Commercial Real Estate & Business News – September 11, 2020


Mammoth Mesa Sports Complex No Pipedream, Developer Promises
Randy and Chad Miller have a big sports and entertainment dream for southeast Mesa near Phoenix-Mesa Gateway Airport. At 320 acres, that dream is expansive – but Chad Miller insists it’s not fanciful. It includes two stadiums, 23 soccer fields, eight baseball and softball fields, and an indoor sports building…»
Glendale Approves Massive Water Park Development With Hotel, Restaurants and More Near Westgate
Glendale could see a new resort-style development, anchored by an 11-acre water park and a massive hotel, near its Westgate Entertainment District by the time the city plays host to the 2023 Super Bowl. The Glendale City Council on Tuesday voted unanimously to approve the project – dubbed…»
Scottsdale Tops all U.S. Cities with More People Moving in During COVID-19
HireAHelper, the online marketplace for finding, comparing and booking moving transportation and services, today released results from a new study examining U.S. moving trends and Scottsdale wins the popularity contest. This study is a unique and nuanced view of more than 25,000 moves booked…»
GM Takes a $2 Billion Stake in Phoenix-Based Nikola to Make Electric Trucks
General Motors is taking a stake in Phoenix-based electric vehicle maker Nikola Corp. in a deal that will eventually deliver $4 billion in benefits to GM as it commercializes its EV technology. The partnership, which is a 10-year agreement, will ultimately reduce costs for each company as GM pursues its all-electric…»
State Offers Bargain Basement Deal for Land – But Most Can’t Bid
More than four square miles of state land in Apache Junction is being auctioned off this coming month for what might seem like bargain-basement prices. But odds are you won’t be able to bid on it even if you have the $68 million minimum bid price – or at least the 10% down with 25 years to pay it off…»