Year: 2020

Budget, Policy & Stimulus News  Tempe Launches $1.1M Small Business Grant Program  The City of Tempe has allocated $1.1M to create the Tempe Small…

By Joe Dyton for The Broker List  Mall owner Simon Property Group and Amazon are in talks to turn J.C. Penney and Sears stores into distribution centers, according to The Wall Street Journal.…

By Peter Aleshire for Payson Roundup  Gila County is seeking a bond issue to pay off a $15.6M debt to the state…

Awards & Accolades  1. AZ Business, in partnership with BestCompaniesAZ, has selected Suntec Concrete as one of the Most Admired Companies of 2020. Annually, Suntec puts…

Sales Transactions  1. Cortland Partners purchased Metropointe Apartments, a 408-unit multifamily community at 7017 S. Priest Drive, Tempe, for $96.75M. Steve Gebing and Cliff…

By Tasha Anderson for AZBEX  Plans for a large expansion to the Banner Gateway Medical Center have recently made their way to the Town of…

Economic News  No-Anchor Retail Could Be Better Bet  Conventional wisdom would dictate that in times of economic turbulence, a retail…

By Suzanne Adams-Ockrassa for Pinal Central  The long, hot summer with few monsoon rains continues to remind Pinal County residents, and especially…

Source: GlobalData  GlobalData has revised its forecast for North America’s construction industry to -1.7 percent this year from the previous projection of…

Groundbreakings  1. Johnson Carlier broke ground on the Southeast Justice Courts and Adult Probation for Maricopa Court. Located at 222 E. Javelina Dr. in Mesa,…