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Arizona Business

Formation Interests and Crescent Real Estate LLC broke ground on phase two of Formation Park 10, an industrial development in Goodyear, last week.

Work progresses on industrial development near Buc-ee’s in Goodyear

The Old Town Tortilla Factory, a Scottsdale fixture for 30 years, has closed for good.

Old Town Tortilla Factory closes for good after 30 years in Scottsdale

Phoenix, Arizona, Construction of the TSMC Arizona semiconductor manufacturing complex. The Taiwanese company is investing $165 billion in multiple plans on the 900 acre site. (Photo by: Jim West/UCG/Universal Images Group via Getty Images)

Taiwan to open Phoenix cultural office amid TSMC growth

Council members wanted clarity on the indoor rainforest's water usage, waste and how the extreme heat would impact animals.

HELENA WEGNER/PHOENIX BUSINESS JOURNAL

Indoor rainforest project near Scottsdale put on hold after tribal council delays vote

The 20,544-square-foot building, situated on roughly 2.37 acres in Mesa at 4220 E. McDowell Road, was completed in 2006.

Mesa industrial property sells for $5.25 million

Construction broke ground on The Collective on Ocotillo, a medical office condominium development, in Queen Creek on Tuesday, commercial real estate firm Kidder Matthews announced.

Construction begins on $20.1M medical office condominium development in Queen Creek

Creation, an Arizona real estate development firm, announced Tuesday that construction of the Nexus Commerce Center industrial park in Tempe has been completed.

Developer announces completion of Nexus Commerce Center industrial park in Tempe

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DAVID VEENSTRA | Aug 1, 2026
2 contemporary fashion brands to make Arizona debuts at Scottsdale Quarter

New York-based Hill House Home and Los Angeles-based L’AGENCE have signed lease agreements at Scottsdale Quarter.
HELENA WEGNER/PHOENIX BUSINESS JOURNAL | Aug 1, 2026
Great Wolf Lodge looks to expand resort with additional tower

Great Wolf Lodge resort owners are seeking to build a connecting six-story suite tower that would have 24 guest suites, each with three bedrooms.
BRANDON BROWN/PHOENIX BUSINESS JOURNAL | Jul 31, 2026
Bygone mall favorite Hot Dog on a Stick plans return to Arizona

New ownership is in lease negotiations to bring Hot Dog on a Stick back to the Valley for at least six different sites.
DAVID IVERSEN | Jul 30, 2026
Phoenix tourism hits record $13.4 billion in visitor spending in 2025

The Phoenix metro welcomed 47.7 million visitors in 2025, with total economic impact reaching $23.6 billion, a Tourism Economics report found.
KEVIN STONE | Jul 29, 2026
Arizona cattle rancher says it will take years to replenish herds

Tim Petersen said reopening the southern border ports of entry to livestock is a step in the right direction.
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SERENA O'SULLIVAN | Jul 29, 2026
Filipino grocery chain Seafood City hosting grand opening with freebies in Chandler

The 65,000-square-foot international supermarket and food court at Chandler Fashion Square will sell more than 10,000 items from around the world.
DAVID IVERSEN | Jul 28, 2026
Arizona unemployment rises despite faster job growth

Economist Zach Milne says Arizona’s 4.9% unemployment rate may reflect more workers entering the labor market as key sectors add jobs.
DOUGLAS SANTO | Jul 27, 2026
Arizona Boardwalk breaks ground on new Hyatt Place Hotel at Talking Stick Resort

The new hotel will be next to the Arizona Boardwalk and minutes from Talking Stick Resort and Golf Club, iFLY Indoor Skydiving and other attractions.
DOUGLAS SANTO | Jul 27, 2026
Arizona events give residents chance to adopt trained, untrained wild burros

The Bureau of Land Management will have three events for residents to adopt wild burros over the next three weeks.
DAVID VEENSTRA | Jul 26, 2026
Construction begins on 1.1 million-square-foot warehouse in Phoenix

The warehouse development sits on 75 acres in Tolleson’s Estrella Park neighborhood, offering direct three-minute access to Interstate 10.
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HELENA WEGNER/PHOENIX BUSINESS JOURNAL | Jul 25, 2026
Ice cream shop moving into historic Tempe home after $500K city restoration

Novel Ice Cream plans to launch its third brick-and-mortar location at the 123-year-old Harry Walker House, which now sits on Fifth Street next to Tempe City Hall.
DAVID VEENSTRA | Jul 23, 2026
Tempe Marketplace welcomes 5 additions, including newly opened Carhartt

Carhartt has opened a 6,000-square-foot space at Tempe Marketplace, marking its first stand alone retail location in the Phoenix metro area.
KEVIN STONE | Jul 20, 2026
Judge in case brought by Arizona, 11 other states temporarily blocks Paramount-Warner merger

The federal judge issued a temporary restraining order to put the blockbuster deal on hold while considering the 12-state coalition’s request for a preliminary injunction in the case.
AMY EDELEN/PHOENIX BUSINESS JOURNAL | Jul 20, 2026
Boeing plans Mesa military manufacturing campus expansion

Boeing’s proposed fabrication center will be built adjacent to the company’s existing 158,000-square-foot manufacturing facility on its Mesa campus.
HELENA WEGNER/PHOENIX BUSINESS JOURNAL | Jul 19, 2026
Huge industrial park planned on Salt River Pima-Maricopa Indian Community land

Los Angeles-based Majestic Realty Co. has signed a 99-year ground lease for a nearly 1 million-square-foot project on the Salt River Pima-Maricopa Indian Community.
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ANGELA GONZALES/PHOENIX BUSINESS JOURNAL | Jul 17, 2026
New owners of Club West Golf Course shop the site; D.R. Horton eyes 162-acre parcel

On May 29, Community Harmony Coalition paid $2.1 million for Club West Golf Club in Ahwatukee. The property is now being listed by Scottsdale-based Nathan & Associates Inc.
KEVIN STONE | Jul 17, 2026
Phoenix mayor says TSMC’s $265 billion investment is historic on multiple levels

Kate Gallego called the chipmaker's financial commitment in her city the "largest single economic development investment in our country's 250-year history."
KEVIN STONE | Jul 16, 2026
TSMC announces additional $100 billion investment in Arizona operations

Phoenix Mayor Kate Gallego celebrated the announcement, calling it “incredible news.”
KYLIE WERNER | Jul 15, 2026
Lululemon, others set to open at Phoenix’s PV development

Lululemon, a company known for its technical athletic apparel, footwear and accessories, is opening a store in the redeveloped former Paradise Valley Mall area.
KEVIN STONE | Jul 13, 2026
Arizona joins antitrust lawsuit in attempt to block Paramount-Warner merger

Arizona joined a 12-state coalition in an antitrust lawsuit opposing the blockbuster merger of entertainment heavyweights Paramount and Warner Bros. Discovery.
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SERENA O'SULLIVAN | Jul 13, 2026
Arizona retailers are already preparing for Christmas; AI may decide what ends up on shelves

Retailers have already started stocking up for Christmas — and one Arizona professor says tariffs and AI forecasting could determine your options.
HAILEY MENSIK/PHOENIX BUSINESS JOURNAL | Jul 13, 2026
3-building industrial park proposed for space near TSMC campus in north Phoenix

Phoenix-based Dimension Financial Realty and Investments is proposing a new three-building spec industrial park near TSMC's north Phoenix campus.
HELENA WEGNER/PHOENIX BUSINESS JOURNAL | Jul 12, 2026
Construction firm leases large building in Phoenix’s Camelback Corridor, plans to make it regional HQ

Construction firm McCarthy Building Cos. has plans to move its regional headquarters next year to Phoenix's Camelback Corridor.
DOUGLAS SANTO | Jul 11, 2026
Attorney buys midtown Phoenix office building for $6.8 million

Attorney Maryam Parman recently bought a midtown Phoenix two-story office building for $6.8 million.
HAILEY MENSIK/PHOENIX BUSINESS JOURNAL | Jul 11, 2026
Valley-based developer buys land in Peoria with plans for project featuring a ‘specialty grocer’

Scottsdale-based SimonCRE is buying a Peoria property for a commercial project that “will feature a specialty grocer.”