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Commercial Real Estate & Business News November 28, 2018

 
Brick-and-mortar retailers that transformed their stores to accommodate online shoppers were the biggest winners during the weekend shopping rush, the first test of what’s forecast to be a strong holiday shopping season. Retailers with both a physical and online presence such as Target and Walmart that aggressively tried to lure online shoppers…»
LA Fitness is taking on a multimillion-dollar renovation project across Arizona, updating older locations and making the Valley one of the first areas to introduce a new workout program. The Irvine, California-base gym brand will spend $13.6 million to update 21 of its metro Phoenix and five southern Arizona locations. LA Fitness, which operates 43…»
SCOTTSDALE, ARIZ. (November 26, 2018) – The Wolff Company-a Scottsdale-based private equity firm and senior living developer-has broken ground on Revel Scottsdale, a new independent living apartment community at 8225 E. Indian Bend Road in Scottsdale, where the former Scottsdale Athletic Club was located. Characterized by celebrity…»
There is a lot of buzz about the potential for Opportunity Zone Funds-a new program that allows investors to defer capital gains taxes by investing in Opportunity Zone funds, which invest in designated under-developed areas. Although guidance about the rules around the program have only just rolled out from the IRS, investors are…»
Consumer spending on Small-Business Saturday (Nov. 24) reached an estimated $17.8 billion, according to organizers American Express and the National Federation of Independent Business. According to an annual survey, Small-Business Saturday spending has hit a reported $103 billion since its origin in 2010. The day, dedicated to supporting…»