Commercial Real Estate & Business News January 15, 2020
Trader Joe’s No Longer the Top-ranked US Grocer; Sprouts Slips in Latest Study A new ranking of the top grocery stores in the U.S. shows how competitive the supermarket business has become and how chains that constantly innovate are able to win over consumers. National data science firm Dunnhumby released its rankings of the top supermarkets […]
Commercial Real Estate & Business News January 14, 2020
Joint Venture Pays $60 Million for Tempe Mixed-Use Center A joint venture of Wexford Developments and Argosy Real Estate Partners bought the Centerpoint on Mill, a mixed-use center in downtown Tempe, Arizona, for $60 million. An AMC move theater anchors Centerpoint on Mill, which has five buildings totaling 139,000 square feet at 740 S. Mill Ave. […]
Commercial Real Estate & Business News January 13, 2020
Retiring Baby Boomers Could Reshape Real Estate As the heart of the baby boomer generation begins to hit retirement age, what boomers will do instead of work has the potential to transform multiple sectors of the real estate industry. About half of all baby boomers have hit the age of 65, and while exact retirement ages […]
Commercial Real Estate & Business News January 10, 2020
Six Predictions for the Retail Sector in 2020 It was a brutal year for the U.S. retail sector, despite a robust economy and healthy consumer spending. Massive store closures, retailers’ right-sizing, changing consumer behaviors, new delivery models and the upheaval of e-commerce competition impacted the sector. However, there’s also opportunity. Traditional retailers are rethinking…» Rivulon Gears […]
Commercial Real Estate & Business News January 9, 2020
Construction to Begin Soon on Largest SkySong Building Construction on the largest office building in the SkySong development in south Scottsdale will begin in May and leasing activity is already underway. SkySong 6, the sixth office building and seventh structure in the complex on the southeast corner of Scottsdale and McDowell roads, will be 90 feet […]
Commercial Real Estate & Business News January 8, 2020
US Shopping Mall Vacancies Hit Two-decade High Vacancies in US shopping malls have hit the highest level in at least 20 years, a milestone that shows how landlords are struggling to come to terms with the age of Amazon. More shopping centre units lay empty across the country at the end of 2019 than any time […]