Commercial Real Estate & Business News November 30, 2018
Scottsdale Shopping Center to Become Creative Office, Restaurant Space A Scottsdale shopping center will receive a $14 million renovation to transform into creative office, retail and restaurant space. Denver-based DPC Cos., plans to revamp the property, located at Scottsdale Road and Shea Boulevard, to convert it to about half office space and half retail […]
Commercial Real Estate & Business News November 29, 2018
Florida Housing Developer Plans $500M Worth of Projects in Phoenix Delray Beach SofA Apartments by Related Group. The company is looking to expand to the Phoenix area, and could build apartments similar to this one in Florida. One of the nation’s largest multifamily developers is readying to break into the Arizona market with investments […]
Commercial Real Estate & Business News November 28, 2018
Brick-and-Mortar Retailers Serving Online Shoppers Lead the Holiday Pack Brick-and-mortar retailers that transformed their stores to accommodate online shoppers were the biggest winners during the weekend shopping rush, the first test of what’s forecast to be a strong holiday shopping season. Retailers with both a physical and online presence such as Target and Walmart […]
Commercial Real Estate & Business News November 27, 2018
Behind the Deal: How Nationwide’s Huge Scottsdale Development Helped Open ‘Leapfrogged’ Area Nationwide Mutual Insurance Cos. has had a presence in Scottsdale for decades. What’s more, the company’s real estate arm, Nationwide Realty Investors, developed Gainey Ranch Corporate Center, where the company housed many of its employees. When the insurance giant outgrew its owned […]
Commercial Real Estate & Business News November 26, 2018
Private Equity Real Estate Funds Battle Challenges to Deploy Capital Private equity real estate funds remain flush with capital, but putting that money to work is becoming increasingly difficult amid intense competition and a late stage market cycle. The big story in private equity real estate funds in recent years has been the rising volume […]
Commercial Real Estate & Business News November 21, 2018
The Monday Morning Quarterback Let’s start with the Arizona economy this week. The only way to put it is that the state’s economy, powered mainly by Greater Phoenix, is doing very well. Greater Phoenix is, in a word, booming. While virtually the entire spectrum of the job market is expanding, not surprisingly it is […]