Banyan Residential, a Los Angeles-based private real estate investment firm, in partnership with national developer Milhaus, has commenced construction on the first phase of a new 515-unit luxury apartment community in Phoenix, Arizona. Phase one, a $117M development consisting of 320 units, is expected to be complete in Q4 2025. UMB, with syndication by First Merchants and … [More]
Can the Valley of the Sun become Silicon Valley 2.0?
Is Arizona the new Silicon Valley? It certainly could be. A perfect storm of opportunities is brewing with manufacturing, electric vehicles and technologies like artificial intelligence. One missing ingredient is a more widespread investor appetite to go big. But AI could change that and level the playing field, according to one Arizona State University … [More]
Phoenix-Based Co. Launches New Airbnb Specialization Approach for Realtors
At a time when headlines are circulating news of "Airbnb's decline", a new Airbnb-focused educational brand, Property Alpha, remains bullish about the future of short-term rentals and is betting big on its co-founder's ability to help others replicate his success as an Airbnb Realtor. Property Alpha launched "Airbnb Realtor Mastery" to help realtors boost … [More]
Property Manager Selected for Retail Component of Arizona’s Largest Urban Commercial Development
Vestar, one of the leading privately held shopping center owners and managers in the western United States, announced that they have been selected as the primary property manager for the hospitality district within Novus Innovation Corridor, ‘Novus’. The groundbreaking 355-acre project is redefining urban mixed-use developments, creating a fully walkable, sustainable … [More]
Quick-Casual, Pick-Up and Delivery-Driven Restaurant Concept Continues Rapid Expansion throughout Valley
Thai Chili 2 Go, the quick-casual, pick-up and delivery-driven restaurant concept featuring authentic and scratch-made Thai cuisine, recently opened its newest location in Maricopa — and already the store is No. 1 among the brand’s multiple locations valley wide. Meeting a need for quality, quick-casual dining has proven successful for Thai Chili 2 Go. With currently 15 … [More]
City, Chamber Partnership Helps Tempe High Schoolers Boost Professional Development
More than 30 local students spent their summer break gaining work experiencing and building professional skills thanks to the Career Ready Tempe program, which matches students with Tempe businesses for a six-week paid summer internship. This year, 18 businesses participated as internship host sites, which doubled last year’s number. This allowed for 31 student internships, … [More]
Greater Phoenix Chamber Announces 11 Finalists for Athena Awards
The Greater Phoenix Chamber announced the 11 women chosen as finalists for its prestigious 36th Annual ATHENA Awards, continuing its strong tradition of recognizing outstanding Valley businesswomen. The ATHENA Businesswoman of the Year Award recognizes a woman in the public and private sectors and highlights an upcoming leader in the Valley as an ATHENA Young Professional. … [More]
First-Time Homeownership Surges: Half of All Home Buyers Are Making Their First Purchase
Half of all home buyers are purchasing their first home, the highest share that Zillow has ever recorded. Zillow's 2023 Consumer Housing Trends Report finds that first-time buyers now make up 50% of all home buyers, up from 45% last year and a meaningful jump from 37% in 2021. The share of first-time buyers likely hasn't been this high since around 2010, when there was a … [More]
Valley Bank Rolls Out New Banking Services Specifically Designed for Nonprofits
Stearns Bank N.A. recently launched its Nonprofit Banking Solutions, a suite of customized banking services and financing options designed specifically to meet the unique needs of nonprofits. Stearns Bank's Nonprofit Banking Solutions was developed to benefit its fast-growing, diverse nonprofit customer base across the nation, inspired in collaboration with its third-party … [More]
Partnership Offers Training to 350,000 Healthcare Professionals amid Ongoing Staffing Shortages
Dignity Health Global Education, a premier workforce development solutions provider that enables healthcare organizations to upskill and retain top talent, announces its partnership with ShiftMed, the industry leading platform that allows healthcare professionals to work when and where they want, to help combat healthcare staffing shortages amid critically high industry … [More]
$100,000 Grant Fund for Metro Phoenix Black Women Entrepreneurs Announced
The Tempe Chamber of Commerce Foundation and Wells Fargo are collaborating to offer a grant fund of $100,000 to support Phoenix-area Black women entrepreneurs. The grant will open August 22nd and close at 5 p.m. on September 22, 2023. Applicants can apply online here. The grant is poised to assist Black women-owned business owners to develop and grow their businesses.“The … [More]
ASBA Paves Way to Economic Empowerment with Launch of New Growing Opportunities Cohort
The burden of a criminal record makes securing employment and achieving economic security seemingly impossible due to stigma, criminal background checks, and occupational licensing restrictions. The Prison Policy Initiative reported the unemployment rate for formerly incarcerated individuals stands at approximately 27% in the U.S, surpassing even the total unemployment rate … [More]
New Luxury Valley Hotel Joins Elite Group of the World’s Most Exceptional Hotels ahead of November Opening
A decade in the making, The Global Ambassador shares new details today and a first look inside as Sam Fox prepares to bring his debut hotel to life this November. The Global Ambassador is proud to announce a partnership with Preferred Hotels & Resorts Legend Collection, the ultimate portfolio of exceptional properties in the world’s most remarkable destinations. The hotel … [More]
Barrow Neurological Institute’s Innovative Laboratory Expands to Park Central
Barrow Neurological Institute is partnering with Plaza Companies and Holualoa Companies to develop an innovative new 10,000-square-foot dry laboratory at Park Central that will further establish Phoenix as a destination center for medical discovery. Investigative work at the Barrow Neuro Analytics Center will span nearly all categories of neurologic diseases, including … [More]
New Gated Townhome Community in Arcadia Opens to Residents
A Phoenix-based, newly built gated townhome community, Willow 38, recently welcomed its first residents. Willow 38, nestled in the Arcadia neighborhood, is an energy-efficient community enabled with smart home technology and constructed with sustainable building materials. As a MEB Management Services community developed by Raintree Investment Corp., Willow 38 offers three … [More]
Two Affiliated Phoenix-Based Companies among U.S.’s Fastest-Growing
Inc. Magazine unveiled today its list of America's fastest-growing private companies, including two affiliated organizations: Creation, a versatile firm involved in real estate development, hospitality brand creation and alternative investments, landing in the top 10% for its second consecutive appearance; and LGE Design Build, a premier design-build construction firm, making … [More]
Build-to-Rent Community in Glendale Breaks Ground
Mosaic, the nation’s leading institutional-grade general contractor, has broken ground on Avilla Palomino, a new build-to-rent (BTR) community, by NexMetro Communities, with 197 cottage-style apartments and amenities in Glendale. The new community helps alleviate the shortage of high-end rental home options for families and individuals in the Phoenix metro area. Avilla … [More]
Increased Financing Costs Top the List of Credit Concerns for Small Business Owners, Says Survey
NFIB’s Research Center released a follow-up survey following NFIB’s first banking survey released earlier this year. This survey asked small business owners about their banking activities and their experience in accessing credit. The survey was conducted by email from July 20-26, 2023. “The health of the financial system is essential to small business operations,” said Holly … [More]
