ALTR, a pioneering beverage technology company, announced the successful completion of a $5 million seed funding round to commercialize its groundbreaking alcohol removal technology. The company's proprietary "Flavor-First" process enables the creation of premium low-alcohol drinks that maintain the full sensory experience. Backed by leading investors in the … [More]
Arizona Developer Doubles Down on Growth, Adds Investment-Sales Team
At a time when many brokerages are downsizing, Diversified Partners, a Scottsdale commercial real estate brokerage and development firm, is doubling down on growth by bringing in top-tier talent to lead a new chapter of collaboration and services. The firm proudly announced the launch of its first dedicated investment-sales team, expanding its capabilities and deepening its … [More]
Developer Announces 360,000-SF Office Project in Scottsdale
Phoenix-based developer George Oliver, in partnership with Ascentris, has launched plans for Arbor Old Town, a new luxury office redevelopment in the heart of Old Town Scottsdale. Spanning more than 360,000 square feet across three buildings and six acres at the prominent corner of Scottsdale and Indian School roads, the project will introduce the district’s first … [More]
Small Business Optimism Remains Steady in June
The NFIB Small Business Optimism Index remained steady in June, edging down 0.2 of a point to 98.6, slightly above the 51-year average of 98. A substantial increase in respondents reporting excess inventories contributed the most to the decline in the index. The Uncertainty Index decreased by five points from May to 89. Nineteen percent of small business owners reported taxes … [More]
Phoenix Children’s Announces New President and CEO
Phoenix Children’s, one of the nation’s fastest-growing pediatric healthcare systems, announced the appointment of John R. Nickens IV as its next President & Chief Executive Officer, following the planned retirement of long-serving President & CEO Robert L. Meyer. Nickens will assume leadership of the organization no later than Oct. 1, 2025, bringing with him a … [More]
Arizona-Made EV Sets World-Record for Longest Journey on a Single Charge
Lucid Group, Inc., maker of the world’s most advanced electric vehicles, set a new GUINNESS WORLD RECORDS title for the longest journey by an electric car on a single charge. Covering an incredible range of 1,205 kilometers (~ 749 miles) without charging, the Lucid Air Grand Touring1 conducted its record-breaking journey between St. Moritz, Switzerland and Munich, Germany, … [More]
Arizona-Based Expert Has Stepped Into Key Leadership Role at NAPIA
As insurance claims continue to dominate national headlines, one Arizona-based expert has stepped into a key leadership role. Justin R. Skipton, AIC, SPPA, was officially elected President of the National Association of Public Insurance Adjusters (NAPIA), during the association's 75th Annual Meeting held at the Westin Kierland Resort & Spa. The milestone conference … [More]
Housing Market at a Crossroads: Inventory Climbs but Some Sellers Hold Out
The Realtor.com June Housing Trends Report reveals a new stand-off between buyers and sellers in today's evolving real estate landscape. While active inventory climbed 28.1% year-over-year to hit a fresh post-pandemic high, some homeowners are choosing to pull their listings from the market. In May, delistings rose 47% from a year ago, and have trended 35% higher year-to-date. … [More]
Harkins Launches New Entertainment Center Concept in North Phoenix
Harkins Theatres, Arizona’s homegrown movie theatre company, announces the grand opening of their newest concept, the Harkins BackLot, an all-new family entertainment center at The Shops at Norterra in North Phoenix. Inspired by the legendary Hollywood studio backlots where movie magic is made, Harkins BackLot features a dynamic mix of fun, food and interactive … [More]
Scottsdale Fitness Studio Announces Expansion, Adds to Concept
Barry’s, the global fitness phenomenon known for “The Best Workout in the World™,” is leveling up its Scottsdale experience by bringing its strength-focused LIFT modality to the studio. The new 17-spot space is purpose-built for Barry’s signature strength-training format and is set to complement the iconic Red Room experience that has redefined high-intensity group fitness … [More]
Downtown Phoenix’s Anhelo Moves to New Scottsdale Location
Anhelo, the fine-dining restaurant initially opened in downtown Phoenix, has found a new home in Old Town Scottsdale. Anhelo opened its new location at 7007 E. 1st Ave. “When the opportunity arose for us to bring Anhelo to Scottsdale, I wanted to recreate what I had originally developed in downtown Phoenix but with a new direction more suited for the Old Town crowd,” said … [More]
New Zoning Ordinance Addresses Data Center Concerns
The Phoenix Mayor and City Council approved updates to modernize the City's Zoning Ordinance to add data centers as a permitted use that must address health and safety concerns when applying for a special permit for construction. As Phoenix continues to flourish as a hub for high-tech jobs and industry, these updates establish requirements and a framework to address health and … [More]
TSMC Arizona Sees Leadership Transition amid U.S. Expansion
Taiwan Semiconductor Manufacturing Company, the world's largest contract chipmaker, announced a significant leadership change at its key U.S. subsidiary, TSMC Arizona Corporation. This development comes as the company continues to advance its ambitious manufacturing presence in the United States. Effective July 1, 2025, Rick Cassidy stepped down from his roles as a Director … [More]
Microchip Names Longtime Leader as Permanent CEO
Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, announced that Steve Sanghi has agreed to continue to serve as the company’s Chief Executive Officer and President on a permanent basis. Mr. Sanghi had been serving in such roles on an interim basis since November 2024. Mr. Sanghi will also continue to serve as … [More]
APS Partnership Launches Battery Storage Project
Recurrent Energy, a subsidiary of Canadian Solar Inc. , and a leading global developer, owner, and operator of solar and energy storage assets, announced that the 1,200 MWh Papago Storage facility in Maricopa County, Arizona, has reached commercial operation. The project is now dispatching stored energy to Arizona Public Service (APS), the state's largest electric utility, in … [More]
Inventory Stagnates as Phoenix Condo Sales Slide More Than 30%
The median U.S. condo sale price fell 2.2% year over year to $354,100 in May—the second largest drop in records dating back to 2012. That’s according to a new report from Redfin, the technology-powered real estate brokerage. The only time condo prices posted a larger year-over-year decline was in April 2023 (-2.9%), and that was largely because roughly one year prior, prices … [More]
AZ Blue Donates $80K to Support U of A Health Student Training
Ten students are getting a closer look at how care works beyond the clinic – thanks to an $80,000 gift from Blue Cross Blue Shield of Arizona Health Choice. The gift supports the Bridge Fellowship Program offered through the Mel and Enid Zuckerman College of Public Health at the University of Arizona Health Sciences. This program helps students learn how public care, like … [More]
Job Openings Remain a Challenge for Main Street in June
NFIB’s June jobs report found that 36% (seasonally adjusted) of small business owners reported job openings they could not fill in June, up two points from May. “Despite the slowing labor market, many small business owners are still looking to attract applicants and hire for their open positions,” said Chief Economist Bill Dunkelberg. “Compensation pressures remain strong … [More]
