Commercial Real Estate & Business News September 12, 2018

Fast-food chain Taco Bell’s plan to open 300 new small-format restaurants across the country in the next four years is the latest by a slew of major national brands experimenting with smaller stores to cut real estate costs and cater to urban millennials. Taco Bell, Barnes & Noble Inc., Whole Foods Market, Kohl’s Corp., Nike Inc., Target Corp. and Nordstrom Inc. are just…»
Andersen Corp., a Minnesota-based window and door manufacturer, will open a $105 million manufacturing and distribution campus in Goodyear, company officials said Tuesday. The first phase initially will include 500,000 square feet of manufacturing and distribution space and is expected to begin construction in early 2019. The campus is expected to be operational by mid-2020.…»
PHOENIX, ARIZ. – There is a new level of energy at Lincoln Property Company’s (LPC) Luhrs City Center this summer, where two restaurants have celebrated their grand openings at the historic downtown Phoenix mixed-use tower and another new restaurant concept has committed to space. La Madeline Country French Café and Serafina Coffee Bar are now open and operational…»
After years of instability, many apartment owners and investors have once again come to depend on conduit lenders to finance deals that other lenders can’t or won’t. “Conduit lenders do more ‘story’ deals,” says Richard Katzenstein, senior vice president and national director at Marcus & Millichap Capital Corp. In particular, many borrowers depend on conduit lenders to cash out, by borrowing against…»
Scottsdale-based Aspirant Development, a leading residential and commercial real estate developer in the Phoenix metropolitan market, announces construction has nearly been completed on The Stewart, a 19-story, 312-unit luxury apartment building in downtown Phoenix. The property will begin pre-leasing in the fall of 2018 and is expected to open its doors in January 2019.…»