Commercial Real Estate & Business News – October 22, 2024

Seattle-based Amazon.com Inc. (Nasdaq: AMZN) has bought a 220-acre site in Laveen for a potential data center campus in Phoenix. Amazon acquired the site for $277 million in cash through its subsidiary Amazon Data Services, according to land records and Tempe…»

Metro Phoenix’s growth has shifted to the west and will be heading that way for decades. The West Valley is dominating the home building market and land sales. Apartment, retail and industrial development are taking off in the area, too. New homes are going up or are…»

Scottsdale-based Aread Inc. has closed on hundreds of lots with homebuilders at its Skyline Village master-planned community in Pinal County, south of Phoenix, with more closings in escrow. The 300-acre development in San Tan Valley on the southwest corner of Skyline Drive and Quail Run is…»

Glendale had a chip on its shoulder for decades. It was older than the fancier new burbs taking shape in the East Valley, smaller than neighboring Phoenix and lacking the excitement of tourist destination Scottsdale. Why it matters: That chip fueled impatience in city leaders, who took a series of big…»

For decades, Phoenix has been the poster child of housing growth in Arizona. Now it’s the suburbs and exurbs’ time to shine as people increasingly turn to less dense, more affordable communities. But what are the fastest-growing housing markets in Arizona? Our recent study of housing…»