Developer snags 38-acre Valley site for huge tech park
Industrial activity remained incredibly resilient in the Phoenix metro in the first quarter of this year. In fact, industrial investment was the strongest on record, with $990.8 million in total sales volume, up 24% year-over-year, according to a Q1 report from Colliers. Some major deals included Prologis acquiring Cotton 303 Logistics Center in Glendale for $104 million on March 20. What’s more, EQT Real Estate acquired Commerce@303, a 663,367 square-foot industrial building also…»
PV welcomes new restaurants and more at mall redevelopment
PV is getting more places to eat, stay healthy and have fun as the redevelopment of the former Paradise Valley Mall site continues. Why it matters: The bulldozed mall near Cactus Road and Tatum Boulevard is giving way to a massive, mixed-used development that will transform that area of north Phoenix. What they’re saying: “By this time next year, this will be a dramatically different place,” Jeff Moloznik, senior vice president at RED Development, told Axios. The latest: RED, which is…»
TSMC brought chip war to Arizona. Now it’s on us to win it | Opinion
Ground broke on the Taiwan Semiconductor Manufacturing Co. (TSMC) fab in north Phoenix in 2021 with the kind of ceremony that American manufacturing policy had not seen in a generation. Hard hats and ribbon-cutting and the word “historic” deployed without irony. The narrative was clean: the U.S. was taking back the commanding heights of semiconductor production from Asia, and Arizona was where it would happen. That narrative is incomplete. I lived in Taiwan in 1987…»
Arro project brings tallest building in Arizona to Downtown Phoenix
Empire Group of Companies, through its luxury urban infill division Aspirant Development, today announced the official rebranding of its highly anticipated Downtown Phoenix high-rise project from its working name, Astra, to Arro – a landmark mixed-use development poised to become the tallest building in Arizona upon completion. Spanning approximately 1.8 million square feet, Arro will introduce a new level of scale and sophistication to Downtown Phoenix, anchored by a…»
Phoenix Hotel Developers Building To Make Up For Lost Time
The Phoenix metro area, which already boasts a robust hotel pipeline, is expected to experience continued growth in this sector through 2026, hospitality development executives said at Bisnow’s Phoenix Hotels, Resorts and Wellness Summit. “This year alone, the hotel industry is going to generate $1.1B in tax revenue” for the metro area, Haleigh Hildebrand, American Hotel and Lodging Association vice president of public affairs, said at the event held at the Hilton Scottsdale Resort & Villas in…»