Governor Katie Hobbs is appointing Mary Foote to lead the Office of Economic Opportunity. Director Foote currently serves as the Director of the Greater Arizona Development Authority, the state infrastructure bank for rural and Tribal communities, unlocking investment capital for critical projects such as fire stations, roads, and libraries across the state. Under her … [More]
Real Estate Trust Expands Phoenix Holdings with 700,000+ SF Acquisition
INDUS Realty Trust, Inc., a U.S.-based logistics real estate business, announced that it completed the acquisition of a fully leased, three building, 731,571 square foot Class A warehouse/distribution portfolio in the Phoenix, Arizona market. The portfolio features market-leading attributes, including 30-foot clear heights, 124 dock-high doors, and rail access. The three … [More]
West Valley Multi-Use Development Nears Completion with New Tenant Signings
Sunbelt Investment Holdings, Inc., a retail developer and owner, has experienced substantial leasing progress at Buckeye Commons West, a key extension of its Buckeye Commons development. The project has achieved significant milestones with sitework now complete. Pads have been delivered to a strong lineup of major brand tenants, emphasizing a drive-thru pad tenant format. … [More]
Labor Concerns Loom amid Slight Optimism Uptick
The NFIB Small Business Optimism Index rose 0.5 points in August to 100.8, nearly 3 points above the 52-year average of 98. Of the 10 Optimism Index components, four increased, four decreased, and two were unchanged. The increase in those expecting real sales to be higher contributed the most to the rise in the Optimism Index. The Uncertainty Index fell by 4 points to 93 but … [More]
SRP Partners with Google on Energy Storage
Salt River Project and Google announced a first-of-its-kind research collaboration to better understand the real-world performance of emerging non-lithium ion long duration energy storage (LDES) technologies, aiming to accelerate the advancements needed to deploy LDES at scale. As part of the research collaboration, Google will fund a portion of the costs for … [More]
