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Commercial Real Estate & Business News – June 20, 2017

June 20, 2017 by Nick Miner, CCIM   No comments   Filed Under: Daily News

Home Sales Pop, Construction Permits up in a ‘Seriously Strong Housing Month’
New home sales jumped more than 28 percent in May, construction permits were up 18 percent and existing homes sale were up more than 13 percent compared to a year ago. That is according to the much-watched RL Brown Housing Reports research report for the regional housing market…»
How Will the Amazon-Whole Foods Deal Affect Retail Real Estate?
Experts predict Amazon will use the Whole Foods stores, in part, as hubs for grocery pick-up and delivery, helping Amazon resolve the “last mile” dilemma. The proposed $13.7 billion acquisition of organic grocery retailer Whole Foods Market by e-commerce giant Amazon holds the potential to upset the grocery cart, so to speak…»
Goldman Sachs Surpasses 1M SF Of Valley Office Space with $81.75M Deal
Phoenix – In a deal that increases its office holdings in the Valley to 1 + million sq. ft., an affiliate of Goldman Sachs Group Inc. of New York City, N.Y. (NYSE:GS) paid $81.75 million ($276.37 per foot) to acquire a 295,794-square-foot project located at the southwest corner of 32nd Street and Camelback Road. The two-building complex is comprised of a four-story, 196,912-square-foot office…»
See Who Might Merge with Fry’s Parent Kroger after Amazon Grabs Whole Foods
Kroger Co. – the owner of Fry’s Food & Drug Stores in Arizona and Ralphs in California – could be in line to join forces with another big U.S. supermarket operator as the war for consumers’ grocery spending heats up, one analyst says. In the wake of Friday’s blockbuster news that Amazon.com Inc. will buy Whole Foods Market in a $13.7 billion deal, Cincinnati-based Kroger…»
The Future of Autonomous Driving is Coming Down the Road Fast with Major Implications for Real Estate
Intel Sees Fast-Developing Driving Technologies Ushering in $7 Trillion ‘Passenger Economy’ by 2050, Real Estate to Rethink Everything from Amenities to Zoning. “Companies should start thinking about their autonomous driving strategy now,” said Krzanich, who ranks the fast-developing technology on par with the rise of personal computing…»

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Nick Miner, CCIM

ORION Investment Real Estate
7150 E. Camelback Road
Suite 425
Scottsdale, AZ 85251

480-226-8037
nick@nickminer.com

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