New Rivian facility pitched for Mack Innovation Park in Scottsdale
Electric vehicle maker Rivian wants to open a new repair shop in Scottsdale. Land use attorneys for Mack Innovation Park will submit a rezoning application to the city within two to three weeks to allow for a service and delivery facility in the complex, said George A. Pasquel III, planning consultant with Withey Morris Baugh PLC. Pasquell said Rivian customers would be able tune up their vehicles, check out new offerings and, after ordering online or at a showroom, pick up their new vehicles at the location. It wouldn’t be like traditional auto…»
Bank Loan Modifications Surge as CRE Pressures Mount
U.S. banks are modifying commercial real estate loans at a surging pace, a trend that highlights the financial strain affecting the sector. By the end of June 2025, the total value of CRE loan modifications had climbed 66% over the past four quarters, according to an analysis by the Federal Reserve Bank of St. Louis. Banks are required under accounting standards to disclose loans that have been altered due to financial difficulty—whether through principal forgiveness, interest rate reductions, delayed payments, extended terms or…»
Dearth of official economic data during the shutdown leads to alternative sources
The federal government shutdown has delayed the release of key data reports on the labor market. That has left analysts, economists and, perhaps most important, the Federal Reserve more reliant on private-sector releases to gauge the health of hiring and its relative balance with inflation. Though private-sector sources vary, they converge on a picture of a slowing labor market and a tight hiring environment for new workers, confirming the last official government releases. For example, the Bureau of Labor Statistics…»
Creation fuels Glendale industrial growth with Harbor Park groundbreaking
Creation, a growth-driven Phoenix real estate developer with a nationwide footprint, in partnership with QuarterMoore, has officially broken ground on Harbor Park, a two-building industrial complex on 9.69 acres in Glendale that is already 67% preleased to PODS Phoenix, a local franchise division of PODS Moving & Storage. Located on Glen Harbor Boulevard in the Glen Harbor industrial submarket, Harbor Park will feature two single-story industrial buildings totaling approximately 163,364 square feet. One building is being constructed…»
What is being built near Loop 101 and 57th Avenue near Midwestern University?
Location: 57th Avenue and Loop 101 in Glendale. Description: Midwestern University is underway on a major expansion that includes about $270 million in new projects in various stages of planning and construction, including new apartments for student housing on the northern part of its Glendale campus. Midwestern University has a 156-acre campus in Glendale, focusing on graduate programs in medical fields and health sciences. It has about 3,800 students enrolled at the Glendale campus History: The university announced…»