Rockefeller Group, the U.S. real estate developer, owner, and operator, announced vertical construction has commenced on Corsica Villas at 20th St. and Corsica Villas at Euclid Ave. The build-to-rent (BTR) communities, Rockefeller Group’s first in Arizona, will deliver 152 townhome units to South Phoenix. Mosaic, a full-stack BTR development platform, was selected as the … [More]
Homebuilder Launches Smart Home Sales in Mesa Community
Landsea Homes Corporation, a publicly traded residential homebuilder, announced homes are now selling at Rialta in Mesa, Arizona. “With the growing demand for quality new construction in Mesa, Rialta provides a unique opportunity for homebuyers own a home in a community that combines modern design, sustainable living, and a prime location,” said Tom Sanford, Vice President … [More]
Arizona Ranks 1st in Worker Freedom and Economic Mobility
The American Legislative Exchange Council (ALEC) released States That Work: A Labor Policy Roadmap Across America, a groundbreaking publication ranking all 50 states based on their commitment to worker freedom and pro-growth labor reforms. Arizona claims the top spot, earning recognition as the nation’s leading example of how principled labor policy fuels economic … [More]
Arizona Is Among the Most Affected by Inflation
Phoenix losses reach 86% of interest gains over 40 years, study reveals
Many Americans see their account balances growing and assume they're building wealth, but don't realize how much of that growth is being canceled out by rising prices. A new study by RealWorldInvestor.com, an investing review site, has calculated how inflation will erode Americans' savings over the next four decades, revealing stark regional differences in how much of their … [More]
Phoenix Suns Make Official New Head Coach Hire
The Phoenix Suns have named Jordan Ott as the team’s head coach. Ott is a veteran basketball coach with nearly two decades of experience including 12 years in the NBA. “Jordan embodies the culture of excellence and accountability we're going to prioritize,” said Suns owner Mat Ishbia. “He is young, hungry and is ready to be an NBA head coach. His track record of developing … [More]
Opening of South Central Light Rail Extension/Downtown Hub Celebrated
5.5-mile light rail extension connects South Phoenix to Valley Metro Rail’s new two-line system
More than 5,000 community members, along with federal, state and local officials, gathered to celebrate the opening of the South Central Extension/Downtown Hub light rail expansion in Phoenix. The extension represents an historic milestone for Valley Metro Rail marking the system’s evolution to a 35-mile two-line rail system. The A line now travels east/west and the B line … [More]
Phoenix-Based Premium Chauffeured and Transportation Services Co. Names New CEO
Carey International, a renowned global provider of premium chauffeured services and ground transportation solutions and a portfolio company of The Najafi Companies, announced the appointment of Alexander Mirza as Chief Executive Officer. As CEO, Mirza will be responsible for strategic, operational and financial leadership of the company. Mirza will take over from Mitchell … [More]
Piper Names New Director of Eyes On Learning Coalition
Virginia G. Piper Charitable Trust has appointed Laura Smith as the new director of Eyes On Learning, a coalition of state, local, and national organizations dedicated to improving the vision health of Arizona’s children. About 1-in-4 school-age children have a vision problem that may affect their ability to learn. Healthy vision is especially vital in early childhood … [More]
Avnet’s New HQ Building Purchase Sparks Tempe Move
Avnet, Inc., a leading global technology distributor and solutions provider, purchased a 150,000-square-foot Class A office building in Tempe that will serve as Avnet’s new global headquarters. Transwestern Real Estate Services represented ElmTree Funds, LLC in the sale of the property at 2155 East GoDaddy Way in Tempe. The transaction marks the second largest investment … [More]
Main Street Labor Market Weakened in May
Small business owners continue searching for qualified applicants
NFIB’s May jobs report found that 34% (seasonally adjusted) of small business owners reported job openings they could not fill in May, unchanged from April, and the lowest since January 2021. “Amid uncertainty, small business owners’ hiring plans remain subdued in May,” said Chief Economist Bill Dunkelberg. “Compensation pressures have also eased offering some much needed … [More]
