Commercial Real Estate & Business News – July 30, 2015

Haggen Grocery Expansion Hits Snags, Faces Albertsons Lawsuit

Rolling out 146 new stores was never going to be easy, but Haggen has run into even bigger challenges than the Bellingham, Washington-based grocery chain may have anticipated. Haggen announced last year it would take over many of the stores vacated by Albertsons and Safeway after the two companies merged and were forced to divest of some of their stores. The chain opened its first Phoenix store earlier this spring… Read more »

UA Expands in Downtown Phoenix

The University of Arizona has a large and expanding health and science presence worth nearly $1B per year on prime property in downtown Phoenix. The Phoenix Biomedical Campus land is owned by the City of Phoenix and all three state-funded Arizona universities have functions there. But it?s the UA that dominates the 30-acre property, having invested nearly $450M in campus building projects… Read more »

Downtown Phoenix, Roosevelt Row Replace Scottsdale as Most Expensive Rental Markets

Apartment rents are jumping in central and downtown Phoenix, according to a new report. Asking rental rates in the Valley are most expensive in the downtown, Roosevelt Row and central core… Read more »

Can You Guess Which Sectors Gained and Lost the Most Jobs in Arizona Since the Recession?

The Phoenix metro is still 101,000 jobs short of where it stood in October 2007, the best employment month in the area?s history. The largest drop in workforce by sector is, unsurprisingly, in construction, where today there are 75,500 fewer workers ? 102,000 ? than the 177,500 in the sector at the peak of employment before the recession. Education was the second largest job-losing category, shedding 32,400 jobs since the recession started… Read more »

Pet Club Poised for More Growth

Pet Club has experienced incredible growth since its founding in 1982. It began as a feed and tack store in Apache Junction and by 2010 had 12 locations?and there have been more than 45 transactions since, reaching outside of Arizona to Texas and Colorado… Read more »