Phoenix Mayor Kate Gallego announced the creation of the Phoenix Global Forum, an annual summit hosted by Phoenix Sister Cities and the International Economic Forum of the Americas (IEFA). The event will launch on May 2, 2024, at the Arizona Biltmore in Phoenix and will convene decision makers and experts to discuss society’s evolving needs amidst ongoing global challenges. … [More]
Local Business Leader Named CEO at Western Spirit: Scottsdale’s Museum of the West
Western Spirit: Scottsdale’s Museum of the West, announces today the appointment of highly experienced local business and community leader Todd Bankofier as its new Chief Executive Officer (CEO) and Executive Director. Bankofier will be at the forefront of Western Spirit’s crucial next phase of growth and development. Western Spirit Board’s search committee conducted a … [More]
Development Co. Begins Construction on Eight-Building Industrial Complex in Mesa
Silver Creek Development, a private real estate development and investment group, has commenced construction on an eight-building, 330,000-square-foot industrial complex in Mesa. Sossaman Business Campus will be built on a 26-acre site at the intersection of Sossaman and Elliot roads, across from Google’s $800 million data center campus. “As many people know, the Greater … [More]
Home Buyers Outnumbering Sellers Spurs Impressive Price Growth, Even amid Muted Sales
Competition among buyers over few available houses has made this home shopping season unusually hot, according to the latest market report1 from Zillow®. Meanwhile, high mortgage rates are continuing to deter homeowners from listing, pushing inventory to record lows. "Many homeowners are still opting not to sell and give up historically low mortgage rates. But those who do … [More]
SRP Launches Complete Home Installation Services for Smart Electric Vehicle Chargers
As the number of electric vehicles (EVs) in the Valley continues to rise, demand for a seamless and affordable process to install home charging systems is growing as well. As a result, Salt River Project is partnering with industry leader Qmerit to offer customers a program that takes the guesswork out of coordinating an affordable and professional home installation of a Level … [More]
Downtown Phoenix Multifamily Redevelopment Site Sells for $12M
Approximately 1.0-acre high-rise apartment redevelopment site in downtown Phoenix has sold paving the way for another multufamily high-rise. The buyer, Masyno Holding LLC, Anthony Bibars and Kal Bibars as Principals, acquired the transit-oriented property located at the northwest corner of 1st and McKinley streets for $12 million / ±$276 per land square foot. Bound by three … [More]
Cannabis Retailer to Open Another Phoenix-Area Location
Trulieve Cannabis Corp., a leading and top-performing cannabis company in the United States, announced the opening of a new dispensary in Phoenix, AZ. "Trulieve is a proud member of the Arizona community and this new location on Tatum Boulevard is a continuation of our brand promise to deliver exceptional customer experiences, as well as provide the right … [More]
Consumer Prices Rose 4% in the Year through May, a Sign Inflation Is Cooling
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in May on a seasonally adjusted basis, after increasing 0.4 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 4.0 percent before seasonal adjustment. The index for shelter was the largest contributor to the monthly all items … [More]
Manufacturer Announces Entry into U.S. Market to Address Rapid Semiconductor Fab Growth
HTC, a Taiwan-based company and leading manufacturer of specialty process components, systems, and services for highly complex semiconductor manufacturing operations, announced its expansion into the U.S. with the opening of a new North American headquarters, ‘HTC-America,’ strategically based in Phoenix. The move is driven by an increase in market demand in the U.S. due to new … [More]
Newly Renovated Downtown Office Tower Continues to See Strong Leasing Activity
The transformation of Renaissance Square turned the aging downtown Phoenix landmark building into a modern, amenity-rich office destination. In a market where office buildings struggle to find tenants, Renaissance Square is bucking the trend, recently attracting a national tenant, Food for the Hungry, to a brand new, 29,000 square foot space with the option to expand to 45,000 … [More]
Valley Tech Innovator Selected by Nasdaq for 100 Index
onsemi, a leader in intelligent power and sensing technologies, will be added to the Nasdaq-100 Index® prior to market open on Tuesday, June 20, 2023. The inclusion comes after two consecutive years of record results, tripling the company’s market cap over the last 30 months. The company closed out 2022 with $8.3 billion in revenue and with earnings growing 3x faster than … [More]
U.S. Home Borrowers See First Annual Home Equity Losses since 2012 in Q1 2023, but Overall Mortgage Performance Remains Strong
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, released the Homeowner Equity Report (HER) for the first quarter of 2023. The report shows that U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw home equity decrease by 0.7% year over year, representing a collective loss of $108.4 billion, and an … [More]
Global Coffee and Tea Leader Continues Expansion in the Phoenix Area
Just in time for summer, The Coffee Bean & Tea Leaf® brand, the iconic Southern California favorite serving premium coffee and tea for the past 60 years has opened its newest location in Scottsdale, Arizona. The new café is complete with a drive-thru and is located at 9380 N. 90th, St. "This is the third The Coffee Bean & Tea Leaf location that we've … [More]
Televerde Relocates to Innovative Office Space in Central Corridor, Priming for Strategic Growth
Televerde, a global revenue creation partner supporting marketing, sales, and customer success for B2B businesses around the world, announced its move to a new office space located in the heart of midtown Phoenix at 2800 North Central Avenue. This relocation, a testament to Televerde's flexibility and adaptability, is part of an ongoing effort to adapt to the … [More]
Fast-Casual Taquitos Concept Opens First Arizona Location in Chandler
Roll Em Up Taquitos, a fast-casual restaurant specializing in hand-rolled taquitos, is excited to announce the grand opening of its first location in Arizona. Roll Em Up Taquitos Chandler has officially opened its doors to the public and will be the Company’s first Arizona location since the company was founded in 2019. Roll Em Up Taquitos Chandler is located at 301 S. … [More]
Canada-Based XNRGY Lands Financing for First Phase of 1 MSF Factory in Mesa
Canada-based XNRGY Climate Systems has obtained construction financing for the first phase of its U.S. headquarters in Mesa, Ariz. Development partner The Boyer Co. provided the necessary funds, including additional options for the project’s expansion to a total of 1 million square feet. XNRGY’s total investment volume is estimated at $300 million and the plant is expected to … [More]
Take Advantage of Extended Summer Hours at City Trailheads
During the Valley's warm weather months, the Phoenix Parks and Recreation Department recommends hiking during the early morning or evening hours when it is cooler and there is more shade. To help with that recommendation, extended summer hours are in effect annually from June through September at three of the City's popular hiking destinations – North Mountain … [More]
Accelerating Cultural Diversity at the Desert Botanical Garden for Juneteenth
The Archwood Exchange Buy Black Marketplace and Desert Botanical Garden are partnering for the first ever Juneteenth Evening Festival, Friday, June 16, 2023, from 6-9 p.m. The family-friendly event will celebrate Black culture and excellence through storytelling, history, art, performance, community discussion and entrepreneurship. The Juneteenth Evening Festival spotlights … [More]
