retail Archives

Is retail dying? No, but it is changing in a major way

by in AZRE Magazine

Ask yourself, what do you do on a weekly basis when you leave the house? Many of us exercise, grocery shop, our wives or lady friends purchase beauty services, we eat out, shop, enjoy entertainment at the movies, comedy clubs, or symphony. The list goes on; all of which require a presence of retail. However,… Read More →

Silicon Desert Insider: What sexy lingerie can teach you about e-commerce

e-commerce
by in AZ Business Magazine | Tech

The e-commerce industry has evolved rapidly as new technology has increasingly pushed the retail industry to the web. The need for a strong digital platform now outweighs the necessity of brick and mortar locations. Early on, Yandy realized we would have to become a technology startup, just as much as we would need to become… Read More →

Phoenix retail report: more demand, less vacancies, higher rents

Arizona Polymer Flooring

The Phoenix retail market started 2017 with strong leasing activity, rising net absorption and steady rental rates, according to Kidder Mathews’ Phoenix retail Q1 2017 report. The overall retail vacancy level of 8.6 percent represents the lowest vacancy rate recorded since the third quarter of 2008. Total vacancy decreased by 20 basis points, a result of 803,000… Read More →

CBIZ Plaza sells in Midtown for $26M

Cushman & Wakefield

A midtown office tower, near Central Avenue and Thomas Road, was sold to Houston-based Riva Ridge Development from Miami-based LNR Property Corporation for $26 million, which included fees assessed by an auction company, according to Cushman & Wakefield. The CBIZ Plaza is located at 3101 and 3111 N. Central Ave. in Phoenix, across the street… Read More →

17 retailers expecting to close stores this year

by in AZRE Magazine | Retail

Online shopping has been a force of change in the retail world, which has stirred many places to start redesigning and redeveloping to bring in more customers. There’s been news about many retailers closing around the Valley and the nation, but Phoenix has been seeing healthy leasing activity recently. Still, national retailers are closing doors,… Read More →

How retail is bringing shoppers back for more

retail
by in AZRE Magazine

Why someone returns to a store or shopping center can be hard to peg but most shoppers want stores to be a hub for convenience and entertainment where experiential retail merges with things to do outside of shopping. According to a recent Coldwell Banker Commercial Affiliates survey, shoppers still value traditional brick-and-mortar shopping experiences. In… Read More →

Industrial & office steal spotlight from multifamily at 10th Annual IREM-CCIM Economic Forecast

While many turned their attention to Washington D.C. for the inauguration of President Donald Trump, the Valley’s heaviest hitters in commercial real estate joined forces at the 10th Annual IREM-CCIM Economic Forecast on Friday at the Arizona Biltmore. For the program, 21 of the Valley’s top commercial real estate leaders with 521-plus years of combined CRE… Read More →

2017 Outlook: Retail shifts from ‘bricks to clicks’

retail
by in AZRE Magazine | Retail

The “shift from bricks to clicks” in the retail industry describes a growing trend of retailers who are selling products online instead of at brick-and-mortar stores and shopping centers. In retail, net absorption remains low and vacancy higher than expected, but the most growth is being concentrated in a few hot submarkets like Central Phoenix… Read More →

Cushman & Wakefield expects hot economy in 2017

by in AZRE Magazine

A report released by Cushman & Wakefield anticipates the U.S. economy and property markets to be positioned to perform well in 2017, after a turbulent 2016. “Even before the election, the U.S. economic fundamentals were showing signs of heating up,”  said Kevin Thorpe, Cushman & Wakefield’s global chief economist. “We observed a big GDP number… Read More →

Scottsdale Fashion Square announces big renovation plans

Enhancements to Luxury Offerings Will Be First Phase; Louis Vuitton Announces Major Store Renovation in 2017   Macerich, one of the nation’s leading owners, operators and developers of one-of-a-kind retail properties in top markets, today announced a phased project to further enhance the iconic Scottsdale Fashion Square. Plans include a renovation of the luxury wing followed… Read More →

Wasson builds new retail center, demolishes iconic building

by in AZRE Magazine | Construction | Retail

For Mesa-based Wasson Commercial Contracting, it’s in with the new and down with the old at two construction sites in the Valley. Wasson completed construction on a 13,000-square-foot retail building at the NEC of Dobson and Bass Pro Drive at Mesa Riverview. As that project was going up, Wasson was salvaging the building that once… Read More →

Report: retail to have strong 2016 finish after cool summer

retail space avaialble sign in a window of a building
by in AZRE Magazine | Retail

The Greater Phoenix retail market experienced a cooling effect over the summer months of third quarter with net absorption slowing and vacancy rising for the first time since 2014 , according to Colliers International’s retail report. Colliers International experts anticipate a strong finish for 2016 as fourth quarter retail picks up pace. Net absorption remained… Read More →

3 retail buildings coming to Williams Field and Val Vista Roads

retail
by in AZRE Magazine

Scottsdale-based developer SimonCRE purchased ±3.04 acres of land at the southeast corner of Williams Field Road and Val Vista Road and will develop three retail buildings totaling ±15,000 square feet; a ±9,900-square-foot multi-tenant retail building, a 3,000-square-foot freestanding restaurant building, and a 3,009-square-foot freestanding building. The site is located approximately one mile west of SanTan… Read More →

Trends to watch in 5 commercial real estate markets

Phoenix

It’s that time of year again when commercial real estate firms analyze market activity based on numbers and reports from the first two quarters of the year, and predict how that will impact the rest of 2016 through next year. Experts in their respective markets weighed in on the findings from quarter two reports in… Read More →