Commercial Real Estate & Business News – July 30, 2024

At first glance, the second quarter saw little change to recent U.S. industrial market conditions, which have been gradually shifting more in tenants’ favor since the beginning of last year as available industrial space accumulated in ever-greater amounts. Just over 100 million square feet worth of new industrial developments…»

After delivering over 10 million square feet of industrial product last quarter, Phoenix continues to be a hotspot for industrial development and currently ranks first in the U.S. for active projects with 37 million square feet currently underway, as highlighted in LGE Design Build’s Q3 Construction Delivery…»

A developer with apartment projects around the Valley bought land at the redeveloped Paradise Valley Mall, now called PV, and plans to build a luxury apartment complex. Transwestern Development Company paid $20 million for about 4.5 acres of land at the former mall site, according to real…»

Amkor Technology, which earlier this year announced a major expansion in Peoria, has qualified for up to $600 million in preliminary federal funding to complete the project and operate it. The U.S. Department of Commerce said the Chandler-based semiconductor-services company has received tentative…»

PHOENIX — Surprise, Gilbert, Scottsdale, Chandler, Peoria and Mesa all ranked in the top 20 of WalletHub’s “Best Cities for First-Time Home Buyers (2024)” study released this month. WalletHub rated 300 cities of various sizes and compared them using 22 different factors, including market attractiveness…»