Commercial Real Estate & Business News 6-25-2025
217 acres of desert near Scottsdale Road and Loop 101 just sold. What will be built? State land in northeast Phoenix, where the now-defunct Arizona Coyotes once hoped to build a new arena, was sold to a Minnesota-based commercial developer for $136 million. In a bidding war that broke out at the Arizona State Land […]
Commercial Real Estate & Business News 6-24-2025
SoftBank founder wants to team up with TSMC on trillion-dollar AI hub in Arizona The founder of Japanese investment holding company SoftBank Group Corp. wants to team up with Taiwan Semiconductor Manufacturing Co. (TSMC) to develop a trillion-dollar industrial robotics and AI industrial complex in Arizona, Bloomberg reported Thursday. The big picture: SoftBank’s billionaire founder, […]
Commercial Real Estate & Business News 6-23-2025
Mountainside Fitness expands with 22nd location in Queen Creek; plus more Valley deals Arizona’s largest locally-owned fitness company just became a little bit bigger. Mountainside Fitness began construction on its 22nd location and its second in Queen Creek, the company announced. The newly announced and yet-to-be built location will span 42,000 square feet with a […]
Commercial Real Estate & Business News 6-20-2025
This AZ mall just got named 1 of the best in the US. Here’s why shoppers love it USA TODAY readers across the country have voted on the best malls in the United States and a longtime Arizona favorite made the list. Scottsdale Fashion Square is ranked No. 6 in the 2025 USA TODAY 10 […]
Commercial Real Estate & Business News 6-19-2025
Atavia in North Scottsdale’s ‘new luxury corridor’ earns approval Belgravia Group, Chicago’s award-winning real estate developer with more than 75 years of luxury developments constructed under its brand, announced that it has received public report approval for Atavia, the 88-unit luxury condominium development located in North Scottsdale’s “new luxury corridor” at Loop 101 and Scottsdale […]
Commercial Real Estate & Business News 6-17-2025
High-rise apartment boom reshapes Phoenix’s urban core The downtown Phoenix skyline is quickly changing as several new high-rise apartment buildings have sprung up in recent years, with a handful of others planned or already underway. Some 1,581 new residential units opened downtown from 2023 to 2024, while 2,940 units were under construction and 3,309 units […]