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.
Starbucks Isn't Giving Up On Experiential Retail As It Plans To Open 22,000 Stores Post-Pandemic
Starbucks Corp., which has about 33,000 locations worldwide, predicts that it will increase that number dramatically over the coming decade. Article originally posted here . “While the pandemic temporarily disrupted our…
$638M in federal grants will help South Central light rail extension reach finish line
Two federal grants paired with local money will bring the South Central light rail extension in Phoenix to full funding status. Article originally posted here . Over the weekend, the Federal Transit Administration…
Casa Grande Mayor: We’ve Created A Technical Innovation Corridor
Lucid Motors has finished the first phase of its $700 million electric vehicle plant in Casa Grande.
Chipotle Plots Drive-Thru Only Restaurants as Digital Soars
Chipotle CEO Brian Niccol shared a real-time case of a COVID-19 narrative in action. Article originally posted here . At the beginning of the pandemic, the fast casual touted eight million people in its loyalty base.…
Scottsdale narrowly approves $450 million mixed-use redevelopment plan
The Scottsdale City Council narrowly approved the planned redevelopment of the southeast corner of Scottsdale and Camelback roads known as the Scottsdale Collection at its Monday evening meeting. Article originally…
Deals for 2 game-changing projects could redefine both sides of Valley
Just a week apart in late September, a pair of groundbreaking sports, recreation and entertainment projects were announced on opposite sides of the Valley. Article originally posted here . In the West Valley, Glendale…
New home sales maintain momentum, up 45.8% year-over-year
Today, the experts at Zonda, the housing industry’s foremost advisors, released the New Home Pending Sales Index (PSI) for October 2020. The New Home PSI shows pending sales increased month-over-month and year-over-year…
Sam Fox leans into pandemic, plans to open takeout-only restaurants in Valley
One of the Valley’s most celebrated and successful restaurateurs will be launching two new takeout-only restaurants within the next two months. Article originally posted here . Looking at how the Covid-19 pandemic has…
Tempe Streetcar project nears completion
The Tempe Streetcar, a $102 million project that began construction in 2017, is nearing completion and is expected to be operational in mid-2021. The Streetcar will have capacity for 125 passengers and six vehicles will…
ASU’s “enterprise” model to drive Arizona’s new economy
From open spaces to open minds, Arizona has the “highest potential” of any state in the nation to successfully move into the new economy, said Arizona State University (ASU) president and innovation trailblazer Michael…
More than a quarter of Arizona's new residents come from California, new data shows
Even before the novel coronavirus pandemic, people moving to Arizona from California represented 23% of all inbound residents over more than a decade. And more are on the way. Article originally posted here . Migration…
TSMC Wins Approval From Phoenix for $12 Billion Chip Plant
City officials in Phoenix, Arizona approved a slate of financial incentives and government support for Taiwan Semiconductor Manufacturing Co.’s planned $12 billion chip plant, a step toward bringing high-tech…
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