Month: May 2020

Sales Transactions  1. Valwood Element, LLC purchased Element at Kierland, a 57.7KSF upscale multi-tenant office building at 14614 N. Kierland Boulevard, Scottsdale, for…

By Tasha Anderson for AZBEX  Plans for a new 203.4KSF residential mixed-use development to be located at the NEC of Smith Road and…

Economic News  Experts Fear ‘Credit Infection’  Jim Belfiore of Belfiore Real Estate Consulting and other experts are warning the impacts of unemployment and reduced…

By Tasha Anderson for AZBEX  Arizona’s seasonally adjusted unemployment rate increased to 12.6 percent in April 2020, from March 2020, according to the latest report published by the Arizona Office of Economic Opportunity.   The national rate increased…

Source: Maricopa County  Maricopa County is putting hundreds of millions of dollars in federal funds to immediate use helping people impacted by the COVID-19 pandemic while also pulling back on discretionary spending unrelated to the…

Groundbreakings  1. To make way for improvements to State Route 189 (Mariposa Road) in Nogales, the 3.75-mile road that connects the international border…

By Tasha Anderson for AZBEX  Real estate developer, The Empire Group of Companies submitted plans to the City of Phoenix for a new…

Policy & Stimulus News  Cities, Counties Pushing for More Funds  Arizona cities and counties are pressing for more funding at…

Source: Arizona Commerce Authority  Governor Doug Ducey has announced that following a national search, Taiwan Semiconductor Manufacturing Company has selected Arizona for its new U.S. advanced…

By Paulina Pineda for The Arizona Republic  Tempe likely will ask voters to approve a $349M bond issue to pay for…