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RETAIL SOUTHWEST BREAKING NEWS
March 18, 2010
$200M MXD in AZ Breaks Ground

CHANDLER, AZ-Ground breaks on Chandler Echelon's phase one, a class A office building with a $25-million construction tab. Two hotels and retail pads are close behind. ... Full Story

161,011-SF Center's Redo Earns Five More Leases

HOUSTON-Greenstreet Real Estate Partners begins phase two of a $1-million overhaul at Copperfield Village. New deals close off 43,095 sf for long-time tenants and newcomers. ... Full Story

Westcor Master Planning 12,000 Acres for State

TUCSON-The plan will create a mini-city within the city. Westcor will pay more than $1 million for planning rights with no assurance of getting any land. ... Full Story

AZ To Auction Lease Rights to 112 Acres

PHOENIX-The Arizona Land Department is offering a 99-year ground lease for land valued at $32 million. The mixed-use build-out could have one million sf of retail. ... Full Story

TradeCor Buys More Land in Emerging Retail Area

GOODYEAR, AZ-Within two weeks of closing one land deal, the developer picks up another 14.66 acres at the same corner for $12.5 million. ... Full Story

Pier 1 Inches Toward Profitability

FORT WORTH, TX-The company loses $10 million during the third quarter, down from $72.7 million in the same year-ago period. ... Full Story

Goldberg Jumps From Children’s Place to Zale

DALLAS-Both companies hit one-year lows in sales and stock price this month. ... Full Story

Retail Brokers Sets Up Shop in Houston Area

HOUSTON-The Scottsdale, AZ-based company opens an office in the Galleria to oversee existing holdings and bag new ones for the portfolio. ... Full Story

Dave & Buster's Inks Store Deals

DALLAS-The restaurant and entertainment complex operator signs four deals for stores in 2008 and letters of intent for new locations in 2009. ... Full Story

40,310-SF Retail Piece Trades for $192 Per SF

PHOENIX-Highland Development sells two buildings to Sun Life Financial as it marks the second year of a 375,000-sf redevelopment of periphery retail at Metrocenter Mall. ... Full Story

35 Acres of Retail In Works for Far North

SPRING, TX-The West Rayford Road extension and another 16,000 single-family lots prompt two Woodlands' developers to make plans for three retail projects. ... Full Story

TradeCor Snags 14 Acres for MXD Development

GOODYEAR, AZ-The developer will do some vertical work plus ready the dirt for resale and ground leases for hotel, restaurant and retail projects. ... Full Story

Bourn Plans 1M-SF Destination Retail Site

GEORGETOWN, TX-The Tucson-based developer hopes to build 800,000 sf to one million sf at the 350-acre Longhorn Junction mixed-use project. ... Full Story

$30M New Urbanist Project Breaks Ground

DESOTO, TX-The pedestrian-oriented, mixed-use development is going up on a former shopping center parking lot, with completion targeted for spring 2009. ... Full Story

CompUSA Acquired, Stores Closing

DALLAS-DJM Realty is disposing of the 103 stores that are to close, and negotiations have already started for unit sales. ... Full Story

Panel: Population Growth Spurs Green Building

PHOENIX-Society is pushing for environmentally-friendly projects, and the globe’s population growth demands them, ICSC speakers say. ... Full Story

Diversified Prepares for 214,400-SF Mesa Ranch

MESA, AZ-The Scottsdale developer plans a spring 2008 construction launch on the $35 million project, which already has Pro's Ranch Market and La Curacao as tenants. ... Full Story

Glimcher Ventures Plans $100M, 52-Acre MXD

MESA, AZ-Work starts in the spring on Baseline Marketplace. The office component's not firmed up, but the rest will be 175,000 sf of retail and 400 or more multifamily units. ... Full Story

Globalization Impacts Retail Industry

PHOENIX-Growth in foreign countries, especially China and India, will have a long-term impact on the industry overall, ICSC speakers say. ... Full Story

Community Center Plan Backs $8M Land Play

GOODYEAR, AZ-Diversified Partners and Desert Troon will start work next fall on the 14.4-acre Cotton Flower Marketplace. LA Fitness and CVS/Pharmacy have dibs on pad sites. ... Full Story

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