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Commercial Real Estate & Business News – June 9, 2022

Here’s Why Metro Phoenix Has Become THE Data Center Destination

One of the lasting effects of the pandemic has been the acceleration of technological adoption. What once was a benefit only available to a few positions, platforms such as Zoom and Teams have shown that…»

Massive Battery Facility Set for Buckeye to Double in Size, Will Break Ground This Year

 

Shortly after closing on 214 acres in Buckeye, Coeur d’Alene, Idaho-based KORE Power has unveiled plans to double the size of its factory and significantly increase its investment in the plant. The facility will now total 2 million square feet and cost…»

Bank Economists Say U.S. Heading Toward ‘Soft Landing,’ May Avoid Recession With Inflation Easing

A new forecast from bank economists predicts that the U.S. will avoid a recession over the next two and a half years even as economic growth slows and inflation eases, with the Federal Reserve successfully maneuvering toward a…»

2 Valley Projects Among Largest Deals in US Last Year, Magazine Finds

PHOENIX — Business in Arizona is booming as the state had two of the top 20 largest deals in the country last year, according to Site Selection Magazine.Ranking No. 5 on the list is Intel’s $20 billion chips plant in Chandler, while…»

Phoenix Will Ask Voters to Approve $500M in New Bonds

Phoenix leaders are laying the groundwork for an election next year when voters will be asked to approve $500 million in new bonds. The bonds would be paid for the same way old bonds have been paid — using revenue from the…»