Commercial Real Estate & Business News – March 19, 2021

For the first time in years, retailers across the country are planning to open more stores than they are closing. From Ulta Beauty and Sephora to Dick’s Sporting Goods, Five Below and TJ Maxx, businesses are rebounding from the Covid pandemic and dusting off expansion plans that…»
MESA, Ariz. – The electric vehicle industry in Arizona revved up on March 16 as a new car manufacturer announced it is moving to Mesa after a nationwide search. On Ray Road, just north of the Phoenix-Mesa Gateway Airport, up to 500 jobs will soon fill a factory, but it could mean so…»
Officials at Taiwan Semiconductor Manufacturing Co. said they expect the company’s massive new north-Phoenix plant will attract suppliers and possibly customers as the Valley’s technology hub continues to expand. The company has started to hire engineers for the $12 billion…»
Scottsdale Quarter is adding several more stores to its ever-expanding elite lineup of tenants. Sanderson Lincoln opened a new boutique earlier this year on 73rd Place and TopComp Homes and Beard Papa’s have recently opened on the South Street corridor. Slated to open in Spring…»
Greater Phoenix lost about 33,100 jobs in January, according to the latest employment report from the Bureau of Labor Statistics, virtually undoing the gains the market accrued in November and December. Job losses in January follow typical seasonality patterns; temporary hires during…»