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Commercial Real Estate & Business News October 2, 2018

The Urban Land Institute has released the ULI Real Estate Economic Forecast, sharing predictions for the U.S. real estate industry through 2020. The results of the semi-annual survey indicate that commercial real estate will remain strong for the balance of 2018 before entering a slightly less robust-albeit still positive-period. “Strong GDP and job growth in 2018 have set the stage…»
Mortgage debt underlying offices, apartments and other non-farm commercial real estate rose the most in any quarter to a record $3.27 trillion as all major investor groups increased their holdings amid strong economic growth. The $52.3 billion growth in the second quarter for debt on office, multifamily, retail, industrial and hotel properties outpaced by 1.6 percent the previous record growth…»
CHICAGO-Need an item from a shelf that’s 40 feet above the warehouse floor? Just ask a picking robot in whatever language you want. Multilingual voice controls, the Internet of Things and emerging technologies are adding new efficiencies to the modern warehouse in a climate of rising costs, according to a new JLL report. Even as operators introduce more warehouse technology,…»
Another Aldi Inc. store has been proposed for the East Valley. The discount German grocery chain is looking to make a big splash in the region, and has another location under consideration at an Oct. 3 Gilbert planning commission meeting. The proposed Aldi will be built at the southwest corner of Pecos Road and Market Street in Gilbert across the street from a WinCo Foods Inc. store.…»
GILBERT, AZ-Homebuilder Maracay has closed on the purchase of 115 acres of land here that will eventually be part of a master-planned community that will span 236 acres between the communities of Gilbert and Chandler, AZ here. The Scottsdale, AZ-based firm acquired the 115-acre parcel for $31.6-million and follows up a buy earlier this year of an adjoining 41 acres in Gilbert.…»