Brick-And-Mortar Retail Isn't Going Anywhere, But Seas Of Parking Are Out
August 18, 2016

Brick-And-Mortar Retail Isn't Going Anywhere, But Seas Of Parking Are Out

Find out the latest on Phoenix's office, multifamily and retail developments here!

Brick-and-mortar retail is here to stay. People want something to do and online shopping just won't cut it, according to speakers at our recent Retail and Hospitality event. However, the retail market is certainly changing to reflect consumer demand.

“The demise of the physical retailers has been somewhat overestimated,” Western Vertical Holdings founder and Stockdale Capital partner Bob Agahi said. “Some physical retailers have closed but some online retailers are opening physical locations as well, such as Warby Parker…

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Investors Betting Tech Jobs Will Bolster Chandler Multifamily

Passco Cos picked up a 389-unit apartment community in Chandler, banking on the area's stuffed-to-the-brim office pipeline to bring thousands of new jobs—and residents. By Passco's estimates, Chandler will see an influx of another 17,000 jobs by 2017, which is…

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Donovan's Steak & Chop House Property Changes Hands

The land under Donovan's Steak & Chop House was picked up by Menin Development, out of Palm Beach, FL. The 1.5 acre Camelback Corridor property sold for $6.5M and is 100% leased to Donovan's. “There is a very limited supply of…

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These Retailers Are Making More Money Than Amazon

We all know department stores are suffering from low sales due to e-commerce. Last week, Macy's announced it's closing 100 stores, or 15% of its portfolio, and JC Penney and Gap are making similar moves. 

But that doesn't mean all retailers are struggling. E-commerce king Amazon.com raked in $1.93B in profits and $120.6B in revenue in the past 12 months, but these 10 bricks-and-mortar players are topping thataccording to USA Today.

Click here to read the full story.

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The competition, hosted by real estate consultancy Altus Group in partnership with NAREIT and NACREIF, started in June.

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Can You Pass This Real Estate Quiz Designed By Wharton Grads?

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Do you eat, sleep and breathe commercial real estate? Do all your colleagues seek your advice on how to structure a deal? Does your professional network look to you for expert market analysis and insights? And do friends defer to you with their burning CRE questions?

Take our quiz to see if you're qualified to be doling out wisdom, and refer to our suite of educational videos to accumulate some more to become a certified CRE guru! We partnered with esteemed Wharton professor of real estate, finance and public policy Peter Linneman to bring you these 11 engaging videos, which collectively provide a comprehensive overview of the industry. 

Ready to test your knowledge? Put your thinking cap on and click here.

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Tell us about your juicy news! Mallory.Wilson@bisnow.com