Arizona Leads West in Income Growth
Arizona’s median household income rose by 15.2% over the latest three-year recording period, according to new data from the U.S. Census Bureau. That was the highest growth among western and mountain states, and higher than Texas and Florida. The Census data, which compares income growth averaged between 2014-2016 and 2017-2019, indicates that the median household income in Arizona rose by more than $8,600.
In addition, last year, Arizona’s total personal income rose by 5%, the fifth strongest growth in the nation, according to the Bureau of Economic Analysis.
“Arizona is a national leader in attracting more jobs and companies to move here — and it’s bringing real benefits for Arizona families,” said Governor Ducey. “This growth doesn’t happen by accident. It’s a result of welcoming policies and hard work from Arizona entrepreneurs and employees to innovate and expand. We want Arizona to continue to be a state that continuously affords more opportunity for its citizens. We will continue to advocate for policies that keep our state on a path of growth and opportunity for all.”
To Be Successful, Retail Must Change Strategy
Across the country major retailers are reopening with shaky confidence and continued fears. Whether you are a major chain like Apple or a local mom & pop shop you are undoubtedly considering changes to strengthen your retail in 2020.
Much of Arizona has reached the point of re-opening retail. Major metropolitan areas like Phoenix and Tucson are loosening restrictions and opening cautiously. Businesses, however, are looking very different than pre-COVID times. It can be challenging, but if a brick-and-mortar giant like Best Buy can do it then so can you.
Breaking down the changes into simple steps can make it easier to track and complete. So, here are some things to consider:
We Give to Make a Difference
Kathy Calvin, former President and C.E.O. of the United Nations once said, “Giving is not just about making a donation. It is about making a difference.”
Now that we are opening more businesses and adapting to a new way of doing things, it is important to find ways to strengthen our communities by investing our time and resources especially in those whose presence and participation in our community-life is so needed.
eHotPot to Open at University Commons
Chinese-style hot pot restaurant eHotPot announced plans to open Friday, May 15 at 243 E. Speedway Blvd., Ste. 141. However, Taiwan-style bento box take-out will be the focus for now.
The restaurant posted on their Facebook page Tuesday night:
We will be opening for Take-Out (only) starting Friday, May 15th. The take-out service will feature Taiwan Style Bento boxes which include a main dish and 2 side dishes. A free 32oz drink is included. Also available will be a variety of side dishes. We will also offer delivery service about 1 week after we start take-out service.
We will publish the the menu/ordering...
Opening Retail After COVID-19
DSW Commercial Real Estate, along with the entire state of Arizona, is beginning the process of re-opening business. Until now, we have each been working from home, minimizing our exposure and following all recommended protocols while still doing all we can to keep our tenants and owners operating as optimally as possible.
The following are some best practices for re-opening after COVID-19 from a recent article in Inside Tucson Business.
- Allow “at risk” employees to continue working from home as needed
- Ask employees to remain at home if a) symptoms are present or b) exposure to anyone with symptoms occurs
Califronia Fish Grill Coming Soon
California Fish Grill, a Los Angeles-base chain of fast-casual seafood restaurants, will make its Arizona debut on the northeast corner of Stapley and Baseline in Mesa.
It’s taking over 3,200 square feet in the building that formerly was home to Old Country Buffet, which closed in 2015.
Founded in 1998, California Fish Grill partners with reputable fisheries that provide the freshest wild-caught and responsibly farm-raised fish.
Retail's Response to COVID-19
Mahatma Gandhi once said, “Unity to be real must stand the severest strain without breaking.” I believe that despite a few toilet paper hoarders (you know who you are); I have seen the best of human behavior displayed more abundantly, than the contrary. I want to share a few of those stories with you here. Please read them and share them with the world!
A New Kind of Supportive Shoe
Coronavirus Safety for Retail
We value the health and well-being of our tenants, their employees, and customers. As you are aware, several cases of COVID-19 (coronavirus) have been documented in Arizona.
As busy retailers we are aware you may be preparing for coronavirus related issues. The following link from ICSC, the International Council of Shopping Centers has some helpful information that may assist you in setting your own policies:
Per the Center for Disease Control (CDC) website the following are some recommendations to help reduce the spread of infection. The best ways to reduce the risk of getting this or any viral respiratory infection include:
Tucson Retail Trends by Sandra Sarabia
This article was originally published in Trend Report in March 2020
There is nothing more rewarding than taking a favorite Landmark retail center and refreshing its aesthetic and appeal. That’s precisely what DSW Commercial Real Estate and its partners are doing at Campbell Plaza. The parking lot has been resealed, buildings have fresh, contemporary paint schemes, monument signs have a new look and the common area restrooms have been beautifully remodeled. These are just a few of the value-adding updates and improvements that are drawing more traffic and improving the overall shopping experience.
Tucson AZ In the Top Ten for Real Estate Housing Markets
Realtor.com analysis puts Boise, Idaho; McAllen, Texas; and Tucson, Arizona in 1, 2 and 3 positions
Realtor.com is reporting next year’s top housing markets are Boise, Idaho; McAllen, Texas; and Tucson, Ariz., according analysis of the 100 largest metros released recently.
In a year when sales are expected to slow by 1.8% nationwide, these top 10 markets are predicted to see a 2.4% increase. Likewise, home prices are projected to rise just 0.8% nationwide but 3.1% in these top metros. (The ranking is based on an analysis of projected home sales and price data.)
Campbell Plaza
TUCSON, ARIZONA – DSW Commercial Real Estate announced that it has purchased Campbell Plaza shopping center for $33 million with its partners at Iridius Capital and JCR Capital.
Campbell Plaza is a 190,022 sq. ft. grocery-anchored mixed-use center and is
considered a core-plus asset. The shopping center is strategically located along
Campbell Avenue, a major arterial route in Tucson’s central corridor.
Foothills Corporate Center
TUCSON, ARIZONA – Foothills Corporate Center, located at 3430 E Sunrise Drive and consisting of approximately 42,515 square feet of office space, is under new management with DSW Commercial Real Estate, LLC as of August 1, 2018. DSW Commercial Real Estate is a Tucson based firm and is led by Broker and C.E.O., Michael Sarabia and Asset Manager and Partner, James Hardman.
Skyline Esplanade II
TUCSON ARIZONA - UA/Banner Medical Opens Dermatology Clinic and Medical Office in Pima Canyon
This new office will host the University of Arizona’s division of Dermatology. They are equipped with state of the art equipment that will provide comprehensive outpatient services to their patients.
University Commons
TUCSON ARIZONA - Construction is expected to begin later this year on a new shopping center in central Tucson.
University Commons at Feldmans is located on the northeast corner of Speedway and Sixth Avenue and feature 10,000 square feet of retail and restaurant space.