Atwell has continued to extend its reach by acquiring the operations of Terrascape Consulting, adding expertise in engineering and surveying to its resources in the Southwest. Terms of the transaction were not disclosed. Terrascape, founded in 2006, is based in Phoenix, Arizona. The company is deeply committed to client service and brings knowledge of the region's unique … [More]
Survey Finds 3 in 10 Companies Will Enforce a Full 5-Day In-Office Workweek This Year
ResumeTemplates.com, the leading platform for free professional resume templates and examples, from a January 2025 survey examining corporate return-to-office (RTO) strategies. The survey of 849 U.S. managers reveals that 27% of companies will require employees to work in-office five days a week by the end of the year, with many citing corporate trends and recent government … [More]
Kansas-Based Bank Expands Presence in Phoenix with Completed $2B Acquisition
UMB Financial Corporation announced that it will close the acquisition of Heartland Financial USA, Inc., effective at 11:59 p.m. As a result of this successful completion, UMB’s asset size will increase to approximately $68 billion (based on assets as of Dec. 31, 2024), expanding its geographic footprint from eight to 13 states. Arizona is a growing market for the bank. The … [More]
Arizona’s Build-to-Rent Boom: 14,000 New Single-Family Rentals in the Pipeline
As urban areas become more crowded and homeownership slips further out of reach, the build-to-rent (BTR) market is stepping in to fill the gap. Nationwide, more than 110,000 single-family rentals are under construction, set to increase the BTR inventory by 53.5% once completed. Arizona stands out as a major player in this expansion. Arizona’s Build-to-Rent … [More]
Phoenix Sky Harbor International Airport Surpasses Passenger Record
Phoenix Sky Harbor International Airport has broken another passenger record. 2024 is the busiest year ever in the airport's history. The year-end passenger numbers show a 7.5 percent increase from 2023's record-breaking numbers. In total, 52,325,266 passengers came through Phoenix Sky Harbor's terminals in 2024. “The airport continues to set the bar for record … [More]
Report: ASU Adds as Much Economic Impact as Hosting the Big Game, Times Eight
A new report Shows ASU contributes an estimated $32 billion
More than one in four working Arizonans with a bachelor's degree earned it from Arizona State University but the economic impact generated is a crucial benefit to the entire state. According to a new report from the Seidman Research Institute at the W. P. Carey School of Business, ASU's spending on operations and construction contributes, directly and indirectly, $6.1 … [More]
Day/Night Pizza and Cocktails Hotspot Announces South Tempe Location
Landing this summer, Night Owl Pizza & Drinks is bringing its signature mix of pinball, pizza and all-day/all-night patio fun to a new neighborhood nestled in the heart of South Tempe. Perched on the SW corner of Mill Ave and Alameda, this second-ever location will feature the same kicked back vibe, pairing premium pizzas, smashburgers, and punched up pub grub with craft … [More]
Esplanade Campus Completes $45 Million Renovation
Iconic property revitalized with 30,000 sf of new amenity space
The Esplanade office complex has completed a major renovation and upgrade of the prestigious four building campus in the Camelback Corridor located at 2425, 2525, 2575, and 2555 E. Camelback Rd. The $45 million renovation, added approximately 30,000 square feet of new amenity spaces, including a new conference center, tenant lounge, full-service restaurant, fitness center, … [More]
Premier Retail and Entertainment Destination in Scottsdale Acquired by Joint Venture
Acquisition of The Pavilions at Talking Stick, one of the premier retail and entertainment destinations in Scottsdale, by Pavilions SRPMIC De Rito JV, LLC, is complete. This strategic acquisition marks a significant milestone in the company's growth and commitment to enhancing the retail landscape in the region. Details of the deal were not disclosed. Located at the … [More]
Meta Opens First Phase of Mesa Data Center
Meta, the parent company of Facebook, celebrated the grand opening of its state-of-the-art data center in Mesa, Arizona. This milestone marks a significant investment in the region, with the facility spanning over 2.5 million square feet across five buildings. The project, first announced in August 2021, represents an investment exceeding $1 billion. The Mesa Data Center is … [More]
Phoenix Among Top Targets for CRE Investment in 2025, Says Survey
A recent survey of commercial real estate investors ranked Phoenix as a top 10 target among U.S. metros. Phoenix slipped three spots to #10 in CBRE’s 2025 U.S. Investor Intentions Survey. Investors are strategically focusing on gateway markets offering discounts and high-growth Sun Belt markets. Phoenix is recognized by investors for its pro-business environment, strong … [More]
Peoria Mixed-Use ‘Lifestyle’ Center Brings Multiple Restaurants and Retailers
From New American to simple Italian and contemporary Japanese, The Trailhead in Peoria plans to please a plethora of palates. A bevy of restaurants and retailers have signed on to the 40-acre, mixed-use development at 83rd Avenue and Happy Valley Road. Among them is Sparrow, a new concept by Sky Restaurant Group. Sparrow reunites Chef Schuyler Estes and former partner Parker … [More]
Arizona-Based Cybersecurity Firm to Provide Cyber-Protection at WMPO 16th Hole
Lumifi, a leading cybersecurity technology company, announces its role as the official cybersecurity partner and 16th hole sponsor for the 2025 Waste Management Phoenix Open (WMPO). Starting January 2025, Lumifi will provide enterprise-level cybersecurity services for the Thunderbird Charities, the organizer of the iconic PGA TOUR event, known for its record-breaking crowds of … [More]
New Contractor Association Sets Up in Arizona
The Western States Contractors Association (WSCA), a non-profit association of union contractor companies that specialize in heavy civil construction, has announced its establishment in Arizona. Heavy civil construction encompasses the work required to build roads, highways, bridges and rail projects—the backbone of infrastructure development. Charlie Nobles, executive … [More]
Chamber Gets Its Own Brew – For Charity
On Tuesday, February 4th, local Tempe Brewery, Catalyst Crafted Ales will begin the brewing process for the Tempe Chamber of Commerce beer. Tempe Chamber President and CEO Robin Arredondo-Savage explains, “We’re thrilled to partner with Catalyst Crafted Ales to bring this special brew to our community in support of the Tempe Chamber Foundation. This collaboration is a perfect … [More]
Chicago Developer Closes on Land for Luxury Condominium Project in North Scottsdale
Belgravia Group, Chicago’s award-winning real estate developer with more than 75 years of luxury developments constructed under its brand, has closed on the land for Atavia, an 88-unit luxury condominium development located in North Scottsdale’s “new luxury corridor” at Loop 101 and Scottsdale Road. The land closing is announced alongside robust sales velocity for the … [More]
Phoenix Sky Harbor Gears Up to Celebrate 90th Anniversary
A 90th anniversary might elicit images of a long look back at a full, storied life but Phoenix Sky Harbor International Airport is looking forward to a busy future as it counts down to its 90th anniversary this year. America's Friendliest Airport® is commemorating when the city of Phoenix paid $100,000 in 1935 to purchase a remote airfield nicknamed “The Farm" that today … [More]
Queen Creek’s Newest Shopping Center Set to Open Latest Retailers
Vestar, the largest privately held shopping center owner and manager in the western United States, celebrates significant milestones in the development of Vineyard Towne Center, its ground up project in Queen Creek. Several new tenants have officially opened, with more retail and service offerings set to join the open-air shopping center in the coming months. Spanning 260,000 … [More]
