Commercial Real Estate & Business News – March 12, 2025

A proposal to bring 1,000 residential units and up to 50,000 square feet of retail to city-owned land in downtown Mesa will likely get the council’s green light. The 25-acre site on the southwest corner of Mesa and University drives has sat dormant for decades after numerous failed…»

Location: Lindsay Road and Lexington Street in Gilbert Description: A five-story apartment complex with 352 units is under construction along Lindsay Road and Lexington Street in central west Gilbert, just north of the Loop 202. The project, dubbed Stillwater Atwood at Rivulon, is part…»

What does $165 billion look like? It only takes a few minutes of driving west on Loop 303 from I-17 to get a glimpse. Emerging from the desert of North Phoenix, TSMC Arizona is already a colossal sight from the freeway, even at this early stage. The first fab, now producing chips…»

Arizona State University has revealed the location of its ASU Health headquarters, which includes its new medical school and other health colleges. Plans call for building a 200,000-square-foot structure on a campus in the heart of the Phoenix Bioscience Core campus in downtown…»

Phoenix leaders recently voted to include a stretch of Seventh Avenue into the downtown core. The move paves the way for taller buildings and more density. “Seventh Avenue is a gateway to our downtown, as are the streets in this area,” said Mayor Kate Gallego. “This is a chance to do some pretty…»