3 new East Valley projects under construction to watch. What to know
A BMX track, luxury apartments and an industrial complex are all under construction in the East Valley. Mesa is building a BMX track at its Signal Butte Park in the eastern part of the city. Hundreds of new luxury apartments are going up in Scottsdale’s historic Old Town district. A two-building Class A industrial complex is under construction, streets away from Interstate 10 and Loop 202. Here’s what is under construction in metro Phoenix and when each project…»
Desert Ridge a hot spot for state land auctions, with more on the way
The Desert Ridge area north of Paradise Valley has turned into a hot spot for developers wanting to scoop up prime state-owned land in recent years. One of the highest-priced state land auctions last year happened when Mortenson outbid Verde Investments for over 200 acres in the area, spending $136 million for a site now planned to become a new Arizona Cardinals training campus. And major national homebuilders turned out to bid on about 53 acres of residential land by the…»
How SR 30 freeway is fueling West Valley growth
State Route 30, the Tres Rios Freeway, is poised to play a pivotal role in the West Valley’s growth, influencing transportation efficiency, development patterns, and long-term economic competitiveness across the Buckeye-Phoenix corridor. SR 30 will be parallel to I-10 about 5 miles to the south. “There’s going to be a tremendous number of additional vehicles from just the population growth we’re seeing all over the West Valley, but specifically in Buckeye,” says Buckeye Mayor…»
Big Boxes Regain Ground in Warehouse Leasing
Demand is increasingly shifting toward inland and lower-cost markets. After slowing down in 2023 and 2024, leasing demand for warehouses of 500,000 square feet or larger bounced back sharply in 2025, most notably in the second half, according to new research from Cushman & Wakefield. Their Large-Format Deals Return report found that those larger deals surged by 32 percent year-over-year, and that third-party logistics providers (3PLs) and manufacturers accounted for almost…»
With Power Demand ‘Far Exceeding’ Capacity, What’s The Next Move For Data Centers?
It’s estimated that $7T will be invested worldwide into data center infrastructure over the next four years — with more than 40% of that in the United States alone. Propelled by the advancement of artificial intelligence, commercial real estate’s hottest sector is poised for an era of explosive growth. But to grow and expand at this pace, it’s crucial for owners, developers and end users alike to think about their power usage and storage needs. By the end of 2024, data centers in the U.S.…»