Deals, openings and the latest retail market news in Arizona
Transactions we closed, tenants we placed, and the market news that shapes Arizona retail. 192 articles since 2020: 11 are our own deal announcements and 181 are outside reports.
Home prices post another 15% gain
The median home sale price increased 15% year over year to $320 ,625 - the highest on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In the week ending October…
Sources: Major semiconductor maker zeroing in on Phoenix site for huge factory
An expansive swath of desert in north Phoenix is likely the landing spot for Taiwan Semiconductor Manufacturing Co. Ltd.’s $12 billion plant, multiple sources with knowledge of the deal confirmed. Article originally…
New Sprouts store coming to north Phoenix
Phoenix-based grocer Sprouts Farmers Market has picked a shopping center near Arizona State University’s West Campus for its latest location. Article originally posted here . Sprouts (Nasdaq: SFM) is set to take over a…
Rally’s burger chain looks to expand in Phoenix area
After a transformative year, hamburger drive-thru chain Rally’s has significantly increased sales and is looking for a major expansion in the Valley. Article originally posted here . During the summer of 2019, all three…
Aldi sets opening date for first Valley stores
An opening date has been set for the first Aldi stores to open in Arizona. The discount grocery chain, which has its U.S. headquarters in Batavia, Illinois, confirmed Monday that it will be opening its first Valley…
Arizona Leads Nation In Homeownership Growth
Arizona is adding homeowners faster than any state in the nation, a sign of continued growing economic momentum in the state. The state’s quarter-over-quarter homeowner rate change increased by 7.7 percentage points in…
Texas developer bringing 5 active adult communities to metro Phoenix
Sparrow Partners, based in Austin, Texas, is making its Phoenix-area debut with five active adult communities planned totaling $200 million in development costs. Article originally posted here . Within the last nine…
Trader Joe’s expands its presence in the Valley
Popular grocery chain Trader Joe’s has expanded its presence in the Phoenix-area, adding another store in the East Valley. Article originally posted here . On Oct. 16, Trader Joe’s will open its 11th Valley store in…
Arizona is a finalist for factory to assemble 3-wheeled electric cars
A Vancouver-based company that plans to sell three-wheeled electric vehicles from China is considering shifting some production to a factory in Arizona. Article originally posted here . ElectraMeccanica Vehicles Corp.,…
Arizona leads West in income growth
Arizona’s median household income rose by 15.2% over the latest three-year recording period, according to new data from the U.S. Census Bureau. That was the highest growth among western and mountain states, and higher…
Here’s why Metro Phoenix boasts the nation’s hottest industrial real estate market
Industrial real estate development projects will continue to heat up over the next year and beyond with the hottest market in the West Valley.
Home-building permits booming again in Maricopa
It’s been more than a decade since Maricopa saw the number of new home-building permits it racked up in September. The total of 229 was due to builders coming into several subdivisions, with D.R. Horton leading the way.…
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