The NFIB Small Business Optimism Index fell by 2.3 points in January to 102.8. This is the third consecutive month above the 51-year average of 98. The Uncertainty Index rose 14 points to 100 – the third highest recorded reading – after two months of decline. “Overall, small business owners remain optimistic regarding future business conditions, but uncertainty is on the … [More]
388-Unit Multifamily Property Sells for $131.1M in Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced that it advised Rockpoint and The Related Group (Related) on the sale of Town Deer Valley, a 388-unit multifamily asset in Phoenix, Arizona. The property sold for $131.1 million, which represents $337,887 per unit. “Town Deer Valley is perfectly positioned to capitalize on the … [More]
Prep Academy Reimagines High School with First-of-Its-Kind Hybrid Program
A revolutionary high school experience that puts students in control of their own learning is coming to Tempe, Arizona. ASU Prep Tempe powered by The Levitt Lab, prioritizes purpose over grades, passion over pressure and progress over conformity. Located in the heart of ASU’s Tempe campus, the tuition-free public school is now enrolling students in grades 9-12 for fall … [More]
Phoenix Children’s Reaches New Multi-Year Agreement with Blue Cross Blue Shield of Arizona
Phoenix Children’s announced it has reached a new, multi-year agreement with Blue Cross Blue Shield of Arizona, ensuring patient families with Blue Cross Blue Shield insurance coverage can receive the care they need at in-network benefit levels. “We recognize this has been a difficult time for families navigating out-of-network coverage options. … [More]
Salt River Bridge Lighting Enhancement to Bring New Landmark to South Central Extension/Downtown
The Salt River Bridge will soon become an illuminated gateway between downtown and south Phoenix, as the South Central Extension/Downtown Hub (SCE/DH) light rail project continues to make investments in this corridor. This lighting feature, being added to the bridge this spring, will create an important, visual connection between these two communities and help welcome residents … [More]
17% of Homeowners with Mortgages Have an Interest Rate of at Least 6%, the Highest Share in Nearly a Decade
Nationwide, 17.2% of U.S. homeowners with mortgages have an interest rate greater than or equal to 6%, the highest share since 2016, according to a new report from Redfin, the technology-powered real estate brokerage. That’s up nearly five percentage points from 12.3% in the third quarter of 2023. If this growth rate were to continue, which is feasible, the share of homeowners … [More]
Film Production Projects in Greater Phoenix Generated $29.1M in Economic Impact in 2024
Film production in the Greater Phoenix area generated an impressive $29.1 million in economic output during the 2024 calendar year, as highlighted in the City of Phoenix Film Office's latest Economic Impact Report that was released this week. The report takes into account all aspects of film production, and includes expenditures on local goods and services. The 2024 … [More]
San Francisco Women-Owned Investment Firm Acquires 71-Unit Multifamily Asset in Phoenix
Goodegg Investments, an award-winning women-founded and women-led commercial real estate investment firm in San Francisco, California, is pleased to announce the acquisition of North Edge Apartments – a 71-unit class B apartment community in Phoenix, Arizona. "North Edge is a phenomenal mid-sized asset in the hidden gem Youngtown submarket within the Phoenix … [More]
Semiconductor Packaging Co. to Formalizes Collaboration with ASU
LQDX Inc., developer of high-performance materials and process IP for advanced semiconductor packaging, announced that it has signed a formal agreement with Arizona State University (ASU) to further its partnership which began in 2024, focused on advanced IC-substrates, Fan Out Wafer Level Packaging (FOWLP) and glass core metallization, as enabled by its Liquid Metal Ink (LMI®) … [More]
Arizona Guest Home Builder Expands Business Model to Include Full Size Homes
Arizona home builder Minimal Living Concepts was founded in 2021 with the goal of creating the world’s most seamless path to buying new construction online. Co-founders Zander Diamont and Jared Amzallag started with a line of backyard guest homes— also known as casitas or accessory dwelling units (ADUs), and now, after building over 100 guest homes, they are expanding their … [More]
Credit Union Donates Record $2.25M to Phoenix Children’s School
Desert Financial Foundation and Desert Financial Credit Union announced a record-breaking $2.25 million donation to the 1 Darn Cool School at Phoenix Children’s. The fully accredited K-12 school, staffed by seven full-time master’s level teachers, provides children hospitalized for five days or more with bedside education to ensure they stay on track academically, while facing … [More]
Uptown Plaza Celebrates 70 Years of History, Community, and Evolution
Since its debut in 1955, Uptown Plaza has been a cornerstone of Phoenix’s growth and charm, forever changing how the Valley shopped, dined, and connected. Now, as this mid-century modern center celebrates its 70th anniversary, it stands not only as a beloved landmark but as a vibrant community hub bridging the past to the future. In the lead-up to its September milestone … [More]
Honeywell Announces Creation of Three Industry-Leading Companies, HQ to Remain in Valley
Honeywell announced that its Board of Directors completed the comprehensive business portfolio evaluation launched a year ago by Chairman and CEO Vimal Kapur and intends to pursue a full separation of Automation and Aerospace Technologies. The planned separation, coupled with the previously announced plan to spin Advanced Materials, will result in three publicly listed industry … [More]
Job Openings Remain a Top Concern for Main Street, Says Report
Hiring difficulties persist for small businesses, especially in construction and transportation
NFIB’s January jobs report found that 35% (seasonally adjusted) of small business owners reported job openings they could not fill in January, unchanged from December. Job openings were the highest in the transportation, construction, and manufacturing sectors, and the lowest in the agriculture and finance sectors. Job openings in construction were up four points from last … [More]
Custom Homebuilder Expands Legacy of Luxury with New Estates in Paradise Valley
Patterson Homes continues to set the standard for elite residential construction, with two of its latest estates in Cameldale under contract in record time—one before completion and both within 20 days of coming available to the market. Now, Ryan Patterson embarks on his most prestigious project this year at the base of Mummy Mountain in Silver Sky, Paradise Valley’s most … [More]
Tempe-Based Brewing Co. to Become Official Craft Beer of Sun Devil Athletics
Tempe-based Huss Brewing Co. is partnering with Arizona State University to serve as the Official Craft Beer for all Sun Devil Athletics for the 2025-2026 season and beyond. Before the fall season gets underway, Sun Devil fans can savor a new Sun Angel Collective Huss brew beginning this month, as Huss has handcrafted an all-new Devil’s Halo Amber Ale to serve at all Sun Devil … [More]
City of Phoenix Creates or Preserves 50,000 Housing Units – 5 Years Ahead of Goal
Under the leadership of Mayor Gallego and the City Council, the City of Phoenix is proud to announce that as of December 31, 2024, it has created or preserved more than 53,000 housing units throughout the city – five years ahead of its goal. For years, the City has prioritized increasing the supply of housing for all income levels and family sizes to create a stronger and … [More]
Tempe-Based Space Startup Featured in Google Workspace Big Game Commercial
Tempe space startup Solestial, Inc. will be featured in a Google Workspace commercial scheduled to air Sunday February 9, on Fox networks in the Arizona market during America's most-watched football game. The ad, which features Solestial CEO Stan Herasimenka and other employees, showcases the cutting-edge solar technology for space being developed by Solestial and how the … [More]
