The city of Phoenix is looking to turn remaining vacant farmland along a major freeway corridor into a new industrial and technology-focused center. Phoenix wants to help developers bring new industrial buildings to the Loop 202 in the Laveen area in the south part of the
The swift rise in mortgages rates over the last year reduced the affordability of single-family houses more rapidly and more severely than what buyers experienced after the Great Financial Crisis. Mortgage rates have moved within a narrow range since the beginning of year for reasons not
The city of Phoenix is looking to turn remaining vacant farmland along a major freeway corridor into a new industrial and technology-focused center. Phoenix wants to help developers bring new industrial buildings to the Loop 202 in the Laveen area in the south part of the city by reimbursing
On behalf of KBC Advisors Arizona, Phoenix-based Stevens-Leinweber Construction (SLC) has started construction on Empire 101, a new Class A industrial project fronting the Loop 101 freeway, north of Cactus Road in Peoria, Arizona. Located just 12 minutes from the new TSMC semiconductor
The owner of Desert Ridge Marketplace and Tempe Marketplace is betting that large-scale retail isn’t dead, it has just moved outdoors. Phoenix-based Vestar has three open-air shopping centers under construction around the Valley, with two large-scale centers, planned to be similar to their
CMBS issuance dropped to levels not seen since 2012 in the first quarter, totaling a “mere” $5.98 billion that was 12% less than fourth-quarter volume and 79% less than the same period a year ago, according to a new report from Trepp and Commercial Real Estate Direct. Rising interest rates and increasing
The most recent banking troubles, rising inflation, and prohibitive mortgage rates are some of the issues affecting the housing market at the moment. And the latest data supports the fact that the market is losing momentum: While the number of completed units has increased every year since 2012,
Scottsdale-based Discount Tire Co. embarked on a search that lasted years and spanned the Valley for its new office headquarters that will be located in north Phoenix. The tire and wheel retailer plans to build a new office complex in north Phoenix near the Loop 101, State Route 51 and
This weekend Bed Bath & Beyond filed for bankruptcy protection, a long-awaited event that retail landlords have been preparing for for months. The retailer’s 360 Bed Bath & Beyond and 120 Buy Buy Baby stores and websites will remain open and continue serving customers as it “begins its efforts to
For years single-family homes have been an attractive asset class for investors in large part due to low mortgage rates. Now, though, the financial equation is changing, and some investors are finding they are getting burned as they seek an exit. In March of this year, one in every seven U.S. homes sold
CBRE has facilitated the sale of the JW Marriott Tucson Starr Pass Resort & Spa, a 575-key resort located at 3800 West Starr Pass Blvd., in Tucson, Arizona. Southwest Value Partners purchased the property for $110 million. Christian Charre, Jennifer Bergamo, Paul Weimer, and
A Newport Beach, California-based company is looking to redevelop the historic Turf Paradise in north Phoenix. CT Realty is under contract to purchase the horse racing track and its 252-acre site and redevelop portions of the property into industrial space, a data center and single-family
Taiwan Semiconductor Manufacturing Co. is seeking up to $15 billion in tax credits and grants from the federal government to support its Arizona semiconductor plants amid concerns about subsidy criteria, the Wall Street Journal reported Wednesday. TSMC expects to receive
On behalf of KBC Advisors Arizona, Phoenix-based Stevens-Leinweber Construction (SLC) has started construction on Empire 101, a new Class A industrial project fronting the Loop 101 freeway, north of Cactus Road in Peoria, Arizona. Located just 12 minutes from the
Overlooking Tempe Town Lake, adjacent to the Arizona State University campus, a massive mixed-use development called the Novus Innovation Corridor is taking shape. Development is still underway, and it will continue for years to come. However, the project
A Las Vegas industrial developer is eyeing 600 acres for a new industrial center and mixed-use campus south of Phoenix that will represent an investment of more than $1 billion. Through two new projects in Casa Grande, IndiCap has proposed an industrial park
Arizona’s unemployment rate dropped again last month. It fell two-tenths of a percent to 3.5% from February into March. Arizona’s rate now matches the rest of the country’s. Doug Walls with the Arizona Department of Economic Opportunity says some
The developer has laid the groundwork for a big project in a prominent area of Scottsdale, but vertical construction is still a few months away. Hazel & Azure, a development that would bring more than
Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, broke ground on LogistiCenter at Copperwing, Wednesday, April 19, 2023, commencing
Forget co-working. Metro Phoenix is getting a co-warehousing facility, and it could be a game-changer for local businesses. Driving the news: Logistics company Saltbox opened a facility near Elliot and Kyrene roads in Tempe this month that
Valtus Capital Group, a Las Vegas investment banking firm, has created a real estate private equity group to build rental units across the Southwestern United States. Plans call for starting in Arizona, where the company intends to build more than
Clean energy investments and incentives – passed thanks to President Biden and Congressional Democrats – have turbocharged our clean energy economy in Arizona. Since becoming law on August 16th, clean energy companies have
Phoenix has emerged on top as the fastest-growing industrial market in North America, according to real estate experts. The Phoenix metro’s industrial market had a growth rate of
Close on the heels of its 250,000-square-foot “Building 109” groundbreaking, SkyBridge Arizona has started construction on a second 250,000-square-foot building, “Building 108.” Together, the buildings bring
The owner of Turf Paradise, a historic 1,400-acre horse racetrack in north Phoenix, is negotiating to sell to a developer. Vincent Francia, general manager of Turf Paradise, said the track’s owner, Jerry Simms, has signed an agreement to