Commercial Real Estate & Business News – August 25, 2022

An estimated $1 billion multi-use development is slated for Scottsdale Airpark, bringing a five-star 223-room hotel, 1,236 condos and apartments and 100,000 square feet of retail space to 32.3 acres. The Parque, unveiled at an open house Aug. 11, calls for…»

Sprouts Farmers Market Inc. has signed a long-term lease to occupy the grocery anchor store at Papago Plaza.Sprouts (Nasdaq: SFM) will slide into a 23,000-square-foot space at the base of a 172-space, two-story parking garage above it at the shopping center being…»

The Silicon Desert could become a post-Silicon Valley entrepreneurship hub the world has never seen before according to university officials and business experts. Greater Phoenix already offers advantages for startups over other tech hubs. How so?…»

Growth is continuing in and around the Loop 101 area in the city of Glendale, which is home to the Arizona Cardinals and has seen a significant uptick in development in recent years with new restaurants, housing and entertainment offerings. Several new projects with a mix of…»

The most anticipated RentCafe report is out – and do we have some news. No less than 420,000 new apartments are expected to be built nationwide by the end of this year. and Metro Phoenix has seen a staggering increase of 90% in apartment construction…»