Commercial Real Estate & Business News – August 21, 2024

A growing Texas entertainment concept is stepping up to the plate near Scottsdale. Austin-based Home Run Dugout, which offers soft-toss baseball batting cages, is opening its first location outside Texas near Loop 101 and Talking Stick Way on Salt River Pima Maricopa Indian Community land. It will start construction…»

The Phoenix region is in the throes of a monumental run of business expansions and economic development announcements.This year alone, Taiwan Semiconductor Manufacturing Co. upped its investment in Phoenix from $40 billion to $65 billion, the largest foreign direct investment in Arizona’s…»

From Florida to Texas to Arizona, some homebuilders are betting that the long-term lure of the Sun Belt can overcome even elevated mortgage rates and new concerns of a recession. With its warm climates, robust job growth and in some cases favorable tax laws, the Sun Belt traditionally has been a destination…»

A national developer of multifamily projects last month paid just over $10 million for nearly 7.7 acres near downtown Chandler that will be home to a 252-unit apartment complex. The Garrett Companies, which has offices in several midwestern states and Colorado, bought the land near the northeast corner of…»

Metro Phoenix is an apartment construction powerhouse in 2024 (4th busiest builder in the U.S.), set to complete 20,141 apartments by the end of the year, outranked only by New York, Dallas and Austin. What’s more, metro Phoenix is gearing up for a veritable building boom…»