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Commercial Real Estate & Business News – March 26, 2024

In Swing State Arizona, an $8.5 Billion CHIPS Grant Spells ‘Jobs’ More Than Geopolitics

In the booming Phoenix metro area, Washington policymakers’ rare bipartisan push to bolster national security in their high-tech arms race with China brings major enthusiasm for something more basic: jobs. A fresh influx of $8.5 billion in CHIPS and Science Act funding to help…»

Phoenix Leads All Markets for Industrial Development

Driven by a growing economy, an influx of residents from neighboring markets and the increasing requests of the e-commerce industry, Phoenix’s industrial market continues to thrive. Underneath, we’ve assembled CommercialEdge data for a rapid overview of the dynamic…»

Former Suns Owner Leading Development of New Office Building at The Grove

A new Class A building at one of the more sought-after mixed-use developments in the Valley has broken ground — and a familiar face is behind the project. The development company spearheading the project is 3Edgewood LLC, a local firm that’s led by former Phoenix Suns…»

Deer Valley Industrial Growth Surge Continues Near Airport

Remaining properties around the Phoenix Deer Valley Airport continue to be built out with more industrial buildings to meet the ongoing demand for space from semiconductor suppliers and other companies looking to expand in north Phoenix. The Deer Valley submarket has industrial…»

Mastercard’s Retail Projections for 2024

The retail industry is gearing up for a new year amidst shifting economic landscapes and evolving consumer behaviours. With the Mastercard Economics Institute predicting a return to a more ‘normal’ economic climate in 2024, retailers worldwide are preparing for changes in…»