Commercial Real Estate & Business News – February 22, 2024

Amkor Technology Inc. cleared a major hurdle on its path to construct a $2 billion packaging and testing complex in the northwest Valley on Tuesday night, when Peoria’s leaders gave their enthusiastic support for an agreement to construct the project on more than…»

While infrastructure and site work are underway in Mesa, construction on the first phase of a build-to-suit U.S. headquarters for Canadian company Xnrgy Climate Systems is just around the corner. Matt Jensen, a partner at Utah-based The Boyer Co., said he expects to have the…»

Following steep losses through the second half of last year, the Phoenix apartment market finally posted positive monthly rent growth in January. The average asking rent increased 0.3% in the inaugural month of 2024, the largest increase since May 2022. While last month’s gain lags the…»

Tempe officials have unanimously greenlit a plan to build a 15-story apartment building that will create about 300 new housing units less than a quarter mile from Arizona State University’s Tempe campus. The upcoming complex doesn’t have an official name yet, but it…»

After 18 months of construction, Phoenix-Mesa Gateway Airport’s terminal expansion project is complete in time for the spring travel season. Officials and dignitaries – including White House advisor Tom Perez, members of Congress and East Valley mayors — participated in a…»