Commercial Real Estate & Business News October 25, 2018

After opening 30 grocery store locations around the country during 2018, Sprouts Farmers Market (NASDAQ: SFM) plans to do the same during 2019. The Phoenix-based specialty grocery chain announced Tuesday that next year the company plans to open approximately 30 stores, including seven during the first three months of the year. Sprouts currently operates more than 300 stores in 19 states and has plans…»
A Charlotte, North Carolina-based developer is putting a year-old luxury apartment complex up for sale in Phoenix – a market that has emerged as one of the most reliably strong apartment markets in the country since climbing from the wreckage of the housing crisis and recession. The 349-unit Crescent Highland Landing, located at 4626 N. 16th Street…»
Arizona and Colorado are among the top multifamily target markets on the West Coast. Hines is now expanding its multifamily business in the two markets, and has tasked Robert Trujillo, who was recently hired as a managing director, to expand in the markets. Hines already has a presence in these markets, but the recent growth in these markets and improving fundamentals…»
Construction of the Great Wolf Lodge Arizona, the first indoor water park in the state, utilized tilt-up construction to build the water slide tower, unlike many of the other Great Wolf Lodges across the nation. Tilt-up construction creates a faster and safer process for workers and has enabled the project to move forward efficiently from concept to operation. Recently, the first slide…»
PGilbert’s Big League Dreams is now called Cactus Yards and will reopen Feb. 9 under the town’s control. Gilbert spent $42.7 million to open the youth sports facility in 2008 and abruptly closed it more than a year ago citing safety concerns. The town then terminated its contract with the private operator, Big League Dreams Gilbert. The two have been in a court fight ever since, primarily over facility upkeep.…»