Commercial Real Estate & Business News – June 26, 2015

A new business in Gilbert is hoping to attract customers by offering movies, bowling, mini golf and pizza all under one roof. FatCats, a Provo, Utah-based company, opened its latest location in Gilbert this month in a 53,000-square-foot space near Greenfield and Baseline roads... Read more »
Arizonans saw a 1 percent increase in personal income in the first quarter while the nation as a whole was just a hair behind with a 0.9 percent increase, according to a report released Monday by the U.S. Bureau of Economic Analysis. The state ranks 17th in income increase trailing New Jersey. Many Arizona industries saw an increase in earnings growth.. Read more »
Investors developing shopping centers and malls aimed at the Hispanic, Asian and other ethnic communities increasingly find national retailers lining up for a chance to join local mom-and-pop stores catering to these fast-growing groups of consumers. Retailers have long sought to tailor their merchandise mix and marketing messages to different groups of shoppers by age group or to men or women. Ethnicity is increasingly becoming a factor in strategies used by shopping center investors to attract shoppers into their stores... Read more »
Arizona’s population increased 1.5 percent over 2013 to 6.7 million, according to new data from the U.S. Census Bureau. Even though Arizona saw fewer than 100,000 new residents, it’s the largest year-over-year population increase since 2008, when the state’s growth rate was 1.8 percent... Read more »
Today’s high net worth investors are hungry for real estate properties, and they have a clear preference for properties in North America, reveals a survey produced by real estate services firm Savills and strategic advisory firm Weatherill Consulting. The firms interviewed wealth managers and private bankers around the world for the survey called “The Weight of Money: How Private Investment is Changing the World of Real Estate.”...Read more »

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