Commercial Real Estate & Business News – May 1, 2023

This is a day of good news on the inflation front that may not matter to the Federal Reserve, at least for now. First, compensation costs for private workers were up a seasonally adjusted 1.2% for the first quarter of 2023, according to the Bureau of Labor Statistics. Wages and…»

Urban Outfitters has found industrial space in the East Valley to serve its retail stores. The Philadelphia-based company will move into a newly built, 190,000-square-foot building at Warner Commons in Gilbert. It will occupy about 130,000 square feet, said Stein Koss,…»

In an effort to consolidate the Loop 202 South Mountain Technology Corridor, the City of Phoenix has approved infrastructure cost reimbursements, totaling $20 million, for two development companies which will bring new industrial projects in the area. Under the terms…»

Phoenix is spending almost $30 million buying up property in west Phoenix to lift residents out of poverty and to give a much needed facelift to the 27th Avenue corridor. Two former motels and a vacant K-Mart building at 27th and Northern avenues just west of…»

As the semiconductor manufacturing buildings go up, the suppliers move in. Edwards, a British company that helps to keep clean rooms and other manufacturing areas pristine, has opened shop in Chandler, the latest in a string of suppliers and contractors jockeying to serve…»