Commercial Real Estate & Business News – February 7, 2023

Phoenix is moving forward with a request for proposals for a city-owned, vacant lot on the south side of the city that has a long history. The economic development and equity subcommittee approved on Jan. 25 a motion that will allow the city to issue a…»

(Bloomberg Opinion) — Walmart Inc. inched closer to a $15 minimum wage last month, drawing tepid praise from even some of its strongest critics. The largest US employer joined Macy’s Inc., CVS Health Corp. and Target Corp., all of which have…»

Moon Valley Nursery last week cut the ribbon on its new 25,000-square-foot corporate office in Scottsdale Airpark. Its new office, located off loop 101 and Pima Road in the Pima Northgate office building, will comfortably house members of its…»

Sub-Zero Group plans to open a second plant in Phoenix’s Goodyear suburb as the kitchen appliance company expands its manufacturing footprint across the United States. Developers ViaWest Group and Scottsdale Investment Management broke ground this month on…»

A developer is seeking an indefinite extension for a 224-acre mixed-use business and retail center that’s slated for the former Phoenix Trotting Park property along Interstate 10 and the Loop 303 in Goodyear. The project, called the Innovation Centre, will…»