Commercial Real Estate & Business News – April 12, 2024

New Road Extension to Connect Goodyear Civic Center & Retail Hub; Plus 8 More Deals to Know

Red Development and Globe Corp. recently broke ground on a major road connecting Goodyear’s new Civic Square and public park to the municipality’s future downtown. The road, named Goodyear Way, will connect to the 150-acre mixed-use development featuring new shops...»

Walmart, Hyundai Dealership & More Slated for 200 Acres in Southeast Mesa

Signal Butte Road in southeast Mesa is about to become a hub for car dealerships, retail shops and the home of a Walmart if the City Council gives the go-ahead. The Berge Auto Group and Horne Auto Group both have large projects slated along in southeast Mesa near State Route…»

New-Home Sales Soar Past Re-Sales in Valley

One of the leading analysts of the Valley’s housing market said recently that homesellers’ position is improving but it also indicated they may be facing strong headwinds throughout the year from homebuilders and new home sales. “The change is minimal but it is the first time…»

New Arizona Program Will Provide Up to $30,000 For First-Time Homeowners

A new $13 million state program to help middle-income Arizona families purchase homes kicked off Thursday. Why it matters: Arizona — and especially metro Phoenix — has a severe housing shortage that has driven up home prices to unattainable levels for many. A 2023…»

Arizona Asian Grocery Chain Acquired by California Company

Lee Lee International Supermarkets, a three-store Asian-focused international grocery store chain with locations in Peoria, Chandler and Tucson, has been acquired by a Southern California-based specialty grocery retailer. Maison Solutions Inc. (Nasdaq: MSS), which owns…»