Commercial Real Estate & Business News – October 13, 2021
ICSC Sees Holiday Retail Spending Rising Nearly 9% This Year A major trade group for the U.S. retail real estate industry is projecting a roughly 9% rise in holiday spending this year as shoppers return to brick-and-mortar stores and buy gifts earlier, a development that would support retail property values in the pandemic.ICSC released on […]
Commercial Real Estate & Business News – October 12, 2021
More Than 20,000 Apartment-Conversion Units are Slated to Deliver This Year. A Growing Number are in old Office Buildings. The Covid-19 pandemic didn’t invent the real estate conversion model. Buildings have been retrofitted into new uses for generations. But it did, apparently, accelerate the popularity of the model, especially conversions into apartments. A recent report […]
Commercial Real Estate & Business News – October 11, 2021
Kroger Looks to Add Another 20,000 Associates With the holiday selling season up ahead, The Kroger Co. is doubling down in its second nationwide hybrid hiring event. Cincinnati-based Kroger said Wednesday that it aims to hire 20,000 associates in virtual and on-site interviews across…» There is a Severe Shortage of Rental Housing at Every Price […]
Commercial Real Estate & Business News – October 8, 2021
With ‘Revenge’ Buying, Shoppers To Boost Holiday Spending 25%, JLL Survey Finds Shoppers will be making up for the spending they missed out on during the pandemic by jacking up their holiday-gift budgets about 25%, according to an estimate by real estate firm JLL that holds promise for retail property owners.“Revenge shopping, the phenomenon where […]
Commercial Real Estate & Business News – October 7, 2021
As Intel Expands in Chandler, What’s Making Arizona ‘Semiconductor Central’? Intel last Friday broke ground on a $20 billion expansion of its facilities in Chandler, Arizona, building two new fabrication plants, or fabs, at its Ocotillo campus. The two new chip factories – which will be known as Fab 52 and Fab 62 – will […]
Commercial Real Estate & Business News – October 6, 2021
Raley’s Acquisition of Bashas’ helps Regional Grocers Compete with Big Players After Arizona supermarket chain Bashas’ announced Oct. 1 that it would agree to an acquisition by a regional grocery company in California, the question that pops out in hindsight is: Why didn’t this happen before? As privately owned entities, both Bashas’ and Raley’s increasingly […]