Phoenix Children's announced Justin Bradshaw, FACHE, will join its leadership team as executive vice president and chief operating officer. With more than two decades' experience in health system operations, Bradshaw will play an integral role in ensuring consistent, high-quality, integrated care across all sites of service as Phoenix Children's continues its expansion across … [More]
Office Space Absorption Predicted over the Next Two Years, but Contraction to Slow in 2025
Absorption of office space – the amount that is leased or occupied less the amount that is vacated or put on the market – is expected to remain negative through 2024 and 2025, though the rate of negative absorption is expected to slow to a near halt by the second half of 2025, according to the NAIOP Research Foundation’s Office Space Demand Forecast. “The office market … [More]
Monthly U.S. Home Price Gains Dip Below Seasonal Average
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index and HPI Forecast for April 2024. Annual U.S. home price appreciation remained above 5% in April, with three states posting double-digit gains. By next spring, national price gains are projected to slow to 3.4%, with only a few states … [More]
CVS Health Invests $22.6M in a New Affordable Housing Development in Arizona
CVS Health representatives will be joined by Governor Katie Hobbs, dignitaries, and the project developer La Frontera to announce the company’s equity investment in the development of West Point II Apartments, providing 85 new affordable housing units for persons 55 years and older, including units for individuals with disabilities. The development, which recently started … [More]
Construction Co. Celebrates 50 Years of Building Excellence
For five decades, Agate Construction has remained a cornerstone of excellence in the construction industry. Since its humble beginnings as an agricultural construction company, Agate has grown into a respected leader, maintaining an unrivaled reputation for high-quality construction projects and a devoted commitment to innovation, safety and customer satisfaction. As a … [More]
Trinity Capital Exits Its Equity Position in Core Scientific
Trinity Capital Inc., a leading provider of diversified financial solutions to growth-stage companies, announced that as of June 4, 2024, it has completed the liquidation of the shares of common stock of Core Scientific that it received in satisfaction of its claim in Core's Chapter 11 bankruptcy. Trinity provided $30 million in equipment financing to Core in 2021. Core … [More]
Flinn Foundation Names New Leaders as Longtime Executive Retires
Brad Halvorsen joined the Flinn Foundation in 1989 as its first communications employee. After 35 years of service to the foundation and Arizona, including nearly a decade as executive vice president, Halvorsen retires June 14. Halvorsen’s departure prompts two other executive leadership changes. Vice President, Communications Matt Ellsworth has been promoted to chief … [More]
First Sprouts Store to Far North Phoenix and Greater Anthem Opening
A new Sprouts Farmers Market in North Phoenix is ready for customers, announced Diversified Partners, the leading Scottsdale real estate brokerage and development company. The new location took over a 28,000-square-foot space formerly occupied by Bed Bath & Beyond in Tramonto Marketplace, near I-17 and Carefree Highway. The grocery chain will provide the community with a … [More]
Their Take: Merit Selection – A Respected Arizona System of Judge Selection Worth Preserving
Fed up with a system that featured campaigns for judicial office that included yard signs and bumper stickers, that forced judges to seek campaign contributions from lawyers and parties who would be appearing before them, and that produced judges who occasionally delegated decision-making to their judicial assistants, Arizona voters decided nearly a half century ago to choose a … [More]
Conducting a Mid-Year Financial Health Checkup
As we find ourselves midway through the year, it's a great moment to take stock of our financial journey so far and recalibrate for the months ahead. This is the time when many of us pause to review our progress, tweak our plans, and realign our aspirations to ensure a successful year's end. Take a moment to acknowledge your achievements thus far, rectify any missteps, and … [More]
Developer Completes First Piece of $500M, 88-Acre Peoria Industrial Master Plan
Greystar, a global leader in the investment, development, and management of institutional-quality commercial real estate, joined with officials from the City of Peoria and project partners to celebrate the completion of Caliber by Greystar, a three-building, Class A industrial development in Peoria, Arizona. Caliber marks the first development piece to deliver within … [More]
Hard Rock Music-Themed Hospitality Experience Coming to Scottsdale in 2026
Hard Rock International announced development plans for REVERB by Hard Rock Scottsdale, a music-themed hospitality experience featuring entertainment and outdoor spaces, 195 hotel rooms, an outdoor pool, a rooftop bar and more. The $60 million project in partnership with ERES Capital is expected to open in late spring / early summer 2026, anchoring The Sydney, a mixed-use … [More]
Median Price per Square Foot Experiences Monumental Rise, Growing 52.7% Since 2019
According to the Realtor.com May housing data, median list prices have increased 37.5% since May 2019, and while prices grew in that time frame, inventory is down 34.2% compared with typical 2017 to 2019 levels pointing to the market being in seller-friendly territory. "In addition to higher median list prices and fewer homes for sale versus 2019, the increase in median … [More]
The Best States to Work from Home Are Tallied, See Where Arizona Ranks
New research has revealed the best states to work from home, with Virginia coming out on top and Arizona taking the third spot on the list. The study by ergonomic furniture brand Desky analyzed data on internet speeds, electricity costs per kilowatt-hour, and remote job vacancies in each US state to determine which states are best for working from home. It found … [More]
See Where Arizona Ranks for States Most Worried About Their Finances
New data reveals the states that are the most stressed about their finances, with Arizona coming fifth. Online lender CreditNinja analyzed average monthly search volumes over the past 12 months to discover the states searching the most for terms related to money and financial issues. The study examined over 200 search terms, including ‘money help’, ‘debt relief’, and … [More]
Arizona Lithium Officially Opens World-Class Lithium Research Center in Tempe
Arizona Lithium Limited, a company focused on the sustainable development of two large lithium development projects in North America, the Big Sandy Lithium Project (“Big Sandy”) and the Prairie Lithium Project (“Prairie”), held an official grand opening with a ribbon cutting ceremony of the Lithium Research Center in Tempe, Arizona. Arizona Lithium was joined at the ribbon … [More]
Multifamily Developer Expands Phoenix Presence with Two New Communities
National multifamily developer Wood Partners announced the start of construction on Alta Dove Valley in Phoenix and Alta 87 in Gilbert, Arizona. These new communities bolster Wood Partners' presence in Arizona, bringing its total to 24 starts in the state since the Great Financial Crisis. "Phoenix has, and continues to, experience significant in-migration due to its … [More]
Chef/Restaurateur Opens Uptown Phoenix’s Newest Restaurant Concept in Historic Beefeater’s Steakhouse and Southern Rail Spot
Renowned Phoenix chef/restaurateur, Doug Robson, is opened an all-new restaurant, Tesota, in the heart of Uptown Phoenix. Open daily for lunch, dinner and happy hour, Tesota (300 W Camelback Rd., Phoenix, AZ) is the newest creation from Robson, the chef/partner behind Gallo Blanco and Otro Café in Phoenix. Nestled inside the stunning indoor-outdoor space that previously housed … [More]
