Walmart pays record $152 million for Luke Field building
Full-service commercial real estate firm Lincoln Property Company (Lincoln) and Goldman Sachs today announced the sale of the 1.27 million-square-foot “Building C” industrial building at Luke Field to a Fortune 500 company.…
Cognite, the global leader in industrial AI, today announced the official grand opening of its new global headquarters in Tempe, Arizona. The relocation from Oslo, Norway marks a milestone in…
As data center development accelerates to support AI, cloud, and digital services, Americans are sending a clear message: they are not opposed to living near data centers. They simply want…
Following the conclusion of World War II, the U.S. government began shuttering military installations across the country, including the Yuma Army Airfield. Wanting to show that Yuma’s sunny weather could…
XNRGY Climate Systems, a leading North American manufacturer of sustainable liquid and air-cooling technologies as well as control systems, celebrated the grand opening of its Mesa 1 manufacturing facility with…
Amkor Technology, a leading provider of semiconductor packaging and test services, today announced the groundbreaking and expanded planned investment of its new state-of-the-art outsourced semiconductor advanced packaging and test campus…
Despite Phoenix industrial construction activity continuing to slow down in 2025, 11.9 million square feet remain in the pipeline, helping Phoenix remain a well-positioned market for industrial tenants, according to…
Opus announced that EFP, LLC has signed a lease for the second of two buildings at The Confluence in Casa Grande, Arizona. The Confluence, located at 1341 and 1371 South Sunland Gin…
CBRE facilitated the $167.85 million sale of an 889,352 square-foot industrial portfolio, which includes 46 buildings across eight parks in the Phoenix metro. BKM Capital Partners acquired the portfolio from…
Metro Phoenix ranks second in the data center development pipeline, according to the new JLL North America Data Center Report – Midyear 2025. This places the Valley in a prime position…
DPC Companies recently broke ground on Chandler Innovation Park, a three-building industrial park that will offer approximately 327,776 square feet of premier industrial space. The 21-acre site at the northeast…
Phoenix ranks fifth nationally among the markets with the largest share of the top 100 industrial leases in the first half of 2025, according to a new report from CBRE. Phoenix…