Commercial Real Estate & Business News – February 27, 2023

Arizona 2022-2024 Projected Employment Report Total Employment Projected to Grow 1.4% Annually, Led by Manufacturing


How Arizona Is Positioning Itself for $52 Billion to the Chips Industry

WASHINGTON — In recent weeks, Gina Raimondo, the commerce secretary, has talked with Sen. Mark Kelly of Arizona, spent time with the president of Arizona State University and appeared at a conference with the mayor of Phoenix. Their discussions centered on…»

More Buildings Planned for Large Mesa Industrial Park

A master developer of Phoenix-Mesa Gateway Airport land moved forward on a new industrial park. That developer, SkyBridge Arizona, broke ground on the first of two new buildings on Feb. 21, which will become a 250,000-square-foot class…»

The Western Drought Is A National Crisis. Will It Throw Cold Water On Some Of CRE’s Hottest Markets?

A crucial water source in the American West, the Colorado River, is drying up at a startling rate. The Biden administration has committed an unprecedented $728M to the problem, and the seven states that rely on the river’s supply have been…»

Matt’s Big Breakfast, Others Set Opening Dates at Gilbert’s Agritopia; More Real Estate Deals to Know

Several retail and restaurant tenants at Epicenter, a much-anticipated mixed-use community and retail destination in Gilbert’s Agritopia development, are set to open in the next month. Matt’s Big Breakfast, the popular Phoenix breakfast spot, has…»