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.
3,500 acres in north Phoenix could be transformed into major employment corridor
The city of Phoenix and the Arizona State Land Department are aiming to reposition 3,500 acres of desert in north Phoenix for a major future employment corridor that would include a tech campus and mixed-use components.…
Homes by Towne on land-buying spree around the Valley
A Milwaukee homebuilder owned by a charitable foundation is gobbling up land across three areas of the Phoenix region, including two purchases in the West Valley. Article originally posted here . Homes by Towne, which…
Scottsdale gets 1st Dark Zone Resort
Scottsdale is getting its own Dark Sky Zone resort this fall. Slated to open Oct. 15, the 177-room ADERO Scottsdale not only boasts bragging rights as the region’s only resort in a certified Dark Sky Community but also…
Valley homebuilders can't build fast enough
Local analysts see a bright future for the Phoenix housing market, as August turned out to be a solid month for new home construction. Article originally posted here . In August, homebuilders closed 2,107 sales, up…
5 Valley cities among Top 25 real estate markets in U.S.
Gilbert resident Nadia Saco bought the home of her dreams this August. But landing it, she said, was a “nightmare” in the current real estate market. Article originally posted here . Saco, 32, and her husband, who spent…
Brookfield Residential unveils largest masterplan since 2013 in West Valley
Brookfield Residential (Arizona), a leading land developer and homebuilder in North America, is unveiling its highly anticipated Alamar master-planned community on Saturday, Oct. 10. Located just north of the Sierra…
COSTCO’S OPENING IN SURPRISE WAS LONG-TIME COMING
When you want something bad enough, sometimes driving to another state to get it is worth it. Article originally posted here . That was the thinking of Las Vegas-resident Steve Jones, who had been eying a golf cart…
Phoenix rises as U.S. construction starts plummet
While commercial and multifamily construction activity plummeted in the first half of 2020, one major metro area was spared. Article originally posted here . Starts in the top 20 metropolitan areas posted a decline of…
Thompson Thrift Plans $30M Sprouts-Anchored Development in Maricopa
Thompson Thrift Retail Group signed a lease with Sprouts Farmers Market to anchor Sonoran Creek Marketplace, a 75,000-square-foot project the company is developing in Maricopa, a fast-growing community about 35 miles…
Abandoned Peoria medical center gets new lease on life
Officials with the city of Peoria have been frustrated by an abandoned construction project on the north side for years. Until now. First Service Medical LLC paid $3.15 million to buy the land that was originally…
Amazon plans to add 3,000 more jobs in Arizona expansion
Amazon.com, which already employs more than 17,500 people in Arizona, plans to add another 3,000 permanent jobs in the state as it gears up for what could be a robust holiday shopping season. Article originally posted…
Maracay Homes closes on another 140 acres in Gilbert next to fast-selling community
Scottsdale-based Maracay Homes has added 140 acres to its Waterston community in Gilbert, where the Scottsdale-based homebuilder just sold its 100th home in four months. Article originally posted here . Another 150…
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