June 9, 2022

Many Valley companies have started a “return to office” plan – the Business Journal’s started in mid-May. While some managers have decided employees need to be in the office every day, others have seen how much employees like

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Luxury fitness club Life Time Fitness has eyes on another big box location in the Valley. Plans were submitted to the Gilbert Planning Commission for a club on the southwest corner of Val Vista Drive and E. Ocotillo Road on a more than

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Once a frontier outpost famous for Tombstone shootouts and Lost Dutchmen’s gold stashes, few people consider Arizona an urban jungle. And the West Valley, once filled with cotton and dairy farms, is now home to five of

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By every metric, the Arizona economy continues to fire on all cylinders, as evidenced by several recent studies and statistics. A recent deep dive into U.S. Bureau of Labor statistics by Skynova ranked our state third in the nation for workforce gain, with a

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Developers and government agencies are converting older metro Phoenix hotels into permanent housing in a new trend experts hope will help make a fast dent in the Valley’s severe housing shortage.

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June 8, 2022

One of the lasting effects of the pandemic has been the acceleration of technological adoption. What once was a benefit only available to a few positions, platforms such as Zoom and Teams have shown that

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Shortly after closing on 214 acres in Buckeye, Coeur d’Alene, Idaho-based KORE Power has unveiled plans to double the size of its factory and significantly increase its investment in the plant. The facility will now total 2 million square feet and cost

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A new forecast from bank economists predicts that the U.S. will avoid a recession over the next two and a half years even as economic growth slows and inflation eases, with the Federal Reserve successfully maneuvering toward a 

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PHOENIX — Business in Arizona is booming as the state had two of the top 20 largest deals in the country last year, according to Site Selection Magazine.Ranking No. 5 on the list is Intel’s $20 billion chips plant in Chandler, while

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Phoenix leaders are laying the groundwork for an election next year when voters will be asked to approve $500 million in new bonds. The bonds would be paid for the same way old bonds have been paid — using revenue from the

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June 7, 2022

Ron Davis has joined the Phoenix Business Journal to cover commercial real estate and economic development in the East Valley.In addition, his beat will have a Valley-wide focus on

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The fact that Phoenix is growing at a faster rate compared to all other major cities in the U.S. isn’t breaking news. In fact, it was in Aug. 2021, that our Valley of the Sun made national news, highlighting

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Goldman Sachs has said the Federal Reserve will have to sharply slow the US economy to bring down inflation, but said the central bank should be able to pull off a “soft landing” and avoid

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Commercial real estate continues to provide a solid hedge against inflation, a trend that has been borne out over multiple decades during periods when inflation has exceeded 4%, says

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As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow does not believe the market is in a bubble. The latest Zillow Home Price Expectations Survey1 polled more than

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Asante Development Partners, a venture between Lennar Homes, Pulte Homes and Taylor Morrison Homes, recently completed the purchase of a premier 836-acre land parcel in the city of Surprise, Arizona, for

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June 6, 2022

A massive paved lot in Buckeye could be developed nearly 20 years after a retail center was first proposed for the property. The site is located on the southeast corner of Interstate 10 and Verrado Way near

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Continental Properties announced the groundbreaking of Avanterra Town Square, a brand-new luxury, 102 single-family home rental community in Gilbert, AZ. The community is located off

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A large industrial project in Goodyear known as Gateway 303 became fully leased with two new tenants before the buildings were completed. The 600,000-square-foot facility is located at the northwest corner of

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Link Senior Development and The Roxborough Group, LLC announce the acquisition of Park Terrace Senior Living, an amenity rich, 301-unit independent living and assisted living community in Phoenix, Arizona.

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Culdesac, a 17-acre car-free community being built in Tempe, has leased out its final retail spot ahead of its opening later this year. Culdesac Tempe, which cost $170 million to develop, will have

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June 5, 2022

An office and medical building in north Phoenix has sold for $20 million .Cleveland, Ohio-based Woodside Health Development was the buyer, and Vancouver, B.C.-based Talia Jevan Properties Inc. was the

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Hiring has also been underway, and the company has about 500 Arizona employees undergoing training in Taiwan, where TSMC is headquartered. The company expected to have more than

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Apartment rents are growing more slowly than they did in 2021, but at a pace faster than the years immediately preceding the pandemic, according to the latest national rent report by Apartment List. Year-over-year rent

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Arizona had five of the 15 fastest-growing cities in the U.S. last year while Phoenix continued to add residents, bucking the trend of major cities that lost population during the pandemic, according to

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