Commercial Real Estate & Business News – April 5, 2024

Consumers Continue To Carry the Economy

Economic growth in the first quarter of 2024 appears to be on a rosy trajectory. Multiple reports show that consumers continue to carry the economy by spending freely despite still-elevated inflation and debt levels ticking higher. Growth in the 2% to 2.5% range for the...»

Why It’s So Expensive to Live in Phoenix

In the five years since they began their life together in the desert sprawl of greater Phoenix, Devon Lawrence and Eren Mendoza have bounced from one itinerant home to another. They have camped alongside a freeway off-ramp, using a gas station sink as their bath and a…»

Whole Foods, Dick’s Sporting Goods Linked to Proposed Gilbert Development

A major commercial project in Gilbert has gone up for its first review. During a study session on April 3, the Gilbert Planning Commission heard a presentation for Signature at San Tan Village, which is a proposed 11-building project that would total 326,731 square feet of retail…»

Construction Begins on Camelback 303 Logistics Center

Phoenix-based Stevens-Leinweber Construction (SLC), has started construction on Camelback 303 Logistics Center on behalf of Brookfield Properties, a global developer and operator of high-quality real estate. The LEED-certified, two-building industrial development totaling…»

Early Look at 300K SF Gilbert Retail Development

A mixed-use project featuring some of the country’s more prominent retailers is progressing through the Gilbert planning process. It has already gone up for its first review. Signature at San Tan Village is a proposed 11-building project that would total 326,731 square feet of retail…»