General Phoenix Metro Discussion Thread

[locolife]

Originally Posted by BA744PHX

His company isn’t doing so good, from 2021-2022 his company dropped revenue from 2.9 billion to 2.4 billion and its 2023 revenue by year is waited at 2.0 billion. I would be more worried about the ownership of the Suns & Mercury if this trend continues

https://investors.uwm.com/news-and-event...ter--Full-Year-2022-Results/default.aspx

https://www.macrotrends.net/stocks/charts/UWMC/uwm-holdings/income-statement?freq=A

What? This is UWMs Q3 results. Their earnings we're negative in Q3'22 but 2023 has been a great year for profits. Look for more investment in the Suns/Mercury at this rate.

- Q3 2023 UWM Holdings Corporation beats earnings expectations. Reported EPS is $0.15, expectations were $0.05.
- Originations of $29.7 billion in 3Q23, compared to $31.8 billion in 2Q23 and $33.5 billion in 3Q22
- Adjusted EBITDA of $112.1 million in 3Q23 compared to $125.4 million in 2Q23 and $(1.4) million in 3Q22
- Total equity of $3.1 billion at September 30, 2023, compared to $2.9 billion at June 30, 2023, and $3.4 billion at September 30, 2022

[Obadno]

Story about our manufacturing boom:

https://www.bizjournals.com/phoenix/news/2024/01/09/phoenix-manufacturing-growth-newmark.html

Phoenix ranked No. 1 in nation for manufacturing growth, report says

The diversification of the Phoenix economy has set up the region to be a top landing spot for major manufacturing announcements totaling $100 Billion or more, bringing nearly 15,000 new jobs to the Valley in the coming years...

Can anyone post the whole thing?

I dont care what anyone says, manufacturing is the basis for a healthy middle class economy.

[muertecaza]

Originally Posted by Obadno

Story about our manufacturing boom:

https://www.bizjournals.com/phoenix/news/2024/01/09/phoenix-manufacturing-growth-newmark.html

Phoenix ranked No. 1 in nation for manufacturing growth, report says



Can anyone post the whole thing?

I dont care what anyone says, manufacturing is the basis for a healthy middle class economy.

Highlights:

Phoenix is the top market for manufacturing growth thanks to at least 14 major announcements that have been made in the region since 2020.

Metro Phoenix was ranked No. 1 out of the 15 top growth markets for largest projected job gains by global real estate firm Newmark Group Inc. in its latest manufacturing report, which identified the largest growth markets in large, medium and small metros.

Nearly 15,500 jobs have been promised as part of the major manufacturing developments coming to the Valley, which topped the nation for both projected jobs added and manufacturing announcements in excess of $100 million, according to Newmark research.

Elizabeth Berthelette, author of the Newmark report, said Phoenix has a long history in advanced manufacturing with companies such as Intel and Honeywell over the past 50-plus years.

"Having that basis of skill-level, other facilities, other types of companies doing similar things — R&D, highly-skilled manufacturing and production — has really continued to attract new announcements," she said. "It's the business climate, economic climate, less expensive power, more development opportunities."

The resurgence of manufacturing in the United States has brought a host of companies to Arizona, including technology giants Taiwan Semiconductor Manufacturing Co. and LG Energy Solution. The average square footage of mega investments is 1.45 million square feet, while the average manufacturing lease has averaged about 45,000 square feet, according to Newmark.

Bob Hess, a site selector who is vice chairman of global strategy for Newmark, said Phoenix's past reputation as a bland hub of call centers and insurance firms as well as companies exiting California, was a precursor to the growth the region is now seeing. Because of a concerted effort by leaders to diversify the economy and a major network of universities and community colleges, more companies now want to relocate to the Valley...

Newmark found that the Phoenix market had nearly 75,000 advanced manufacturing workers as of 2023, although finding the labor to fill the new jobs will be a challenge across all markets...

High-tech and digitalization such as semiconductors, automotive and transportation, energy and biomanufacturing are four of the main manufacturing sectors driving much of the growth.

In Q3 2023, the manufacturing sector made up nearly 12% of the industrial inventory under construction in metro Phoenix, according to Newmark. In Austin, another major industrial market, manufacturing made up 13.5% of projects under construction in the same time period...

And here is the report on which the article is based: https://www.nmrk.com/insights/thought-le...entum-scaling-for-success-in-key-markets

[combusean]

Delays in the second phase of TSMC, but the first phase appears to be on track for a first half of 2025 opening.

https://www.tomshardware.com/tech-indust...s-lack-of-us-subsidies-and-waning-demand

[Obadno]

Originally Posted by combusean

Delays in the second phase of TSMC, but the first phase appears to be on track for a first half of 2025 opening.

https://www.tomshardware.com/tech-indust...s-lack-of-us-subsidies-and-waning-demand

At the last update the full TSMC campus will be 6 fabs like 100 billion in investment and construction right through 2030 so none of this is really surprising.

[Obadno]

Can anyone post the guts of this article please!

https://www.bizjournals.com/phoenix/news/2024/01/19/phoenix-projects-to-watch-2024.html

[phxjack]

Originally Posted by Obadno

Can anyone post the guts of this article please!

https://www.bizjournals.com/phoenix/news/2024/01/19/phoenix-projects-to-watch-2024.html

Projects Set to Deliver in 2024:

One Camelback: An office-to-residential conversion in Uptown Phoenix, nearing completion.
Nestlé USA Glendale Project: A significant manufacturing plant in Glendale, expected to open in 2024.
VAI Resort and Mattel Adventure Park: A $1 billion development in Glendale, anticipated to open by end of 2024.
Projects Expected in the Next 1-5 Years:

Manufacturing Plants: Including Procter & Gamble in Coolidge and Kohler Co. in Casa Grande.
North Scottsdale Developments: Like One Scottsdale and ASM America Inc.'s new headquarters.
Amkor Technology: A semiconductor packaging and testing campus in Peoria.
Long-Term Projects:

Taiwan Semiconductor Manufacturing Co. Complex in North Phoenix, starting production in 2025.
Intel's Expansion in Chandler.
South Pier Mixed-Use Project at Tempe Town Lake, with a 15-year buildout plan.
Projects Still Up in the Air:

Hydrogen Plants in the West Valley.
BNSF Railway Co.’s Logistics Hub.
New Office Headquarters like Discount Tire Co.'s and Republic Services Inc.'s in Phoenix.
Mall Redevelopments:

Transformations of Metrocenter, Paradise Valley Mall, and Fiesta Mall into mixed-use spaces.
Additional Notable Projects:

Data Center Developments: A significant increase in data center capacity in the Valley.
Experiential Retail in Scottsdale: Including new developments like Reverb by Hard Rock at The Sydney.
Verrado Marketplace in Buckeye.
Central Station Mixed-Use Development in downtown Phoenix.
The Astra Tower: A mixed-use development in downtown Phoenix.
Redevelopment of CrackerJax into The Parque: A $1 billion-plus mixed-use development in Scottsdale.
Camelback Corridor Developments: Including renovations and new constructions in office spaces.

[PHX31]

Originally Posted by phxjack

Projects Still Up in the Air:

New Office Headquarters like Discount Tire Co.'s and Republic Services Inc.'s in Phoenix.

Additional Notable Projects:

The Astra Tower: A mixed-use development in downtown Phoenix.

Where are the new office headquarters for Discount Tire and Republic Services supposed to be?

At least Astra was mentioned.

[TheSpud0]

Originally Posted by PHX31

Where are the new office headquarters for Discount Tire and Republic Services supposed to be?

Discount Tire looks to be in North Phoenix/Scottsdale near the 101 and Route 51. Not sure where Republic Services will be.

acquisition of 35 acres located near Loop 101 and State Route 51.

https://www.prnewswire.com/news-rele...301710373.html

[xymox]

Originally Posted by PHX31

Where are the new office headquarters for Discount Tire and Republic Services supposed to be?

Quite an interesting location - they are extending Mayo west of Tatum and up to L101 (and possibly across to the north side...) - SE corner of L101/SR51. The land is along Mayo west of Tatum - kind of back by the MIM. Opens up a whole new area to develop over there.

[locolife]

A few crappy mobile phone quality images recently. If we end up with around 15-20 new towers in the next growth cycle the gap between downtown and midtown will probably cease to exist.

[PHX31]

/\Thanks for the pics. That first one really shows the progress that's been made in northern downtown. The 2nd one makes me really really want Astra to be built.

[Obadno]

https://maps.mcassessor.maricopa.gov/

County assessor has new photofraphy!

[combusean]

Aimlessly driving around Streetview and I find my way in The Grand at Papago Plaza...



What if we were more serious about upzoning the canal corridors?

[Buckeye Native 001]

locolife where was that second skyline pic taken? I've tried in vain trying to find a good spot from that vantage point that didn't require me to be a passenger in a moving vehicle with the windows rolled down driving on the stack...

[locolife]

Originally Posted by Buckeye Native 001

locolife where was that second skyline pic taken? I've tried in vain trying to find a good spot from that vantage point that didn't require me to be a passenger in a moving vehicle with the windows rolled down driving on the stack...

Well you nailed how I took that photo, which is why I think it sucks and doesn’t capture the full skyline effect you get from this angle when driving into the city. I went on a few taller rides at the fair last year hoping to get a good angle but it wasn’t the right distance and angle so I ended up with obstructions.

I can’t think of any taller buildings or natural terrain in the same proximity as the stack to give a long photo opportunity. Maybe going during rush hour could work if traffic is very slow or stopped.

[Obadno]

Originally Posted by locolife

Well you nailed how I took that photo, which is why I think it sucks and doesn’t capture the full skyline effect you get from this angle when driving into the city. I went on a few taller rides at the fair last year hoping to get a good angle but it wasn’t the right distance and angle so I ended up with obstructions.

I can’t think of any taller buildings or natural terrain in the same proximity as the stack to give a long photo opportunity. Maybe going during rush hour could work if traffic is very slow or stopped.

We need a brave Photographer to throw their hazards on and park on the flyover ramp to snag a few

[Buckeye Native 001]

I've gone to the top row of the football stadium at Phoenix College trying to get a decent shot but it's a little too far north and not far enough west to really capture the breadth of the Skyline.

There's also a parking garage by the Department of Education Building but I've only gotten access to that because I was attending trainings at the Supreme Court. My unicorn shot is somewhere northwest of Downtown near the fairgrounds.

[locolife]

Originally Posted by Buckeye Native 001

I've gone to the top row of the football stadium at Phoenix College trying to get a decent shot but it's a little too far north and not far enough west to really capture the breadth of the Skyline.

There's also a parking garage by the Department of Education Building but I've only gotten access to that because I was attending trainings at the Supreme Court. My unicorn shot is somewhere northwest of Downtown near the fairgrounds.

Yeah, that's the rough area I think has the best view too. I'm guessing a drone is the best way to go which is I think how this shot was taken, kind of from the same area we're talking about (NW of the city). I don't have one nor do I know the rules about them, probably won't ever have one but if someone on the forum does I'm all for it.

I think the library is missing out big time on a rooftop observation/event space overlooking the skyline. I could be wrong but I think from the roof it has to be an amazing view south and even north/east.

https://www.istockphoto.com/photo/phoeni...wn-skyline-aerial-gm1384896175-443958538

This one is pretty sweet too and stands to get a lot better with the location of new towers going in now.

https://www.istockphoto.com/photo/phoeni...wn-skyline-aerial-gm1307053758-397445951

[Buckeye Native 001]

When I lived with my parents in Ahwatukee but worked at Park Central back in the late 2000s, I used to spend time on the fifth floor of the library after work just to watch the sunsets on the skyline while waiting for traffic on the 10 to die down during rush hour. The amount of development since then should make for an even better view.