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Retail might be having a tough 2017, but one could easily start a meme called #NotAllRetail. Neighborhood retail in particular is doing well, and owners of high-quality assets are finding a large pool of willing buyers. 
LA-based Westwood Financial Corp., whose portfolio includes about $1.5B worth of shopping centers nationwide, recently sold the 29K SF Tatum Plaza in the Cave Creek submarket of Phoenix for more than $9.4M to a private investor, SWC 28th and Peoria…
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Work Starts On Major Mixed-Use On Tempe Town Lake
LA-based Fenix Development broke ground on Phase 1 of The Watermark | Tempe at the north bank of Tempe Town Lake. The first phase of the 1.9M SF mixed-use development will include 250K SF of office, 44K SF of high-end…
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4 Things Brick-And-Mortar Retailers Can Do To Lure Back Shoppers
E-commerce's explosive growth has diverted revenue from brick-and-mortar establishments, massive chains and mom-and-pops. But analysts lamenting the death of the physical store may be mourning prematurely. Perspective is necessary. E-commerce represents single-digit percentages of consumer spending in many categories. It…
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Bulk Condos In Mesa Sell For $8.5M
Bulk condo deals are a little unusual these days, but they still occur occasionally. Recently, a Canadian private investor sold 86 of the 96 total units in Sage Luxury Condominums in Mesa to a private investor from Arizona for $8.5M, or about…
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Is Industrious Like A Marriott? CEO Hodari Seems To Think SoIndustrious wants to grow. It has more than a dozen new locations in its pipeline this year, but the co-working player does not want to own offices or pay rent for every square foot of its locations, Industrious CEO Jamie Hodari said. Instead, Industrious is exploring a leasing model for future locations more akin to the way hotels operate. |
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New Real Estate Fund Managers Face Toughest Market In DecadeDespite routinely outperforming their more experienced counterparts, emerging real estate fund managers are having a difficult time closing deals in a market where investors are exercising caution amid uncertainty over how long the current positive economic cycle can run. |
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