Community Development Digest


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Despite Campaign Promises, U.S. Steel Struggles Continue

At the end of last year, U.S. steel prices had begun to rise, but 2017 has seen tepid growth. A number of warning signs are harbingers of the negative market corrections likely on the horizon...

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New York Retail Outlets Sought as Mall Operator Settles

A settlement with the largest U.S. mall operator to limit the dominance of the Woodbury Common Premium Outlets center near New York City could lead to more factory outlets in the metropolitan area, according to the New York state's attorney general.

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Middle Market Companies Boosting U.S. Economic Health

The latest report finds that middle market firms substantially improved the nation’s economic health between 2011 and 2017. While middle market companies account for less than 1% of all commercially-active firms, they experienced the greatest growth in overall numbers (83.9%), employment (103.3%) and revenue (99.9%) since 2011.

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Study: ‘Behavioral Economics’ Key to Consumer Banking

A new scientific study dispels conventional thinking that interest rates are the only driver of consumer deposits.

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Virginia Shopping Center Sells for Below Recent Value

The Hupps Mill Plaza located in South Boston, VA has been sold for $2.5 million. The property is a Real Estate Owned (REO) asset of ML-CFC Commercial Mortgage Trust 2006-2.

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AU Health Now Major Tenant in Augusta Landmark Building

Augusta University Health has signed an agreement through the brokerage group at Blanchard and Calhoun Real Estate Company to lease space in one of downtown Augusta’s tallest landmarks – the former Wells Fargo building at 699 Broad St. The agreement also gives AU Health naming rights of the 17-story building owned by Richmond Enterprise LLC.

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Maine Mall Anchor Tenant to Close Its Operations

Department store retailer Bon-Ton plans to close its location at the Maine Mall in South Portland, ME by the end of August.

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Legal Pot Growers Facing Uncertainty in U.S. Can Look to Canada

If you’re in the cannabis-growing business in one of the 28 states that have legalized the drug, you may be worried about the future of your enterprise now that Congress and the White House are controlled by those who have indicated disapproval of the current status quo. If that's the case, you may want to consider uprooting your business and moving it to Canada.

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Landmark Madison, WI Grocery Store Set to Close

The Copps grocery store located at 620 South Whitney Way in Madison, WI, is closing. The Madison Copps is one of four grocery-anchored properties that collateralize the $27.4 million Bluejay Grocery Portfolio loan. The subject property is a 66,704 square-foot, open-air retail center. Copp...

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Des Moines’ Capital Square Building to be Sold

Colorado-based Real Capital Solutions intends to purchase Capital Square, one of the largest commercial buildings in Des Moines, IA.

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