Commercial Real Estate & Business News – September 10, 2014

Phoenix Population Has Grown, Especially Among Youth

Whether a transplant or a native, Arizona residents have seen the state grow immensely, and a census report shows just how much. From 1970 to 2010, the population of the metro Phoenix area — and most of Arizona, in general — has increased by more than 130 percent, the Washington Post reported… Read more »

Wood Partners To Break Ground On Alta Steelyard Lofts

Wood Partners will break ground in October on Alta Steelyard Lofts, a 301-unit luxury apartment community in downtown Chandler that will add distinctive rental units to the employment-dense, rapidly developing ?Silicon Desert? core. With a particularly urban feel in both architecture and density combined with convenient access to employers and entertainment, Alta Steelyard will appeal to millennials who are flocking to Chandler for employment opportunities… Read more »

Flagstaff Retail Is On The Rise

New centers of retail and housing growth are starting to pop up in Flagstaff, but not in the usual places. According to the book, ?Mountain Town,? Downtown Flagstaff was the hub of business for the community since before 1897. In the 1960s, stores started moving out of the downtown area because of a lack of space to expand and parking. They were replaced beginning in the 1990s with a variety of boutiques and small restaurants…. Read more »

USA Basketball Complex Coming Together

USA Basketball?s new home in Tempe will be built as part of a $436 million urban showpiece that is expected to transform a long-neglected corner of Mill Avenue into a major attraction and entryway to Arizona State University. Construction on USA Place is expected to begin in December. One of two final pieces of the deal recently fell into place… Read more »

What Intel’s Plans Could Mean for Chandler

While everyone was fawning over the new iPhone and Apple Watch, Intel made some announcements Tuesday that are equally interesting — particularly for Chandler, where the company employs thousands in high-wage jobs. Intel has been tight-lipped about its plans for the city’s facilities. It invested $300 million into a larger research facility and nearly completed a $5 billion factory expansion… Read more »