Commercial Real Estate & Business News – July 14, 2022

Valley Investment Firm Plans Arizona’s First Cricket Stadium In The West Valley

The Phoenix metro could soon be home to the one of the largest cricket stadiums in the country as the sport continues rising in popularity across the U.S.Glendale-based Mangat Group, a real estate investment and development company, plans to…»

391 Acres of Land in Glendale Sells for $255.3 Million


About 391 acres of land in the City of Glendale has been sold for $255.3 million, according to Vizzda. The buyer was QTS Datacenters and the seller was First Industrial Realty Trust. The buyers plan to use the land to…»

Amazon, Moov to Have Offices Ready at New Tempe High-Rise Early Next Year

One of Tempe’s newer office towers is getting close to a full mix of tenants leased and in operation.100 Mill — a project developed by Hines and Cousins Properties — will have its largest tenant in Inc. operating on floors…»

Japan-Based Bowling and Entertainment Concept Coming to Glendale Mall

Arrowhead Towne Center, a large indoor mall in Glendale, will soon be home to the Valley’s first Round1 Bowling & Amusement location. Macerich Co. (NYSE: MAC), the owner of Arrowhead Towne Center and other major shopping destinations in…»

Flight To Quality Continues for Office Sector

Office sector leasing was flat in the second quarter, but the so-called flight to quality continued to gain speed, leading to what JLL has called a “widening divergence in absorption and rent growth based on building age and amenitization…»