Property Types Retail
In Warm Phoenix, Open-Air Shopping Centers Struggle to Beat Summer Heat
May 7, 2008
Source: Arizona Republic

In the Phoenix area, four newly debuted regional outdoor lifestyle centers are about to face a major test: Can they keep their shoppers cool? Tempe Marketplace, Mesa Riverview, SanTan Villlage and the Promenade at Casa Grande are finding themselves mulling ways to keep customers strolling through, even as temperatures surpass 100 degrees.

"A misting system will work during the dry months," Arizona State University Sustainability Practices manager Bonny Bentzin told the Arizona Daily Republic. "But in July and August? Not so much. Shade is the key."

 
Recent Retail Headlines
Corus, Lehman Bros. Make D.C. Loans
Corus Bank closed a $72 million loan to MR BP Office #1 L.L.C. to finance the construction of a nine-story Class A office building located at 55 M Street SE in Washington, D.C.
H&M Opens First of Series of Atlanta Shops
The Swedish clothing retailer will debut its first in-town store at Atlantic Station on June 13.
JV Formed to Develop Suburban Des Moines Retail
Capital Growth Madison Marquette of Minneapolis and DRA Properties L.L.C., an Ankeny, Iowa-based real estate company, have formed a partnership to develop about 500,000 square feet of retail space in Ankeny.
Barneys CEO Officially Resigns
Following several rumors and reports of the resignation of its CEO, Barneys New York has officially announced that Howard Socol, chairman, president and CEO of the company, has resigned.
Macy's Announces Openings in Southwest
Cincinnati-based Macy's Inc. announced plans to open three new Macy's stores in the Phoenix market within the next two years.