Content about Phoenix

March 5, 2014

Phoenix-based Sprouts Farmers Markets Inc. is expanding. The natural-foods supermarket chain expects to open 22 to 24 stores in fiscal 2014, including five locations in the Atlanta area.

February 27, 2014

CBRE has completed the sale of West Start Plaza, a 9,300-sq.-ft. retail building on N. 893rd Avenue in Phoenix.

February 14, 2014

Westwood Financial Corp., a national owner-operator of shopping centers, has completed remodeling work at North Park Plaza shopping center in Phoenix, Ariz. Safeway anchors the center. Regional and national tenants include Frazee Paint, Peter Piper Pizza, Subway and Great Clips.

January 14, 2014

PetSmart Inc. announced changes to its management team in conjunction with the retirement of its president and COO, Joseph O’Leary.

December 20, 2013

Jones Lang LaSalle is expanding its retail brokerage platform into Phoenix.

December 5, 2013

The Tabani Group has acquired the 578,666-sq.-ft. Prescott Gateway Mall in Prescott, Ariz.

December 2, 2013

Real estate plays a key role in optimizing retail store portfolios. Stores must have enough square footage but never too much. Portfolios must also match the number of stores across regions to customer demand. 

“Portfolio optimization means reducing or adding store square footage and matching merchandising and inventory to customer demand in a trade area,” said Kenneth Katz, principal with Houston-based Baker Katz. 

October 25, 2013

The metropolitan Phoenix retail market ended the third quarter with a retail vacancy rate at 10.5%, down nearly a full point from 11.3% a year ago, according to CBRE’s Phoenix Retail MarketView report for the third quarter.

October 25, 2013

The metropolitan Phoenix retail market ended the third quarter with a retail vacancy rate at 10.5%, down nearly a full point from 11.3% a year ago, according to CBRE’s Phoenix Retail MarketView report for the third quarter.

October 22, 2013

I’ve tapped Dave Cheatham from Phoenix-based Velocity Retail Group, an X Team International Partner, to help me examine the recent ups and downs of the local retail market in Arizona — and what the lessons learned here mean for brick and mortar retailers nationwide.

October 22, 2013

RS Real Estate Partners welcomes Jon Cowen as senior VP in the Phoenix office.

October 3, 2013

Power centers have proven themselves to be a resilient asset class in recent years. First the recession cut into business. Then e-commerce leveled some of their big-box tenants, hurt others and ignited a downsizing trend. 

Yet research from Washington, D.C.-based CoStar Group shows that only 2% of power centers have vacancy rates of 40% or higher and probably won’t recover. Another 6% have vacancy rates of 20% to 40% and are in serious condition but may recover.

After all the carnage, only a little more than 2% can’t recover? How can that be?

August 5, 2013

During July, SRS Real Estate Partners www.srsre.com executed a host of transactions in major cities across the country:

July 31, 2013

Conn’s Inc. is opening a Conn’s HomePlus store in Phoenix.

July 17, 2013

GDC/RE has leased a 47,036 former Phoenix Safeway to Epic Stores.

June 11, 2013

Brett Sheets, senior VP leasing for Phoenix-based Cole Real Estate Investments, sat down with Chain Store Age senior editor Katherine Boccaccio for an exclusive video interview at RECon 2013 in Las Vegas.

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May 7, 2013

Editor's Note: Chain Store Age's 24th annual survey of Fastest-Growing Acquirers measured retail square footage purchased during the 2012 calendar year.

This year's Fastest-Growing Acquirers range from list regulars to newcomers, a clear sign that retail is returning as a favored sector for growth.

A recovering economy continues to make retail an appealing category for operators and investors alike and, as might be expected, this year's fraternity contains some of the industry's major consolidators. Yet it also holds investment funds branching into new sectors.

April 5, 2013

Simon Property Group announced that it opened Phoenix Premium Outlets, the upscale outlet shopping center serving the Greater Phoenix and Scottsdale areas.

March 4, 2013

SRS Real Estate Partners announced that Sean Thomas has been named first VP of the company’s Phoenix office.

January 23, 2013

PetSmart announced its planned management succession plan. The company said that following its annual shareholders meeting on June 14, 2013, current president and COO David K. Lenhardt will be promoted to CEO and simultaneously join the board of directors.

September 13, 2012

Wal-Mart Stores Inc. said it has launched an expansion of its solar initiative in Arizona at its Buckeye distribution center near Phoenix.

August 23, 2012

Sprouts Farmers Markets said Thursday that current CEO Shon Boney will move into the role of chairman, and that current president Doug Sanders will take the reins of the organic grocery chain as president and CEO.

May 14, 2012

Simon Property Group announced that Saks Fifth Avenue Off 5th will open a total of seven new stores in the next two years in its Premium Outlets division, including new centers and existing centers.

April 16, 2012

Editor’s note: Chain Store Age’s 23rd annual survey of Fastest-Growing Acquirers measured retail square footage purchased during the 2011 calendar year.

For some companies, being among the top acquirers of shopping centers almost is business as usual — top-ranked Inland Real Estate is a perennial leader, largely through avidly scouring daily for possible deals, while Kimco maintained its focus on top projects in top markets.

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