Commercial Real Estate & Business News – November 24, 2021

More than 700,000 jobs will be created in Arizona in the next decade, another sign of Arizona’s economic prowess coming out of the pandemic. According to a new report from the Arizona Office of Economic Opportunity (OEO), which studies the state’s economy and labor market trends…»
Recurrent Energy, a subsidiary of Canadian Solar Inc., is planning to build a massive energy storage facility in the far West Valley. The Papago Solar + Storage Project will be comprised of 300 megawatts alternating current and 1,200 megawatt hours of energy storage facility in…»
Quickly following its completion of Gilbert Spectrum Building 5 – built for global aerospace and defense technology company Northrop Grumman – developers GID and SunCap Property Group, along with Graycor Construction Company, joined with local dignitaries and…»
For the past 18 months, we’ve heard a consistent refrain from the Federal Reserve: in the wake of the COVID-19 pandemic, our economy needs support in order to meet the twin goals of maximum employment and price stability. This support, we are told, can...»
Goodyear, Ariz. — ORION Investment Real Estate has brokered the sale of Central Marketplace, a 62,000-square-foot retail center located in the Phoenix suburb of Goodyear. A California-based seller sold the asset to an undisclosed buyer for…»