Commercial Real Estate & Business News 6-16-2025

When Mat Sherman, an Arizona State University graduate, was launching his first company, PubLoft, about a decade ago, he quickly learned there wasn’t much of a network for venture capital in Phoenix. And that was a long-standing problem here. It mattered because such seed money is a measure of a region’s economic vitality. He ended up getting funding from an investor in the Bay Area, a common path for startup founders. Now, he works as…»

Phoenix suburbs are quietly undergoing a change as thousands of new renter households have moved in over just five years — signaling that the traditional city-suburb divide is starting to blur. The latest Point2Homes analysis of U.S. Census data reveals how rising housing costs and shifting lifestyle preferences are driving renter growth deep into suburban areas, even in metros like Phoenix that haven’t yet seen a renter-majority flip…»

Lunar space station testing in Gilbert. Air taxi development in Phoenix. Billion-dollar missile manufacturing in Tucson. These Arizona-based endeavors — being shepherded by Northrop Grumman, Honeywell Aerospace Technologies and Raytheon, respectively — reside on the bleeding edge of a defense and aerospace boom that already employs thousands in the Grand Canyon State. These futuristic initiatives are inching closer…»

Northwest Phoenix, a once-vast expanse of desert scrub, has transformed into a hub of industrial development and employment growth in the city, making it the world’s next high-tech mecca. Huge companies, capitalizing on available land and a pro-business civic outlook, are building a giant new complex that produces the microscopic devices that power almost all modern electric products. The area boasts more industrial space under construction than…»

General Motors is moving some of its production from Mexico to the U.S. in the months after President Donald Trump’s tariff on vehicles manufactured abroad. The $4 billion investment over the next two years will boost domestic manufacturing, according to the company. That investment includes adding production lines currently based in Mexico to plants in the U.S. Trump’s 25% tariff on foreign-made cars threatens to hurt…»