158-acre mountain site near TSMC plant up for grabs as Phoenix eyes new hiking preserve
About 158 acres of state trust land in north Phoenix is going up for auction in November, with the city of Phoenix’s parks and recreation department eyeing it for a new mountain preserve and hiking trail. But that doesn’t mean a residential builder can’t swoop in and outbid them, with a starting bid at $11.9 million. Several documents, including an appraisal report submitted to the Arizona State Land Department, suggest “it is likely that future potential development would entail…»
From $5B to $25B, AZ’s construction industry is booming and needs workers
Metro Phoenix ranked second in construction job growth in the last five years, eclipsed only by Minneapolis. That quickly outpaced job growth overall. By that measure, the region ranked seventh nationally from February 2020 to August 2025, Anirban Basu, chief economist for Associated Builders and Contractors said in an economic outlook presentation. According to data from the Arizona Office of Economic Opportunity, there are about 229,000 construction workers…»
Phoenix remains a well-positioned market for industrial tenants: Here’s why
Despite Phoenix industrial construction activity continuing to slow down in 2025, 11.9 million square feet remain in the pipeline, helping Phoenix remain a well-positioned market for industrial tenants, according to an analysis from Kidder Mathews.
Market Highlights: CONSTRUCTION activity totaled 11.9 million square feet; DIRECT NET ABSORPTION reached 2.4 million square feet; TOTAL LEASING.…»
Provident Delivers Its 1st Phoenix Industrial Property in Glendale
A division of Dallas-based Provident, Provident Industrial, recently announced the completion of its first development in the Phoenix industrial real estate market. Located at 6550 W. Orangewood Ave. in Glendale, Ariz., the Orangewood Commerce Center is a premier facility incorporating more than 292,000 square feet of class A Phoenix industrial and warehouse space. Specifically designed to meet the demands of today’s industrial real estate users, the property features 36-foot clear…»
As Government Shutdown Drags On, Risks To Commercial Real Estate Emerge
The third week of the federal government shutdown is approaching, bringing the economic ripple effects closer to the commercial real estate sector with each passing day. Federal workers are set to miss their first paycheck this week, resulting in billions of dollars being sapped from the economy. Those who operate and develop affordable housing already depend on federal aid to stay afloat, but with less spending amid declining consumer…»