Greater Phoenix’s residential home sales in June boasted a 3% increase in closed sales, a 12% jump in listings and just a 3% drop in pending sales, according to the latest year-to-date single-family market data from Phoenix REALTORS. “While June numbers were better than expected, it’s important not to get ahead of ourselves by thinking the market is bouncing back,” said … [More]
Sundt Construction Set to Build Largest Apache Junction Industrial Building
Sundt Construction, Inc. received zoning approval at the Tuesday, July 15 Apache Junction City Council meeting to construct a 65,000 square foot manufacturing facility. The new industrial building will be the largest in Apache Junction and is expected to bring approximately 100 jobs to the city. Sundt is currently in escrow to purchase this 36-acre parcel located west of the … [More]
Queen Creek, Buckeye Unveil New Water Source through Transportation Order
The Arizona Department of Water Resources finalized a Transportation Order approving the importation of groundwater from the Harquahala Groundwater Basin to the City of Buckeye and Town of Queen Creek. This first-ever transportation approval from ADWR creates a new water source opportunity that will add to Arizona’s diverse and robust water portfolio. The City of Buckeye and … [More]
Home Inventory Hits 5-Year High as Price Cuts Surge
Slower demand from buyers has more homes for sale now than at any time since 2019, according to the latest market report from Zillow. With homes lingering on the market and less competition for them, a long-anticipated balance of power between buyers and sellers looks to have finally arrived. Price cuts are most common among Sun Belt and Mountain West markets that witnessed … [More]
Copper State Credit Union Names New Chief Financial Officer
Copper State Credit Union announced the appointment of Joel A. Gallon, CPA, as its new chief financial officer. With over 25 years of experience in financial services and a deep commitment to community-focused banking, Gallon brings a wealth of expertise and a people-first philosophy to the role. “Joel brings a rare combination of financial expertise and a deep understanding … [More]
East Valley Mixed-Use Development Marks 100% Occupancy, Strong Lineup of New and Upcoming Tenants
Vestar, a privately held shopping center owner and manager in the western United States, has announced that Vineyard Towne Center in Queen Creek is now 100% leased, with a strong lineup of new and upcoming tenants ready to meet the needs of this rapidly growing community. A 145,000-square-foot Target is on track to open this October, joining a strong mix of upcoming tenants … [More]
Western Alliance Taps J.P.Morgan Exec as Incoming CFO
Western Alliance Bancorporation announced a planned transition in the Chief Financial Officer position, with Vishal Idnani joining the Company to assume the role of CFO and Dale Gibbons transitioning to a new leadership position focused on the Company’s organic deposit strategy. Idnani will become Chief Financial Officer effective January 2, 2026, reporting to Western Alliance … [More]
Valley-Based Bank to Retire Six Division Bank Brands, Bringing Alignment
Western Alliance Bank unveiled plans to unite all of the Bank’s divisions under the Western Alliance Bank brand. By year-end, six division bank brands – Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank – will take on the Western Alliance Bank name. The Bank’s AmeriHome Mortgage subsidiary and its … [More]
Valley Culinary Co. Secures 15-Year Deal to Expand ASU Hospitality
Steve Short Culinary Team, provider of chef-driven service and hospitality innovation, announced a landmark 15-year partnership with Aramark that significantly expands its presence at Arizona State University. This agreement builds upon SSCT’s 22-year legacy of serving the ASU community and reflects a deep alignment between two organizations that share a commitment to … [More]
$200M AI-Powered Defense Factory to Bring 350 Jobs to Mesa
Hadrian, the advanced manufacturing company building AI-powered factories for America, announced plans to establish a large-scale manufacturing and software hub, known as Factory 3 in Mesa, Arizona. The 270,000-square foot facility represents a $200 million investment, which will support raw materials to complete mission-critical systems. Expected to be fully operational in … [More]
Iconic PV Resort Announces $24M Renovation to Transform Luxury Well-Being Experience
JW Marriott Scottsdale Camelback Inn Resort & Spa announced a $24 million transformation of The Spa at Camelback Inn that will redefine the resort’s luxury well-being experience in Paradise Valley, Ariz. As one of Arizona’s most renowned wellness destinations and original full-service resort spas, the reimagined Spa at Camelback Inn is set to debut in January 2026, offering … [More]
Neighborhood Practice Rebrand Underscores Trend Toward Holistic, Family-Centered Care
After more than 30 years serving the Moon Valley community as Simpson Dental, the long-standing neighborhood practice has entered a new chapter as Nurture Smiles and Wellness. Under the leadership of Dr. Lauren P. Salvatore, DDS, the rebrand reflects a broader commitment to whole-family care and a more integrated approach to wellness. “In today’s world, families are looking … [More]
Scottsdale Hearing Aid Co. Adds C-Suite, Advisory Board, Community Initiative in Growth Push
Audien Hearing, the over-the-counter hearing aid company, announced three major initiatives that mark a transformative step in the company's evolution to meet massive demand: the formation of its Advisory Board, the hiring of two seasoned C-suite executives, and the launch of Audien Cares, a corporate social responsibility project that expands hearing aid access for underserved … [More]
New Peoria Build Pushes Scottsdale Firm’s Self-Storage Pipeline to 2M SF
Willmeng Construction broke ground on a state-of-the-art self storage facility in Peoria. Garrett Development Corp is the developer of this new facility. The property is located in a county island within the City of Peoria borders. It sits along the east side of Lake Pleasant Parkway, a main arterial road in Peoria. “We’re very excited to start this project, which is our … [More]
Lucid Partners with Uber, Nuro on 20K Vehicle Robotaxi Deal
Lucid Group, Inc., Nuro, Inc., and Uber Technologies, Inc. announced a next-generation premium global robotaxi program created exclusively for the Uber ride-hailing platform. Expected to first launch later next year in a major US city, the new robotaxi service combines the industry-leading software-defined vehicle architecture of the Lucid Gravity, the scalability and proven … [More]
$2.2B Acquisition to Expand National Investor’s Footprint in Phoenix
Starwood Property Trust, Inc. announced that the Company has entered into a definitive agreement to acquire Fundamental Income Properties, LLC, a fully integrated net lease real estate operating platform and owned portfolio, for approximately $2.2 billion. Fundamental, currently owned by Brookfield Asset Management, operates a vertically integrated net lease … [More]
Glendale Build-to-Rent Project Fully Capitalized with $43M in Funding
Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced that its offering, Capital Square Glendale BFR, LLC, has been fully capitalized. The Regulation D private placement, consisting of a 320-unit build-for-rent community in Glendale, Arizona, raised over $43 million in … [More]
Legacy Valley Contractor Rebrands Following Strategic Restructuring
Agate Construction, a well-established general contracting firm based in Arizona for over 50 years, is rebranding as Primak Construction Group following a strategic restructuring between longtime business partners Rick Nichols and Lou Primak. The decision to rebrand comes as part of a “spin-off” agreement, with Primak assuming full ownership of the construction business … [More]
