Less than a year after entering the Phoenix metro, Shopoff Realty Investments has another big East Valley project in the works.
Shopoff paid $70 million to acquire the land from Arizona Dairy Co., according to real estate database Vizzda. “This property is located in a burgeoning employment hub with increasing demand for manufacturing space,” said William Shopoff, the firm's president and CEO, in a statement. “We plan to work closely with the city to annex the property into the city of Mesa, and subsequently entitle the property for manufacturing use, in order to meet market demands.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Town south of Phoenix approves rezoning 1,600 acres for potential industrial development - Phoenix Business JournalThe massive site is located close to the proposed LG Energy Solution battery plant and sites eyed by such companies as Samsung and Rivian.
Source: phxbizjournal - 🏆 254. / 63 Read more »
American Airlines adds a new international flight from Phoenix to Mexico - Phoenix Business JournalBefore the pandemic, the city of Phoenix, which owns Sky Harbor, said international flights had an annual economic impact on the Valley of $3 billion. The airline expects this flight to attract business and leisure travelers.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Bezos, Iger, Ellison among suspected Phoenix Suns buyers - Phoenix Business JournalAfter Robert Sarver announced he will sell his majority share of the Phoenix Suns and Mercury, many media outlets are speculating on who may be the frontrunner to buy the teams.
Source: phxbizjournal - 🏆 254. / 63 Read more »
First look: Deloitte's new Tempe office opens at 100 Mill - Phoenix Business JournalDeloitte's Arizona marketplace leader and managing partner said the firm's new Tempe space on the 18th and top floor at 100 Mill embodies more of a center or community hub. Besides having impressive views of Tempe Town Lake, the space has a variety of workspaces and meeting rooms for employees.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Raytheon (RTX), Northrop Grumman (NOC) win huge hypersonic missile contract - Phoenix Business JournalThe air-launched hypersonic cruise missile will be the first of its kind. The contract calls for the companies' Arizona teams to design, develop and deliver the missile by March 2027. Here's how the work will be split up.
Source: phxbizjournal - 🏆 254. / 63 Read more »
More retail buildings planned for infill parcels, vacant sites in Peoria and Surprise - Phoenix Business JournalHundreds of thousands of square feet of retail space is being proposed for fast-growing master-planned communities in the northwest Valley. Here's some of the latest projects planned for the area.
Source: phxbizjournal - 🏆 254. / 63 Read more »