Commercial Real Estate & Business News – May 24, 2023

Arizona, other Southwest States Agree on New Colorado River Water Plan

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…»

Here’s why Data Center Demand Continues to Outpace Supply in Metro Phoenix

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…»

Kroger and Albertsons say Merger will Save Customers Money. How Much?

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…»

Aging Valley Mobile Home Parks being Squeezed out for New Developments

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 Off the Table, here’s Where Arizona Coyotes could Build Arena

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…»