Today’s News 8-26-2025

Millions of square feet of new commercial development could rise in north Phoenix. The city of Phoenix is pursuing a development agreement with Minnesota-based real estate developer Mortenson for a site of prime desert land formerly eyed by the Phoenix Coyotes for a proposed hockey arena. In June, Mortenson placed the winning bid in an Arizona State Trust land auction, paying $136 million for the 217.16-acre site located west of North…»

Buckeye is the latest fast-growing Valley city looking to ramp up employment opportunities closer to town, with plans for a major industrial employment corridor in the works. On Aug. 26 Buckeye City Council will discuss a request to annex over 1,900 acres of agricultural land near Verrado Way and MC85 to lay the framework to turn the area into an industrial hub housing advanced manufacturers, data centers, battery storage facilities and other similar users…»

Developers following population growth are building rentable houses in these areas. Once a niche segment of the housing market, build-to-rent developments of townhouses and single-family houses have rapidly gained traction across the United States, with the Sun Belt emerging as a clear epicenter of growth. Fueled by population growth and the availability of land in these areas, as well as the escalating cost of homeownership, demand for build-to-rent…»

The U.S. government has struck a deal with Intel Corp. to take a nearly 10% equity stake in the company, the White House and the California-based chipmaker announced Friday. Under terms of the deal, the U.S. government is agreeing to invest $8.9 billion for 433.3 million shares of Intel’s stock at $20.47 per share, equating to a 9.9% stake in the chipmaker, according to a company release. “As the only semiconductor company that does leading…»

Phoenix has seen labor growth expand so far in 2025, while job growth and housing permits face headwinds, according to an analysis from the Eller Business Research Center. Exhibit 1 presents current Phoenix-Mesa-Chandler MSA economic indicators. In June, the non-seasonally adjusted civilian labor force within the Phoenix-Mesa-Chandler MSA (Phoenix MSA) grew by a notable 1.8% compared to the previous year, reaching a total of 2.8 million individuals…»