The Greater Phoenix office market posted its highest net absorption in two and a half years, as well as a decrease in vacancy, according to a report released by Colliers. The Southwest city's decreased construction activity added the lowest level of new office inventory in more than 10 years. Net absorption during the last three months of 2024 was stimulated by owner user … [More]
Phoenix Office Market Posts Increased Absorption and Vacancy Decrease
2024 Brought Lowest Level of Office Deliveries in 10+ Years
Grant for Children’s Museum to Bring New Signature Exhibit, Expansion
The Children’s Museum of Phoenix has received a landmark $2.5 million grant from Lilly Endowment Inc., marking the largest single gift in the Museum’s history. The Museum will use the grant to establish a new character-focused signature exhibit and enhance several existing exhibits, incorporating opportunities to foster positive character development among children. Building … [More]
Phoenix Debuts New Mobile Career Unit
The City of Phoenix premiered its new Mobile Career Unit (MCU) on Wednesday, with a ribbon-cutting celebration at Cesar Chavez Library. The state-of-the-art, 38-foot-long RV is designed to connect employers with residents seeking job opportunities. One of the key features of the MCU is that it is fully equipped with technology that provides hands-on resources to support job … [More]
Home-Price Growth Slows as Mortgage Rates Dip to Lowest Level in over 2 Months
The median U.S. home-sale price rose just 3.5% year over year during the four weeks ending February 23, the smallest increase since September. That’s according to a new report from Redfin, the technology-powered real estate brokerage. Mortgage rates have declined to their lowest level in more than two months, dipping from 7.13% to 6.78% in the last two weeks alone and upping … [More]
USA TODAY Honors Phoenix’s Own Community and Economic Development Director
In celebration of Women’s History Month, USA TODAY will again be honoring exceptional women across the country with their 4th annual 2025 USA TODAY Women of the Year. This year, USA TODAY is honoring Phoenix’s own Community and Economic Development director, Christine Mackay. For almost a decade, Christine has played a key role in attracting business, boosting the economy and … [More]
Steak 44 Acquires Durant’s, Plans Temporary Closure for Renovations
Local steak lovers will see a temporary shake-up in their dining plans as Durant's, a longtime favorite, has been acquired by the acclaimed Steak 44 and Ocean 44 restaurant group, by brothers Mike and Jeffrey Mastro, along with their father Dennis Mastro and business partner Scott Troilo. The transition will bring a fresh new era for the beloved establishment, but not without a … [More]
Rehabilitation Hospital in Florida Extends Its Footprint by Adding a Facility on Mayo Clinic’s Phoenix Campus
Brooks Rehabilitation, nationally acclaimed for its expertise in treating life-changing injuries and complex medical conditions, held a groundbreaking ceremony for its new cutting-edge, 80,000-square-foot inpatient rehabilitation hospital on Mayo Clinic’s Phoenix campus. Ranked by U.S. News & World Report as the No. 1 rehabilitation hospital in Florida and among the top 20 … [More]
Phoenix Maintains Momentum as Nation’s Industrial Leader, Says Report
Phoenix solidifies its reputation as the nation’s industrial powerhouse, with 32.6 million square feet of industrial space under construction and a thriving medical office market driving commercial real estate demand, according to LGE Design Build’s newly released Q4/Q1 Construction Delivery Outlook report. “Phoenix continues to lead as a dynamic hub for industrial … [More]
Scottsdale Resort Unveils Expansive, Newly Renovated Arizona Ballroom
Grand Hyatt Scottsdale Resort has officially debuted its newly expanded Arizona Ballroom, marking the completion of the property’s $115 million transformation. Nearly doubling in size to an impressive 24,000 square feet, the Arizona Ballroom is now one of the largest and most sophisticated event spaces in the region. The resort’s full meeting and events facilities is now 90,000 … [More]
EMT Training Program Ramps Up in Arizona to Beat Shortage
In response to the critical shortage of emergency medical technicians (EMTs), Unitek EMT moved to a larger campus and added more starts dates for its 14-Day EMT Boot Camp. This year, Unitek EMT launched a Basic EKG Class and a seven-week evening course to provide more opportunities for aspiring EMS professionals. "Unitek's dedication to initial and continuing education is … [More]
Warby Parker Opens First Phoenix Store at Biltmore Fashion Park
Reaching out on behalf of to share some exciting news. On Saturday, March 8th, Warby Parker, the lifestyle eyewear brand is opening its first Phoenix retail store in Phoenix at Biltmore Fashion Park. This new retail location will make it easier for its Phoenix and wider Arizona customers to access all of their eye care needs, equipped with the brand’s full optical and … [More]
Software Veteran Named CEO of PHX FWD to Establish Phoenix as a Top Software City
PHX FWD, the nonprofit organization dedicated to making Phoenix a top software city by 2035, announced that Clate Mask, founder of Keap, will serve as its new Chief Executive Officer. Mask, who recently sold Keap after more than two decades of leading the company to success, will bring his extensive experience in SaaS growth and entrepreneurship to accelerate PHX FWD’s … [More]
Lucid Announces CEO Transition
Lucid Group, Inc., maker of electric vehicles, announced Peter Rawlinson has stepped aside from his prior roles. He will transition to the role of Strategic Technical Advisor to the Chairman of the Board. Marc Winterhoff, Chief Operating Officer, has been appointed Interim Chief Executive Officer. As part of the company's regular succession planning process, the … [More]
2025 Study Shows 78% of AI Power Users Are Actively Looking for New Jobs
Betterworks, the leading modern performance management software company, today released its highly anticipated 2025 State of Performance Enablement report, “AI and the Employee Experience: Balancing Opportunity and Anxiety.” It reveals a workplace at a crossroads: AI is driving record-breaking productivity, but its most engaged users are heading for the exit. The divide is … [More]
Mexican Grill Adds Second Location after More Than a Decade of Success in Scottsdale
Salt + Lime Modern Mexican Grill, a beloved Scottsdale staple known for its authentic yet innovative Mexican cuisine, officially opened its second location last month in Cave Creek. After more than ten years in Scottsdale, Salt + Lime has expanded into the heart of this North Valley neighborhood to offer a vibrant dining experience for locals and visitors alike. Located at … [More]
Construction Completed on Five Spec Suites at Kierland Office Campus
Vero Capital announced that it has completed the construction of five spec suites at INISIO at Kierland, a two-building, 240,436-square-foot office campus located at 16430 N. Scottdale Road and 16260 N. 71st in Scottsdale, Arizona. Additionally, the firm has started construction on the next phase of renovations at the property. INISIO at Kierland is owned by affiliates of … [More]
Banner MD Anderson Unveils ‘Wellness Center’ in Its Home Away from Home Community
Cancer patients living in Banner MD Anderson Cancer Center’s Home Away from Home community now have a new space to gather and heal. The wellness center was recently built with the goal of giving patients, caregivers and their families a shared place to rest, connect and support one another. The new space adds to the community of eight private homes generously built, furnished … [More]
Tempe Pilot Program Brings Real-Time Language Translation
In a city as diverse as Tempe, where over 30 languages are spoken, making sure everyone is heard and understood is essential. That’s why the City of Tempe is launching a new pilot program to break down language barriers with the help of AI-powered technology. The City of Tempe is introducing three Instant Language Assistant (ILA) devices, created by Translate Live LLC, … [More]
