Commercial Real Estate News – March 10, 2020

The New Normal: Real Estate Settles In for a Coronavirus Disruption
The last week saw a surge in coronavirus cases both in the U.S. and worldwide, driving a sharp downturn in global stock markets and raising concerns that the outbreak’s impact, both in terms of health and the economy, is poised to deepen. The commercial real estate business…»
Life Time has Biggest Opening Ever at New Biltmore Fitness Center
Life Time Inc. opened its latest location in Phoenix Friday and company officials said it’s the largest-ever opening for the upscale fitness center operator.The new location, within the Biltmore Fashion Park, is Life Time’s fifth in the state and first new operation since 2007. It marks the first Life Time location in Arizona…»
Former Henkel Scottsdale Headquarters Transformed into Office Space
After buying the former Henkel Corporate Center in north Scottsdale, new owner Stockdale Capital Partners has renamed the building and is looking for tenants after former laboratory and research and development space in the structure has been turned into office space. The building, now called the Ilume Innovation…»
Deal Drivers: Why 2020 Is Shaping Up to Be a Strong Year for Investment
Multifamily investors, owners, and brokers had a very active 2019, with record-breaking acquisition volume, and 2020 is underway with optimistic expectations. “We expect sustained enthusiasm and capital for multifamily investment through 2020, along with deep pools of debt capital…»
RVI Sells Grocery-Anchored Power Center for $84 Million
Independent publicly traded company Retail Value Inc. (RVI) has sold the grocery-anchored Tucson Spectrum in Tucson, Arizona, to North American Development Group, a full service real estate platform with more than $5 billion of assets under management…»