Dollar Stores Show E-commerce Resilience

By Les Shaver for GlobeSt.com  While many CRE sectors and product types have floundered after COVID-19 hit, one industry has continued to flourish.  In the second quarter, cap rates for dollar stores fell a 12-basis point decrease when compared to the prior year, according to The Boulder Group.  There are some long-term concerns for the sector, most notably […]

2020 CRE Outlook: How Phoenix Shapes Up

By Steve Burks for AZ Big Media Consistency may be boring, but when it comes to the commercial real estate outlook and the Greater Phoenix commercial real estate industry, no change is good for business. The United States is in what most economic experts feel are the latter stages of a growth cycle that is […]

SimonCRE to Redevelop Former Retail Center

Source: SimonCRE SimonCRE closed on a former Safeway-anchored shopping center, Park Northern, located at the NEC of 35th and Northern avenues in Phoenix. The former Safeway burned down in a fire last July, due to storm damage causing a roof collapse and broken gas line. Now, one year later, SimonCRE is set to redevelop and […]

Why Incentivize When There’s Nothing to Buy?

By Roland Murphy for Arizona Builder’s Exchange While I tend to lean slightly toward optimism, no one has ever accused me of a rose-colored worldview. Some of the reports that have crossed my desk recently have reinforced my, “That’s good news, but…” default outlook. Nearly everyone, including Millennials, is tired of stories focused on Millennials. […]