Phoenix, AZ – CBRE has been awarded the marketing assignment for the ±1 million-square-foot mixed-use Esplanade complex, including buildings I, II, IV and V. The landmark office and retail development is located at the southeast corner of Camelback Road and 24th Street. LBA Realty, who purchased Esplanade I, II, IV and V from MetLife in […]
CBRE Awarded Marketing and Leasing for Iconic Esplanade Complex Read More »
The big news this week was Macerich Co. turning down a $22.4 billion takeover bid by rival Simon Property Group, using some of the state’s premier shopping centers referred to as Arizona trophy malls a reason for rejection of the offer. The proposed deal would have greatly expanded Simon’s presence and influence in Arizona, offering
Macerich: Arizona Trophy Malls reason to Reject Simon’s $22.4 Billion Bid Read More »
Macy’s to acquire Bluemercury Cincinnati, OH In its first acquisition in 10 years, Macy’s announced this week it has signed an agreement to acquire luxury beauty products retailer Bluemercury for $210 million in cash. The privately held Bluemercury, based in Washington, D.C., currently operates about 60 specialty stores in 18 states, primarily in prime street-level
National Retail Changes this week that will soon be felt in Arizona Read More »