Commercial Real Estate & Business News November 4, 2019

Why Secondary and Tertiary Markets Present a Compelling Multifamily Investment Opportunity CRE cap rates are expected to remain unchanged, but investors looking for financing should benefit from lower rates.The Federal Reserve opted to cut interest rates for the third time this year at its October meeting, by a quarter percentage point, to a range of 1.50 to 1.75 percent. But while lower rates should…»
You Now Can Stroll this Arizona Mall with Beer, Wine or Hard Drinks in Hand
Until now, you could enjoy a beer or glass of wine at your favorite shopping mall restaurant or bar – but, except for occasional special events, not in the shopping center itself. That prohibition is ending in Arizona, meaning you will be able to stroll through certain shopping centers with an alcoholic beverage in hand pretty much any time…»
More Room at the Inn
Brent Menzel describes his tenure as general manager of the Marriott Phoenix Chandler as being akin to a piece of classical music.When he was hired in April to run the property that was still under construction and prepare it for its opening, he said it started off mellow and slow. “You have time to do things. You have time to get to know people, time to…»
Sprouts CEO to Take Company’s Grocery Store Design in a New Direction
It’s been just over 100 days since Jack Sinclair took over as CEO of Sprouts Farmers Market Inc. (Nasdaq: SFM), and he is ready to implement a whole new strategy that changes the Phoenix-based grocer’s store format, growth plan and marketing efforts. Even though the new strategy is in the beginning phases, Sinclair laid out the plan’s broad strokes on…»
Increase in Healthcare Jobs Fuels Medical Office Space Market
The Greater Phoenix medical office space market performed well during third quarter, rebounding from a challenging performance during second quarter, according to a report from Colliers International. Medical job growth hit 3.7 percent during the first three quarters of 2019, outpacing the 2.7 percent overall employment increase. Net absorption of…»