Phoenix area dubbed ‘Headquarters Alley’ as corporate relocations surge
More than two decades ago when she was working as economic development director for the city of Chandler, the chances for a Valley city to land a corporate headquarters relocation were pretty slim. But these days, politicians and economic development experts alike have started referring to an emerging HQ hotspot – the growing northeast Phoenix area near Loop 101 – as “Headquarters Alley,” where Discount Tire, Republic Services and now Sprouts Farmers Market are…»
Scottsdale spends $7.8M on office building to demolish for parking lot; plus more deals
The city of Scottsdale has spent $7.8 million for an office building that it plans to turn into a parking lot for Scottsdale Airport. The property, located at 15011 N. 75th St. in Scottsdale Airpark, was sold by Access Capital LLC. The entity purchased the property for roughly $8.4 million in April 2025, according to Maricopa County records. Scottsdale City Council approved plans in April for the city to purchase the 1.49-acre property, which is home to a 21,664-square-foot office building. That…»
Office Demand Climbs to Post-Pandemic High Despite Shrinking Workforce
Office demand climbed to its highest level since before the pandemic in the first quarter, even as the workforce that typically drives it continued to shrink, revealing a growing disconnect between hiring trends and how companies are using space. The VTS Office Demand Index rose 18% quarter over quarter and 13% year over year, marking its strongest reading of the post-pandemic era, as leasing activity was fueled not only by the tech sector’s ongoing AI expansion but also…»
WinCo Foods to anchor development replacing south Phoenix tree farm
A 100-acre development in south Phoenix that will include shopping, restaurants and residential development will be anchored by a wholesale grocery store. According to documents submitted to Phoenix, discount bulk grocery store WinCo Foods has signed a purchase agreement to buy some of the land at 19th Avenue and Baseline Road to build a roughly 84,000-square-foot store. The site, which is one of the last large remaining pieces of land along Baseline Road in south Phoenix…»
Logistical shocks push industrial companies toward ‘durable’ real estate
Recent years have brought repeated turbulence for the nation’s industrial real estate sector. To start the decade, the pandemic constricted global supply chains. The introduction of tariffs at the start of last year once again scrambled that picture. More recently, the war with Iran has driven fuel prices higher, creating another drag on the traditional means of moving goods into U.S. warehouses and factories. Those three major disruptions — combined with others less ingrained in the nation’s…»