Commercial Real Estate & Business News – August 31, 2022

Arizona Posts Huge Job Gains in July

Arizona added 22,900 jobs over the month in July, while the unemployment rate was steady at 3.3%. Arizona added 22,900 jobs over the month in July, up from a revised 11,600 the prior month. The initial June estimate suggested the state added…»

New York Developer Starts Construction on Massive Industrial Park Near TSMC Plant in North Phoenix


New York City-based Mack Real Estate Group recently started construction on the first seven buildings of a 3 million-square-foot industrial park near the Taiwan Semiconductor Manufacturing Co. plant in Phoenix. Called Mack Innovation Park Deer Valley, the…»

Malls Turn to Innovation to Stay Competitive

“Malls have long acted as a gleaming symbol of American retail.,” location analytics firm notes in a new white paper. Following the opening of the first indoor mall in 1956, malls continued to open at a rapid rate—maybe too rapidly. The U.S. now has about…»

Developer Looks to Spur Mixed-Use Projects Across Hundreds of Acres in Casa Grande

Tempe-based ABLA is looking to spur a mix of uses across nearly 600 acres in Casa Grande, a fast-growing city located about an hour south of Phoenix. The massive parcel is located adjacent to Interstate 10 and the existing Promenade at Casa Grande shopping center, a…»

Here’s a Look at Critical Trends Impacting Phoenix Construction Delivery

LGE Design Build, one of the Southwest’s leading design-build construction firms, released today its third quarter Construction Delivery Outlook report that analyzes trends and data to create Phoenix construction trends and forecasts that are expected to shape and influence the industry into 2023. The report examines…»