Here’s why the Arizona economy is poised to accelerate
The Arizona economy continues to grind along at a slower-than-usual pace. Jobs are rising slowly, with reduced hiring and modestly elevated layoffs weighing on growth. Income is also slowly rising, reflecting the post-pandemic deceleration in employment costs, although taxable sales growth has rebounded. House price increases have slowed, but housing cost burdens remain elevated and housing permit activity is down so far this year. Stabilizing house prices have contributed significantly to reduced consumer price…»
Maricopa County approves rezoning for proposed $25B data center hub
An enormous data center hub planned just outside Buckeye got the go-ahead from the Maricopa County Board of Supervisors this week. The board unanimously voted in favor of a rezoning measure allowing industrial uses on a roughly 2,000-acre site during a Dec. 10 meeting, clearing the way for the project, which is being led by Arizona Land Consulting. The firm’s CEO, Anita Verma-Lallian, has teamed up with prominent investors such as former Facebook executive and venture capitalist Chamath Palihapitiya to form an…»
New Industrial Park Coming To Phoenix Metro Area
The park’s three industrial buildings will total some 471K SF of space designed to “meet the needs of modern logistics, distribution, and light manufacturing users,” according to the release. The site sits at the center of the 101 Corridor, at the southwest corner of North 99th Avenue and West Montebello Avenue, with direct access to Loop 101. Construction is set to begin in Q3 2026. In the release, Provident’s Steven Nemer said the $80M project brings its Phoenix pipeline to almost 1M SF. In October, Provident delivered a…»
3 West Valley projects to add services for cars, health and money
Three projects that will provide different types of services to residents in the West Valley are being developed, most of which are expected to be completed in 2026. A major car dealer is expanding its auto service center off the Interstate 10 in Avondale to boost efficiency and the number of people it can serve. Medical offices are being built to meet the needs of the growing population in north Peoria. Glendale is getting a new credit union branch, as part of the company’s plan to expand across the state. Here’s what West…»
Homebuilders buy 600 lots on land that once was a dairy farm in Mesa
Two giant homebuilders have closed on 601 lots at Hawes Crossing, a master-planned community in Mesa that once served as dairy farm land. Miami-based Lennar Corp. (NYSE: LEN) and Los Angeles-based KB Home (NYSE: KBH) paid roughly $40 million for 601 lots at Hawes Crossing. KB’s transaction closed Dec. 11 and Lennar’s transaction closed on Dec. 5. While this acquisition adds to 561 lots Lennar had already purchased over the past few years, this will be KB Home’s debut at Hawes Crossing, with 259 lots at the southwest…»