Arizona's Commercial Real Estate Is Racing Along

The Phoenix Business Journal reports the Valley's commercial real estate machine is racing along with numerous new projects in the works that will continue to fuel that growth across the Valley.

The region is undergoing so much growth in all areas of real estate, "we are in uncharted waters," referring to a record run of new home construction and price increases, a growing demand for office space and strengthening demand for retail space, says John Schottenstein, chief executive of NAI Horizon.

The article details a list of the major developments that were started in 2005, including the new Chandler Intel Fab 32 plant and the Westgate Cardinals stadium in Glendale. It lists all the major commercial development projects planned for 2006. More...