Positive Office Space Absorption After Five Straight Negative Quarters Signals Further Growth

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Net absorption of office space turned positive in the second and third quarters of 2024, following five consecutive quarters of shrinking demand. Although it is still possible that a recession could delay a recovery, recent trends suggest the office sector is stabilizing and that demand for office space will grow modestly in 2025, according to the NAIOP Research Foundation’s … [More]

Credit Union Awards State Forty Eight Foundation with $30,000 Grant, Supports Entrepreneur Speaker Series

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OneAZ Credit Union and the OneAZ Community Foundation award the State Forty Eight Foundation with a $30,000 Legacy Grant. This grant will help elevate the State Forty Eight Foundation’s Entrepreneur Speaker Series, which aims to encourage and inspire Arizona’s small business owners. “This $30,000 Legacy Grant is an investment in the dreams and aspirations of local … [More]

Beloved Pan-Aisan Eatery Unveils First-Ever Cocktail Comic Book

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Clever Koi, the award-winning, pan-Asian restaurant & lounge with locations in both Central Phoenix and Downtown Gilbert, just rolled out an all-new comic book-style illustrated drink menu featuring 66 fresh-crafted and exotically-yet-familiar cocktail, and a stylized manga/graphic novel storyline. Now available, the menu features vibrant new cocktails such as the … [More]

ASU-Led Southwest Advanced Prototyping Hub Awarded $21.3M for Second Year of Funding for Microelectronics Projects

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The Southwest Advanced Prototyping (SWAP) Hub, led by Arizona State University, has been awarded $21.3 million in Year 2 funding under the CHIPS and Science Act to continue its work advancing the rebirth of America’s microelectronics industry. ASU will receive $18.6 million, with an additional $2.7 million going to Sandia National Laboratories, a lead partner in the SWAP … [More]

Desert Diamond Arena Reimagines Itself as Arizona’s ‘Music Mecca’ with $42M Transformation

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Desert Diamond Arena has released details of its dramatic $42 million transformation from a traditional sports arena into a premier “music mecca” and entertainment destination, spotlighting that Glendale has become one of the largest entertainment and sports hubs in the western United States. Spearheaded by ASM Global — the world’s top venue operator and developer — in … [More]

Phoenix Metro Area Ranked No. 8 in Forecast of Top Housing Markets for 2025

The Valley takes spot in annual ranking of areas poised to see the strongest combined increase in home sales and listing prices

inbusinessPHX.com

The Phoenix metro area, one of the market areas served by members of Phoenix REALTORS®, has been ranked No. 8 on the Realtor.com® 2025 top housing markets forecast. The 2025 forecast highlighted areas that are primed and ready for growth in the year ahead. This year’s list highlights markets characterized by moderately affordable homes, abundant inventory – mainly boosted by … [More]

New Commercial Refrigeration Training Course in Phoenix Launches to Meet Growing Industry Demand

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National Technical Institute (NTI), a state approved trade school offering training programs in HVAC, plumbing, and electrical, announces the official launch of its Commercial Refrigeration Training program at its Phoenix location. This specialized course is designed to prepare students with in-depth knowledge and hands-on skills essential for successful careers in the … [More]

Foil Bag Manufacturer Expands with New Facility in Chandler

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3D Barrier Bags Inc., a leader in the production of customized, high-barrier s, is excited to announce the opening of its new state-of-the-art manufacturing facility in Chandler, Arizona. Spanning 22,000-square-feet, the bespoke facility will serve as a key operational hub for the company as it strengthens its service to customers in the Western United States. This new … [More]

Tech Trends That WON’T Happen in 2025: AI-RAN, Consumer Smart Glasses, Humanoids, and Semiconductor Onshoring – to Name a Few

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As 2025 kicks off, predictions abound on the technology innovations expected in the year ahead. However, several highly anticipated advancements, including AI-RAN, Consumer Smart Glasses, Humanoids, and Semiconductor Onshoring, will NOT happen in 2025, states global technology intelligence firm ABI Research. In its new whitepaper, 101 Technology Trends That Will—and … [More]

Financial Struggles Stop 40% of Arizona Residents from Pursuing Dream Job

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Our survey uncovered that one in three Americans face economic barriers in pursuing their ideal careers, with 33% naming financial constraints as the top obstacle when chasing their dream. For many, the price tag attached to achieving their dream job – whether it's the cost of education, business startup costs, or unpaid opportunities – is too steep. But what else is holding … [More]

Owner and Chef Reveals Future Plans to Relocate from Downtown Phoenix to Scottsdale this Winter

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Anhelo, the fine-dining restaurant at 114 W. Adams St., #C103 in downtown Phoenix, is moving. Set to close its current location on Saturday, Nov. 23, Anhelo is scheduled to reopen at 7007 E. 1st Ave. in Scottsdale this winter. In its place, Chef and Owner Ivan Jacobo plans to open Flour and Thyme, a contemporary American bistro, before year’s end. “It is bittersweet closing … [More]

Hospitality Co. Unveils Scottsdale’s First Fine Dining Supper Club 

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Riot Hospitality Group announces it will open Scottsdale’s first and only fine dining supper club in early 2025. Located in Old Town at 7373 E Camelback Rd, Shiv Supper Club will set the stage for a bold new experience, where culinary artistry meets immersive entertainment. Named after the culinary instrument crafted to perfection, Shiv is the first upscale supper club to open … [More]

5 Lessons Learned for Online Business Growth

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  Growth is critical to drive business performance and attain long-term survival in the industry. It is a continuous process and it requires patience, hard work, and dedication. According to WebSuccessPortal.com (Success Study LLC), an established digital marketing agency that aims to provide innovative solutions, it is essential for businesses to constantly improve in … [More]

Tempe and Phoenix to End Lawsuits Regarding Property Rights Near Airport

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​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ Changes to a 30-year-old intergovernmental agreement will effectively end lawsuits between the cities of Tempe and Phoenix regarding property rights near Phoenix Sky Harbor International Airport. The lawsuits sought to determine whether residential buildings were … [More]

Gamers Think Tank Signs Developer to Esports Project

Rick McCartney

Wamba Technologies, a think tank consisting of leaders in the online gaming industry, is excited to announce the appointment of Aaron Thibault as oversight for its upcoming esports venture, Gamers Oasis. This key addition comes as they move to launch their Gamers Oasis platform which allows gamers to compete for real money directly from their mobile devices. Thibault began … [More]

Nonprofit Reopens Renovated Stay Facility at Phoenix Children’s

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Following more than a year of extensive renovations, parents of children receiving treatment at Phoenix Children’s now have access to both overnight accommodations and a new Day Use program at the Cambridge House on the hospital’s campus. Ronald McDonald House Charities of Central and Northern Arizona celebrated the grand re-opening of its Cambridge House on Wednesday, … [More]

Albertsons Files Lawsuit Against Kroger for Breach of Merger Agreement

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Albertsons Companies, Inc. filed a lawsuit against The Kroger Co. in the Delaware Court of Chancery, bringing claims for willful breach of contract and breach of the covenant of good faith and fair dealing arising from Kroger’s failure to exercise “best efforts” and to take “any and all actions” to secure regulatory approval of the companies’ agreed merger transaction, as was … [More]

Phoenix Real Estate Professionals Offered Alternative to National Association of REALTORS

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Realty ONE Group International, a modern, purpose-driven lifestyle brand and one of the fastest-growing franchisors in the world, has created a program through which Phoenix, real estate professionals can choose to affiliate with the National Association of REALTORS(R), (NAR), or to operate independently of the U.S. trade organization. Beginning Jan. 1, 2025, real estate … [More]

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