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Industrial activity ramps up in Mesa; plus 6 other Valley real estate deals to know
Industrial activity is increasing in Mesa, highlighted by significant acquisitions led by Blue Owl Capital and J.P. Morgan Asset Management. The report details multiple high-value deals in Tolleson, Mesa, and the Deer Valley area, indicating a robust investment climate in the industrial sector.
Electronics distributor Avnet moves into 156,000-square-foot Tempe office
Electronics distributor Avnet has relocated to a newly renovated 156,000-square-foot office in Tempe. The building, located at 2150 E. Warner Road, will accommodate over 500 employees.
Consumer sentiment falls in August after months of increases
Consumer sentiment experienced a decline in August after several months of increases. The downturn was observed across most metropolitan areas, highlighting the disparities in economic experiences due to the K-shaped recovery.
Microchip completes acquisition of AI chip firm as it expands edge computing push
Microchip Technology has completed its acquisition of Israeli AI chip firm Hailo, enhancing its capabilities in specialized AI processors for robotics and edge computing devices. The merger was initially announced in July, marking a significant step in Microchip's expansion strategy.
Critical minerals CEO: Company in growth mode after Arizona tech manufacturer acquisition
Principal Mineral, based in Dallas, has successfully integrated its Chandler facility with its South Carolina copper foil operation. The CEO indicated that the company is in a growth phase, with potential expansion plans anticipated in the next six to twelve months.
American Airlines to anchor future $4 billion terminal at Phoenix Sky Harbor
American Airlines is set to anchor a new $4 billion terminal at Phoenix Sky Harbor, known as the West Terminal. The terminal will be located between Terminal 3 and the rental car center, with construction anticipated to begin in late 2029.