A bill was passed by the state legislature that bans cities and counties from adopting ordinances that require a retail business to comply with specific security requirements. Critics say it will hamper the ability of cities to fight crime around convenience stores. Arizona State University criminology professor Charles Katz will discuss the measure.
As another sign of the Valley’s economic recovery, retail vacancy rates for Metropolitan Phoenix have fallen into the single-digit range for the first time since 2008. That’s according to recent retail studies by commercial real estate firm CBRE’s Phoenix office. CBRE Vice President Greg Abbott will discuss the Valley’s 9.6 percent retail vacancy rate.
Arizona retail sales clocked in at $4.47 billion in July, the highest level for the month since before the recession. Arizona State University Economist Dennis Hoffman will discuss what’s behind the increase in sales.
CBRE has released a year-end report that shows positive news for the Valley’s office, industrial and retail real estate markets. Craig Henig, CBRE’s Senior Managing Director and Arizona Market Leader, talks about the report.
What the Arizona Supreme Court ruling on a tax incentive agreement between the City of Phoenix and the developer of the CityNorth retail development means for the future of similar tax incentive deals.