Commercial Real Estate & Business News – May 20, 2024

In the heart of Phoenix, a wave of redevelopment has swept through downtown marking an evolution in its urban landscape. Spearheading this resurgence are three distinct trends: the burgeoning bioscience core, the adaptive reuse of historical buildings and the flourishing…»

As competition heats up for a 2,300-acre state land auction surrounding the Taiwan Semiconductor Manufacturing Co. plant in north Phoenix, homebuilders have big plans to meet the demand of the 50,000 jobs that area is expected to create over time. Miami-based Lennar…»

A nearly 300-acre development in Laveen had been a symbol of neighborhood activism before it became a testament to compromise between the developer and nearby residents who opposed the plans. The Phoenix City Council agreed and unanimously approved it. The Gila…»

Rockefeller Group, the U.S. real estate developer, owner, and operator, announced today it has broken ground on Corsica Villas, two build-to-rent (BTR) communities totaling 152 townhomes in South Phoenix, the company’s first BTR communities in Arizona. Rockefeller…»

Plans for a new regional airport and employment center in Peoria could generate nearly 8,000 jobs and millions of dollars in revenue for the municipality, according to a study released this month. A new $150 million general aviation airport surrounded by an industrial corridor…»