Commercial Real Estate & Business News – March 22, 2023

With a special election looming to create an Arizona Coyotes arena and entertainment district in Tempe, a grassroots group is amping up its opposition to a more than $2 billion development deal with the NHL team’s owner. In an at-times…»

Scottsdale-based developer Empire Group has finally landed some new commercial users for the remaining portion of a large site near Glendale’s sports and entertainment district. After years of marketing the 66-acre property — west of the…»

Metro Phoenix is a bona fide semiconductor hotspot, with two of the biggest expansion projects anywhere in the country for manufacturing the tiny brains that power and control almost anything that runs on electricity. The headlines are dominated by...»

PHOENIX — Home builder Brookfield Residential announced last week the opening of two neighborhoods in Avondale at the master-planned community of Alamar. The 1,150-acre community is debuting the…»

Ahead of a March 22 meeting of the Federal Reserve, the U.S. experienced its second- and third-largest bank failures in history, with the collapse of Silicon Valley Bank and New York-based Signature Bank, respectively. Despite being…»