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]
Groundbreaking Ag-to-Urban Water Law Promotes Sustainable Growth for Metro Phoenix Developers
Arizona Water Company celebrates Governor Katie Hobbs' signing of the groundbreaking ag-to-urban water legislation, marking a pivotal moment in Arizona's approach to sustainable water management and long-term water security. The newly-signed Senate Bill 1611 was crafted as a result of more than two years of bipartisan negotiations with farmers, homebuilders, … [More]
How Does Tariff Policy Impact Corporate Decision Making?
Earlier this year, President Trump announced a plan to enact tariffs “on nearly every country on Earth.” Although tariff negotiations continue, they will soon be enacted in the U.S. on products made in most other countries. The first question many in corporate leadership ponder is whether sales taxes are due on the amount a tariff adds to a product or the component cost. … [More]
Construction Starts on Scottsdale 433-Unit Luxury Community
Legacy Partners, a privately held national real estate firm, together with joint venture partner DWS, a leading global asset manager, announced the start of construction on Olea Scottsdale, a 433-residence apartment community in Scottsdale, Arizona. The project is located north of Loop 101 and east of Scottsdale Road, at the northwest corner of Legacy Boulevard and Miller … [More]
$50M Investment Affirms Toyota’s Commitment to Arizona Proving Grounds
Toyota Motor North America announced that it has allocated and broken ground on more than $50 million in construction of new amenities for vehicle and automotive technology testing and development, affirming commitment to the Arizona Proving Grounds. The new construction includes a 5.5-mile oval track, an off-road park, and new ride and handling surfaces, among many other … [More]
Realty Executives Aligns Ownership, Strengthening Phoenix Presence
Realty Executives International announced that it is aligning its ownership structure across Arizona and re-establishing common ownership of the Phoenix and Yuma market territory. This strategic move consolidates Realty Executives' presence in Arizona under one ownership group, reaffirming its long-term investment and commitment to serving agents and clients statewide. The … [More]
National Contracting Co. Celebrates Arizona Expansion
W.W. Clyde & Company widens its footprint in the Arizona market with the opening of a new 38,000-square-foot office in Apache Junction. To celebrate this growth milestone, community and industry partners were invited to a ribbon cutting ceremony and open house held at the new location. “This new location allows us to better serve more customers and hire talented people in … [More]
Tech-Centric Public Relations Co. Acquired by California Communications Firm
Leading California communications firm Southwest Strategies Group announced the acquisition of Kiterocket, one of the nation’s leading public relations agencies for emerging technologies, semiconductors, renewable energy and sustainability. “Kiterocket’s client-centric philosophy and commitment to investing in their team align with our core values,” said Southwest Strategies … [More]
Tempe Incubator Finds Early Success with Startup Defense Co.
One of Startup Central's first spinouts, Defense Company One, has earned a spot at a highly competitive international defense technology challenge centered on advanced drone tactics, hosted in Canada. Defense Company One is collaborating with North American Signal Ops (NASO) and other established defense technology partners to develop next-gen capabilities and integrations … [More]
Energy Developer Secures $600M in Funding for Expansion
Arevon Energy, Inc., a leading American energy developer, owner, and operator, announced the successful closing of a $600 million credit facility, with the option to increase up to $850 million, to support its expanding portfolio of diverse, high-quality renewable energy projects across the United States. The facility includes a $350 million revolving loan and letter of … [More]
AI Startup Debuts Grid-Smart Software in Metro Phoenix, Closes $24.5M Seed Round
Emerald AI announced its official launch, unveiling the results of its first commercial demonstration and $24.5 million in seed funding led by Radical Ventures, with participation from NVentures (NVIDIA's venture capital arm), AMPLO, CRV, and Neotribe. Emerald AI is also backed by an array of notable individual investors, including Google Chief Scientist Jeff Dean, former … [More]
Buyers Need a $17,000 Raise to Afford a Home
Five years ago, a median-income household could afford a typical U.S. home. Today, they're more than $17,000 short, even if they have $73,000 saved for a down payment, a new Zillow® analysis finds. While the housing market is friendlier to buyers this spring, with more homes for sale and a record number of sellers cutting their list prices, incredible home … [More]
ElevateEdAZ Shares Successes in Internship Program with Mayo Clinic
ElevateEdAZ, an education initiative of the Greater Phoenix Chamber Foundation, is sharing preliminary results of an ongoing partnership with Mayo Clinic that offers high-quality high school internships in the healthcare field to build a region-wide talent pipeline of career-ready youth. “Engaging the business community in providing internships and other work-based learning … [More]
Developer Brings Fourth Project to Peoria, Expands Luxury Brand
Part of the Mark-Taylor Residential portfolio, Alexan Park West, owned by Trammell Crow Residential, offers a luxury community in the heart of Peoria, Ariz. that blends modern living with comfort and ease. This addition strengthens Mark-Taylor’s presence in the West Valley and emphasizes their commitment to delivering thoughtfully designed spaces that enhance residents' … [More]
Valley Brand Franchisor Sees Growth in 2025, Surpasses Q2 Expectations
Evive Brands, a leading multi-brand franchisor in the home and health services sectors, announced it has surpassed 100 franchise territories sold in 2025 by the end of the second quarter. This milestone highlights the company's accelerated growth and the strength of its franchise systems, driven by franchisee success and robust team support. Evive Brands includes a … [More]
Phoenix-Based Ice Cream Co. Acquired by Multi-National Conglomerate
Bubbies Ice Cream, the #1 mochi ice cream brand in the natural channel and the fastest growing in conventional grocery, has been acquired by Marubeni Corporation, one of the largest integrated trading and investment companies in Japan. Bubbies is now part of Marubeni America Corporation, based in New York City, and will continue its operations and manufacturing facilities out … [More]
