News


Why Walmart wants to transform acres of store parking lots into bustling town centers

Phoenix Business Journal

Walmart is pondering whether to transform underused land at its stores across the U.S. into restaurants, shops, food halls, parks, entertainment venues and more, and is looking for input from developers in the Phoenix area and around the country. It’s a concept called the “Walmart Town Center,” and…Read More »


Phoenix Children's Hospital to benefit from Scottsdale luxury home sale

Phoenix Business Journal

The Valley couple whose foundation is paying for the home’s construction credit PCH physicians for saving their son’s life.

Source: Residential News

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Major portions of Harrah’s Ak-Chin Casino Resort expansion completed

Phoenix Business Journal

The transformation of Harrah’s Ak-Chin Casino is closer to fruition with the completion of some larger construction projects.

A new 12-story hotel tower, 730-space parking garage and an updated casino are some of the finished updates at the Ak-Chin Indian Community-owned casino south of Phoenix, near Maricopa.

Tribal officials…Read More »


Tesla challenger Lucid expands in California after $1B Saudi infusion

Phoenix Business Journal

The move by the electric car rival of Tesla Motors comes on the heels of a $1 billion investment it got in September from Saudi Arabia.

Source: Commercial News

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Valley industrial construction surges, but absorption keeping up

Phoenix Business Journal

Construction levels around the Phoenix region are being met with record levels of absorption and historic low vacancy rates — and it’s not all big buildings making waves.

Source: Commercial News

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New CEO of Phoenix homebuilder offers muted response to SEC subpoena

Phoenix Business Journal

The company’s longtime leader stepped down from the C-Suite amid an investigation by the SEC regarding securities trading.

Source: Residential News

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Apple boosts land holdings to more than 7,000 acres

Phoenix Business Journal

Apple has almost tripled the amount of land it owns over the past two years, as the company makes purchases of vast tracts across the US for data centers and solar farms that can also help secure lucrative tax breaks.

Source: Commercial News

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CEO steps down after SEC subpoenas Phoenix homebuilder

Phoenix Business Journal

Joseph Stegmayer has stepped down as chairman, president and CEO of Phoenix-based Cavco Industries Inc. (Nasdaq: CVCO) following a subpoena from the U.S. Securities and Exchange Commission.

Stegmayer stepped down after an internal investigation, conducted by independent legal counsel, identified violations of company policy related to securities trading activities…Read More »


Native American communities urge developers to focus on economic diversity, sustainability

Phoenix Business Journal

Connecting investors to tribal communities may help bolster economic sustainability and build capacity on reservations, officials said Thursday at a conference in Phoenix.

Source: Commercial News

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Salt Lake City firm scoops up 51-acre land parcel in Phoenix

Phoenix Business Journal

The state-owned land was purchased through a 1031 exchange, where investors sell off one property and use the proceeds to buy another while deferring all of their tax liability in the process.

Source: Commercial News

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