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Commercial Real Estate & Business News – March 29, 2021

Any pricing reductions from the pandemic and economic dislocation will be short-lived. A new survey from CBRE finds that 70% of respondents plan to increase investment by at least 20% this year compared to 2020, but only 30% of investors on the sale-side made the same…»
Indianapolis-based Milhaus is making its Arizona debut with a $175 million apartment community on land recently annexed by Tempe — with plans to build or acquire 2,000 units within the next five years. Milhaus is teaming up with Los Angeles-based development firm…»
The leaders of retail and consumer companies are feeling positive about business prospects during the next three years, but are worried about supply chain challenges. Ninety-two percent of respondents in KPMG’s annual survey of the CEOs of consumer and retail companies said…»
After a multi-year redevelopment that set the bar for luxury retailing, Scottsdale Fashion Square, part of the Macerich (NYSE:MAC) portfolio of one-of-a-kind retail properties in top markets, today detailed its recent successes along with plans to introduce even more new-to-the-market…»
Many believe that the pandemic has triggered a deep bifurcation in the retail market, with winners—like grocery stores and pharmacies—and losers. But, rent collection data shows that only a limited number of retail sectors have seen significant dislocation. Movie theaters…»