Commercial Real Estate & Business News – March 28, 2022
Tempe Working to Prime Area South of Mall as ‘Innovation Hub’ The city of Tempe is working to grow the area south of Tempe Marketplace into an “innovation hub,” which is a pilot idea that could be applied to other employment areas around the city. The city identified the 302 acres that are bounded by…» […]
Commercial Real Estate & Business News – March 25, 2022
Phoenix Expands the Bio Research Campus Brand, Now ‘Phoenix Bioscience Core’ Health-advancing discoveries underway in Phoenix show promise that the cure for cancers comes through the city’s biosciences ecosystem.The reason is the 30-acre Downtown bio research and discovery campus located between…» Williams-Sonoma is Bringing More Than 2,400 Jobs to Glendale The Arizona Commerce Authority and […]
Commercial Real Estate & Business News – March 23, 2022
Korean Electronics Giant LG Plans $2.8 Billion Plant in Queen Creek South Korea-based electronics giant LG is planning a $2.8 billion plant in Queen Creek, which town documents say will create 2,800 jobs and include 1 million square feet of new development. Queen Creek Town Council voted at its March 16 meeting on…» Joint Venture […]
Commercial Real Estate & Business News – March 22, 2022
High-Profile Valley Office Buildings Drive New Leasing Activity Some of the Valley’s newest office buildings are scoring notable new leases, even before they finish construction. Phoenix-based RED Development’s office project, called the Grove, on 44th Street and Camelback, secured a 36,000-square-foot lease from…» What Those Rate Hikes Really Mean For CRE The recent rate hike […]
Commercial Real Estate & Business News – March 21, 2022
‘We Have a Problem’: $800 Rent Hikes Squeezing Metro Phoenix Tenants Kathleen Black is facing a 50% rent increase on the older three-bedroom central Scottsdale apartment she shares with her four kids and father. “My apartment’s management is upping my rent by $800 a month,” said Black, who moved from…» Kush: Scottsdale’s Top 10 lists […]
Commercial Real Estate & Business News – March 18, 2022
New Commercial Real Estate Data Shows a Surprisingly Good Pandemic Recovery If you were to look at the pandemic as two acts in a play, 2020 would be Act I, and 2021 would be Act II. The first act always contains the “inciting incident,” in this analogy, which would be the start of the pandemic. […]