Commercial Real Estate & Business News – September 9, 2016

Sprouts Farmers Market Inc. is opening its 250th store in the East Valley. The Phoenix-based grocer will open its new location at 2060 E. Baseline Road in Mesa on Sept. 21. Sprouts has a long history with the East Valley: the grocer opened its first location in Chandler …»
With nearly 4.4 million people, Greater Phoenix is the 13th largest metropolitan area in the US and the region’s population is expected to nearly double in the next two decades, according to city of Phoenix statistics…»

Phoenix’s first light-rail extension is anchoring a new vision for the city’s north-central neighborhoods along 19th Avenue, where community leaders want to improve safety and revitalize an area they’re calling “19 North.”…»

Walgreens Boots Alliance is exploring the potential divestiture of hundreds of more properties to remedy concerns raised in discussions with the Federal Trade Commission (FTC) regarding its review of its pending acquisition of Rite Aid. …»
CMBS issuance in the first half of the year was far below expectations, as stock market volatility and worrying global economic news took their toll. Fallout was most apparent in the second quarter, but now sources say CMBS spreads are recovering…»