Commercial Real Estate & Business News – July 27, 2021

The pandemic’s impact on the Greater Phoenix office market appears to have passed its peak with the market stabilizing in second quarter, according to a report from Colliers. Sublease space additions to inventory have slowed and the market returned to positive net absorption following two quarters of negative activity, according to…»

Chase is concluding a move of workers to two locations in Tempe, ending a nearly half-century presence in downtown Phoenix as a major employment hub for the bank and its predecessor companies. Chase gradually has been exiting the tower and moving staff to the Discovery Business Campus in Tempe, along with a…»

The West Valley is a booming community with 1.7 million residents strong and an expected population of 2.1 million by 2030. With big name companies like the Taiwan Semiconductor Manufacturing Company (TSMC) making investments in the region, the West Valley is shedding old perceptions and becoming a…»

Lincoln Ventures bought a .63-acre parcel of land in Downtown Phoenix for $5,380,000, according to the commercial real estate tracking website Vizzda. The sellers were Wayne Rainey and Jason Merck. The land is located at the southeast corner of Third and Garfield streets in Phoenix. The land purchased by…»

Tempe wants to transform a strip of land near the Salt River into a year-round entertainment destination. The city put out a call to developers Thursday seeking proposals for a sports and entertainment district on city-owned land that would be home to a professional sports franchise. The move comes as...»