Commercial Real Estate & Business News May 20, 2019

How a Cheap, Brutally Efficient Grocery Chain is Upending America’s Supermarkets Running a supermarket in America has never been harder. Profits are razor thin. Online shopping and home delivery are changing the way people buy their food. Dollar stores and drugstores are selling more groceries. Pressures are so intense that regional chains like Southeastern Grocers, the owner of Winn-Dixie and Bi-Lo, filed for…»
Has the Phoenix Market Already Matured?
Phoenix was on the last metros in the country to recover from the recession, and because of the late recovery, many investors have the expectation of an extended runway. However, with the flood of capital into the market, has Phoenix already moved past “emerging” status and into maturity? “In terms of whether Phoenix is still emerging or is a mature market,…»
What’s the Takeaway from This Year’s Tax Season for HNW Real Estate Investors?
For nearly 30 years, tax professional Ken Van Damme, a partner in the private client services practice at professional services firm EY, has advised high-net-worth (HNW) individuals on their commercial real estate holdings. “I’ve kind of been there, done that and seen a lot,” Van Damme says. During his career, one of the biggest tax changes he’s seen that…»
Arizona Rents Stay Under the National Average with One Exception
RENTCafé’s April Rent Report reveals that Arizona rents are keeping shy of the national average, except for Scottsdale. While rents in the U.S. have seen a 3% upwards move compared with last year, the rest of Phoenix Metro as well as Tucson, have some catching up to do until they reach the $1,436 level of the national average. Here are the highlights of…»
Gilbane Development Company and P.B. Bell Announce Opening of New Mid-Rise Apartment Community in Chandler
Arista at Ocotillo, a new luxury mid-rise apartment community developed by Gilbane Development Company, recently opened in Chandler. The $40 million community is part-owned by P.B. Bell, a leader in multifamily housing development, management and acquisitions, who is also serving as the third-party management firm. Located at 3200 S. Dobson Road, Arista…»