Roosevelt Row officially has a new gathering place: Formation Brewing, now open at 925 N. Fifth Street. The locally rooted brewery invites guests to experience craft beer, inventive food and community in one of Phoenix’s most vibrant neighborhoods. Formation will celebrate its grand opening on Saturday, Nov. 8, with live music, giveaways, food and drink specials, and … [More]
Creative Tech Firm Expands with New HQ in Downtown Chandler
The Phoenix office of JLL has signed a 30,257-square-foot lease that relocates and expands the corporate headquarters of technology company Showit to downtown Chandler, Arizona. Founded in Santa Barbara, California, in 2006, Showit focuses on providing a no-code website building platform for creative entrepreneurs and website designers. With its new lease, the company joins … [More]
HomeSmart Names New President, Taps Seasoned Executive
HomeSmart, one of the nation’s fastest-growing real estate brokerages, announced the appointment of Stacey Onnen as president. Onnen is a seasoned real estate executive with more than 20 years of industry experience. She most recently worked in the legal technology sector and previously led a national initiative at Keller Williams. Earlier, she served as President at eXp … [More]
Suns and Mercury Ink $115M Arena Naming Rights Deal
The Phoenix Suns, Phoenix Mercury and United Wholesale Mortgage, announced a 10-year, nearly $115 million dollar naming rights partnership — one of the largest in the NBA and WNBA — to name the downtown Phoenix arena after UWM’s consumer-facing brand, Mortgage Matchup. The home of the Suns, Mercury and more than 100 sporting and entertainment events a year will now be named … [More]
Their Take: Disability-Inclusive Hiring Drives Real Economic and Social Gains
Savvy employers everywhere are elevating their workforce and simultaneously driving positive economic growth by hiring from the one in four adults in the U.S. who have some type of disability. The benefits of enhancing your team with an array of abilities are well known, but there are still some misconceptions about hiring from that 25% pool. The Department of Economic … [More]
GENIUS Act Sets Rules for Stablecoins, Promising Quicker, Lower-Cost Payments for SMBs
Stablecoins are digital tokens designed to maintain a stable value by being backed by assets such as U.S. dollars or government bonds. This summer, the GENIUS Act became law and requires stablecoin issuers to be licensed, audited and backed by safe assets. Regulations will roll out over the next 12 months, with full implementation no later than January 2027. Under the GENIUS … [More]
Scottsdale Firm Partners with Operator on 154-Unit Mesa Acquisition
Elevest Capital, a privately held real estate investment firm specializing in multifamily assets, announced the closing of Fund 61, completed in partnership with Rise48 Equity through the acquisition of a 154-unit Class B+ apartment community in Mesa, Arizona. The transaction strengthens their presence across the Sunbelt and underscores its commitment to growth in dynamic, … [More]
Cox Employees Fund $540K for STEM, Sustainability Projects, and Family Stability
Some in the philanthropy world are calling it a generosity crisis with fewer Americans donating to nonprofits. Cox, however, is helping to bridge the gap, increasing Arizona grants to at least $10,000 and some to $20,000. Cox employees, who fund Cox Charities through personal contributions, have raised $540,000 this year for nonprofits in the communities where they live and … [More]
Sundt Names CEO amid Executive Chairman Transition
Sundt Construction, Inc., one of the country’s largest general contractors, announced the promotion of Cade Rowley to President and Chief Executive Officer. Rowley, formerly President and Chief Operating Officer, succeeds Mike Hoover, who has transitioned to the role of Executive Chairman after serving as CEO since 2016. “Cade’s promotion to CEO is a milestone not just for … [More]
$4.3M Industrial Deal Brings New Manufacturing to West Phoenix
SVN | Desert Commercial Advisors announced the successful buyer-side representation in the $4.3 million acquisition of a well-positioned industrial property at 4002 N 36th Ave, Phoenix, AZ 85019. The buyer, Hilton Cabinets, was represented by the firm’s AZ O/I Team: Justin Horwitz, Richard Lewis, Sean Alderman, and Jillian Moyer. The freestanding facility checked all the … [More]
$147M Acquisition Secures 1.25M SF Glendale Distribution Center for Major Discount Retailer
Full-service commercial real estate firm Lincoln Property Company announced the sale of a 1.25 million-square-foot, Class A industrial building within its award-winning Park303 logistics park to Dollar Tree, Inc., one of North America’s largest value retailers. Park303 totals 210-acres and 3.75 million square feet of industrial space along the Loop 303 at Glendale Avenue in … [More]
$1.5M Pledge Fuels Phoenix Children’s Suicide Prevention Expansion
Carlisle Companies Incorporated has pledged $1.5 million to expand Phoenix Children’s Suicide Prevention Program, strengthening efforts to identify and support youth at risk for suicide. This new commitment builds on Carlisle’s initial investment, which launched the program’s pilot phase in March 2023. Since its inception, Phoenix Children’s Suicide Prevention Program has … [More]
West Valley Adds 292K-SF Flex Industrial Targeting Semiconductor Supply Chain
Provident Industrial, a division of the Dallas-based Provident, announced the completion of Orangewood Commerce Center, a premier 292,276 square foot Class A facility located at 6550 W Orangewood Avenue in Glendale, Arizona. Delivered on schedule in Q3 2025, the building marks Provident Industrial's first development in the Phoenix market. Orangewood Commerce Center is … [More]
Innovation Hub Opens in Phoenix to Pilot and Scale Construction Technologies
Hensel Phelps has officially opened the Diverge Innovation Center, a dedicated hub designed to advance construction technology and foster cross-industry collaboration. Located in Phoenix, the Innovation Center welcomed industry clients, trade partners, academia, tech solution partners and Hensel Phelps employees on September 24 with live demonstrations and interactive tours … [More]
Valley Manufactured Home Co. Acquires Multi-State Builder and Retail Network for $190M
Cavco Industries, Inc. announced that the Company completed the acquisition of the business of American Homestar Corporation and its subsidiaries, effective September 29, 2025. American Homestar, best known in the market as Oak Creek Homes, operates two manufacturing facilities, nineteen retail locations, writes and sells a limited number of manufactured home loans and acts as … [More]
Logistics Tech Startup Lands $37 Million in Funding for AI-Enabled Shipping Platform
RunBuggy, a technology platform transforming automotive transportation and logistics, announced the close of a $37 million Series B funding round led by Centana Growth Partners, a specialized growth equity firm that invests in financial services, technology, and related enterprise software. OMI Capital, one of RunBuggy's original investors, also participated in the round, … [More]
Credit Union Builds Out Valley Presence with Eight New Branches
America First Credit Union announced the opening of eight new branches across the state. The first location debuted in Goodyear on Sept. 15, with Mesa and Queen Creek branches slated to open in October. Five additional locations, in Surprise, Glendale, North Scottsdale, Tucson, and South Scottsdale, will follow through 2027. This expansion, creating over 80 … [More]
Abrazo Expands in West Valley with Buckeye Clinic
Residents of the West Valley now have access to more highly advanced healthcare closer to home as Abrazo Medical Group opens its newest clinic, a 21,000 square-foot space bringing a wide range of specialty care to the growing West Valley. “This is a great opportunity for our people to be able to get to a doctor and doctor’s services without having to drive miles into town. … [More]
