Scottsdale Tech-Based Real Estate Brokerage Tops $1B in Sales in First 18 Months

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RETSY, one of the fastest-growing tech-based luxury brokerages in the Valley, is proud to announce that it has surpassed one billion dollars in sales just 18 months after its launch. This impressive milestone earned the firm recognition and honors from Forbes Global Properties, a curated consumer marketplace that connects discerning buyers directly to the world’s finest homes … [More]

Home Sales Slow as Rising Mortgage Rates Drive Up Monthly Payments; Phoenix Price Cuts Top List

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The housing market continued to cool in September, though rebalancing from monumental appreciation is producing vastly different conditions depending on region and metro, according to Zillow®'s latest market report1. Affordability issues are driving the pullback in activity; steep prices mixed with high and volatile mortgage rates have stunted sales and frozen current owners in … [More]

Veteran-Founded Coffee Company Celebrates Grand Opening of Its First Location in Phoenix

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Black Rifle Coffee Company, a rapidly growing and mission-driven premium coffee company founded to support Veterans, active-duty military, and first responders, will celebrate the launch of its first Outpost in Phoenix, AZ with a grand opening event on October 22. The store is located at 4126 E. Indian School Road, Phoenix, AZ 85018. The celebration will kick off with … [More]

5 Tips to Uplift Female Entrepreneurs during National Women’s Small Business Month

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October marks the celebration of National Women's Small Business Month, which is dedicated to recognizing the accomplishments of women-owned businesses and the important role they play in the economy. Better Business Bureau Serving the Pacific Southwest (BBB) honors these trailblazing entrepreneurs and offers tips to support their successes. According to the World Economic … [More]

Airline Announces 4 New Destinations from Phoenix

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Breeze Airways, the Seriously Nice™ low-fare airline founded by aviation entrepreneur David Neeleman, is launching four new destinations from Phoenix, including nonstop service to Hartford, Richmond and Bentonville-Fayetteville, as well as one-stop/no plane change ‘BreezeThru’ flights to New Orleans. From Phoenix, AZ: Hartford, CT** (Thurs and Sun, starting February 9, … [More]

The Valley’s Largest Free Shred Day Event Returns at New Location on October 29

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Comerica Bank and Iron Mountain Incorporated, the global leader in storage and information management services, will securely shred sensitive paper documents for free as part of Shred Day Phoenix from 8 a.m. to 2 p.m. on Saturday, Oct. 29 in the Capitol Mall Area at West Jefferson Avenue and 17th Avenue. The event also will help fight hunger -- St. Mary's Food Bank will be … [More]

New Thunderbird School of Global Management Headquarters Features Immense Collection of Cutting-Edge Visualization Technologies

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Planar, a global leader in visualization technology, announced that Thunderbird School of Global Management at Arizona State University (Thunderbird) selected the company as the display technology partner for its new global headquarters in downtown Phoenix. In celebration of Thunderbird’s 75th anniversary, the new five story, 110,000-square-foot, high-tech facility features an … [More]

Arizona-Based Real Estate Developer Charts Aggressive Growth into Northeast with $200M in Industrial Developments

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Arizona-based Creation, a real estate development and alternative investment firm, announced today its official expansion into the Northeast as it moves forward with approximately $200 million in industrial developments across three marquee sites in New York and New Jersey. Creation has been pursuing opportunities in the region since early 2021, attracted by strong … [More]

Arizona Manufacturers Council Recognizes Award Winners at Manufacturer of the Year Luncheon

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The Arizona Manufacturers Council celebrated Manufacturing Month by recognizing outstanding Arizona companies and individuals for their excellent work and advocacy on behalf of the Arizona manufacturing sector. The award winners for 2022 were: Small Manufacturer of the Year: Poly Print Medium Manufacturer of the Year: TYR Tactical Large Manufacturer of the … [More]

Footprint Becomes Official Partner for Super Bowl, Goal of Making Greenest Event to Date

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The Arizona Super Bowl Host Committee announces Footprint as an Official Partner. The partnership highlights the shared commitment to community and resident well-being and the goal of making this Super Bowl the greenest event to date. Footprint, whose mission is to create a healthier planet and healthier people through the elimination of single-use plastics, is serving as an … [More]

First-Time Home Buyers are Back, Despite Affordability Challenges

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First-time home buyers have returned to the housing market and those who can afford a home are finding success after years of setbacks. The share of buyers purchasing a home for the first time has rebounded to pre-pandemic levels. First-time buyers now represent 45% of all buyers, up from 37% of buyers surveyed last year, according to Zillow's 2022 Consumer Housing Trends … [More]

Demand for Industrial Space in the East Valley Prompts Completion of 1.1 MSF Mesa Property at Near Capacity

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On behalf of Metro Commercial Properties, leading national design-build contractor Graycor Construction Company has delivered the final industrial buildings at Metro East Valley Commerce Center in Mesa, Arizona. Designated as Phases III and IV, the delivery totals five buildings and marks the completion of the 11-building, 1.1 million-square-foot Class A industrial project – … [More]

Chandler Takes 4th Spot on Opendoor’s ‘Top 15 Cities for Families’ List

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Finding a home that fits your dream list can be difficult. Add in a child (or two), and the criteria can get even tighter. Take the McGinnis family, which was on the hunt for a more spacious home that could accommodate two home offices in the Dallas area. "Working with Opendoor, my wife and I were able to buy a new home, sell our current house and skip the hassle of preparing … [More]

Housing Report for September 2022 Shows Minimal Listing Price Decreases in Phoenix

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Typical for this time of year, September home sales declined 9.7% from August across the report's 53 metro areas. That led to inventory climbing to two months' supply for the first time in nearly two years – an encouraging sign of a more balanced market to come. September's Median Sales Price of $400,000 was 6.1% lower than the year-high of $426,100 in June. … [More]

Nikola Completes Acquisition of Romeo Power

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Nikola Corporation, a provider of zero-emissions transportation and energy infrastructure solutions, today announced the completion of its acquisition of Romeo Power, Inc. (“Romeo” “We are pleased to complete the acquisition of Romeo and look forward to executing on the opportunities ahead,” said Michael Lohscheller, Nikola’s President. “The acquisition of Romeo will … [More]

Los Angeles Real Estate Firm Acquires 155-Unit Multifamily Property in Metro Phoenix

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Odyssey Properties Group, a multifamily investment sponsor and private equity real estate firm based in Los Angeles, has acquired Nola on 50th, a 155-unit multifamily community located in the Arcadia submarket of Phoenix, Arizona, for $37.25 million. Nola on 50th, which Odyssey will be rebranding as Parq on 50th, is the firms third acquisition in Arizona since entering the … [More]

2022 Hotel Business Travel Revenue Projected to Be Within 1% of 2019 Levels

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U.S. hotel leisure travel revenue is projected to end 2022 14% above 2019 levels, while hotel business travel revenue is expected to come within 1% of 2019 levels, according to a new analysis released today by the American Hotel & Lodging Association (AHLA) and Kalibri Labs. The projections are not adjusted for inflation, and real hotel revenue recovery will likely take … [More]

Scottsdale-Based Financing Co. Arranges Nearly $150M for New Arizona Build-to-Rent Developments

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Tower Capital arranged $185.7 million in financing for four Build-to-Rent (BTR) developments that will result in 740 units delivered in Arizona and North Carolina. The financing encompasses three new projects in the Phoenix market, including $67.4 million for Village at Carver Mountain, $59.6 million for Village at Sonoran Vista, and $21.2 million for Montana Del Sur, as well … [More]

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