TUCSON--The nation's largest retailer, Wal-Mart, is fighting back against regulations the company says favors local grocery store operators and has filed suit to overturn development restrictions.

PHOENIX--One of the largest hospital companies in the country plans to build a $30-million hospital in the far East Valley and is in final site selection phase.

PHOENIX--The city of Tempe has granted a California developer a 90-day extension to complete an agreement to build a $48-million aquatic center on the shores of Tempe Town Lake.

PHOENIX-A long-awaited third runway opened on Thursday at Phoenix Sky Harbor International Airport, the fifth busiest airport in the nation. The runway is expected to help ease delays.

SCOTTSDALE, AZ-One of the biggest white elephants in the Valley, a 600,000-sf former mall in the heart of Downtown Scottsdale, is being resurrected as a teleco hotel and office project.<p>

PHOENIX--Once courted by city officials, big-box retailers are now being shunned by several Valley cities that may adopt regulations to restrict size and location of retail stores.

PHOENIX-Scottsdale officials are worried about the $100-million investment of public funds in a $557-million mixed-use project being developed by Steve Ellman and are demanding that he hand over sensitive financial information.

PHOENIX-Compass Bank purchased three former branches of Wells Fargo, expanding its presence in the metropolitan area here in a big way.