On behalf of institutional owner and investor Westwood Financial, Phoenix-based retail brokerage specialist Western Retail Advisors has completed a string of leases that bring the Agua Fria Plaza retail center in Phoenix’s West…
The Phoenix metropolitan retail market tallied a year-end 2022 vacancy rate of 5.7% which is a 40 year low for the market, and 250 basis points lower than 2020’s vacancy…
The retail space is full of uncertainty and has been for a while. Is retail all doom and gloom? To do a deeper dive into the state of retail, AZRE…
In addition to plenty of retail options, the proposed Verrado Marketplace will feature movie theaters, a gym and a grocery store, according to site plans for the proposed retail center.…
SRS Real Estate Partners’ National Net Lease Group (NNLG) announced on Aug. 11 it has completed the $12.27 million sale of Fiesta Mercado Shopping Center, an 82,367-square-foot grocery-anchored property located…
Even before the COVID-19 public health crisis, brick and mortar retailers were facing headwinds thanks to the convenience of online shopping, with Amazon being emblematic of the supposed death knell…
Today, Mekong Real Estate Investment Group, owner of Mekong Plaza located in Mesa’s Asian District, broke ground on a more than 35,000-square-foot expansion of Mekong Plaza at the southwest corner…
Main Street at Verrado is a tree-lined street of shops, eateries, services and offices owned by Main Street Core Properties, LLC. This mixed-use commercial district has perennially enjoyed 100% occupancy, paving the…
Evergreen Devco, Inc., a leading retail, multifamily and industrial development company, announced that its Chandler Pavilions, a 163,594 square-foot high-traffic shopping center in Chandler, Arizona is 100% leased with multiple…
Dynamic growth in population and increased consumer spending are factors driving improvement in the Greater Phoenix retail real estate market, according to a report from Colliers. During third quarter, vacancy…
The Greater Phoenix retail real estate market is rebounding with the first half posting positive net absorption that totaled more than twice the amount absorbed in all of 2020 and…
Consumer spending on retail has rebounded, eclipsing pre-COVID levels. Now, investor confidence – and demand – is following, evidenced by a bounce-back in retail real estate transaction volumes. Retail, especially…
