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Big-box stores growing in East Valley for more than retail

Posted by   /  August 25, 2017  /  Real Estate  /  No Comments

By Wayne Schutsky | East Valley Tribune Big-box stores – the oft-referenced poster child for the struggling retail market – are experiencing an uptick in the East Valley as grocers and non-traditional users aggressively expand in the market. Half of the 14 big-box completions in metro Phoenix in the last 12 months are in the […]

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R.I.P Malls?

Posted by   /  August 21, 2017  /  Real Estate  /  No Comments

By Jimmy Magahern | Valley News This summer, Erik Pierson visited his teenage haunt, Fiesta Mall, one last time – before the once-bustling Mesa mall, now nearly vacant, begins its transformation (see sidebar). Streaming the tour on YouTube, where the Gilbert software developer hosts a channel dedicated to “dead malls” called Retail Archaeology, Pierson presses […]

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Report: Phoenix’s retail sector slows in second quarter

Posted by   /  July 18, 2017  /  Real Estate  /  No Comments

AZRE Absorption of retail real estate in Greater Phoenix slowed during the second quarter, but investors were busy purchasing retail properties. The mid-year retail research report released by Colliers International in Greater Phoenix forecasts improvement in the retail sector for the second half of 2017. Vacancy remained flat at 9.3 percent in the second quarter and net […]

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Something rare occurred on Wall Street Thursday: Investors cheered for brick-and-mortar retailers

Posted by   /  July 14, 2017  /  Real Estate  /  No Comments

By Jackie Wattles | CNNMoney Amid a sea of bad news — store closings, layoffs and declining sales — Thursday was a bright spot for the traditional retail industry, which has suffered with the rise of e-commerce. Things kicked off when Target (TGT) raised its earnings guidance, saying it’s seen “improved traffic and sales” over the past two […]

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The US lacks enough warehouses to support e-commerce growth

Posted by   /  June 27, 2017  /  Real Estate  /  No Comments

Lauren Thomas | CNBC America has too many malls. It’s a problem that has vexed Wall Street and is an even darker cloud hanging over stocks known as real estate investment trusts, or REITs, which are the landlords for much of America’s retail properties. As sales by internet retailers grow, though, there could be one class […]

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Promising retail growth seen in Ahwatukee area

Posted by   /  June 26, 2017  /  Real Estate  /  No Comments

By Wayne Schotsky, AFN Staff Writer While conventional wisdom says consumers are abandoning brick and mortar stores in droves in favor of online retailers like Amazon, the retail sectors covering Ahwatukee and the East Valley are showing promising signs of growth. The Ahwatukee/Tempe submarket has a retail vacancy rate of 6.88 percent, which is below […]

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Is all the talk of the death of the mall overdone?

Posted by   /  June 6, 2017  /  Economy, Real Estate  /  No Comments

By Ciara Linnane | MarketWatch Talk of the demise of the shopping mall may be overdone, according to Fitch Ratings, which on Monday took a neutral stance on retail REITS, or real estate investment trusts, the entities that own and manage malls and rent space to tenants. Mall REITs are popular with investors for their […]

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Planned Roosevelt Row development to incorporate bungalows, shopping, dining

Posted by   /  October 19, 2016  /  Real Estate  /  No Comments

By Brenna Goth | The Republic A prominent corner in the Roosevelt Row arts district could be transformed into a multistory office, retail and restaurant complex that would incorporate the area’s signature bungalows and a longtime commercial building. Desert Viking Development on Wednesday announced plans for the Blocks of Roosevelt Row on Roosevelt Street between Fifth and Sixth streets. The downtown […]

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Tempe considers Rio Salado retail project

Posted by   /  September 28, 2016  /  Real Estate  /  No Comments

By Roland Murphy for Arizona Builder’s Exchange Last week, the Tempe City Council approved a Planned Area Development proposal to create a restaurant and retail center on 8.4 acres adjacent to Tempe Marketplace. Under the request, developer SJJ Development would build the eight-lot complex at East Rio Salado Parkway and South Smith Road. Lots 1, […]

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Healthcare part of Metrocenter redux

Posted by   /  May 18, 2015  /  Dealmaker, Real Estate  /  No Comments

Metrocenter revitalization

By Roland Murphy | Arizona Builder’s Exchange Once a national flagship for retail space in city environments, Metrocenter in Phoenix had begun to fade even before the Great Recession ravaged the local and national economies. Carlyle Development Group has a plan in place to revitalize the facility and bring a myriad of new commercial opportunities […]

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