Commercial Real Estate & Business News November 26, 2018

Private equity real estate funds remain flush with capital, but putting that money to work is becoming increasingly difficult amid intense competition and a late stage market cycle. The big story in private equity real estate funds in recent years has been the rising volume of “dry powder” available as more capital continues to flow to the sector…»

Investors should hurry if they want to take full advantage of the benefits afforded in Opportunity Zones. The biggest incentives of opportunity zones are tax deferral, but there is a deadline. For that reason, investors should act quickly if they want to invest in Opportunity Zones and take advantage of those financial benefits. …»

The Scott Resort & Spa is the latest Phoenix-area hotel to wrap up a multimillion-dollar renovation. The 204-room property at 4925 N. Scottsdale Road received $15 million in upgrades during more than a year redesigning its guest rooms, adding suites, renovating its public spaces and opening the Canal Club, its restaurant, bar and lounge concept. The […]…»

Houston-based Mattress Firm Inc. has completed its financial restructuring and emerged from Chapter 11. According to a company announcement on Nov. 21, the process was completed in the expected time frame of 45 to 60 days. When the company filed for bankruptcy protection on Oct. 5, it said it would close up to 700 of its approximately 3,300 stores nationwide…»

The holiday shopping season got off to a hot start as consumers flooded into stores and logged onto e-commerce sites in search of deals. Real-time figures from Mastercard projected that overall sales totaled $23 billion on Black Friday alone. That’s up about 9% from the day after Thanksgiving last year. Mastercard projects that overall holiday sales from November 1 through Christmas Eve should grow by 5% this year. …»