Good morning, investors. In today’s commercial real estate news—Sin City keeps growing, a collection of creative office spaces with jaw-dropping price tags, and PetSmart puts a collar around its largest online competitor.
Investors in Las Vegas hit the jackpot last year with a confident economy and a demand for rentals. The mining, logging and construction and the leisure and hospitality sectors all saw growth in 2016.
A short gallery of five creative office spaces that fetched “staggering” returns for their investors. In the last several years, the category has gone from a niche, to a formidable player in the commercial real estate market.
The transfer from brick-and-mortar to digital continues. PetSmart has acquired Chewy, a pet supply web-only retailer founded in 2011 that’s grown rapidly in the pet sector. The deal is one of the largest in e-commerce history with an alleged price tag of 3.35 billion.
Dalesmy Gonzalez is a graduate of Western Washington University where she studied Business Administration with an emphasis in Marketing.
She specializes in optimizing digital marketing websites for commercial real estate brokers and connecting buyers, sellers, and investors across the US.