NFIB’s April jobs report found that 34% (seasonally adjusted) of small business owners reported job openings they could not fill in April, down six points from March, the lowest since January 2021. “Small business owners remained open to hire and grow their workforce in April,” said Chief Economist Bill Dunkelberg. “While the percent of open positions decreased a bit, Main … [More]
Salon Suites Franchise Expands with First Phoenix Location
Sola Salons, the industry leader in supporting independent beauty professionals through private, move-in-ready salon suites, is excited to announce the opening of its newest location in Phoenix, Arizona at 20330 North Cave Creek Road. "We are thrilled to bring the Sola Salons brand to Phoenix," said Scott Thompson, chief development officer of Radiance … [More]
Turmoil Weighs on Tech Jobs Market, Arizona Biggest Month Over Month Increase
Tech hiring intent remains stable at 203,000 new job listings
Tech hiring activity in April felt the weight of ongoing economic uncertainties and mixed market signals, CompTIA, the leading global provider of vendor-neutral information technology (IT) training and certification products, reported today. Tech sector companies reduced staffing by a net 7,000 positions in April, analysis of U.S. Bureau of Labor Statistics … [More]
$225M Development Brings Safeway, Boutique Restaurants, Retail, Hotel and Multifamily to Gilbert
Thompson Thrift, a full-service real estate company engaged in multifamily, mixed-use, industrial and commercial projects across the country, hosted a groundbreaking ceremony on April 30 for The Gilmore, a 35-acre mixed-use development in the Phoenix suburb of Gilbert. "The Gilmore's groundbreaking is an exciting milestone that brings our vision one step closer … [More]
Scottsdale Financial Reporting Co. Acquired by Palo Alto-Based Private Equity Group
Equity Methods, a top-rated provider of valuation, financial reporting, and human resources advisory services related to equity compensation and other complex securities, announced that Palo Alto-based private equity group HGGC has acquired majority ownership of the firm from Montage Partners on April 28, 2025. HGGC, a values-driven, partnership-focused middle-market private … [More]
Infill Industrial Redevelopment Breaks Ground in Tempe, Meeting Demand for High-Efficiency Space
Creation, a Phoenix-based real estate development and alternative investment firm, and LGE Design Build, a premier Southwest design-build firm, announced today the start of construction on Nexus Commerce Center, a 273,000-square-foot Class-A industrial park located at Elliot Road and Hardy Drive in Tempe. To mark the occasion, the developer held a groundbreaking ceremony … [More]
Redevelopment Transforms Vacant, Back-Office Building into High-Tech Manufacturing Facility
Phoenix Rising Investments and Willmeng recently completed work on their AMPlify development at 6505 W. Chandler Blvd. in Chandler. The latest AMPlify project transformed a vacant, back-office building into a high-tech manufacturing facility that has a dedicated 50 MW SRP substation for a Fortune 500 corporation. “On behalf of the City of Chandler, I want to thank Phoenix … [More]
Macerich Announces Leasing Partnership for Arizona Retail Properties
Macerich, owner, operator and developer of major retail properties in top markets, announced a leasing partnership with Catalyst Commercial Group for its Arizona retail properties. This relationship is designed to extend the robust efforts of Macerich’s internal leasing teams and uncover additional opportunities for the company’s portfolio of strong retail properties in … [More]
Phoenix Symphony Launches $60 Million Crescendo Campaign
The Phoenix Symphony just announced the public launch of Crescendo: The Campaign for The Phoenix Symphony, a bold $60 million comprehensive fundraising initiative designed to ensure a thriving future for symphonic music in Arizona. As the Phoenix Symphony approaches its 80th season, Crescendo stands as the Symphony’s most ambitious philanthropic initiative yet, focused on … [More]
Air2O Expands New Phoenix Manufacturing Facility Fivefold, Plans to Create Over 200 Jobs
Air2O, a global leader in advanced thermal management solutions for mission-critical environments, is pleased to announce moving into its new 186,000 sq. ft. manufacturing facility in Phoenix in June 2025 and will be operational in the fall. Exterior space significantly increases the facility’s square footage, offering the increased operation plans and flexibility to seamlessly … [More]
Scottsdale-Based Vacation Rental Co. Expands with Acquisition of Innovative Platform
Casago, a vacation rental property management company, announced the completion of its acquisition of Vacasa, Inc., a leading vacation rental management platform in North America. The transaction, a watershed moment for the U.S. vacation rental industry, combines the strengths of both companies to create an industry-leading brand managing over 40,000 properties across North … [More]
10 Things to Know in the Property Market: April 2025
Cotality, a leading global property information, analytics, and data-enabled solutions provider, today released its latest findings on the housing and mortgage markets. While the spring homebuying season is in full swing, homebuying activity continues to be challenged by elevated and volatile mortgage rates as well as affordability challenges resulting from surging costs of … [More]
Their Take: Leadership Is a Long Game
ESPN hot take veteran Stephen A. Smith says Mat Ishbia is on the verge of being the “worst owner in NBA history.” Here in Arizona, we see something different: an owner who’s invested more in his teams, his players, and his city in two years than most do in a lifetime. Let’s be clear: the Suns didn’t fall apart overnight, and no one’s above criticism — not even Mat. But to … [More]
Small & Disadvantaged Business Transportation EXPO is May 20
The Arizona Department of Transportation and partner agencies will hold an event from 7 a.m. to 1 p.m. Tuesday, May 20, at Mesa Convention Center (Building C) to help small businesses and those owned by individuals from socially and economically disadvantaged groups compete for transportation contracts that receive federal funding. Offered through ADOT’s Disadvantaged … [More]
Innovative Partnership Brings 96 New Affordable Family Housing Units to Phoenix
Nearly 100 families in Phoenix have a new, affordable place to call home. UMOM New Day Centers, the City of Phoenix, Maricopa County, the Phoenix IDA and its partners are proud to celebrate the grand opening of La Esperanza Terrace. This landmark affordable housing development was made possible through an innovative, first-of-its-kind agreement between the Isaac School … [More]
Construction Co. Expands Operations in Phoenix, Brings Commercial Expertise to Fastest-Growing Market
PCL Construction, one of North America's largest and most innovative general contractors, is opening a new commercial buildings office in Phoenix. The announcement builds upon the success of the company's water and civil construction operations, which have thrived across the Southwest for more than 30 years. "Phoenix is a hub of opportunity across aviation, hospitality, … [More]
Site Earmarked for Revitalization as Part of 20-Mile City of Phoenix RIO PHX Land Plan Sells
Scottsdale-based ATLAS Capital Partners has sold a prime infill parcel to the City of Phoenix for $29.58 million. The city has earmarked the land for revitalization as part of its regional Rio Reimagined initiative and the RIO PHX plan, which will promote 20 miles along the Rio Salado/Salt River corridor as a local and regional destination. Located at 3030 S. 7th St. in … [More]
TSMC Arizona Celebrates the Groundbreaking for Third Fab Facility, Commerce Secretary Visits
U.S. Secretary of Commerce Howard Lutnick visited the Taiwan Semiconductor Manufacturing Company (TSMC) semiconductor fabrication facility in Phoenix on Tuesday, where the company broke ground on a third fab facility. Through the Investment Accelerator Program, Americans are already witnessing massive progress. TSMC Arizona’s third fab facility is one example … [More]
