Foundation 8, LLC and the Hilco Global Real Estate Capital practice announced the closing of a $44.5 million loan secured by the office component of 333 N Central Avenue, a landmark mixed-use tower in Downtown Phoenix. The financed property comprises 246,490 square feet of Class AA office space across the top eight floors of the tower, 2,522 square feet of ground-floor … [More]
45K-SF Industrial Campus Breaks Ground near Phoenix-Mesa Gateway
Commercial Properties, Inc. / CORFAC International and The Leroy Breinholt Team announced construction is underway at Signal Butte & Germann, a new Class A light industrial development by Dale Cavan and Cavan Commercial announce the firm's appointment as the exclusive brokerage for the project. Located at 7423 E. Signal Butte Road in Mesa, Arizona, the 45,021-square-foot … [More]
Delta Dental Broadens Arizona Business Offerings beyond Dental and Vision
Delta Dental of Arizona announced the introduction of DeltaWellness by Delta Dental, a new brand that brings together the organization's growing suite of health and wellness offerings under one unified umbrella. Also introduced today is DeltaLife, a new portfolio of life, disability and supplemental health insurance products. The launch reflects Delta Dental of Arizona's … [More]
Small Business Confidence Cools despite Above-Average Optimism
The NFIB Small Business Optimism Index dipped in August to 98.7, just 1.1 points below July’s highest level since August 2025, but remaining above the 52-year average of 98.0. The Uncertainty Index fell 2 points to 89, remaining above the historical average of 68. “Uncertainty remains elevated among small business owners as they face a mixed set of challenges with weakened … [More]
Phoenix Legal Heavyweights to Unite, Creating 800-Person Firm
Fennemore, one of the nation’s fastest-growing Am Law 200 firms, and Gallagher & Kennedy, an Arizona-based business law firm with decades of experience serving businesses, organizations and individuals throughout Arizona and New Mexico, will merge effective Dec. 1, 2026. The combination will bring together two firms with deep roots in Phoenix and longstanding … [More]
$300B Banking Giant Completes Arizona Integration following Comerica Merger
Fifth Third Bancorp announced it has completed the technical conversion of approximately 600,000 customers’ accounts and 293 banking centers across Arizona, California, Florida, Michigan and Texas from the Comerica franchise. Executed over Labor Day weekend, the conversion brings Comerica consumer and commercial customers onto Fifth Third’s platforms. Today’s milestone … [More]
Scottsdale Commercial Real Estate Firm Acquired in $1.6B Deal
Cerberus Capital Management, L.P., a global alternative investment firm with established corporate credit and real estate platforms, announced that certain funds and accounts have sold Tenet Equity to CBRE Investment Management, which is making its investment on behalf of several of its investment strategies, for $1.6 billion. Cerberus founded Tenet in 2021 alongside … [More]
TSMC and ASML Partner to Shape the Future of Advanced Chipmaking
ASML Holding N.V. and Taiwan Semiconductor Manufacturing Company announced a collaborative initiative to lead the semiconductor industry’s transition to a larger-format Extreme Ultraviolet lithography photomask. While High NA EUV will be adopted for production using the current, 6-inch masks, the transition to larger, 12-inch masks is expected to further increase fab … [More]
Arizona’s Growth Engine is Cooling but Still Outpacing the Nation
Arizona’s economy remains resilient as it navigates evolving conditions, but it is increasingly characterized by mixed labor market conditions and slower growth. The labor market improved from dismal job growth in late-2025, but job gains were concentrated in a few sectors as employers stayed cautious about hiring. Elevated gasoline prices due to conflict in the Middle East … [More]
Amkor Expands Arizona Investment to $12B, Nearly Tripling Cleanroom Capacity
Amkor Technology, Inc., a leading provider of outsourced semiconductor packaging and test services, announced phase 2 of its Arizona Advanced packaging and test campus. Driven by strong customer commitments that have surpassed the 33,000 square meters of cleanroom capacity planned for phase 1, the phase 2 expansion is expected to add 60,000 square meters and bring the campus to … [More]
Major East Valley Development Unveils Wave of New Tenants
Heritage Park, the mixed-use destination rising at the northern gateway of Gilbert's Heritage District, announced the first five tenants set to open at the development — led by Arizona's first Popup Bagels and three East Valley firsts — as construction continues to advance toward early second-quarter 2027 openings. Popup Bagels will bring its first Arizona location to Heritage … [More]
$14B Mortgage Giant Names New CEO to Lead Operations and Expansion
NEXA Lending announced that Geri Farr has been named Chief Executive Officer, marking the next evolution of a leadership structure designed to separate the responsibility of operating the company from the responsibility of imagining what the company becomes next. Mike Kortas will transition from CEO into the role of Executive Partner, NEXA's highest earned level of … [More]
30-Year Arizona Architect Chosen to Lead Global Firm’s Phoenix Studios
Ware Malcomb, an award-winning international design firm, announced Kevin Fawcett has joined the firm as Director, Architecture based in the company’s Phoenix office. In this new role, he is responsible for the leadership, overall growth and management of the architecture studios in the office. Fawcett brings over 30 years of experience in the Arizona market to the Ware … [More]
Postino Goes All In on Pickles with First-Ever Brand Collaboration
Postino, the all-day restaurant and vibey wine café known for its cult-like following and shareable board culture, is joining forces with Grillo’s Pickles, the company known for changing the pickle game, for Postino’s first-ever brand collaboration. Running from September 3 - October 28 across all Postino locations, the two fan-favorite brands are serving up an exclusive … [More]
Old Town’s Oldest Bar Marks 75 Years of Western Tradition with All-Day Celebration
A building that once safeguarded Scottsdale's money has spent the past 75 years safeguarding the city's Western heritage, and now the Rusty Spur Saloon is celebrating a milestone anniversary with a day dedicated to the guests who made it an institution. Built in 1921 as the Farmer's State Bank of Scottsdale, the building at 7245 E. Main St. was home to the city’s first bank … [More]
19 Arizona Restaurants Make MICHELIN’s New Regional Guide: See Who Made the Cut
Arizona’s dining scene has secured 19 restaurant selections in the first MICHELIN Guide Southwest, with seven establishments earning Bib Gourmand recognition, the most awarded to any individual state in the newly formed regional guide. The inaugural guide encompasses Arizona, Nevada, New Mexico and Utah. Of its 64 total selections, 18 received Bib Gourmand designations, which … [More]
CAP Readies $12M Legal War Chest as Colorado River Conflict Escalates
The Board of the Central Arizona Water Conservation District voted to authorize the district to act swiftly to protect its water users as the legal circumstances surrounding future Colorado River operations continue to develop. The authorization is a procedural step required under Arizona law and allows CAWCD, which operates the Central Arizona Project, to protect and defend … [More]
Phoenix Retail Demand Leads U.S. with 90% of New Space Committed
The Phoenix retail market recorded approximately 1.1 million square feet of net absorption during the first half of 2026, the highest total among major U.S. markets, according to Marcus & Millichap’s third-quarter Phoenix Metro Retail Market Report. The strong absorption reflects continued demand from major retailers, which are leasing newly delivered space and selectively … [More]
