Commercial Real Estate & Business News – May 30, 2024

This Longtime South Phoenix Nursery is Being Replaced. Here’s What’s Coming

One of the last remaining large pieces of land along Baseline Road in south Phoenix, long home to a wholesale tree nursery, is to be developed into houses, apartments and commercial buildings, including retail stores and restaurants. The 104-acre stretch of land located at 19th…»

Betting on Chips

As a security guard at Taiwan Semiconductor Manufacturing Co.’s factory site in north Phoenix, Meareg Mamo has a front row seat for the growth of the Valley’s semiconductor industry. It’s also sparked Mamo’s interest in changing careers with the goal of someday working alongside…»

The Housing Market Blues

It’s been tough to navigate the housing market since the pandemic’s broader economic effects wreaked havoc on buyers and sellers. The primary impact has been the Federal Reserve’s move to push up interest rates to fight against inflation, increasing lending and mortgage costs…»

New York Firm Wins Major Land Auction for Site Around TSMC in Phoenix

Years of planning culminated on May 29 with a state land auction that lasted less than five minutes. As a result, the fate of a massive science and technology park in north Phoenix is now in the hands of Mack Real Estate Group. The New York City-based firm spent $56.28M…»

Aria Prepares to Sing for Rezoning Request

North Scottsdale neighbors may or may not be singing its praise when a project called Aria at Silverstone makes an operatic request. When the curtain raises for Aria, John Berry – the Placido Domingo of Scottsdale rezoning attorneys – will attempt to carry a tune about a 115-unit…»