Sunday, February 17, 2019

Retail M&As in the News

Foot Locker announced that it will buy Runners Point Warenhandelsges, a German athletic store chain with more than 200 stores for approximately $94 million as it expands in Europe. Sears Holdings has formed a new unit to market space from Sears and Kmart stores for data centers, disaster recovery space...

Wall Street Buyers Behind the Rise in House Prices

By Nathaniel Popper / The New York Times, June 4, 2013 The last time the housing market was this hot in Phoenix and Las Vegas, the buyers pushing up prices were mostly small time. Nowadays, they are big time — Wall Street big. Large investment firms have spent billions of dollars over...

Tornado Relief Donations Welcomed at A Family Discount Storage’s 17 Locations

A Family Discount Storage would like to remind everyone that World Care Civilian Emergency Relief Center is collecting emergency relief supplies for victims of the recent and ongoing tornadoes and storms in the Midwest. More than 60 million Americans are still at risk as severe storm and tornado warnings...

HB-2443 Stops Waiver of Rights for Tucson Businesses

Reported from the Arizona Daily Independent, June 2, 2013 HB-2443 passed the House Final Read with a unanimous vote and was signed into law April 10th by the governor, effective 90-days after the end of the 2013 legislative session. The new law is significant for Tucson businesses because it makes it...

Arizonans Spending Up 8.2% – Industrial Leases To Follow

A recent report from Cushman & Wakefield indicates a stong correlation is found between U.S. retail sales and U.S. industrial leasing activity. We know retail sales measure economic activity in the economy and thus serve as an important indicator of economic health.  But, only those retail categories subject to the...

Plan Tucson Final Public Hearing Tonight

Plan Tucson will replace the 2001 General Plan adopted by Tucson Mayor and Council and retified by the voters in 2001. State law requires that every ten years, a jurisdiction revisit its existing general plan and either readopt that plan or adopt a new plan. The City chose to...

Arizona Unemployment By County & 100 Largest Employers

The seasonally adjusted unemployment rate in Arizona was 7.9% in April, for the third consecutive month. The U.S. seasonally adjusted unemployment rate decreased one-tenth of a percentage point from 7.6% in March to 7.5% in April. A year ago the Arizona seasonally adjusted rate was 8.4% and the U.S....

Largest Office Development In AZ To Be 105-Miles From Tucson

TEMPE, Ariz. (May 24, 2013) – The City of Tempe announced today that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by ASU adjacent to Tempe Town Lake. The project is subject to city council approval of a development agreement within the next month, the...

JCC Annouces $3.9 Million Capital Campaign at 2013 Annual Meeting

(Press Release) Tucson Jewish Community Center (JCC) announced at its 2013 Annual Meeting held on May 7, 2013, the public launch of their capital campaign, Growing with Southern Arizona. This campaign is for the planned expansion and renovation of the 100,000 square foot JCC facility . Nearly 150 attendees,...

Tucson REALTORS® raising funds to aid Oklahoma tornado victims

The Tucson Association of REALTORS® (TAR) has started a special fund-raising effort to help the victims of the massive tornado in Oklahoma that has killed dozens and destroyed millions of dollars in property. In partnership with the Oklahoma Housing Foundation REALTOR® Relief program, a 501(c)(3) non-profit entity, TAR members and...

CBRE Looks Like A Million Bucks at ICSC

The 2013 ICSC convention held from May 19 - 21 in Las Vegas ended successfully, with the sentiment that the table has turned for retail. RECon is the global convention for the shopping center industry and provides networking, deal making and educational opportunities for retail real estate professionals from around the world. With...

Sprouts files $300 million IPO

According to a Reuters news report, Phoenix-based  Sprouts Farmers Markets, Inc. financially backed by Apollo Global Management, LLC a private equity firm located in New York, filed last week to raise $300 million in its initial public offering of common shares. The application with the SEC did not divulge...
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