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Commercial Real Estate & Business News September 9, 2019

This Corridor Has Quickly Become the Hotspot for Retail and Hospitality Development in Phoenix Several new projects in varying stages of development will join the cluster of retail, entertainment and hospitality tenants in Phoenix’s Central Scottsdale submarket. The area surrounding the Talking Stick entertainment corridor within Salt River Pima-Maricopa Indian Community along the Loop 101 has become a mecca for experiential retail in…»
Amazon is Opening New Locations of its 4-Star and Books Stores
The retail giant will open a new outpost of 4-Star in Boston and add another Amazon Books location in Nashville, per Geekwire. Now, Amazon will operate five 4-Star stores and 19 Amazon Books stores, helping expand its proprietary retail footprint and further grow the segment outside of Whole Foods, which comprises the bulk of…»
Trade War Increasing Demand for Industrial Space on Both Sides of the U.S./Mexico Border
The U.S. trade war with China is casting a cloud of uncertainty over the U.S and global economies, but it is having a positive impact on industrial real estate on both sides of the U.S./Mexico border. According to ATISA Industrial, a Tijuana-based industrial real estate developer, some U.S. manufacturers operating out of China are seeking…»
Downtown Phoenix Apartment Project to Bring Coworking Space and a Tequila Room
Developers have started work on The Fillmore, a 348-unit apartment building packed with unusual amenities including a shared office space and a “tequila room,” the latest residential project to break ground in the warehouse district of Phoenix’s rebounding downtown. Trammell Crow Co.’s High Street Residential subsidiary and its…»
Top 5 Phoenix Submarkets for Office Transactions
Phoenix’s office market is thriving, bolstered by corporate relocations and one of the fastest-growing populations in the U.S., drawn by the metro’s affordability and the state’s beneficial tax policies. Investment has chased demand: $1.3 billion in transactions closed in the first eight months of the year. While Class A office properties drew…»