Business Facilities magazine recently announced Arizona as a winner of its Economic Development Organization (EDO) Awards, marking the third year in a row that Arizona has been recognized for innovative economic development initiatives. Arizona was selected as one of 10 state winners for ConnectAllAZ, an initiative that furthers Arizona’s broadband expansion efforts to … [More]
Valley Nonprofit Announces Rebrand
Assistance League of Phoenix, which has served Arizona students and families for more than 64 years, is pleased to announce a rebrand that includes changing the organization’s name to Delivering Dreams of Arizona. “We are thrilled to share this exciting news with the community,” said Aimee Runyon, Chief Executive Officer, Delivering Dreams of Arizona. “The new name is a … [More]
Phoenix-Based Cognite Fuels Industrial AI Revolution with Inaugural Class of Cognite Fellows
Cognite, the global leader in industrial AI, announced the appointment of Torgrim Aas, Jan Eivind Danielsen, and Thorkild Stray as the inaugural class of Cognite Fellows. This landmark initiative underscores Cognite's deepening commitment to empowering customers with cutting-edge industrial Data and AI solutions while simultaneously building enduring know-how and … [More]
Popcorn Shop Pops Up at Phoenix Sky Harbor’s Terminal 4
Travel days just got a lot more delicious. Garrett Popcorn Shops, the world-famous purveyor of handcrafted gourmet popcorn, has officially landed in Phoenix Sky Harbor International Airport’s Terminal 4, with a sleek new walk-up shop designed by Ideation Design Group (IDG). Located in one of the busiest terminals at Sky Harbor, the new Garrett Popcorn location … [More]
IKEA Announces Two New Format Stores in Phoenix Metro Area
IKEA U.S. is excited to announce two new format stores in the Phoenix Metro Area. IKEA Phoenix will be the third IKEA store in the state of Arizona, joining IKEA Tempe, a standard full-sized store, and IKEA Scottsdale at The Promenade, a Plan & order point with Pick-Up, which opened May 7. “We are thrilled to offer Phoenix Metro Area residents more ways to shop and … [More]
Mesa’s Beach Destination Brings Wave of New Tenants
Cannon Beach, the premier destination fusing lifestyle and adrenaline in the heart of Mesa, is quickly transforming into a one-of-a-kind hub with 11 exciting tenants already open and more than 20 new businesses on the horizon. From crave-worthy eats to high-energy wellness and retail experiences, Cannon Beach is a playground for all ages and interests. This next-level … [More]
International Design Firm Names New Principal in Phoenix Office, Region
Ware Malcomb, an award-winning international design firm, announced Lynne Orlowski has been promoted to Principal in the firm’s Phoenix office. In this role, Orlowski will continue to lead the overall growth and management of the Interior Architecture & Design studio in the region. Since joining Ware Malcomb in 2015 as a designer, Orlowski has continually grown in her … [More]
Their Take: Q2 Economic Check-In – We’re in a Fiscal Pickle
As we have been expecting, 2025 is indeed proving to be the year of uncertainty and volatility. The global tariff storm is building with new developments almost daily. We’re calling Q2 ‘the fiscal pickle’ as the Fed grapples with high and increasing Inflation, while simultaneously dealing with a decelerating economy. Here’s What’s Happening Interest rates pushed steadily … [More]
Nonprofit Expands to High-Profile Location in Park Central
Park Central will soon become home to Dress for Success Phoenix, providing the nonprofit with an expanded and high-profile new location in the heart of Phoenix’s business community. Taking place on June 1, the move marks a significant milestone in the nonprofit’s mission to empower women, teens, and young adults to achieve economic independence through workforce development … [More]
Fast-Casual Restaurant Franchise Opens Second of Ten Planned Valley Locations
Moe’s Southwest Grill is set to open on Friday, May 16, in Peoria. The Atlanta-based fast-casual restaurant, known for its bold Southwestern flavors and signature “Welcome to Moe’s!” greeting, will be located at Lake Pleasant Crossing Shopping Center (24737 North Lake Pleasant Parkway). This marks the second of ten Moe’s locations planned by Arizona-based franchisees Tony and … [More]
Renowned Indianapolis Modern Steakhouse Makes Arizona Debut
Harry & Izzy’s brings signature hospitality to Paradise Valley
Huse Culinary, an Indianapolis-based restaurant and retail food group, announces its first location outside of Indiana with the opening of Harry & Izzy’s at the reimagined PV, formerly Paradise Valley Mall. With an approachable spin on the classic steakhouse, the upscale American grill concept is expected to begin construction within the next few months and open in early … [More]
Scottsdale-Based Developer to Bring 15 New Hyatt Studio Hotels, Including Arizona
Caliber, a real estate investor, developer, and manager, announced that it has entered into a Development Rights Agreement with an affiliate of Hyatt Hotels Corporation to develop 15 new Hyatt Studios hotels in the United States. Under the terms of the agreement, Caliber Hospitality Development will receive exclusive development rights for future development of Hyatt Studios … [More]
Credit Union Collaborates with Expert to Promote Financial Well-Being
Nicole Lapin, a New York Times Bestselling Author and personal finance expert, is collaborating with Desert Financial Credit Union to empower and promote financial well-being to Arizonans. "I've always been a huge believer in credit unions because they've consistently put people before profits. I've personally banked with credit unions for years because I love everything … [More]
Banner Sports Medicine Receives $1M Gift from Phoenix Suns, Phoenix Mercury
Donation will fund sports physicals and give athletes access to the most advanced training equipment
Banner Health announced the Banner Health Foundation has received a $1 million charitable gift from the Phoenix Suns, Phoenix Mercury and Phoenix Suns/Phoenix Mercury Foundation. The donation will help support professional-level training, testing and equipment for young athletes across the Valley. Leaders from Banner Health and the Suns and Mercury took part in Monday’s … [More]
Construction Safety Week: Prioritizing Safety on Megaprojects
The greater Phoenix Metro area is a growing destination for large-scale megaprojects, many of which are focused on technology-driven growth like data centers and colocation facilities. JLL’s North America Year-end 2024 report indicates that data center/colocation construction in Phoenix alone has grown nearly 200% since 2020. JE Dunn, ranked ninth for semiconductor … [More]
Industrial Complex in Mesa Sells for $51.5M
Commercial Properties, Inc., Arizona’s largest locally-owned commercial real estate brokerage, announced the sale of the Tailwinds at Gateway industrial complex totaling 172,244 square feet. Tailwinds at Gateway is a 172,244 SF Class A Industrial Complex in the Southeast Submarket of Phoenix, Arizona, which consists of 4 Multi-Tenant and 6 Single-Tenant Freestanding … [More]
Phoenix Industrial Absorption Remained Strong in Q1
Historic Deliveries of New Space Drive Vacancy to 11.2%
According to Colliers in Arizona, the Greater Phoenix industrial market posted 4.1 million square feet of net absorption during the first three months of 2025, continuing a record of strong leasing in the booming city and placing the metropolitan area as the third top market nationally in first quarter. Despite impressive net absorption, the city posted an increase of vacancy … [More]
Autonomous Vehicle Manufacturing Factory in Mesa Plans for Growth, Jobs
The U.S. is leading the world in the development and deployment of autonomous driving technology. Waymo One provides more than 250,000 paid trips each week across Phoenix, San Francisco, Los Angeles, and Austin, and the company is preparing to bring their fully autonomous ride-hailing to Atlanta, Miami, and Washington, D.C. in 2026. The company says that scaling Waymo One … [More]
