Commercial Real Estate & Business News – October 19, 2022

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…»

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…»

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 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…»

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…»