Commercial Real Estate & Business News – June 15, 2023

The city of Mesa approved zoning on the data center campus in 2019. It’s taken this long for the company to start coming forward with building design plans. The project — called “Redhawk” — is planned on more than 185 acres near the northwest corner of Sossaman…»

Silver Creek Development, a private real estate development and investment group, has commenced construction on an eight-building, 330,000-square-foot industrial complex in Mesa. Sossaman Business Campus will be built on a 26-acre site at the intersection of…»

A Taiwan-based semiconductor component manufacturer is expanding to the U.S. and opening a new headquarters in Phoenix. Highlight Tech Corp., which makes specialty process components and vacuum systems for high-volume semiconductor manufacturing, is planning…»

Though office sales in the Phoenix market have slowed considerably, one segment has remained relatively resilient: medical office buildings. Medical office buildings, or MOBs, are purpose-built commercial buildings specifically developed for healthcare providers…»

A California-based developer is looking to build 1,500 apartment units and more than 20,000 square feet of retail on a 15-acre site in midtown Phoenix. Earlier this month, Petree Properties met with the Encanto Village Planning Committee to propose a multi-phase mixed-use…»