Commercial Real Estate & Business News – April 10, 2024

Strengthening job growth data from Q4 2023, shifts in GDP forecasts and retail sales, and the imminent action of the Federal Reserve has RealPage updating its effective rent growth forecasts for major markets, including 12% of the top 50 to rise by 3% or higher this year. Most…»

Rockpoint, a Boston-based real estate private equity firm, and Highgate, a leading hotel management, investment and development company, today announced the sale of the Scottsdale Plaza Resort and Villas (the “Hotel”), a historic hotel in the heart of Paradise Valley, Arizona…»

Google is launching its first physical presence in the Valley by building a $600 million data center in Mesa. On Wednesday, the tech giant announced that it’ll bring technical infrastructure to help support the company’s efforts in artificial intelligence and cloud business…»

Retail giant Amazon has moved forward with its third major industrial deal in metro Phoenix this year. Amazon.com Inc. has fully leased a 1.2 million-square-foot warehouse in Goodyear called Prologis 303 Business Park, according to multiple sources with knowledge of the deal…»

The U.S. Department of Commerce announced a $6.6 billion grant for Taiwan Semiconductor Manufacturing Co., which will use that money and its own funds to build a third fab or factory in north Phoenix, featuring the world’s most advanced chipmaking technology. Here is…»