Commercial Real Estate & Business News – May 19, 2021

Cap rates for highly desirable assets have compressed as the COVID-19 pandemic winds to a close, as limited supply and investor optimism drives up prices in certain regions of the US. Despite contracting yields, the margins for well-positioned assets remain wide when compared…»

Walmart is relying on price cuts to stand out from its competitors and gain market share as inflation drives up prices on a wide range of goods and the pandemic eases its grip. The retail giant had about 30% more discounts in its stores during the first quarter than in the year-ago…»

Retailers started announcing changes to face mask policies for fully vaccinated customers a day after the Centers for Disease Control and Prevention issued new masking guidelines. Trader Joe’s, Walmart, Sam’s Club, Costco and Publix were among the first to confirm updates to…»

A developer planning to build a swimming lagoon and entertainment destination in Glendale closed on the land for the project Friday, paying $27 million for the parcel near 95th Avenue and Cardinals Way. ECL Glendale LLC bought the land, according to Maricopa County public…»

Effective Friday, May 21, the City of Tempe will no longer require a mask or face coverings in public spaces, though masks are urged for those who are unvaccinated. Masks also are strongly recommended to be worn for the sake of those who are more vulnerable, such as…»