Commercial Real Estate & Business News – September 7, 2016

Go-kart racing, indoor rope climbing and laser tag aren’t activities typically associated with back-to-school shopping, but that is what some shoppers at a Syracuse, N.Y., mall are doing. Entertainment offerings at malls have generally been limited to dining…»
Technology is evolving exponentially. On all fronts-business, consumer, user-the Internet has become a necessity. Whether saving company files to the cloud, shopping on Amazon or streaming Netflix, all this data flows through one commercial real estate property type: data centers. This greater demand for data presents a significant opportunity for investors in data center properties. …»

A 60,000-square-foot office building in the Gilbert Spectrum Business Park is the first of several planned buildings that AZ SunCap Property Group is offering in the 63-acre park, located at the southwest corner of Elliot and McQueen roads…»

ITT Educational Service, Inc. will discontinue academic operations at all of its more than 130 ITT Technical Institutes permanently after approximately 50 years of continuous service. Effective today, the Carmel, Indiana-based company has eliminated the positions of the overwhelming majority of its more than 8,000 employees.…»
With food-and-beverage outlets now among the fastest-growing categories in retail centers, a recent report identifies four emerging eatery formats poised for significant expansion: food trucks, food halls, celebrity-chef restaurants and “grocerants.”…»