Commercial Real Estate & Business News – May 10, 2023

Arizona County Leads the Nation in Population Growth for Third Straight Year

Arizona’s healthy demographic tailwinds remained in full force in 2022, with Maricopa County leading the United States in absolute population growth for the third straight year, according to the latest data from the U.S. Census Bureau. The county, which makes up the majority of the Phoenix…»

Developer Wants to Create ‘One-of-a-kind Experience’ in Hayden Flour Mill Redevelopment

Lorenzo Perez expects to spend the next few months in due diligence on the transformation of a historic site in Tempe. He’s hopeful that by the end of the year or early next year construction will start moving forward. Perez, the co-founder and managing partner of Venue Projects is partnering…»

High-end Apartments Underway in N. Scottsdale

A project 20 years in the making is coming to fruition in a city swirling-with-developments area near Hayden Road and the Loop 101. Like the Axon planned expansion and Mack industrial park, this one involved an auction of state land – but plans are for residences, rather than industrial…»

Sam Fox Unveils Culinary Lineup for Global Ambassador Luxury Hotel

Much anticipation has surrounded details of the culinary offerings at acclaimed restaurateur and hospitality innovator Sam Fox’s soon-to-open luxury hotel, The Global Ambassador, and today new details are being revealed about all five original restaurants that Sam Fox will open…»

$150 Million for Housing, Half a Billion for Education in Budget Proposal

A new budget proposal emerged today that delivers a child tax rebate, major spending on housing and education, and a reshuffling of money destined for water projects. The $17.8-billion proposal would balance total spending with estimated revenue for fiscal year 2024, while allocating…»