Halo Vista will create a ‘city within a city’ in TSMC’s backyard
Through smart planning, savvy investing and stakeholder alignment, the Valley’s reputation as a nascent industrial powerhouse is spreading. TSMC’s $165 billion campus in North Phoenix is symbolic of the region’s transformation away from the boom-bust cycle that left it vulnerable during the 2008 financial crisis and towards a more resilient, diversified economy. To help meet the demand generated by TSMC’s substantial investment, Mack Real Estate Group (MREG) and McCourt Partners…»
Desert Ridge a hot spot for state land auctions, with more on the way
The Desert Ridge area north of Paradise Valley has turned into a hot spot for developers wanting to scoop up prime state-owned land in recent years. One of the highest-priced state land auctions last year happened when Mortenson outbid Verde Investments for over 200 acres in the area, spending $136 million for a site now planned to become a new Arizona Cardinals training campus. And major national homebuilders turned out to bid on about 53 acres of residential land by the…»
SkySong marks 20 years: A bold idea is now a regional powerhouse
Twenty years ago, when we first began talking about transforming the site of a former struggling retail center in south Scottsdale into an innovation hub, more than a few people were skeptical. Could a university-anchored innovation center really thrive in the middle of the desert? Would global companies choose to locate high-wage jobs in a place better known for resorts and retail? Could a public-private partnership anchored by Arizona State University truly spark a new kind…»
New report shows Arizona added a record amount of solar capacity in 2025
New data shows that Arizona installed a record amount of solar capacity last year Arizona added nearly 2-gigwatts of solar power, bringing the total amount statewide to about 11.5 gigawatts. To put that in perspective, APS’ peak demand last year was more than 8 and a half gigawatts. The gains were the largest among utilities, followed by residential and commercial sectors. While Arizona added a record amount, the rest of the nation saw a decline in solar installation. That drop came…»
Metro Phoenix home prices slip with 1st price drop in a year
More families are finding homes in their price range, as the Greater Phoenix housing affordability index increased from 71 to 77 in February, and the number of homes in inventory rose 8.3%. This means that 77% of households with an income equal to the region’s median can afford the median-priced home, according to home sales data from Phoenix REALTORS®. “March until May are normally the best months for selling homes in the metro,” said Sammy Glassman, president…»