Commercial Real Estate & Business News 4-25-2025

As goes TSMC, so goes Phoenix’s industrial real estate market. Suppliers continue to gravitate to the Valley, angling to position themselves in the orbit of TSMC’s ever-growing, $165 billion campus in North Phoenix. And while more industrial supply is set to come online in north Phoenix in the years to come — the $7 billion…»

On April 23, RED Development unveiled the latest lineup of tenants joining PV, the $2 billion transformation of the former Paradise Valley Mall, with six new additions, including a celebrity chef restaurant, first-to-market concepts and standout regional favorites. PV will mark the first expansion for Cala, a concept created by…»

Arizona outpaced the nation in bioscience industry job gains and research funding, but challenges remain for medical device commercialization and venture capital deal activity, according to a new Flinn Foundation report. Arizona recorded an 8.1% increase in bioscience industry job growth from 2020 to 2023, outpacing…»

A new mixed-use project in Glendale passed its first hurdle with City Council Tuesday. Council approved the rezoning of a 39-acre site just across the I-10 from State Farm Stadium for a project dubbed “Envision Encore,” which is set to include high-density multifamily housing, commercial uses and potentially hotels. The…»

With complex geopolitical and economic currents reshaping world trade, the North American industrial real estate market stands at a critical juncture this year. A gradual shift away from goods manufactured in China since 2020 has diversified the continent’s industrial base through expanded domestic manufacturing and…»