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Commercial Real Estate & Business News May 17, 2019

What to Expect at RECon 2019 ICSC’s RECon conference-the “Super Bowl” of retail real estate-is just days away. Thousands of real estate developers, brokers, owners and retailers will soon descend upon Las Vegas for the huge networking and deal-making conference. At this year’s show, held May 19 to 22, hot topics will include the leasing needs of emerging retailers, changing consumer…»
Bricks to Clicks: Online Stores Get Real
“Many online retailers that started opening brick-and-mortar stores have seen anywhere from a 30 to 40% increase in sales.” So says Rick Scardino, a principal in the Chicago office of Lee & Associates. He and his Temecula, CA-based colleague, SVP Brian Bielatowicz, are seeing the bricks-to-click trend growing in both regions, and little wonder. A rising amount of…»
Downtown Gilbert May Get New Apartments, Hotel, Offices, Retail Space
A new development proposed for Gilbert’s booming Heritage District includes a five-story apartment complex, boutique hotel, and office and retail space. The Gilbert Town Council will vote Thursday on an agreement with Heritage North Partners, LLC, for the sale and development of nine acres of town-owned land on the southwest corner of Gilbert Road and…»
Kona Grill Co-founder in Houston Offers Opening Bid for Foundering Restaurant Chain
Kona Grill Inc. is looking to be purchased out of bankruptcy protection this summer – and its co-founder has entered the first bid. The Scottsdale-based restaurant chain already has a number of parties interested and should have a new owner by July 25, according to a motion filed May 14 with U.S. Bankruptcy Court for the District Of Delaware. Bidding on…»
Tucson Evolves into a Hot Spot for Technology and Innovation
There’s a reason why nationally-recognized companies such as Amazon, Caterpillar, Raytheon Missile Systems, Bombardier, GEICO, Homegoods, Hexagon Mining, and other powerhouses set their sights and sites on Tucson. How did this former seemingly small college town transform into a home for more than 1 million people, 160 new and expanding…»