San Jose, Calif.-based sandwich chain Togo’s announced this week aggressive expansion plans for the Phoenix area, entering a highly competitive market for the lunchtime staple. Togo’s has plans for upwards of 15 stores in the Phoenix region within the next three to four years, said company CEO Tony Gioia, as well as plans that call [...]
Posted on May 4th, 2013 by admin
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Steven Murray has a vision of an Arizona energy market where consumers get their power from whatever source they feel is best. Murray is the president of Direct Energy Residential, the Houston-based company that provides sales to homeowners in deregulated utility markets. They’re also the company that’s opening a new call center in Tempe that’s [...]
Posted on April 27th, 2013 by admin
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Heineken USA Inc. is introducing another Mexican beer to the Phoenix, Tucson and Las Vegas markets. Heineken is bringing Indio beer to the Southwest markets after a U.S. launch of the Mexican-brewed darker ale in Texas, Southern California and Chicago last year. Indio is brewed by Heineken-owned Cuauhtémoc-Moctezuma Brewery in Mexico. The Monterrey-based brewery also [...]
Posted on April 22nd, 2013 by admin
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Phoenix-based Vestar Development Co. — one of the largest privately-held shopping center firms in the West — has entered the Texas market for the first time and expanded its Southern California footprint with the addition of two large shopping centers that total roughly 650,000 square feet. Vestar scooped up the nearly 300,000-square-foot Peninsula Center in [...]
Posted on April 9th, 2013 by admin
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The days when large Wall Street investors had a plethora of foreclosures and short sales to convert into income-generating rental homes are gone. But even with the housing market’s momentous recovery this past year, a RealtyTrac report released Thursday noted opportunities still abound for smaller investors in certain markets, including metro Phoenix. RealtyTrac ranked the [...]
Posted on April 5th, 2013 by admin
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Solon Corp. is hoping to broaden its market as the company announced last week it would look to develop business outside Arizona for the first time. The Tucson-based solar power developer has brought on 15 new employees during the past six months aimed at giving the company a stake in power development throughout the U.S. [...]
Posted on April 1st, 2013 by admin
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I had a chance to catch up with Kate Warne, investment strategist for St. Louis-based Edward Jones, while she was in Tempe today to share her expertise with the firm’s financial advisors. With a doctorate in economics from Yale, Warne has been a principal with the firm since 1999 and a member of its investment [...]
Posted on March 11th, 2013 by admin
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The still recovering regional job market received a boost this week with military insurer USAA’s announcement it was adding as many as 1,000 jobs at its Norterra campus in north Phoenix. The employment picture gained more momentum with General Motors’ announcement it was locating a new 1,000-worker high-tech center in Chandler. The automaker also is [...]
Posted on March 7th, 2013 by admin
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The 12-year bull run on gold may be coming to an end as futures dropped by the most in eight years last quarter. The dive in gold prices was spurred in part by the decision of billionaire investors George Soros and Louis Moore Bacon to cut their stakes in exchange-traded products backed by gold. Soros [...]
Posted on February 15th, 2013 by admin
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As metro Phoenix home values surged and foreclosures and short sales waned throughout last year, homes priced at the lower end of the market have received the bulk of the attention. But what about those million-dollar mega homes that saturate high-income submarkets such as Scottsdale and Paradise Valley? A new report from local real estate [...]
Posted on January 14th, 2013 by admin
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