$850M Deal Advances Arizona Cobalt Processing Project

inbusinessPHX.com

EVelution Energy LLC, a U.S.  critical minerals company developing the first commercial-scale cobalt metal and cobalt sulfate  processing facility in the United States, announced the signing of a binding long-term offtake  agreement with Mitsui & Co., Ltd., valued  at approximately $850 million over the five-year term of the agreement (based on current market  … [More]

Scottsdale Alternative Asset Manager Acquires Equipment Leasing Co.

inbusinessPHX.com

Trinity Capital Inc., a leading alternative asset manager, announced that it acquired Equipment Leasing Services, a provider of flexible equipment finance options to businesses across the Southwest in various sectors including manufacturing, transportation, construction and aerospace. With over 25 years in operation, ELS brings an established originations platform, recurring … [More]

$80.5M Research Effort Positions Arizona as Medical Innovation Hub

inbusinessPHX.com

Banner Health's $80.5 million research enterprise delivered breakthrough treatments to Arizona patients in 2025 while advancing wide-ranging therapies toward FDA approval, according to the organization's annual Milestones in Research report. Operating 1,300 clinical and translational studies across neuroscience, cardiology, oncology and orthopedics, Banner is positioning … [More]

Biltmore Fashion Park Office Building Hits Full Occupancy

inbusinessPHX.com

RED Development has fully leased the office building at Biltmore Fashion Park, signing Van Trust and Phoenix Design One (PDO), to bring the over 30,000-square-foot building to full occupancy. VanTrust, a national, family-held real estate development company, signed a lease on the second floor, relocating from its existing Phoenix office. PDO, a full-service interior … [More]

The AI Platform Terms Businesses Can’t Afford to Ignore

AI tools can speed up client work, but their terms often conflict with client expectations around confidentiality, content rights and liability.

by Ilya Zmienko

At Svyazi, a creative agency, we have been producing AI-assisted content for clients since 2022. In that time, the tool set has changed completely. The legal exposure hasn't. We keep running into the same problem: A client may expect full ownership of deliverables, but the AI platform's terms of service tell a different story. AI has moved into business workflows faster than … [More]

24/7 Emergency Vet Hospital Opens in the West Valley

inbusinessPHX.com

VEG ER for Pets, the world’s veterinary emergency company that helps people and their pets when they need it most, announced the opening of VEG ER for Pets in Arrowhead at 7720 West Bell Rd, Suite B, Glendale, AZ 85308. VEG ER for Pets provides families in Arrowhead and neighboring cities in Maricopa County including Peoria, Arrowhead Ranch, Sun City, North Glendale, … [More]

Phoenix Approves Budget Focused on Families, Housing and City Services

inbusinessPHX.com

The Phoenix City Council has officially approved a balanced and community‑focused budget for Fiscal Year 2026–27, marking a major milestone in strengthening city services, expanding opportunities for families, and investing in long‑term quality of life across the City. The newly adopted plan reflects months of resident engagement, thoughtful financial planning, and leadership … [More]

Publicly Traded Wellness Franchisor Names Board Director

inbusinessPHX.com

The Joint Corp., the nation's largest franchisor of chiropractic care through The Joint Chiropractic network, announced the election of Milind Pant to its Board of Directors. Mr. Pant's election follows the Company's annual meeting of stockholders and expands the Board's depth and expertise in international franchising and business expansion. Mr. Pant is the Founder and Chief … [More]

Global Semiconductor Services Firm Adds 67 Acres to Peoria Site

inbusinessPHX.com

Amkor Technology, Inc. reinforced its commitment to expanding Advanced semiconductor packaging and test capabilities in the United States through continued investment in its Arizona manufacturing footprint. Located within Peoria’s Innovation Core, Amkor’s campus is being developed on a 104-acre site designed to support large-scale, leading-edge semiconductor packaging and … [More]

Scottsdale-Based Multifamily Co. Marks 50 Years in the Valley

inbusinessPHX.com

On May 10, 1976, Phil Bell started a small multifamily real estate company focused on superior property management and quality apartment homes. This month, P.B. Bell celebrates 50 years of making lives and places better through multifamily development, acquisitions, and third-party management.  During the past half-century, the team has developed or acquired over 11,500 units, … [More]

Small Businesses Can’t Afford Broken Customer Communication

by Susan Anable

Small businesses don’t usually lose customers in one obvious moment. It tends to happen gradually through missed calls that go unanswered too long, follow-ups that never quite land, or customers who drift away when the experience feels disjointed. It’s National Small Business Month, and a great time to zero in on how Arizona’s small businesses can level up and beat the … [More]

70-Year Milestone Marks New Chapter for Phoenix Architecture Firm

inbusinessPHX.com

CCBG Architects announces the launch of its newly redesigned website, marking a significant milestone as the firm celebrates 70 years of design excellence and continuous practice since 1956. The refreshed digital platform reflects the firm’s legacy and future, showcasing a diverse portfolio, expanded capabilities, expanded studio professionals’ bios, and a continued commitment … [More]

Homebuilder Plans 616K-SF Modular Home Factory in West Valley

inbusinessPHX.com

Cavco Industries, Inc. announced plans to build a state-of-the-art home manufacturing facility in El Mirage, Arizona. The new 616,000 square foot building facility will increase access to affordable housing across multiple states by producing exceptional, affordable HUD-code manufactured and modular single-family homes. Cavco, headquartered in Phoenix, Arizona, designs and … [More]

Scottsdale Fintech Platform Names Managing Director

inbusinessPHX.com

Amplify Technology, LLC the AI-native RIA growth platform built on data lake architecture, announced the appointment of Adam Scully-Power as Managing Director, Enterprise Strategy. Scully-Power joins Amplify to lead the firm’s enterprise sales organization, bringing a rare combination of investment management knowledge, wealth technology expertise, and enterprise strategy … [More]

US Merchants Secures 450K-SF Building in Northwest Valley

inbusinessPHX.com

The Phoenix Office of JLL announced that it has completed the sale of the 453,960-square-foot Building One at West Summit at Surprise, a new two-building industrial project developed by Mohr Capital in Surprise, Arizona – one of Arizona’s fastest growing cities. US Merchants, a leading North American manufacturer of consumer goods and packaging, purchased Building One for … [More]

Harkey Media Acquires Valley Portfolio with Expansion in Mind

inbusinessPHX.com

Harkey Media, the out-of-home (OOH) advertising company that has built a national presence across America's largest cities, is making its biggest investment right in its own backyard. The company announced the acquisition of Boulevard Outdoor, a Phoenix-based operator, along with plans to develop approximately half a dozen additional advertising locations throughout the Phoenix … [More]

New Wave of Tenants Push Gilbert Mixed-Use Project to 85% Leased

inbusinessPHX.com

Mill Creek Residential, a developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the addition of several retailers to Modera Higley Commons, a mixed-use community in the Southeast Valley of metropolitan Phoenix. The Mick Brassiere, California Closets and Pvolve are among the seven committed retail tenants at Modera … [More]

Homebuilder Acquires 70 Avondale Homesites in $6.3M Deal

inbusinessPHX.com

Mattamy Homes, North America's largest family-owned homebuilder, has invested $6.37 million to acquire 70 homesites in Avondale, Arizona, expanding its presence in Phoenix's fast-growing Southwest Valley and bringing more homeownership opportunities to the area. The deal closed on Monday, May 18, 2026. The new neighborhood will be part of the Del Rio Ranch master-planned … [More]

In Business Dailies

Sign up for a complimentary year of In Business Dailies with a bonus Digital Subscription of In Business Magazine delivered to your inbox each month!

  • Get the day’s Top Stories
  • Relevant In-depth Articles
  • Daily Offers
  • Coming Events