Commercial Real Estate & Business News March 6, 2019

Retail Leaders Doubling Down on Brick-and-Mortar-For Good Reason
The future of retail lies in its past: brick-and-mortar stores. And the future is as bright as ever. Retailers around the world are stepping up their data analytics game in the physical shopping realm, leveraging new technologies such as AI, cloud and robotics to not just enrich the customer cross-channel experience but dramatically…»

Amazon to Open New, Cheaper-Than-Whole-Foods Grocery Stores
Amazon plans to open “dozens of grocery stores in several major U.S. cities,” with the first location in Los Angeles likely to open its doors by the end of the year, according to a Friday report from The Wall Street Journal. If there’s a little question mark floating over your head and you aren’t sure why, it’s because Amazon bought Whole Foods…»

Retail Economics: It’s Time to Re-invent the Operating Model
For as long as we can remember, the retail economic operating model was well-understood and relatively predictable, with total retail sales predominantly made through brick-and-mortar stores. Retail was essentially a fixed-cost business, with the possible exception for some retailers who used a commission sales force. But even that…»

CWS Capital Partners Buys Chandler Apartment Complex
Newport Beach, California-based CWS Capital Partners purchased a 320-unit apartment complex in Chandler from P.B. Bell Asset Management and Stonecutter Capital Management. Alante at the Islands sold for $59.6 million, or about $186,000 per unit. The Class B, garden-style complex at 2222 N. McQueen Road comprises…»

New Multifamily Development Activates Central Corridor
Circa Central Avenue, a new multifamily project, developed just south of Phoenix Art Museum and adjacent to the Metro Valley light rail, is open, accepting new residents and is activating the central corridor. Hunt Companies, Inc., Tilton Development Company and Ryan Companies US, Inc. have completed the six-story project that…»