs over the last few years, but the healthcare industry has consistently added jobs no matter how bad the overall economy got. The future of healthcare employment looks bright as well, with government estimates indicating that almost 3 million jobs are set to be added in the healthcare industry by 2022… Read more »

Great Hearts To Open Three Phoenix-Area Charter Schools

With a waiting list of 11,000 students, Great Hearts Academies can’t grow fast enough to keep up with demand. The Phoenix-based charter school is opening two schools in south Chandler and another in Litchfield Park this fall, and is eyeing Scottsdale and central Phoenix to add six more academies over the next few years. “In some sense, we can’t grow fast enough,” said Erik Twist, the new CEO of Great Hearts Arizona. “We’re hindered by real estate and manpower.”… Read more »