Commercial Real Estate & Business News – May 24, 2023

Arizona and six other Southwest states that rely on water from the Colorado River have agreed to a new usage proposal, the Biden administration announced Monday. Arizona, Colorado, California, Nevada, New Mexico, Utah and Wyoming have submitted the plan to the…»

From the outside, a Metro Phoenix data center looks like a large, nondescript concrete structure not that different from other industrial buildings. But inside, racks of servers hum along as they provide the infrastructural backbone for the U.S. knowledge economy — one that is…»

How much money will shoppers save at the cash register if Kroger and Albertsons win regulatory approval to merge? Likely knowing how controversial their proposed mega-deal might be, Kroger executives from the start stressed the takeover will save consumers…»

PHOENIX (AP) — Alondra Ruiz Vazquez and her husband were comfortable in Periwinkle Mobile Home Park for a decade, feeling lucky to own their mobile home and pay about $450 a month for their lot in a city with spiraling rents. But now they and dozens of other families have…»

With Tempe residents rejecting a multibillion entertainment district that would have created the new home of the Arizona Coyotes, questions on the NHL team’s future in Arizona are mounting. The Coyotes had zeroed in on a 46-acre site on the northeast corner of Priest Drive and…»