Tag Archives: macy’s

Dick's Sporting Goods distribution warehouse, Goodyear

Industrial Evolution: West Valley poised for land grab

Dick’s Sporting Goods built a 720KSF distribution center in Goodyear to service its West Coast stores.

A California-based investor erected a 400KSF spec shell in Surprise’s Southwest Railplex business park.

Corporate giants, Macy’s, Amazon, Sub-Zero, Marshall’s/TJ Maxx, Southwest Products and WinCo have landed or expanded their vast West Valley industrial operations within the last two years.

Even more companies are eyeing potential stakes in the burgeoning industrial parks springing up in once sleepy bedroom communities west of Phoenix.

With the recession in their rear-view mirrors, local, national and international companies are revving up manufacturing and distribution operations, and the West Valley is poised to be a big beneficiary of their expansion plans.

Justin LeMaster, Cushman & Wakefield

Justin LeMaster, Cushman & Wakefield

Available and affordable land, a deep labor pool, business-friendly state and local governments and top-notch transportation corridors contribute to the West Valley’s desirability, said Justin LeMaster, Cushman & Wakefield’s director for industrial properties.

Farsighted developers are already master-planning vast spreads of land, setting up infrastructure and even building large-scale spec structures that can accommodate another industrial giant or get sliced and diced to accommodate several smaller operations.

The developers — along with city and state economic development specialists — want their properties primed to snag the business when the lookers become movers, LeMaster said.

“Smart, creative developers will make the West Valley a successful high-growth market for years to come,” he said.

The numbers confirm the trend.

An impressive 4.5 MSF — nearly 94 percent of the metro area industrial construction started or completed in 2013 — is in the West Valley, according to Jones Lang LaSalle’s Q4 Industrial Report.

Q4 absorption was 1.96 MSF, and only 15.3 MSF of the West Valley’s 90.7 MSF total industrial inventory was still available at year’s end.

Nevertheless, 4.5 MSF is a significant amount of new inventory for a post-recession market, and, in fact, it boosted Valleywide industrial vacancy rates above 12 percent.

Anthony Lydon, Jones Lang LaSalle

Anthony Lydon, Jones Lang LaSalle

Industry experts aren’t worried.

“The new, grown-up, industrial tenants coming to market right now are looking for 300KSF, 400KSF and above,” said Anthony Lydon, Jones Lang LaSalle managing director for Supply Chain & Logistics Solutions.

Less than half of the West Valley’s available space meets that criteria, and a few big employers could snatch that up in a flash, he said.

Like LeMaster, Lydon expects that to happen sooner rather than later.

“Over the next 24 to 36 months, the Valley, and the West Valley in particular, will see significant new job creation,” he said.

So what makes the West Valley suddenly so attractive to the industrial users?

“Economics and location,” said Pat Feeney, CBRE senior vice president for industrial services.

Cost is key
Of the metro area’s three major industrial hubs ­— the airport area, the Tempe/Chandler corridor and the West Valley — the first two are nearly out of developable land, Feeney said. And scarcity makes that land pricey, especially for a large user.

Pat Feeney, CBRE

Pat Feeney, CBRE

A skilled and diverse labor force that moved west when the home builders did is another major factor, he said.

“Nearly 70,000 people live in Goodyear, but only 14,000 or 15,000 work in Goodyear,” Feeney said.

When big employers like Sub-Zero, Amazon and Macy’s held job fairs for their new West Valley digs, they typically attracted eight to 10 qualified applicants for every position, he said.

“They all shared that they were so happy they could pick the cream of the crop,” Feeney said. “It’s a really big draw.”

David Krumwiede, Lincoln Property Company

David Krumwiede, Lincoln Property Company

Staffing a large warehouse is a major economic concern, especially for companies with labor-intensive, e-commerce picking systems, said David Krumwiede, executive vice president for Lincoln Property Company, which owns 6 MSF in its four-state Desert West Region, 2.4 MSF of that in the West Valley, including Goodyear AirPark and 10 Lincoln.

Arizona’s main competition for the big industrial users looking to establish or expand operations in the West is California’s Inland Empire, Krumwiede said.

While the Inland Empire’s construction costs are comparable to Arizona’s, labor costs in Arizona, a right-to-work state, are much lower, he said.

“We are extremely competitive with California’s Inland Empire if a user has more people than trucks,” Krumwiede said.

And big energy consumers, such as companies employing sophisticated e-commerce logistics technology, can save as much as 30 percent to 40 percent in operating costs by locating in Arizona instead of California, Lydon said.

But possibly the biggest economic incentive for many industrial users is Arizona’s much more favorable tax basis, Krumwiede said.

All of the West Valley’s large planned business hubs have designated areas that are Foreign Trade Zone capable, and that’s a big selling point for companies that do significant international business in parts or products, Krumwiede said.

“If a company qualifies, it can see a 72 percent reduction in property taxes,” Feeney said. “It’s a tremendous benefit.”

And a benefit none of the nearby states can offer, he said.

Such issues make Arizona, especially the West Valley, where land is available and affordable, a clear economic winner over California.

Location, location, location
Second only to the West Valley’s attractive economics, is its advantageous location, less than half-a-day’s drive from the southern California ports — a major consideration for retailers and e-commerce leaders like Amazon, as well as manufacturers like Sub-Zero, according to the experts.

Rob Martensen, Colliers International

Rob Martensen, Colliers International

“If you can get out of traffic and get closer to the ports in Los Angeles and Long Beach, you can make that in six hours,” said Rob Martensen, Colliers International vice president.

That means truck drivers can log a round trip and still stay within federal guidelines regarding length of time on the road, a feat not so easy to accomplish from the East Valley.

And for companies distributing products regionally — Macy’s or Dick’s Sporting Goods, for example — the completion of the Loop 303 will forge the final freeway link that can speed trucks to and around cities and states north and west of Phoenix.

“It will open the gateway,” LeMaster said. “Companies want to be in Phoenix, and the West Valley will be the industrial hub of Phoenix with the (Loop 303/I-10) interchange.”

Overall, the combo of favorable attributes will ensure the West Valley lands on the short list for large and small industrial users for the next decade or so, Krumwiede said.

“The companies that are already out there — Amazon, Target, Costco, PetSmart, Staples, Macy’s — are all household names. It’s a great start. We’ll see more of those,” he said.

“My vision is that a lot of that vacant land will be put into production in the next five to 10 years.”

breast cancer

Macy's Partners With Local Charity to Raise Funds and Awareness for Breast Cancer

Macy’s will partner with City of Hope’s Walk for Hope to Cure Breast Cancer to invite customers to participate in Macy’s eighth annual national “Shop For A Cause” charity shopping event on August 24. Customers can purchase shopping passes from City of Hope now. Macy’s “Shop For A Cause” is a unique one-day-only shopping event created to support local charities’ fundraising efforts, which has helped raise more than $46 million for charities across the country since 2006.

“Over the past eight years, Macy’s annual ‘Shop For A Cause’ has raised more than $46 million for local and national charities, providing our associates and customers an opportunity to give back to those organizations that touch their hearts each and every day,” said Martine Reardon, Macy’s chief marketing officer. “Giving back is a key component of Macy’s culture. We are honored to offer our customers an easy and convenient way to make a positive difference in their communities and in the lives of others, while enjoying great savings at Macy’s.”

sfac_logo

Macy’s has provided City of Hope with shopping passes to sell for $5 each. City of Hope will keep 100 percent of every shopping pass it sells. The more City of Hope sells, the more money it will raise.

By purchasing a shopping pass from City of Hope, customers support breast cancer research while enjoying a day of spectacular discounts, entertainment and special events at Macy’s. Pass holders will receive special discounts on most regular, sale and clearance purchases all day, but some exclusions apply.

“We’re excited to continue our 17-year legacy, and again raise money for research at City of Hope,” said Barbara Westberg, coordinator of the 2013 Walk for Hope Phoenix. “Walk for Hope is making a difference in the lives of women everywhere by supporting research that is bringing us closer to cures for breast cancer.”

For more information about Macy’s “Shop For A Cause,” visit macys.com/shopforacause. To purchase a shopping pass from City of Hope, contact Barbara Westberg at bwestberg@coh.org. To register for or donate to Walk for Hope please visit walk4hope.org/phoenix.

About City of Hope:
City of Hope is a leading research, treatment and education center for cancer, diabetes and other life-threatening diseases. Designated as a comprehensive cancer center, the highest honor bestowed by the National Cancer Institute, and a founding member of the National Comprehensive Cancer Network, City of Hope’s research and treatment protocols advance care throughout the nation. City of Hope is located in Duarte, Calif., just northeast of Los Angeles, and is ranked as one of “America’s Best Hospitals” in cancer and urology byU.S.News & World Report. Founded in 1913, City of Hope is a pioneer in the fields of bone marrow transplantation and genetics. 

breast cancer

Macy's Partners With Local Charity to Raise Funds and Awareness for Breast Cancer

 

Macy’s will partner with City of Hope’s Walk for Hope to Cure Breast Cancer to invite customers to participate in Macy’s eighth annual national “Shop For A Cause” charity shopping event on August 24. Customers can purchase shopping passes from City of Hope now. Macy’s “Shop For A Cause” is a unique one-day-only shopping event created to support local charities’ fundraising efforts, which has helped raise more than $46 million for charities across the country since 2006.

“Over the past eight years, Macy’s annual ‘Shop For A Cause’ has raised more than $46 million for local and national charities, providing our associates and customers an opportunity to give back to those organizations that touch their hearts each and every day,” said Martine Reardon, Macy’s chief marketing officer. “Giving back is a key component of Macy’s culture. We are honored to offer our customers an easy and convenient way to make a positive difference in their communities and in the lives of others, while enjoying great savings at Macy’s.”

sfac_logo

Macy’s has provided City of Hope with shopping passes to sell for $5 each. City of Hope will keep 100 percent of every shopping pass it sells. The more City of Hope sells, the more money it will raise.

By purchasing a shopping pass from City of Hope, customers support breast cancer research while enjoying a day of spectacular discounts, entertainment and special events at Macy’s. Pass holders will receive special discounts on most regular, sale and clearance purchases all day, but some exclusions apply.

“We’re excited to continue our 17-year legacy, and again raise money for research at City of Hope,” said Barbara Westberg, coordinator of the 2013 Walk for Hope Phoenix. “Walk for Hope is making a difference in the lives of women everywhere by supporting research that is bringing us closer to cures for breast cancer.”

For more information about Macy’s “Shop For A Cause,” visit macys.com/shopforacause. To purchase a shopping pass from City of Hope, contact Barbara Westberg at bwestberg@coh.org. To register for or donate to Walk for Hope please visit walk4hope.org/phoenix.

About City of Hope:
City of Hope is a leading research, treatment and education center for cancer, diabetes and other life-threatening diseases. Designated as a comprehensive cancer center, the highest honor bestowed by the National Cancer Institute, and a founding member of the National Comprehensive Cancer Network, City of Hope’s research and treatment protocols advance care throughout the nation. City of Hope is located in Duarte, Calif., just northeast of Los Angeles, and is ranked as one of “America’s Best Hospitals” in cancer and urology byU.S.News & World Report. Founded in 1913, City of Hope is a pioneer in the fields of bone marrow transplantation and genetics. 

Black Friday, Cyber Monday

Black Friday Deals And Cyber Monday Madness

It’s all about Black Friday and Cyber Monday deals this Thanksgiving, but what about deals before Black Friday?

Plenty of retailers, such as Target, Toys ‘R’ Us and Amazon.com, have already kicked off the holiday season with incredibly low prices on high-end items with online-only specials.

Pre-Black Friday Sales

Here are two retailers holding pre-Black Friday sales:

Target

Target has pre-Black Friday deals online and in-store until Wednesday, Nov. 23.

In addition to the great deals, Target is also supplying coupons for the items on sale on its website. Sale items include electronics, toys and household items.

But Black Friday sales are what it’s all about, and Target has a slew of hot items at great prices. In the electronics department, you can find hot buys on the Kindle 3G, a PS3 bundle and a TOMTOM GPS system. Then there are the toys, clothes and household items with door buster prices. And for those deals, you have to wait until Friday.

Toys ‘R’ Us

Toys ‘R’ Us has special deals on Leapfrog books and Leapster learning games, select LEGO games and Radio Flyer Scooters. Additional promotions include, buy one, get one 40 percent off for DS and 3DS video games, and an Olympus 12 mpx digital camera for $69.99, as well as saving up to 50 percent on board games. Customers get free shipping for an order of $49 or more. But hurry, you only have until Nov. 23 to pick up the savings.


Pre-Black Friday Online Retailers

Here are a couple online retailers holding pre-Black Friday sales:

Overstock.com

Overstock.com is overflowing with great pre-Black Friday red line deals. From cameras to televisions, some of these red line items are already sold out. There is also an extra 10 percent savings on select outerwear and boots, and don’t forget to stay cozy with some new winter bedding. Overstock.com also offers some great steals on jewelry and designer frocks.

Amazon.com

Another pre-Black Friday, retailer is Amazon.com. Amazon has started their time-released lightning deals on Monday, Nov. 21, and they will run all week long. Amazon.com did this last year to entice online holiday sales, and this year it’s taken off in force; in less than an hour from its 4 p.m. release time, a Haurex Italy Men’s Red Arrow U.C. Sampdoria Chronograph Tachymeter Rubber Watch that retails for $800, sold out for $99. The same goes for the Blu-Ray Pulp Fiction DVD for $3.99 from its $19.99 list price — and when it’s gone, it’s gone.

Deals are released approximately every hour with only a clue as to what the product might be.


Black Friday Deals

Many, many retailers are boasting great Black Friday deals, but here are a few:

Apple

Apple is known for set prices on its products and accessories, but this Black Friday Mac products will be 10 to 15 percent off. Mac’s will be approximately $101 off the regular price and iPad’s will be $41 – 61 off depending on storage size. The biggest savings will be the base level Macbook Air starting at $898. Apple is also discounting its accessories such as the iPad 2 Smart Cover, the Apple Wireless Keyboard and the Apple Wireless Magic Trackpad.

Macy’s

Macy’s is known for its historic Thanksgiving Day Parade (that airs 9 a.m. – 12 p.m. ET Thanksgiving Day), but they also have some incredible deals, such as ladies cashmere sweaters for $40 (regular retail value $109), as well as men’s Oscar de la Renta sweaters starting at $30. Men’s and women’s winter boots are up to 50 percent off and select kitchen appliances starting at $9.99.

Wal-Mart

Wal-Mart has some of the best deals on the market, according to its Black Friday sale paper. Select movies regular DVD and Blu-Ray are being advertised for $1.96 – $10.

A selection of Blu-Ray movies under 15 dollars? Only on Black Friday.

Wal-Mart is also attempting to one-up all the other retailers by starting Black Friday sales two hours earlier. While most retailers are starting sales at midnight following Thanksgiving, Wal-Mart is honoring some of their sale prices starting at 10 p.m.

Local Deals

Blissful Yoga Studio

Blissful Yoga, locally owned and operated with locations in Arrowhead, North Phoenix and Scottsdale Quarter, is offering an exclusive, online Black Friday special starting this Friday at midnight.

The special? Sign up for a membership, pay two months and receive two months FREE. This is valued at $270 and is only offered to the first 100-150 memberships. You can cancel after the four months if you wish; no penalties.

For more information about Blissful Yoga, visit blissfulyoga.net.

Phoenix Art Museum

The Phoenix Art Museum is having a Black Friday deal for art lovers. Only on Friday Nov. 25 can you purchase a museum membership for 20 percent off. You can purchase the membership online and enter the code: BLACKFRIDAY or you can visit the museum between 10 a.m. and 5 p.m. to get this great offer.

For more information about the Phoenix Art Museum, visit phxart.org.

Desert Ridge Marketplace

Desert Ridge Marketplace in Phoenix is also offering tons of coupons from its restaurants on locations and retailers, including Aeropostale, Barnes & Noble, DSW and many more. Although you cannot use these coupons on Black Friday, they are valid through December 31, 2011 — perfect for holiday shopping post-Black Friday.

Browse the list of coupons on Desert Ridge Marketplace’s website.


Cyber Monday

Many of the businesses mentioned above will be holding a Cyber Monday sale. Many of the items won’t be disclosed until the night before. But, you can get the inside scoop if you follow your favorite store on Facebook and/or Twitter.

Here are some Cyber Monday links:

Twitter: Cybermonday_fm
Facebook: Cyber Monday FM


Don’t Forget Small Business Saturday

There are incredible deals out there, but don’t forget to shop small businesses on Small Business Saturday, Nov. 26.

Small businesses support the economy and create jobs in your community. Arizona has a plethora of local artisans, jewelers and boutiques. If you can complete even a portion of your holiday shopping at a local business, you’ll be doing something great for your community and yourself.

If you’d like to shop local, calculate your impact and find a local business by visiting shiftarizona.com.