JLL announced that it has secured a full-building pre-lease for Blue Cactus Logistics, a new 258,000-square-foot, Class A industrial development in Surprise, Arizona. TriColor Auto Group, an online auto sales and financing company, has committed to the project, bringing up to 500 new jobs to the area. Situated at the northwest corner of Cactus Road and Summit Way, Blue … [More]
Hensley Announces Leadership Changes
Hensley Beverage Company, a leading beverage distributor in Arizona and New Mexico, announced key changes within its senior leadership team. Andy McCain, currently President and Chief Operating Officer, has been appointed President and Chief Executive Officer, effective immediately. Additionally, Omar Perez, Hensley’s Chief Financial Officer, will be assuming the additional … [More]
Two New Luxury Brands to Debut in Scottsdale Fashion Square
Maje and SANDRO will open stores in the renowned Fashion Square Mall in Scottsdale AZ. This is the first entry into this important market for SMCP, alongside an extensive portfolio of luxury brands. “We are thrilled to be opening Sandro and Maje right in the heart of Scottsdale.” Laura Yetman, VP of Retail & Business Development for SMCP North America remarks. “We have had … [More]
Relaxed Mortgage Rates Mean Serious Savings for Buyers
Buyers are getting some much-needed relief, and more homeowners appear to be breaking free of "rate lock," according to the latest monthly report from Zillow®. Yet despite improvements in inventory, competition for homes is still relatively stiff. The share of homeowners considering selling is trending up, according to Zillow. "Buyers found significant … [More]
Republic Services Named to Dow Jones Sustainability Indices for Eighth Consecutive Year
For the eighth consecutive year, Republic Services, Inc., a leader in the environmental services industry, has been named to the Dow Jones Sustainability Indices (DJSI). The company ranked first in its industry category on the North America Index and second on the World Index, which represent best-in-class sustainability benchmarks for the world's leading … [More]
Greater Phoenix’s Residential Real Estate Market Puts 2023’s Challenges in Rearview, Sees Brighter Prospects for 2024
Motivated buyers, downsizing sellers expected to help 2024 rebound from tough year
Greater Phoenix's residential real estate market weathered unprecedented challenges in 2023, with factors such as a shortage of listings, record-high mortgage rates and hesitant sellers making it the toughest year for the market since 2009, according to the latest market data reports from Phoenix REALTORS®. Yet despite the challenges, REALTORS are turning their gaze towards a … [More]
Scottsdale Gallery Association Brings Back Gold Palette ArtWalks
In 2024, the Scottsdale Gallery Association continues its beloved Gold Palette ArtWalks, which occur as part of its weekly Thursday evening ArtWalk series. The first Gold Palette ArtWalk of the year, Demonstrate!, took place on Thursday, January 11th. During this special event, which takes place throughout the Scottsdale Arts District — along Main St. from Scottsdale Rd. … [More]
The Set Has Arrived! ‘Islander’ at Herberger Theatre Center
Staged with a contemporary folk-inspired score and epic storytelling, two performers reveal a world of characters, live-mixing and layering their voices to create a dazzling, unexpected soundscape as dramatic as the Scottish coastline. Eilidh is the only child on Kinnan Island, where most of the dwindling population has moved to the “Big Land.” As the island’s residents debate … [More]
SMoCA to Celebrate 25 Years at Spring Opening
A quarter-century ago, architect Will Bruder turned a former movie theater into the stylish Scottsdale Museum of Contemporary Art (SMoCA), and on Friday, Feb. 9, Scottsdale Arts will celebrate the 25th birthday of the Old Town museum. PHOTO: In the late 1990s, architect Will Bruder converted a former movie theater into what is now Scottsdale Museum of Contemporary Art. SMoCA … [More]
89% of People with Mortgages Have an Interest Rate Below 6%, Down from a Record 93% in 2022
Nationwide, 88.5% of U.S. homeowners with mortgages have an interest rate below 6%, down from a record high of 92.8% in mid-2022, according to a new report from Redfin, the technology-powered real estate brokerage. That means more than 88.5% of homeowners with mortgages have a rate below the current weekly average of 6.66%, prompting many to stay put instead of selling and … [More]
Governor Announces $89M for New Affordable Housing and Homeless Response
Governor Katie Hobbs and the Arizona Department of Housing (ADOH) have awarded $40 million in grants statewide from the newly-created Homeless Shelter and Services (HSS) Fund to provide shelter and other services to people experiencing homelessness. From day one, Governor Hobbs has demonstrated a commitment to investing in Arizona communities and supporting those in need. These … [More]
Bank Foundation Gives Local First Arizona Inaugural Grant for Business Skills Program
The Integro Bank Foundation is excited to announce its first grant award to Local First Arizona to support the We Rise Business Accelerator, a no-fee six-month program offering comprehensive and practical business skills to Arizona's Black entrepreneurs. "We are delighted to announce Local First Arizona as our inaugural grant recipient, demonstrating our commitment to … [More]
Ducey Appointed to U-Haul Parent Company Advisory Board
U-Haul Holding Company, parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today announced the appointment of Governor Doug Ducey as an Advisory Board Member. Doug Ducey is the CEO of Citizens for Free Enterprise (CFFE), an organization that stands at the center of the fight for continued American … [More]
Popular Master-Planned Community Opens Phase 4 after a Year of Success
Award-winning master-planned community developer Brookfield Residential announced that Alamar has officially opened Phase 4, a milestone marked by the unveiling of multiple amenities and homes that further enhance this one-of-a-kind community. Situated among the serene beauty of the Sonoran Desert in the shadows of the Sierra Estrella Mountains, Alamar is a thoughtfully … [More]
Intel Drives ‘AI Everywhere’ into Automotive Market at CES
Intel announces agreement to acquire Silicon Mobility SAS for advanced EV energy management and new AI-enhanced family of software-defined vehicle SoCs.
At CES, Intel announced plans to drive the company’s AI everywhere strategy into the automotive market, including a deal to acquire Silicon Mobility, a fabless silicon and software company that specializes in SoCs for intelligent electric vehicle (EV) energy management. Intel also announced: a new family of AI-enhanced software-defined vehicle system-on-chips (SoCs), with Zeekr … [More]
The New Year Brings an Uptick in Early-Stage Demand as Mortgage Payments Fall and More Homes Hit Market, Phoenix Area Highest in New Listings
As mortgage rates hold steady in the 6% range and new listings tick up, mortgage-purchase applications and Redfin home tours are rising
Pending U.S. home sales posted their smallest year-over-year decline in two years (-3%) during the four weeks ending January 7, according to a new report from Redfin, the technology-powered real estate brokerage. Mortgage-purchase applications are up 3% from a month ago, and Redfin’s Homebuyer Demand Index—a seasonally adjusted measure of requests for tours and other buying … [More]
Restaurant Group to Open in Mesa with Speakeasy Cocktail Lounge & Donut Shop
Crust Restaurant Group that operates Crust Simply Italian and Crust Pizzeria has announced plans to open a new Simply Italian restaurant with an attached speakeasy cocktail lounge and gelato and donut shop in Mesa this year. Plus, a new craft cocktail bar in Scottsdale, bringing its portfolio to eleven sites. The Mesa location of Crust Simply Italian located at The Grid (233 … [More]
Estate Planning Law Firms Merge, Expand Resources and Reach
Silverman Law Offices and Bernard Justice Johnsen have merged operations, effective Jan. 1, 2024. The company’s new name is Praesidium, Law, PLLC. Praesidium is the Latin word for protection. The firm, which focuses on estate-planning and probate and estate administration, will be directed by senior attorneys Louis A. Silverman and Bernard Justice Johnsen. The team includes … [More]
