RETSY, Arizona’s Forbes Global Properties brokerage, announced that it crossed the $1 billion mark in sales volume more than two months earlier than in 2024, despite a more challenging housing market marked by rising interest rates and shifting commission structures. Recognized on RealTrends as the #1 brokerage for average sales price of brokerages in Arizona with over $1 … [More]
TSMC Breaks Ground on ‘Near-Zero’ Discharge Water Plant to Back Fabs
TSMC Arizona has broken ground and begun construction on a planned 15-acre Industrial Reclamation Water Plant (IRWP). The IRWP is designed to achieve “Near Zero Liquid Discharge” which means the company will have the ability to reuse nearly every drop of water. At start-up, the IRWP will reach 85% recycling rate with a plan to reach 90% or better. The start of construction on … [More]
National Fashion Retailer Plans Goodyear Store, Deepening West Valley Retail Mix
Seattle-based fashion retailer Nordstrom, Inc. announced plans to open a new Nordstrom Rack in Goodyear, AZ in spring 2027. "We look forward to being a part of the Goodyear community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in the … [More]
SRP Partners with Arizona Universities, Channeling $2.9M into Grid Reliability R&D
Salt River Project (SRP) has invested $2.9 million in 37 research and development projects with Arizona State University, Northern Arizona University and the University of Arizona in an ongoing effort to support the reliable delivery of power and water to SRP customers. Every funded project is assessed for alignment to SRP’s long-term corporate goals and strategic … [More]
Uptick in Office Conversions to Industrial Removes Inventory from Market
The Greater Phoenix office market experienced a decline in direct vacancy during second quarter, falling 40 basis points to 15.2 percent, according to a report released by Colliers. A trend of converting office properties to industrial usage resulted in removal of nearly 700,000 square feet from the office inventory which contributed to the drop of vacancy. Tenant demand has … [More]
