Commercial Real Estate & Business News – July 7, 2023

A new mixed-use project with housing, an inpatient rehabilitation hospital and commercial is planned for a 45-acre infill property along Interstate 10. The project, called The District at Crystal Springs, will be developed at the southwest corner of McDowell Road and Avondale Boulevard…»

Blandford Homes won the bid on a 115-acre prime piece of state-owned land in Mesa, paying $37.85 million. The parcel near Hawes and Warner roads is part of the 1,200-acre Hawes Crossing community. Blandford plans to build 450 to 525 houses on the site, with model homes opening in…»

About 5 million people have moved to Phoenix since 2000, per a new analysis from Axios’ Kavya Beheraj and Alex Fitzpatrick. Details: Though the majority of them have been white, the city has become increasingly diverse. For example, the Valley saw a 95% increase in Hispanic residents from 2000 to…»

A chipmaker will send temporary workers to Phoenix to help build a massive factory while the state and city pledge to extend a major road near the site. Taiwan Semiconductor Manufacturing Company, known as TSMC, plans to send hundreds of temporary workers to Arizona to speed up construction…»

It’s no secret that metro Phoenix is ground zero for the popular build-to-rent sector that features detached, single-story rental homes that are part of communities with amenities. Now, local developers are adding sustainability to the mix to make those BTR projects more attractive to renters, by…»