Retail follows Rooftops

That phrase was coined to describe Phoenix, Arizona, a city with a phenomenal 45% population increase between 1990 and 2000. Now an area of over 3 million people, Phoenix is expected to grow to over 8 million in the next twenty years.

A housing boom is the result, with an average of 65,000 new homes constructed in each of the past three years. And where there are new households, there is a need for new retail.

That's why Phoenix was chosen as our first regional office. Established in 2002 to control the CVS Pharmacy market expansion in Arizona, our office is now developing dozens of retail sites across the Phoenix market. Our CVS and retail developments in Las Vegas and Reno, NV and in New Mexico are also controlled through this regional office. In 2006, we doubled the size of the Phoenix office, testament to our growing development effort in a rapidly growing market.