Commercial Real Estate & Business News – July 12, 2023

Google is moving dirt on its $1 billion data center campus in southeast Mesa. The project, which was often referred to by its codename “Redhawk,” is being built on more than 185 acres near the northwest corner of Sossaman and Elliot roads. Google said construction on the site started on Monday. It did not…»

As a technique, adaptive reuse is practical. It prevents waste from demolishing an entire structure and can give new life to a perfectly good preexisting building that provides function and, oftentimes, historical significance, particularly when it comes to adaptive…»

Apartment demand is rebounding in 2023 Q2 as rent growth cools “rapidly,” according to a report by RealPage. “Net absorption came in just shy of surging new supply levels in 2nd quarter 2023, stabilizing occupancy rates after a precipitous decline in 2022,” the firm said. Which makes…»

A developer is making big plans to set up a long-vacant property known as King Ranch in Goodyear for future development. The 1,861-acre site is located just south of the Gila River and just across from the Golf Club at Estrella and the Sierra Estrella Mountains. On July 10…»

​A goal to develop a piece of city-owned land near Park Central Mall is the latest step in Phoenix’s plan to grow and preserve affordable housing in the city. The city is preparing to seek proposals to build a mixed-income housing development on the 3.2-acre site near…»