Commercial Real Estate & Business News – September 10, 2021

Holiday sales are expected to be 7% higher this season compared to last year — the metric is almost double the industry’s historical growth, which tends to run 3% to 4%.That’s according to a new report from KPMG, which surveyed 114 U.S. retail executives across the country from companies of more than $500 in…»

After a seasonal lull in new commercial mortgage-backed securities offerings in late August, the post-Labor Day pipeline is delivering deals again. New financings involving recent acquisitions by Blackstone Group and Brookfield Property REIT lead the surge so far.The rush of activity reflects lenders’ willingness to support the…»

CapRock Partners, a Newport Beach, California-based industrial real estate development and investment firm that has been increasingly active in the Phoenix market for the past five years plans to begin construction in November on the largest speculative industrial park within the city of Phoenix.The park, named…»

A billionaire’s proposal to build a sustainable city in Arizona has at least one local technology leader excited, but real estate experts pointed out a few significant challenges to bringing the massive metropolis to the state.Marc Lore, the co-founder of Diapers.com and former president and CEO of Walmart U.S. eCommerce, announced…»

It was once a place where people cleared out after work, where most restaurants closed by 3 p.m., where only the occasional sports game or First Fridays art walk drew a younger crowd. The ASU Downtown Phoenix campus changed that.Now Arizona State University students live and learn on the Downtown Phoenix campus, bringing an…»