Commercial Real Estate & Business News May 23, 2019

No More Separating Online From Offline Sales The net result of the trend toward omnichannel retailing is going to be ‘less is more’. So says Nick Garzia, director of leasing in the Southeast, at Hines Retail. He tells that retailers will need fewer stores per market than they used to, but they will need to perform much better. “The store experience has to be more impactful. “This is supplemented with…»
$300M Grande Vita Project Breaks Ground in Mesa
In an ever-crowded senior living market, Grande Vita will clearly stand out. The BioCity Enterprises campus isn’t a static building, it’s an ever-evolving community based on the needs of its residents. “You can come live in a condo, you have independent living, assisted living, you have memory care and you have hospice; so you have the continuum of care, all…»
The Astor at Osborn Officially Opens
High Street Residential and MetLife Investment Management announce that The Astor at Osborn is officially open and ready for occupancy. The 5-story, Class A residential building features 191 residences ranging in size from 583-to-1,358 square feet -with a 5-story parking garage. The mixed-use project is located at 7th Avenue and Osborn Road in the…»
ASU Grads Make Billion-Dollar Impact on Arizona Economy
Sarah Phillips, a student at the Watts College of Public Service and Community Solutions, knew Arizona State University was home from the minute she stepped on campus. The criminal justice major graduated this May with a job offer already on the table, and she will continue to call Arizona home. There were more than 238,000 ASU graduates working in…»
Good Food is Bringing People to the Mall. And They’re Spending More Money When They Get There
Hungry shoppers want good food. And it’s likely they’ll stick around and shop once they eat, benefiting both retailers and real estate owners that are taking note of this. The talk of the biggest gathering of retail real estate professionals in the world, organized by the International Council of Shopping Centers and happening this week in Las Vegas, is…»