Commercial Real Estate & Business News – October 19, 2022

Kimco Cashes In on Kroger-Albertsons Megamerger

Kimco Realty, one of the largest publicly traded owners of grocery-anchored shopping centers, wasted no time taking advantage of Kroger’s planned $24.6 billion acquisition of rival grocer Albertsons Cos. The deal, announced Friday, immediately boosted…»

Will Arizona See a Recession? Here’s What Experts Say


Arizona State University economist Dennis Hoffman is fascinated by weather. In a different life, he’s an oceanographer, focused on running simulation models to predict weather patterns or events. Instead, Hoffman’s reality is grounded in numbers, although…»

Developer Buys Valley Land for Industrial Facility in Growing Employment Area

Phoenix-based ViaWest Group recently acquired a large property in the West Valley for a planned industrial park that’s slated to include nearly 2 million square feet of space across 15 buildings. The overall site totals about 144 acres in Glendale on the…»

Metro Phoenix Evictions Climb Again, Judgments Against Renters Highest Since Great Recession

Metro Phoenix eviction filings climbed again in September as the average judgment against renters hit a new record. Landlords filed to evict 6,685 renter households last month, according to Maricopa County Justice Courts. That’s up from 6,574 in…»

Met With Overwhelming Demand, RED Garners Highest Price-Per-Square-Foot Office Rents in Arizona History

RED Development announced that the Class AA office building at The Grove, the highly anticipated mixed-use destination in Phoenix, is now 100% fully leased prior to the completion of construction, which is a first in Arizona commercial real estate history…»