https://www.bisnow.com/sitemap Bisnow Phoenix News http://blogs.law.harvard.edu/tech/rss en-US Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/industrial/historic-ground-lease-bringing-1m-sf-light-industrial-project-to-phoenix-135398 https://www.bisnow.com/phoenix/news/industrial/historic-ground-lease-bringing-1m-sf-light-industrial-project-to-phoenix-135398 A new 99-year ground lease agreement will bring a massive light industrial project to Phoenix’s Salt River community. jessica.beebe@bisnow.com Mon, 13 Jul 2026 15:13:48 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/adaptive-reuse/phoenix-sees-boon-in-office-conversions-due-to-excess-supply-lack-of-land-135135 https://www.bisnow.com/phoenix/news/adaptive-reuse/phoenix-sees-boon-in-office-conversions-due-to-excess-supply-lack-of-land-135135 Office conversions in Phoenix are mounting as investors seek to leverage a swath of outdated buildings to meet the needs of a growing population and recovering industrial market. Since 2024, 3.3M SF of office space has been converted or demolished in... jessica.beebe@bisnow.com Tue, 23 Jun 2026 14:48:31 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/retail/will-the-phoenix-retail-boom-continue-find-out-at-bisnows-august-event-135261 https://www.bisnow.com/phoenix/news/retail/will-the-phoenix-retail-boom-continue-find-out-at-bisnows-august-event-135261 The Phoenix retail market is on the rise. While other retail markets across the country have struggled, Phoenix is seeing stable vacancy, steady demand and ongoing rent growth. All this bodes well for the mixed-use market as well, as multifamily buildings... julia.troy@bisnow.com Wed, 01 Jul 2026 11:40:15 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/industrial/massive-lowes-warehouse-in-mesa-industrial-park-sells-for-116m-135042 https://www.bisnow.com/phoenix/news/industrial/massive-lowes-warehouse-in-mesa-industrial-park-sells-for-116m-135042 A California-based real estate firm has paid $116M for a Lowe’s-occupied warehouse in southeast Mesa. jessica.beebe@bisnow.com Tue, 16 Jun 2026 13:08:49 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/industrial/machine-investment-group-acquires-10-building-industrial-park-in-southeast-valley-134814 https://www.bisnow.com/phoenix/news/industrial/machine-investment-group-acquires-10-building-industrial-park-in-southeast-valley-134814 Real estate investment platform Machine Investment Group has acquired a 10-building industrial park in Phoenix’s Southeast Valley submarket, the company announced. jessica.beebe@bisnow.com Mon, 01 Jun 2026 15:23:05 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/industrial/developers-race-to-grab-space-as-tsmc-speeds-up-chipmaking-fabs-134745 https://www.bisnow.com/phoenix/news/industrial/developers-race-to-grab-space-as-tsmc-speeds-up-chipmaking-fabs-134745 Taiwan Semiconductor Manufacturing Co. is investing $165B to build new chipmaking plants in Phoenix as part of its multiyear plan to become the most advanced semiconductor facility in the U.S.   Ever since TSMC announced the project in 2020, developers... jessica.beebe@bisnow.com Wed, 27 May 2026 14:41:37 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/industrial/tempes-state-farm-headquarters-sold-for-375m-will-become-industrial-space-134530 https://www.bisnow.com/phoenix/news/industrial/tempes-state-farm-headquarters-sold-for-375m-will-become-industrial-space-134530 Another office complex in the Phoenix metro area has been earmarked for conversion. jessica.beebe@bisnow.com Mon, 11 May 2026 16:45:19 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/office/ground-floor-retail-offerings-boost-office-scene-in-phoenix-area-134439 https://www.bisnow.com/phoenix/news/office/ground-floor-retail-offerings-boost-office-scene-in-phoenix-area-134439 Developers are considering using ground-floor retail to give their new office developments a boost in metro Phoenix. When a new office is being developed, it is often packaged as part of a mixed-use property, according to developers speaking at Bisnow’s... jessica.beebe@bisnow.com Tue, 05 May 2026 16:29:15 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/multifamily/blackstone-sells-glendale-apartment-community-at-a-loss-134343 https://www.bisnow.com/phoenix/news/multifamily/blackstone-sells-glendale-apartment-community-at-a-loss-134343 Real estate investor Blackstone last week sold a Glendale apartment community for $101.4M — about 18% less than what it paid for it in 2021, the Phoenix Business Journal reported. Blackstone purchased the 412-unit Arrowhead Summit at 18330 N. 79th... jessica.beebe@bisnow.com Wed, 29 Apr 2026 11:14:01 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/commercial-real-estate/resurgence-phoenix-office-event-commonwealth-bisnow-134032 https://www.bisnow.com/phoenix/news/commercial-real-estate/resurgence-phoenix-office-event-commonwealth-bisnow-134032 After several years of pandemic-driven slumps, the Phoenix office market is on the rise. The market is stabilizing, driven by persistent flight to quality, with Class-A and trophy buildings leading the charge. These assets are significantly outperforming... john.knowles@bisnow.com Wed, 08 Apr 2026 16:24:24 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/hotel/strong-hotel-pipeline-phoenix-projected-grow-more-134121 https://www.bisnow.com/phoenix/news/hotel/strong-hotel-pipeline-phoenix-projected-grow-more-134121 The Phoenix metro area, which already boasts a robust hotel pipeline, is expected to experience continued growth in this sector through 2026, hospitality development executives said at Bisnow’s Phoenix Hotels, Resorts and Wellness Summit. jessica.beebe@bisnow.com Tue, 14 Apr 2026 14:56:16 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/national/news/data-center-development/pitchforks-and-fire-water-fears-top-growing-list-of-risks-for-data-centers-in-desert-southwest-134080 https://www.bisnow.com/national/news/data-center-development/pitchforks-and-fire-water-fears-top-growing-list-of-risks-for-data-centers-in-desert-southwest-134080 Arizona is one of the country's most important data center hotbeds, but the state and the broader Southwest region face distinct challenges that could stunt their digital infrastructure growth.  Chief among them is local anxiety about data centers’... dan.rabb@bisnow.com Fri, 10 Apr 2026 12:54:06 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/office/montecito-pays-premium-fully-leased-gilbert-medical-office-building-133990 https://www.bisnow.com/phoenix/news/office/montecito-pays-premium-fully-leased-gilbert-medical-office-building-133990 A medical office building in Gilbert changed hands for just over $32M, one of the largest commercial real estate transactions in Arizona this past month. craig.idlebrook@bisnow.com Mon, 06 Apr 2026 18:04:33 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/mixed-use/7b-halo-vista-development-breaks-ground-next-to-tsmc-campus-in-phoenix-133882 https://www.bisnow.com/phoenix/news/mixed-use/7b-halo-vista-development-breaks-ground-next-to-tsmc-campus-in-phoenix-133882 Construction has started on the build-out of Halo Vista, a 2,300-acre mixed-use development adjacent to the Taiwan Semiconductor Manufacturing Co. campus in north Phoenix, KTAR News reports.  jessica.beebe@bisnow.com Mon, 30 Mar 2026 11:39:57 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/retail/aldi-to-expand-across-metro-phoenix-filling-vacant-big-box-space-133818 https://www.bisnow.com/phoenix/news/retail/aldi-to-expand-across-metro-phoenix-filling-vacant-big-box-space-133818 Discount grocery chain Aldi is expanding across metro Phoenix, filling large retail spaces left vacant by big-box closures, the Phoenix Business Journal reports. jessica.beebe@bisnow.com Wed, 25 Mar 2026 12:44:39 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/technology/experts-say-tsmc-will-completely-change-the-face-of-phoenix-133712 https://www.bisnow.com/phoenix/news/technology/experts-say-tsmc-will-completely-change-the-face-of-phoenix-133712 The construction of Taiwan Semiconductor Manufacturing Co.’s massive chip fabrication plant cluster is fundamentally changing the face of metro Phoenix and the North Valley. jessica.beebe@bisnow.com Wed, 18 Mar 2026 13:08:23 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/industrial/edgecore-gains-board-approval-after-scaling-back-mesa-data-center-plan-133677 https://www.bisnow.com/phoenix/news/industrial/edgecore-gains-board-approval-after-scaling-back-mesa-data-center-plan-133677 EdgeCore gained approval from Mesa’s planning and zoning board on March 11 to build out a data center site in the city, according to the East Valley Tribune.  jessica.beebe@bisnow.com Mon, 16 Mar 2026 17:14:16 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/industrial/arizona-ranked-top-industrial-investment-market-volume-2025-133572 https://www.bisnow.com/phoenix/news/industrial/arizona-ranked-top-industrial-investment-market-volume-2025-133572 Arizona attracted the most industrial investment dollars in 2025 among U.S. states, according to Avison Young’s industrial investment tracker. jessica.beebe@bisnow.com Mon, 09 Mar 2026 17:01:51 -0400 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/data-center/scottsdale-developer-data-center-site-mixed-use-project-133507 https://www.bisnow.com/phoenix/news/data-center/scottsdale-developer-data-center-site-mixed-use-project-133507 Scottsdale-based developer Vintage Partners has scrapped its plans for a data center in greater Phoenix, opting instead to use the same site for a huge mixed-use project, according to the Phoenix Business Journal. jessica.beebe@bisnow.com Wed, 04 Mar 2026 14:27:51 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/construction-development/lge-design-build-market-optimism-phoenix-studiob-133343 https://www.bisnow.com/phoenix/news/construction-development/lge-design-build-market-optimism-phoenix-studiob-133343 After a period of caution, construction in Phoenix is enjoying a burst of activity and optimism, said Josh Rogers, design-build executive at construction firm LGE Design Build. With construction materials and labor costs no longer on the rise, and a broader... marynia.kruk@bisnow.com Fri, 20 Feb 2026 15:58:15 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/industrial/bnsf-railway-co-begins-construction-but-still-waiting-on-plan-approval-133457 https://www.bisnow.com/phoenix/news/industrial/bnsf-railway-co-begins-construction-but-still-waiting-on-plan-approval-133457 BNSF Railway has started site work on land earmarked for a $3.2B project in Wittmann, a rural unincorporated community in the Northwest Valley of the Phoenix metro area.BNSF began work even as it awaits local approval of the revised development plan... jessica.beebe@bisnow.com Mon, 02 Mar 2026 10:28:56 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/healthcare/healthcare-tenants-can-look-to-office-to-medical-conversions-133379 https://www.bisnow.com/phoenix/news/healthcare/healthcare-tenants-can-look-to-office-to-medical-conversions-133379 As medical office building construction shrinks to its lowest levels in a decade, developers are eying vacant office space to repurpose for healthcare use. However, just as with office-to-multifamily conversions, there can be significant restrictions... jessica.beebe@bisnow.com Tue, 24 Feb 2026 16:48:42 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/national/news/industrial/ice-warehouses-38-billion-trammell-crow-blue-owl-rockefeller-group-133346 https://www.bisnow.com/national/news/industrial/ice-warehouses-38-billion-trammell-crow-blue-owl-rockefeller-group-133346 The eternal question of real estate investing — to sell or not to sell? — has perhaps never been harder to answer for owners of empty U.S. warehouses.  The federal government plans to spend $38.3B to acquire industrial buildings and convert them... ethan.rothstein@bisnow.com Sun, 22 Feb 2026 09:24:30 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/mixed-use/arizona-cardinals-break-ground-on-new-phoenix-facility-133350 https://www.bisnow.com/phoenix/news/mixed-use/arizona-cardinals-break-ground-on-new-phoenix-facility-133350 A new Phoenix training facility for the Arizona Cardinals promises to be a significant upgrade from the team's existing training facility in Tempe.  jessica.beebe@bisnow.com Mon, 23 Feb 2026 11:01:58 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/hotel/hotel-proposed-near-taiwan-semiconductor-manufacturing-co-in-phoenix-133300 https://www.bisnow.com/phoenix/news/hotel/hotel-proposed-near-taiwan-semiconductor-manufacturing-co-in-phoenix-133300 A proposal to build a new extended-stay Hyatt Studios hotel near the entrance to the Taiwan Semiconductor Manufacturing Co. campus in northern Phoenix has cleared a potential zoning hurdle and appears to be in the final steps toward receiving approval.  jessica.beebe@bisnow.com Wed, 18 Feb 2026 16:16:39 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/office/silver-creek-acquires-rebrands-150k-sf-office-building-in-asus-mixed-use-district-133264 https://www.bisnow.com/phoenix/news/office/silver-creek-acquires-rebrands-150k-sf-office-building-in-asus-mixed-use-district-133264 A Class-A office building that is part of the Novus Innovation Corridor has traded hands.  jessica.beebe@bisnow.com Tue, 17 Feb 2026 13:11:32 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/industrial/ice-acquires-massive-warehouse-in-phoenix-metro-area-133123 https://www.bisnow.com/phoenix/news/industrial/ice-acquires-massive-warehouse-in-phoenix-metro-area-133123 U.S. Immigration and Customs Enforcement has acquired a 418K SF warehouse in Surprise, Arizona, according to Maricopa County property records, KOLD reported. The $70M cash sale of the facility, which sits near Sweetwater Avenue and Dysart Road, was one... jessica.beebe@bisnow.com Mon, 09 Feb 2026 11:28:44 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/office/fully-leased-tempe-office-building-sells-as-vacancy-rates-in-phoenix-metro-fall-133057 https://www.bisnow.com/phoenix/news/office/fully-leased-tempe-office-building-sells-as-vacancy-rates-in-phoenix-metro-fall-133057 A fully leased office building is something of a rarity in many markets in the current hybrid work climate, but one just sold in the strongest office submarket in Metro Phoenix.  A Tempe office building at Hohokam Court was acquired last month for $11.7M,... jessica.beebe@bisnow.com Wed, 04 Feb 2026 08:37:24 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/transportation/phoenix-alters-light-rail-plan-halting-extension-to-capitol-132978 https://www.bisnow.com/phoenix/news/transportation/phoenix-alters-light-rail-plan-halting-extension-to-capitol-132978 The Phoenix City Council voted on Jan. 27 to halt a planned light rail extension to the Arizona state capitol, opting to prioritize an alternate route along the West Phoenix corridor, Axios reported. jessica.beebe@bisnow.com Thu, 29 Jan 2026 11:17:12 -0500 Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) Bisnow (https://www.bisnow.com) https://www.bisnow.com/phoenix/news/retail/arizona-scoops-up-3-frozen-yogurt-chain-locations-132924 https://www.bisnow.com/phoenix/news/retail/arizona-scoops-up-3-frozen-yogurt-chain-locations-132924 The New York-based frozen yogurt chain 16 Handles is expanding into metro Phoenix, Hoodline reported. The company announced it is planning three new froyo shops in the area. The first opening is planned for the spring in south Chandler, followed by locations... jessica.beebe@bisnow.com Tue, 27 Jan 2026 14:15:42 -0500