Commercial Real Estate & Business News – October 4, 2016

Bass Pro Shops has agreed to buy competitor Cabela’s Inc. for $65.60 a share in cash, valuing the deal at about $5.5 billion. Sidney, Neb.-based Cabela’s (NYSE: CAB) announced the deal Monday, ending a week of speculation about the outdoor sports retailers…»
After taking a two-year break from adding to its Valley portfolio, Whitestone REIT in Houston, Tex. (NYSE:WSR, James Mastandrea, CEO) has invested $72.5 million to buy 241,763 sq. ft. of space in two retail plazas located in Scottsdale…»

Arizona lost 39 bank branches over the past year, mirroring a national trend that has been shaped by consumers’ increased willingness to transfer money, make deposits and conduct other business electronically.…»

Nearly 78,000 units came on line in the third quarter, the biggest block of quarterly new supply delivered this cycle, according to the latest report from RealPage’s MPF Research. But a seemingly insatiable appetite persists among renters, who demanded 109,600 units in Q3. …»
Plans to advance Eastline Village, a seven-story mixed-use development, were approved Thursday evening at Tempe’s City Council Meeting. The DMB Associates Inc. development is located at 2025 E. Apache Blvd. along the light rail and will be a multi-phase project.…»