Commercial Real Estate & Business News – February 22, 2021

A new report released by the Arizona Office of Economic Opportunity is projecting strong job growth in the state over the next two years, with the largest gains in Arizona jobs happening in sectors hit hardest by the pandemic. “Arizona is a place where opportunities are plentiful and jobs are growing…»
Developer Trammell Crow Co. commenced construction on a new business park called Akimel Gateway along the recently constructed extension of the Loop 202 Freeway on the Gila River Indian Community south of Phoenix. Trammell Crow and joint venture partner Allstate Insurance started four…»
Developer P.B. Bell Companies has opened Grayson Place, a 296-unit luxury apartment property in the fast-growing outer Phoenix suburb of Goodyear, Arizona. The $55 million apartment development at 1499 N. 159th Ave. includes upscale perks such as remote door locks and other smart technology, private…»
TEMPE, AZ — Tempe is adding 17 acres to its boundaries, clearing a path for improvements and a new mixed-use development, the city said. In a news release, the city of Tempe announced it was annexing a portion of the north Tempe county island. The move is the first time the city has added to its…»
DR Horton bought 33.75 acres of land in Maricopa for $12,834,000, , according to the commercial real estate tracking website Vizzda. The seller was Harvard Investments. The land is located near the northeast corner of John Wayne Parkway and Smith Enke Road in Maricopa. The land is part of the Lakes…»