Commercial Real Estate & Business News – October 27, 2023

American Battery Factory (ABF), an emerging battery manufacturer leading the development of the first network of lithium iron phosphate (LFP) battery cell gigafactories in the United States, today broke ground in Tucson, Arizona on a two million square foot gigafactory. The site will provide an…»

The Phoenix Financial Center — a midcentury office tower with distinctive slots resembling vintage computer punch cards — could be taken off the office market permanently. New York City-based Left Lane Development is planning to acquire and transform the mostly empty building into a boutique hotel with…»

Two surfers took turns riding waves, each riding for about 30 seconds at a time before falling into the deep water behind them. The idyllic summer scene was a little out of place, however, because the surfing pool was in the middle of a 37-acre construction site in east Mesa. The surfers were among the first to…»

Columbus, Ohio-based Coastal Ridge Real Estate LLC completed a recapitalization of Nine20, a student housing property near Arizona State University in Tempe. A joint venture between Coastal Ridge and Austin, Texas-based Virtus Real Estate Capital bought out Coastal Ridge’s prior investors for $130 million to…»

McShane Construction Company was selected by repeat clients Milhaus and Banyan Residential to provide design-assist construction services for Alanna, a new apartment community in Phoenix, Arizona. Located at 48th and Washington Streets, the development will offer 320 units across four residential…»