Commercial Real Estate & Business News – March 31, 2021

The Canadian company that owns the giant Valley-based convenience store chain Circle K Stores Inc. is selling off hundreds of locations, including 17 in the Arizona. Alimentation Couche-Tard Inc. announced on March 22 that the company would be putting a total…»

While there is a learning curve as the medical-marijuana net leased asset niche continues to evolve, there are some investors looking to get in on the ground floor of ownership. Leases on these assets are attractive as they usually present minimal landlord expense responsibilities…»

Plans are moving along for a multifamily apartment complex near Dynamite Boulevard and Insterstate 17, according to a local homebuilder. The complex, called Ascend at Dynamite, will feature a swimming pool, fire pit, ramada and a barbecue and picnic area for its…»

A proposal to preserve large rural land tracts in northern Scottsdale has drawn opposition from the State Land Department and could open the city to lawsuits under a 2006 law designed to preserve private property rights. The proposal, part of the current draft general plan…»

This year, the physical, in-store shopping experience won’t change much. While the vaccine roll out should support more re-openings of businesses and events, social distancing, frictionless experiences and outdoor spaces will continue to be the trend for physical retailers this…»