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Commercial Real Estate & Business News October 31, 2019

Analysis: Light Industrial Sites Take Spotlight from Megawarehouses Even as the growth of e-commerce has lifted the entire industrial and logistics real estate sector, a sweet spot has emerged: warehouses smaller than 120,000 square feet, according to a new report from CBRE. CBRE analyzed U.S. industrial buildings by size and found that “light industrial” properties outperformed…»
Highly Anticipated Grocery Store Debuts in Downtown Phoenix
The highly anticipated downtown Fry’s Grocery store opened its doors this month. Fry’s is the first full-service grocery store in downtown Phoenix, and will serve the growing number of people who live and work in the area. In recent years, Downtown has transformed from a sleepy submarket to a hotbed for multifamily, retail and entertainment activity.…»
CMBS Delinquency Rate Still Trending Down in September
The 30+ days delinquency rate went down by 3 basis points, according to Trepp, and 4 basis points, according to Fitch Ratings.As industry researchers expected, the 30+ days CMBS delinquency rate continued trending down in September. The all-property delinquency rate declined by 3 basis points during the month to…»
Wellness Features Are Becoming A Must Have for Hotels, New Report Claims
The impact of wellness features on the revenue of a hotel is no longer limited for very high-end hotels or luxury resorts, according to industry sources.”Hotels are using wellness to distinguish themselves from others and to remain competitive. With new hotel openings, the buying power has shifted to consumers, and therefore hotels are using…»
Stability, Conservative Strategies Define STNL
PHOENIX-It’s not exactly an expansive time for retail. And with recessionary talk taking more space in the news cycle, that’s a good thing. This theme carries through to retailers occupying the single-tenant net lease space, and as Scott Holmes, SVP and national retail director for Marcus & Millichap explains…»