retail

By Tasha Anderson for AZBEX The City of Phoenix heard and approved a request to rezone approximately 91.16 acres at the NWC of Tatum Boulevard and Cactus Road at its February 4th Planning Commission virtual …

By Tasha Anderson for AZBEX  The Boyer Company is planning a multifamily and commercial development as part of the Rio 2100 mixed-use development in Tempe.  Known as Rio East, the project will be located on 14.2 acres at 98 South River Drive. …

By Colliers International  The retail real estate market was arguably hit hard by the COVID-19 pandemic, but Metro Phoenix endured the challenges more successfully than most markets. The metropolitan area posted positive net absorption in 2020 and rental …

SimonCRE recently purchased a 13.5-acre multi-pad center at the SEC of Ocotillo and Ironwood roads in San Tan Valley and is planning a retail project valued at $20M at build-out.   The company will develop a 22KSF building for Goodwill. Additional plans include …

By CBRE  Phoenix offers one of the most favorable development markets for commercial construction in the U.S. according to CBRE’s U.S. Development Opportunity Index. The Valley of the Sun secured the third overall spot on the inaugural list with …

By JLL Medical office experts in the Phoenix office of JLL have been selected to market approximately 80KSF of new medical office space planned for one of the last Val Vista Drive-fronting parcels surrounding Dignity Health’s Mercy …

By Jeanine Jerkovic for City of Surprise  When you’re a city called “Surprise,” it’s safe to say that constant change is a bit of a norm, however 2020 accelerated more change than ever for us – and somewhat …

By NAI Horizon  The NAI Horizon Self Storage Group represented the buyer, Vault at Houghton Road LLC, in the $690K purchase of 10.4 acres of land at the SEC of Golf Links and Houghton roads in Tucson.  The buyer …

By Tasha Anderson for AZBEX  Kaplan Management Company has recently resubmitted their plans for a new multifamily development within the McCormick Ranch Center in Scottsdale.  The site, located at 9375 East Shea Boulevard, is still currently zoned as Commercial Office …

Source: Colliers International  The Greater Phoenix retail market posted positive net absorption in third quarter, despite the continued impact of the COVID-19 pandemic. Vacancy rose slightly during the quarter to 7.7 percent as the city was recognized for comparatively …

Source: Colliers International  The Greater Phoenix industrial market has surged during the COVID-19 pandemic, driven largely by the country’s increased use of e-commerce and elevated grocery shopping while restaurants were closed. Completion of new industrial projects in 2020 has been …

By Joe Dyton for The Broker List  Mall owner Simon Property Group and Amazon are in talks to turn J.C. Penney and Sears stores into distribution centers, according to The Wall Street Journal. Both department store chains filed for Chapter 11 bankruptcy and closed stores across the country. …

Source: Glendale Office of Economic Development Global entertainment and experiential leader Crystal Lagoons® has chosen Glendale for a one-of-a-kind attraction. ECL Glendale, LLC will develop Crystal Lagoons Island Resort, a mixed-use project unique to the Southwest. As …

By Paul Maryniak for Ahwatukee Foothills News More than 18 months after homeowners in the 185-home Foothills Paseo II subdivision launched an effort to derail a plan for Quik Trip on 40th Street, the gas …

Source: Associated Builders and Contractors  The U.S. economy contracted at an annualized rate of 32.9 percent during the second quarter of 2020, according to an Associated Builders and Contractors analysis of data by the U.S. Bureau of Economic Analysis. …

By Corina Vanek for Phoenix Business Journal  The City of Avondale is seeking ideas from private developers about how to best develop 34 acres of city-owned land into a mixed-use development with office, hospitality, retail, …

By Rebekah Morris for AZBEX  On Wednesday, July 22, 2020, BEX held a panel discussion regarding upcoming retail, hospitality, and entertainment projects in the Valley and beyond. Participants included Jeff Mills, Project Executive for PENTA Building Group, Dave Sellers, …

By Tasha Anderson for AZBEX  An undeveloped, forested 13.65-acre site at the NWC of Fourth Street and Butler Avenue in Flagstaff may become the site of a new horizontal multifamily mixed-use development.  The owner, Flagstaff at 4th, LLC, also shown …

By Corina Vanek for Phoenix Business Journal  A massive mixed-use development with Class A office, hotel, retail and apartment buildings near Peoria Sports Complex is one step closer after the Peoria City Council approved an agreement Tuesday with American …

By Tasha Anderson for AZBEX  Withey Morris, PLC, on behalf of owner, Howard A. Keyes with Keyes Automotive, recently submitted plans to the City of phoenix for the development of a new automotive dealership to be located just …

By Tasha Anderson for AZBEX  Plans to redevelop a 6.78-acre property at the SEC of Marilyn Road and Kierland Boulevard into a Class A office development with ground floor retail have recently been submitted to the City of Phoenix.  The …

By Tasha Anderson for AZBEX Pew & Lake, PLC, on behalf of The Victoria Lund Foundation, recently submitted documents to the Town of Gilbert for the development of a new mixed-use project to be located …

By Tasha Anderson for AZBEX Stockdale Capital Partners has recently submitted plans to the City of Scottsdale for a new multifamily mixed-use project to be located just east of the NEC of 68th Street and …