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.
Banner Ocotillo Medical Center opens in Chandler
Banner Health‘s newest hospital, Banner Ocotillo Medical Center, will open at 8 a.m. Nov. 2, making it the first new Banner hospital since 2010, when Banner Ironwood Medical Center opened in Queen Creek. Article…
Chipotle to Unleash Digital-Only Restaurants
Chipotle CEO Brian Niccol predicted in October the fast casual would eclipse $2.5 billion in digital sales in 2020. Just a year earlier, Chipotle celebrated clearing $1 billion, which was a significant milestone for a…
New We-Ko-Pa Casino Resort opens
On October 29, the new We-Ko-Pa Casino Resort opened its doors, unveiling a contemporary ambiance and visitor-centric experience that raise the bar for Valley casinos. Article originally posted here . In addition to…
These projects are igniting Arizona’s economy
There were a lot of factors working against economic development in the past year, but Arizona’s economic development community and the Arizona Association for Economic Development (AAED) found ways to not just survive,…
Arizona awarded 7 incentive grants to create 5,000 new jobs in 2020, report shows
Seven companies promising to create 5,195 new jobs in the state were awarded incentive grants from the Arizona Competes Fund in the 2020 fiscal year, according to the annual report released by the Arizona Commerce…
Phoenix approves proposal for Arizona's tallest tower
A tower that could soon be Arizona's tallest building received final approval Wednesday from Phoenix City Council. Article originally posted here . Council approved an amendment that will allow Aspirant Development, a…
Regents approve $115M ASU sports arena
Arizona State University sports fans can get ready to cheer. According to multiple reports, an Arizona Board of Regents committee gave final approval of a plan to build a new 5,000-seat ASU sports arena that will be…
Texas development group eyes Arizona to build 6 hospitals
Dallas-based Exceptional Healthcare Inc. is poised to invest $150 million to develop hospitals in Arizona, starting with what will be the first hospital to be built in the city of Maricopa. Article originally posted…
4 Arizona cities among Top 20 in U.S. for bouncing back fastest
The employment market continued to recover in September, as the latest jobs report shows that the national unemployment rate has fallen to 7.9%, which is 46% below the peak of 14.7% during the height of the COVID-19…
Here’s why Phoenix is ranked a Top 10 tech market
The tech industry’s share of U.S. office-leasing activity in this year’s first half inched down to 20 percent from 21 percent last year, as tech employment has proven resilient during the pandemic, according to CBRE ’s…
Home price index sees greatest gain in over 2 years
The S&P CoreLogic Case-Shiller index of home prices in 19* U.S. cities rose 5.7% in August from a year ago, the greatest year-over-year gain since 2018, driven unsurprisingly by tightened supply amid record-low interest…
Valley's August home price increase nearly twice as high as rest of the nation
At a time when existing home inventory is near an all-time low, Phoenix home prices continue to rise - and homebuilders simply can't keep up with demand. Article originally posted here . Once again, Phoenix topped the…
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