Author

Katie Sloan

In Scottsdale, Arizona, an inspired mixed-use development is set to break ground. The 134-acre project is Cavasson, a development that is set to include approximately 1.8 million square feet of high-end commercial office space, along with 1,600 residences, hotels, and a diverse mix of retail, restaurants, and amenities. Located at the northwest corner of Loop 101 and Hayden Road in Scottsdale, Cavasson is owned and developed by Nationwide Realty Investors, in partnership with Grayhawk Development. The initial phase of the project, which will break ground later this year, includes several …

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— By Bob Kane, director with Franklin Street — In the 15 years I have represented national, regional and local retail and restaurant groups expanding throughout Georgia and Alabama, I have gained valuable insights into important deal terms that are often overlooked.  Here is my top five list of critical protections every tenant should be aware of during the Letter of Intent (LOI) and lease negotiation process. Require the Landlord’s Lender to sign a Subordination, Non-Disturbance and Attornment Agreement (SNDA) – A SNDA agreement protects the tenant if the landlord defaults …

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Indio, Calif. —Faris Lee Investments has arranged the sale of two retail strip centers — Rubidoux Plaza and South Rubidoux — in Indio. The properties sold for a combined total of $4.6 million. Totaling nearly 20,000 square feet, the retail centers are located along California Highway 111 and serve the entire Coachella Valley area. Tom Chichester of Faris Lee Investments represented the seller in the transactions. The names of the seller and buyers were not released.

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Vernon Hills and Aurora, Ill. —Centennial has unveiled its new placemaking concepts at two malls in Illinois — Hawthorn Mall in Vernon Hills and Fox Valley Mall in Aurora. Centennial will transform the malls’ center courts into a multi-use environment that will enhance consumer experience. Centennial will invest $12 million into the courtyards, which total 31,115 square feet. The new courtyards will be surrounded by dining and entertainment options. The design team includes architect Stantec and general contractor Graycor Construction Co. A timeline for construction was not released.

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Technology, e-commerce and omnichannel solutions have penetrated nearly every corner of American consumerism, with few holdouts. One of those holdouts up until recently was the grocer landscape. It’s easy to see why. Two-day delivery can be enticing when you’re ordering running socks or patio furniture, but it just doesn’t sound as palatable when you’re out of swiss chard.  Still, where there’s a window of opportunity, there’s a way. Especially when Amazon gets involved. Though online grocery ordering has been around since the last tech boom – the Dot.Bomb days that …

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