Commercial Real Estate & Business News – August 31, 2022

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 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 have long acted as a gleaming symbol of American retail.,” location analytics firm Placer.ai 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…»

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…»

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…»