Arizona Lithium Limited, a company focused on the sustainable development of two large lithium development projects in North America, the Big Sandy Lithium Project (“Big Sandy”) and the Prairie Lithium Project (“Prairie”), held an official grand opening with a ribbon cutting ceremony of the Lithium Research Center in Tempe, Arizona. Arizona Lithium was joined at the ribbon … [More]
Multifamily Developer Expands Phoenix Presence with Two New Communities
National multifamily developer Wood Partners announced the start of construction on Alta Dove Valley in Phoenix and Alta 87 in Gilbert, Arizona. These new communities bolster Wood Partners' presence in Arizona, bringing its total to 24 starts in the state since the Great Financial Crisis. "Phoenix has, and continues to, experience significant in-migration due to its … [More]
Chef/Restaurateur Opens Uptown Phoenix’s Newest Restaurant Concept in Historic Beefeater’s Steakhouse and Southern Rail Spot
Renowned Phoenix chef/restaurateur, Doug Robson, is opened an all-new restaurant, Tesota, in the heart of Uptown Phoenix. Open daily for lunch, dinner and happy hour, Tesota (300 W Camelback Rd., Phoenix, AZ) is the newest creation from Robson, the chef/partner behind Gallo Blanco and Otro Café in Phoenix. Nestled inside the stunning indoor-outdoor space that previously housed … [More]
Regional Bank Names New Arizona President
UMB Bank, a subsidiary of UMB Financial Corporation, has announced John Damiris as its new regional president for the Arizona market. Since relocating to the state in 2005, Damiris has spent nearly two decades building UMB’s Arizona presence from the ground up. During the last 15 years, Damiris and UMB have seen average loan balances in Arizona increase from $57.0 million to … [More]
Research Initiative Advances Arizona’s Semiconductor Ecosystem by Using Sound-Based Technology
The Partnership for Economic Innovation (PEI), a passionate collective of business and community leaders dedicated to accelerating Arizona’s economic opportunities, announced Crystal Sonic, a Phoenix-based hard-technology start-up, is joining its industry-leading Applied Research Center. This public-private partnership with researchers at ASU will advance chip manufacturing … [More]
Grand Opening of Luxury Rental Home Community in Phoenix
Sustainable Luxury Phoenix’s Zora Encanto
Suncrest, a leading residential master-developer, is making waves in Phoenix with recent grand opening of their luxury rental home community – Phoenix's Zora Encanto – a first in their planned national portfolio of Zora Living communities, Zora Encanto celebrated their Grand Opening on April 13, and sets a new standard for sustainability and superior living. Located near … [More]
Florida Hotel REIT Announces First Arizona Acquisition, Adds Exposure to Booming Phoenix MSA
Chatham Lodging Trust Acquires Home2 Suites Phoenix Downtown
Chatham Lodging Trust, a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, announced that the company has acquired the recently opened, 148-room Home2 Suites by Hilton Phoenix Downtown for $43.3 million or approximately $293,000 per room. The institutional quality, six-story hotel sits in … [More]
Phoenix #3 on Top 20 List of U.S. Metros Poised to Win in Manufacturing Boom
All $39 billion from the landmark CHIPS and Science Act is going to be allocated by the end of the year according to a recent announcement by the U.S. Government, incentivizing onshore semiconductor production with considerable tax breaks and direct grants. At the same time, cleantech tax credits, advances like solid-state EV batteries and a spike in investor interest for … [More]
Arizona Leads the Nation with 62% Surge in Home Insurance Rates over 5 Years
Across the U.S., home insurance rates have risen 37.8% since 2019. A significant portion of this increase is likely due to rising home prices. As home prices spike, so does the cost to insure them. Inflation and its effect on building materials also play a role. Although inflation has started to cool, the cost of building materials remains higher than in 2019, meaning the cost … [More]
ASU Receives $1 Million Grant to Lead Change in Study Abroad
The Council on International Educational Exchange (CIEE) has selected Arizona State University (ASU) as one of four nationally recognized institutions of higher education to receive $1 million in matching grants over four years to establish new study abroad programs that will advance institutional goals while improving student outcomes. ASU’s College of Liberal Arts and … [More]
Arizona’s Top Ranked ‘Side Hustle’ is Podcasting, Says Study
New research has discovered the most Googled side hustles in Arizona, with Podcasting at the top of the list. Knowledge entrepreneurs at Freedom Bound Business analyzed the total average number of monthly Google searches for terms related to side hustles, including ‘how to start [side hustle]’ and ‘how to make money from [side hustle]’ to determine which ones citizens are most … [More]
Phoenix Named Zillow’s Best Market for College Grads
College seniors who visited Phoenix for last month's NCAA basketball championship might consider staying and putting down roots. Phoenix is the best market for this year's college grads, boasting the best combination of rental affordability and concessions, job prospects and neighbors in their 20s for the class of 2024 to start life's next chapter on a high … [More]
Phoenix-Based Pickleball Franchise Names Official Apparel Provider
Pickleball Kingdom, headquartered in Phoenix, Arizona, is celebrated for its state-of-the-art facilities and dedication to promoting the sport of pickleball. The partnership with Original Penguin underscores Pickleball Kingdom's commitment to providing its community with the best resources and experiences. "We're thrilled to welcome Original Penguin as our official apparel … [More]
Multifamily Investment Co. Secures Approval for New Housing Project in Mesa
Neighborhood Ventures, a leading real estate investment company utilizing crowdfunding to enable both accredited and non-accredited investors to invest in multifamily properties, announced today that the Mesa City Council has unanimously approved their zoning application for the site of the former American Inn on Country Club Road and Southern Avenue. The 6-0 vote paves the way … [More]
Airbnb Partners to Offer EV Charger Discounts; Searches for EV Chargers in AZ Surge by 113%
As part of our ongoing work to support the sustainability goals of our hosts and guests, Airbnb is partnering with ChargePoint, a leading provider of networked charging solutions for electric vehicles (EVs), to make it easier for hosts to install EV chargers at their listings and expand access to EV chargers across the US. This partnership comes at a time when Airbnb guests … [More]
Over $8.3M in Rebates for Clean School Buses across Arizona Announced
In a significant move, the Biden-Harris Administration today announced the recipients of the U.S. Environmental Protection Agency’s (EPA) 2023 Clean School Bus Program rebate competition, a key initiative under President Biden’s Investing in America agenda. The rebates, totaling $8,345,000 for Arizona, will enable selectees to purchase 30 clean school buses in 10 school … [More]
Four New Leases in SkySong 2 Building Bring Project to Near Capacity
SkySong, The ASU Scottsdale Innovation Center has experienced a flurry of leasing activity in recent weeks that has brought the project closer to capacity. Four new leases signed recently, all in the project’s SkySong 2 building, total more than 10,400 square feet. The five-year leases range in diverse uses, including GH2 Architects which signed for a 3,563-square-foot … [More]
48-Acre Industrial Park Breaks Ground Near Glendale’s Sports and Entertainment Corridor
VanTrust held a ceremonial groundbreaking event for Phase I of the 48-acre VT 101 industrial park, which will consist of three buildings totaling 750,000 square feet. Elected officials, City staff and the project team gathered to celebrate the occasion. VT 101 is located along Loop 101 at the southwest corner of North Ballpark Boulevard and 99th Avenue, adjacent to … [More]
