Commercial Real Estate & Business News – November 14, 2022

Denver Company Plans 50-Acre, Data-Center Campus Near Phoenix Sky Harbor Airport

A Denver company has announced plans to build a five-building, 50-acre campus just north of Phoenix Sky Harbor International Airport. Stack Infrastructure said it has purchased land south of Loop 202 near 40th Street and plans to construct…»

Developers Want to Bring Residents, New Retail to Stagnant Glendale Downtown With New Project

The historic, former Gaslight Inn boutique hotel in downtown Glendale is being repurposed for housing, a brewery and a retail store or restaurant. The property, now called the Gaslight Building, had sat vacant for years after the former…»

High Inflation Could Derail Country’s Top Migration Destinations

The pandemic triggered a great rebalancing of affordability, according to a new report from Redfin. Four markets with the highest inflation rates in the country are also attracting the most, new homebuyers. For example, the inflation rate in Phoenix, which has…»

STACK to Build 1.8M SF Data Hub in Downtown Phoenix

STACK Infrastructure has announced that it will build a 230 MW-capacity data center mega-campus on a 50-acre site in Downtown Phoenix. The developer is planning five hyper scale data center buildings encompassing 1.78M SF of data processing space at…»

California Developer Starts Single-Family Rental Project in Phoenix’s Gilbert Suburb

A Southern California residential development firm broke ground on a 209-unit townhouse project in the latest example of the surging popularity of single-family rental developments across greater Phoenix. Family Development Inc. and its Phoenix-based…»