NFIB’s July jobs report found that 33% (seasonally adjusted) of small business owners reported job openings they could not fill in July, down three points from June and the lowest level since December 2020, though still well above the monthly historical average of 25%. In fact, 21% of small business owners cited labor quality as their single most important problem in July, up … [More]
Celebrating 20 Years, Valley Legal Team Elevates Commitment to Giving Back
Lerner & Rowe Injury Attorneys is currently celebrating its 20th year. Established in 2005, the law office of Lerner & Rowe was founded upon the principles of quality representation and a dedication to client service and satisfaction. In conjunction with these founding principles, its legal team’s wealth of knowledge and experience in all aspects of personal injury … [More]
Home Price Declines Signal Power Swing Toward Buyers
The median home-sale price fell in 14 of the 50 most populous U.S. metro areas this week, according to a new report from Redfin, the real estate brokerage powered by Rocket. Oakland, CA saw the biggest drop, with a 6.8% year-over-year decline, followed by two Florida metros and two Texas metros: West Palm Beach (-4.9%), Jacksonville (-3.1%), Austin (-2.9%) and Houston … [More]
Autonomous Trucking Moves Into Phoenix with New Shipping Terminal
Aurora Innovation, Inc., announced a significant expansion of its commercial operations, including surpassing 20,000 driverless miles at the end of June, recently growing its driverless fleet to three trucks, beginning driverless commercial operations at night, and opening its Phoenix terminal. “Efficiency, uptime, and reliability are important for our customers, and Aurora … [More]
Build‑to‑Rent Surge Spurs Developer Expansion Into Scottsdale
Sunstone Two Tree, a developer and operator of rental housing communities in high-growth markets across the United States, announced that it has opened an office in Phoenix, Arizona. Based in The Promenade office park in North Scottsdale, the new space will offer ongoing support to the company's growing operations in the state, which include a development pipeline of numerous … [More]
$33B Data Center Park Planned for Phoenix-Tucson Metropolitan Corridor
Arizona land developer Vermaland, LLC unveiled plans for a $33 billion data center industrial park that would become the largest such development in the United States, positioning the Phoenix-Tucson corridor to compete directly with Northern Virginia's "Data Center Alley" for tech industry investment. The 3,300-acre complex would support up to 3 gigawatts of power capacity, … [More]
College Partnership Brings Career‑Ready Manager Program to Power Arizona’s Service Sector
Mesa Community College and Northern Arizona University have launched a new transfer pathway allowing students in MCC’s Beauty and Wellness program to earn a bachelor’s degree in strategic leadership from NAU at a fraction of the traditional cost—without needing to relocate. This innovative option, called a 90/30 bachelor’s degree pathway, enables students to complete up to … [More]
ACA Opens 2025 Arizona Innovation Challenge Applications
The Arizona Commerce Authority announced it is accepting applications for the Fall 2025 Arizona Innovation Challenge, one of the nation’s largest business plan competitions. This year, the Arizona Innovation Challenge will feature a Fall 2025 cohort and Spring 2026 cohort, with investments for the most promising companies taking place in partnership with investors and venture … [More]
Ancestry.com Acquires Scottsdale-Based Media Preservation Co.
Ancestry, a leader in family history, today announced its acquisition of iMemories, a pioneer in media digitization and cloud-based content preservation. This is an important next step in enabling Ancestry to deliver on its mission to connect everyone to their past so they can discover, preserve and share their unique family stories. iMemories transforms analog … [More]
Phoenix Sky Harbor Celebrates 90 Years; Now Arizona’s Largest Economic Engine
America’s Friendliest Airport held the PAW-ty of the year to celebrate its 90th anniversary. Phoenix Mayor Kate Gallego, Phoenix City Councilwoman Kesha Hodge Washington, and city and aviation leaders gathered to commemorate the purchase of a rural airport 90 years ago. That rural airport, Sky Harbor, was nicknamed “the Farm” during that time because of its location. The city … [More]
Return‑to‑Work Drives Major Chandler Office Expansion
Toyota Financial Services, the finance brand for Toyota in the United States, is expanding its office presence in Chandler, Arizona, to support long-term operational needs. The company has leased an additional 40,000 square feet of office space at its current location, 1650 S. Price Road, and now occupies the entire 120,000-square-foot building. TFS first established a … [More]
Landmark Scottsdale Hotel Lands $23M Loan for Rebrand and Relaunch
Lionheart Strategic Management LLC, an affiliate of Fisher Brothers that manages capital on behalf of third-party investors, and Schroders Capital, the private assets division of Schroders, announced that it has provided a $23.5 million mezzanine loan to Namastay Development and Hospitality Capital Partners for the renovation and recapitalization of The Monarch, a 194-key hotel … [More]
The Death of Work-Life Balance: How to Protect Your Peace and Prioritize What Matters
Work-life balance is tough, and for most of us, it’s starting to feel like a thing of the past. Companies are demanding long hours and more hustle. Remote workers are being called back to the office and the ones still at home are stuck in “always on” mode. With layoffs happening left and right, everyone feels the pressure to constantly prove their worth. No surprise we’re all … [More]
Affordable Homes Outpace Market, Posting 4% Growth in June Sales
Sales of starter homes rose 3.9% year over year in June to the highest level in two years, a bright spot in an otherwise sluggish housing market where sales fell across other price tiers. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. June was the 10th consecutive month in which home sales rose year over year, indicating that … [More]
Western Alliance Bank Directs $800K Grant toward Affordable Tribal Housing
Western Alliance Bank announced, in collaboration with the Federal Home Loan Bank of San Francisco, an $800,000 grant awarded to the Yavapai-Apache Nation to support capacity building for affordable housing development. This grant funding will support Yavapai-Apache Nation Tribal Housing construction of Yavapai-Apache Homes IX. This 38-unit new construction project offers a … [More]
Avondale Unveils Facility to Support Growing K‑9 Operations
Willmeng Construction and the City of Avondale recently celebrated the completion of the new Avondale Police Department K-9 Training Facility. This state-of-the-art training center, designed by Perlman Architects, was specifically designed to support the intensive training and operational needs of Avondale’s highly skilled K-9 teams. The facility, located at 50 N. Eliseo C. … [More]
Tempe Gains New Co‑Warehousing Facility Aimed at Supporting Small‑Scale Businesses
Design-build general contractor ARCO is partnering with WareSpace on the transformation of a 70,000-square-foot facility into a state-of-the-art, micro-bay industrial space and co-warehousing hub designed to meet the needs of small and medium-sized businesses in the Phoenix market. Located at 9801 S. 51st Street in South Tempe, the new WareSpace facility is strategically … [More]
Valley Schools Get a Security Boost with AI Technology
Verkada, a leader in AI-powered physical security technology, now partners with schools and universities that collectively serve an estimated 20 million students and 2.5 million teachers and staff worldwide, including schools that educate approximately half of the students in Arizona. With increasing demands on school safety and operations teams, many education leaders are … [More]
