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In Other Economic Development News



Grocery stores in for big future changes, report says494Grocery stores in for big future changes, report says<div class="ExternalClassAA8C2E137AA94A678677C674BF741235"> <figure><img src="/econdevsite/MediaAssets/EconomyUpdate/UPDATE-20190620-Sprouts-Produce-Dept.jpg" alt="Photo of the typical produce department at a Sprouts Farmers Market" style="margin:5px;" /> <center> <figcaption> <em>Phoenix-headquartered Sprouts Farmers Market is opening a new store in the Laveen Village, Phoenix, Arizona.</em> Image: Sprouts Farmers Market</figcaption></center> </figure> <center> <em>By Brandon Brown for Phoenix Business Journal</em></center><p> <span style="font-size:15px;">Grocery stores have always played a significant role in the retail sector, but the industry is evolving. A new analysis on supermarkets by real estate firm CBRE suggests significant changes are coming to grocery stores in the next decade.</span></p><p> <span style="font-size:15px;">These predictions by CBRE’s retail and research experts — which include fully automated checkout processes, adoption of more technology, proliferation of smaller stores and ​more nontraditional partnerships — will impact a range of industries outside of retail.</span></p><p> <span style="font-size:15px;">Grocery stores are the favorite shopping center anchor for many landlords and real estate investors, but supermarket operators are facing pressure to adapt to changing consumer preferences as well as automation and delivery demands.</span>​</p></div>7/12/2019 5:00:00 PM
$1B development could revive midtown Phoenix, Steele Indian School Park549$1B development could revive midtown Phoenix, Steele Indian School Park<div class="ExternalClass4EFA6E0F0D72464B8A032AD387F8810A"><figure> <img src="/econdevsite/MediaAssets/EconomyUpdate/UPDATE-20190731-Pivotal-Group-Central-Park.jpg" alt="Rendering of six-building high-rise in Midtown Phoenix" /> <center><figcaption><em>Phoenix-based Pivotal Group plans to develop the $1 billion Central Park highrise cluster at the northwest corner of Indian School Road and Central Avenue in Midtown Phoenix.</em><br>Image: Pivotal Group</figcaption></center> </figure> <center><em>By Jessica Boehm for The Arizona Republic</em><br></center><p><span style="font-size:15px;">Six high-rise towers may soon replace a long-vacant plot of land at the northeast corner of Indian School Road and Central Avenue in Phoenix — a project that supporters call a first of its kind in Arizona. </span></p><p><span style="font-size:15px;">The planned development, dubbed "The Central Park," calls for more than 2 million square feet of development on the 15-acre lot that borders Steele Indian School Park. It will feature apartments, condominiums, office space, a retirement community and 170,000 square feet of retail.</span></p><p><span style="font-size:15px;">A Phoenix-based developer, Pivotal Group, purchased the land a few years ago and plans to build public walking pathways surrounding the buildings to connect the community to Steele Indian School Park, which is currently hidden from the intersection.</span></p>​<br></div>7/31/2019 4:00:00 PM
Arizona selected for policy academy on cybersecurity ahead of elections505Arizona selected for policy academy on cybersecurity ahead of elections<div class="ExternalClass5EB84F0C258F4530B3E1490C02D188B3"> <figure> <img src="/econdevsite/MediaAssets/EconomyUpdate/UPDATE-20190701-Google-Data-Center.jpg" alt="computer equipment racks inside a data center" /> <center> <figcaption>Image: Creative Commons​​</figcaption></center> </figure> <center> <em>From</em></center><p> <span style="font-size:15px;">The National Governors Association awarded Arizona the opportunity to participate in a cybersecurity policy academy ahead of the 2020 election.</span></p><p> <span style="font-size:15px;">Arizona is one of six states that will receive training from the association’s staff to improve the communication between election officials and cyber-related risks prior to the election, according to a release.</span></p><p> <span style="font-size:15px;">“Through this program, we can enhance the positive work happening across our state to make sure Arizona remains at the cutting edge of cyber defense and is as prepared as possible to protect against cyber threats ahead of the coming election,” Governor Doug Ducey said in the release.</span>​</p></div>7/18/2019 7:00:00 AM
Developer plans $53M industrial park in Phoenix555Developer plans $53M industrial park in Phoenix<div class="ExternalClass497D8466F6424EF0BDE4C131824F151A"><figure> <img src="/econdevsite/MediaAssets/EconomyUpdate/logic-park-91_750xx2644-1487-580-0.jpg" alt="Logic Park 91 Rendering" /> <center><figcaption><em>An artist's rendering shows the planned Logic Park 91 in southwest Phoenix.</em></figcaption><figcaption>Image: MARWEST ENTERPRISES</figcaption><figcaption><em>By Corina Vanek for Phoenix Business Journal</em></figcaption></center></figure><p><span style="font-size:15px;">MarWest Enterprises is set to embark on a three-building, 720,000-square-foot industrial development on 44 acres of land at the intersection of 91st Avenue and Buckeye Road.</span></p>​<br></div>8/1/2019 6:15:00 PM
Southwest Valley ranks No. 1 in the nation for industrial prospects556Southwest Valley ranks No. 1 in the nation for industrial prospects<div class="ExternalClass5AF365FF84BA4EE9A6872E8EBE8DAD9B"><figure> <img src="/econdevsite/MediaAssets/EconomyUpdate/boostinjay-LvOGj1X2jHE-unsplash_750x421.jpg" alt="Welder" /> <center><figcaption><em>Welder</em></figcaption><figcaption><em>By AZ Big Media</em></figcaption></center></figure><p><span style="font-size:15px;">Phoenix’s Southwest Valley submarket has placed top in the nation for industrial prospects looking for space to relocate or expand their operations, according to the newly released JLL Q2 Phoenix Industrial Insights report. According to JLL, this includes 83 tenants in the market with a maximum requirement of more than 30 million square feet.</span></p>​<br></div>8/2/2019 6:35:00 PM
Clinical trial identifies new breast cancer drug as a potential therapy for glioblastoma557Clinical trial identifies new breast cancer drug as a potential therapy for glioblastoma<div class="ExternalClass584E75387B044ABC8C282A9111302E88"> <figure><img src="/econdevsite/MediaAssets/EconomyUpdate/9-clinicaltria.jpg" alt="Ivy Brain Tumor Center" /> <center> <figcaption> <em>The Ivy Center features personalized brain tumor therapies designed to identify promising new strategies within an accelerated timeline</em></figcaption><figcaption>Image: Ivy Brain Tumor Center</figcaption><figcaption><em>By Ivy Brain Tumor Center for Medical Xp​ress​</em></figcaption></center></figure> <center> <em><br></em></center><p> <span style="font-size:15px;">The Ivy Brain Tumor Center at the Barrow Neurological Institute, has released the results of its recent Phase 0 clinical trial of the breast cancer drug ribociclib (Kisqali) for the treatment of recurrent glioblastoma. The agent, recently approved by the FDA for advanced breast cancer, is part of a newly-discovered class of targeted therapy that undermines cancer cell division and could form the backbone of a new drug cocktail for patients with malignant brain tumors like glioblastoma. </span></p>​<br></div>8/1/2019 3:00:00 PM
Could Karyopharm's newly approved multiple myeloma drug also work in glioblastoma?558Could Karyopharm's newly approved multiple myeloma drug also work in glioblastoma?<div class="ExternalClass4A95A6127F664745876086BEA293CBC8"><figure> <img src="/econdevsite/MediaAssets/stjoeslab-6705-e1558050928153.jpg" alt="Barrow Neurological Institute and vascular surgeon" /> <center><figcaption><em>Barrow Neurological Institute and vascular surgeon</em></figcaption><figcaption>Image: Harley Bonham</figcaption><figcaption><em>By Arlene Weintraub for Fierce Biotech</em></figcaption></center></figure><p><span style="font-size:15px;">Karyopharm Therapeutics’ new product, Xpovio to treat multiple myeloma, is the first entry in a class known as selective inhibitor of nuclear export (SINE) drugs, and the FDA approval the company secured for the product earlier this month is quite limited. But one research group sees potential for Xpovio in another cancer type: glioblastoma.</span></p><p><span style="font-size:15px;">The Ivy Brain Tumor Center at the Phoenix-based Barrow Neurological Institute announced it has formed a partnership with Karyopharm to study Xpovio in adult glioblastoma, a form of brain cancer that has proven particularly difficult to target with drugs. The research will involve testing the drug as part of a combination treatment strategy, according to a statement from the Ivy Brain Tumor Center.</span></p>​​<br></div>8/1/2019 3:20:00 PM
Ivy Brain Tumor Center and Karyopharm Therapeutics Collaborate to Develop Tissue-Based Clinical Trial for Brain Cancer559Ivy Brain Tumor Center and Karyopharm Therapeutics Collaborate to Develop Tissue-Based Clinical Trial for Brain Cancer<div class="ExternalClassB7363C2102984B3799B7E7DA33786F0B"> <figure><img src="/econdevsite/MediaAssets/EconomyUpdate/barrow_tower_sunset.jpg" alt="Barrow tower at Sunset" /> <center> <figcaption> <em>Barrow Tower in Phoenix</em></figcaption><figcaption>Image: Mark Delsasso</figcaption><figcaption><em>By Business Wire​</em></figcaption></center></figure> <center> <em> <br></em></center><p> <span style="font-size:15px;">The Ivy Brain Tumor Center at the Barrow Neurological Institute has announced a partnership with Karyopharm Therapeutics​ to accelerate the treatment of brain cancer. The Ivy Brain Tumor Center will employ Karyopharm’s first-in-class oral Selective Inhibitor of Nuclear Export (SINE) compound, selinexor, in combination with other new-in-class drugs, as a dual-drug experimental therapy for adult glioblastoma.</span></p><p> <span style="font-size:15px;">​This academic-private partnership will begin with a preclinical study targeting the protein XP01 in glioblastoma patients and testing several new drug cocktails involving selinexor. Based on detailed pharmacodynamic and pharmacokinetic analyses, the lead drug cocktail will then be pursued as a combined-drug trial within the Ivy Brain Tumor Center’s Phase 0 clinical trial portfolio. This unique trial format will enable researchers to understand if the experimental therapy is impacting an individual patient’s brain tumor in as little as seven days, therefore saving valuable patient time. </span></p>​<br></div>8/1/2019 3:30:00 PM
Sprouts sets opening date for new Laveen store406Sprouts sets opening date for new Laveen store<div class="ExternalClassB06040C1B12440A1AB5F84F460F0D7EA"> <figure> <img src="/econdevsite/MediaAssets/EconomyUpdate/UPDATE-20190620-Sprouts-Produce-Dept.jpg" alt="Photo of the typical produce department at a Sprouts Farmers Market" style="margin:5px;" /><figcaption><em>Phoenix-headquartered Sprouts Farmers Market is opening a new store in the Laveen Village, Phoenix, Arizona.</em> Image: Sprouts Farmers Market</figcaption> </figure> <p> <em>By Brandon Brown for Phoenix Business Journal</em></p><p> <span style="font-size:15px;">Sprouts Farmers Market Inc. has set an opening date for its latest Phoenix store.</span></p><p> <span style="font-size:15px;">The Phoenix-based specialty grocer will open its 30,000-square-foot location in Laveen at 7700 S. 59th Ave. on Sept. 11.</span></p><p> <span style="font-size:15px;">Sprouts (Nasdaq: SFM) will be one of the anchors for the Laveen Park Place project, which is a 17.5-acre retail development with four buildings totaling 56,194 square feet. There are six pads in the development for future phases.</span></p><p> <span style="font-size:15px;">Sprouts is hiring 150 new employees for this upcoming store. The grocer said it will hold a hiring fair on July 31 and Aug. 1 at the Hilton Garden Inn Phoenix Downtown for all positions including department managers, assistant department managers, clerks and cashiers.</span></p> <figure> <img src="/econdevsite/MediaAssets/EconomyUpdate/UPDATE-20190620-Sprouts-Storefront.jpg" alt="New design exterior of Sprouts Farmers Market" style="margin:5px;" /><figcaption><em>Typical Sprouts Farmers Market storefront</em> Image: Sprouts Farmers Market</figcaption> </figure>​<br></div>6/20/2019 7:00:00 AM
Phoenix City Council votes to close Mexico trade offices465Phoenix City Council votes to close Mexico trade offices<div class="ExternalClass20D346562468416EA5122DA258CF4E02"><figure> <img src="/econdevsite/MediaAssets/EconomyUpdate/HERMOSILLO-20170328-Local-and-Phoenix-reps-gather-a-ribbon-cutting-for-trade-office.jpg" alt="A crowd of people stand in mingle in front of the Phoenix Trade Office in Hermosillo, Sonora, Mexico" /> <center><figcaption><em>Opening night group of local business people and Phoenix, Arizona, U.S., representatives, mingle at the Phoenix Trade Office in Hermosillo, Sonora, Mexico</em> Image: Eric Jay Toll, City of Phoenix</figcaption></center> </figure> <center><em>By Lorna Romero for Chamber Business News</em></center><p><span style="font-size:15px;">In a baffling vote, Phoenix City Council members voted 6-3 to shut down the city’s two Mexico trade offices while the awarded contract is being protested.</span></p><p><span style="font-size:15px;">The city currently contracts with public affairs firm Molera Alvarez to provide trade development consulting services to facilitate economic activity between Phoenix and Mexico in Mexico City and Hermosillo, Sonora. The contract is set to expire this year, and Molera Alvarez was recently awarded the new contract. Yet, on June 17, the city received two protests of the award recommendation.</span></p><p><span style="font-size:15px;">City staff recommended the council extend the current contract for 60 days while the new award is being protested. According to the council summary presented last week, the extension request was made “to avoid any lapse in these important economic development consulting services.”</span></p>​<br></div>7/2/2019 10:00:00 PM



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