Phoenix rises as U.S. construction starts plummet
While commercial and multifamily construction activity plummeted in the first half of 2020, one major metro area was spared.
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Yearly Archives: 2020
COSTCO’S OPENING IN SURPRISE WAS LONG-TIME COMING
When you want something bad enough, sometimes driving to another state to get it is worth it.
Read MoreThompson Thrift Plans $30M Sprouts-Anchored Development in Maricopa
Thompson Thrift Retail Group signed a lease with Sprouts Farmers Market to anchor Sonoran Creek Marketplace, a 75,000-square-foot project the company is developing in Maricopa, a fast-growing community about 35 miles south of Phoenix. The Phoenix-based specialty grocery chain is expected to open the store in September 2021.
Read MoreMaracay Homes closes on another 140 acres in Gilbert next to fast-selling community
Scottsdale-based Maracay Homes has added 140 acres to its Waterston community in Gilbert, where the Scottsdale-based homebuilder just sold its 100th home in four months.
Read MoreAmazon plans to add 3,000 more jobs in Arizona expansion
Amazon.com, which already employs more than 17,500 people in Arizona, plans to add another 3,000 permanent jobs in the state as it gears up for what could be a robust holiday shopping season.
Read MorePhoenix is one of the top metros in country for data center growth, experts say
As household names like Google and Microsoft flock to Phoenix for data center uses, the Valley continues to rank highly for data center leasing and construction and will likely see even more activity resulting from the coronavirus pandemic, experts said.
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