Commercial Real Estate & Business News – May 12, 2023

Southern Arizona is establishing itself as a battery capital in the United States as battery manufacturing companies continue to select the region to be home to their operations. Through incentives, the City of Tucson is attracting manufactures that will boost economic…»

The Phoenix retail market is now the tightest it has ever been as booming population growth, a tempered construction pipeline and continued demand have contributed to an unprecedented shortage of available space. The availability rate in the Phoenix retail market compressed…»

A long-vacant property in Peoria, once called one of the West Valley’s biggest eyesores, could soon see redevelopment, if given final approval by the City Council. Overland Corp., a Utah-based developer, bought the 7.5-acre parcel near Grand and 85th avenues, which was the site of a Smitty’s…»

For decades, residents of south Phoenix and Phoenix city leaders have envisioned the land just south of the Rio Salado as a gateway to south Phoenix, where Black and Hispanic residents make up most of the population. A community plan approved by the Phoenix City Council in 2022 — funded…»

Located on the southeastern edge of the Valley, the Phoenix-Mesa Gateway Airport has been a magnet for development, with the City of Mesa’s nearby Elliot Road Technology Corridor and Pecos Advanced Manufacturing Zone attracting millions of square feet…»