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JLL acquires Scottsdale center
JLL Income Property Trust has purchased the Kierland Village Center in Scottsdale, Arizona, for $34.5 million. Kierland Village is an upscale development in the Phoenix suburb, which has seen a near 10% rise in population since 2000. The 118,000-sq.-ft. neighborhood center is anchored by Safeway and houses Walgreens, Einstein Brothers, Pizza Hut, Panda Express, and a UPS Store. The acquisition is in line with JLL’s current appetite for active, necessity-based centers. -
Ross Stores continues aggressive expansion
It’s shaping up as a busy fall for Ross Stores. The retailer is opening 25 Ross Dress for Less ("Ross") stores and nine dd's Discounts stores across 16 different states in September and October. The new locations round out the company's expansion plans to add approximately 90 locations in 2016.

