Commercial Real Estate & Business News – June 25, 2024

Are Private Companies Getting Sweetheart Deals on Arizona Trust Land? 80% of Auctions Won by a Single Bidder

Arizona’s State Land Department has come into the spotlight after officials canceled a planned auction for about 100 acres of prime real estate in north Phoenix that the Arizona Coyotes had wanted for a new arena. The State Land Department’s decision to first require…>

Arizona Coyotes Land Auction Canceled

A highly anticipated state land auction has been canceled — throwing into question the future of professional ice hockey in the Valley. The land Alex Meruelo, the owner of the Arizona Coyotes, wanted to buy to build a new arena for the team is no longer for sale, according to a Friday announcement from the…»

Arizona Wins 4th Consecutive Gold Shovel Award for Economic Development

PHOENIX — Arizona was named a recipient of a Gold Shovel award by Area Development magazine, the state’s fourth consecutive gold shovel. Now in its 19th year, Area Development’s Shovel Awards honor states for job creation, economic growth,…»

Phoenix Takes Steps to Streamline Building Permit Approvals. Here’s How

Getting a building permit in Phoenix could get easier, according to the Phoenix Planning and Development Department, which proposed new methods for streamlining approvals. The city plans to target seven areas to better serve the community and…»

An Analysis of the 25 Largest Cities in Maricopa County

When looking at the 25 largest cities in Maricopa County, the City of Phoenix has more than three times as many residents as the next largest city in Maricopa County. The U.S. population was 331.1 million, according to the U.S. Census Bureau’s American…»