Commercial Real Estate & Business News – September 12, 2024

Multibillion-dollar semiconductor project proposed in Peoria

Another multibillion-dollar semiconductor manufacturing plant is being proposed in Arizona. Phoenix-based Hyperion Technologies Inc., a newly formed company, is planning to establish a West Valley manufacturing plant for high-density interconnect substrates, which support the functionality of…»

Inflation Comes in Under Expectations at 2.5%

The Consumer Price Index increased month over month in August by 0.2% on a seasonally adjusted basis, meeting the median forecast collected by Dow Jones. However, non-seasonally adjusted year-over-year inflation was 2.5% rather than the expected 2.6% — a positive surprise. The Bureau…»

Graycor completes phase one of industrial construction project in Waddell, Arizona

Graycor Construction has completed construction on phase one of the Virgin Industrial Park development east of Loop 303 in Waddell, Arizona. The project is located at 15748 W. Hatcher Road in the Glendale area at the corner of Olive Avenue and Reems Road. Phase one features three…»

Lincoln breaks ground on massive I-10 International in Tucson

Full-service commercial real estate firm Lincoln Property Company (Lincoln) joined today with project partners and local dignitaries to break ground on Phase I of I-10 International, a Class A industrial project that, upon completion, will total more than…»

Pure Pickleball & Padel beefs up plans for flagship location near Scottsdale

Plans for a signature pickleball venue in the Valley have turned grandiose Pure Pickleball & Padel, formerly known as Pure Pickleball, has bolstered its ambitions for a flagship 186,000-square-foot facility near Scottsdale. Plans for the size of the proposed facility have nearly doubled from…»