Commercial Real Estate & Business News – June 27, 2022

Commercial real estate continues to provide a solid hedge against inflation, a trend that has been borne out over multiple decades during periods when inflation has exceeded 4%, says Carly Tripp, global chief investment officer and…»

LPC Desert West, the Southwest division of Lincoln Property Co., has acquired a 77-acre site for I-10 International, a 1 million-square-foot industrial development in Tucson, Ariz. Diamond Ventures sold…»

A New York-based developer is proposing building more than 2 million square feet of new manufacturing and warehouse space in the West Valley. Before it can be developed, though, the city of Glendale is being…»

Intel’s two semiconductor plants under construction at its Ocotillo campus in Chandler, Ariz.—and expected to come on line in 2024—are intended to help relieve the U.S. shortage of microchips. The $20-billion project is…»

The residential rent hikes in Phoenix can be hard to fathom. The more than 27 percent rate of rent growth over that last year is so high, the number seems like it must be a typo. Investors in Phoenix are…»