Copa Health’s La Victoria Commons is about a month away from its official groundbreaking, but with the extraordinary predevelopment work and relationship building to meet goals of integrated health care and community benefits for existing neighbors, the project already is a mixed-use affordable housing development like no other in Arizona. The $40 million, transit-oriented … [More]
U.S. Annual Home Price Growth Slows but Still Up by Over 5%, Says Report
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for February 2024. U.S. annual home price growth remained mostly consistent with numbers seen since last fall in February but finally slowed as the residual impact of comparing gains with weak 2022 home … [More]
Phoenix-Based Mattress Co. Launches First-Ever Kids Mattress
Brooklyn Bedding, manufacturer, wholesaler, retailer, and direct-to-consumer distributor of award-winning sleep products, announced the launch of its first-ever kids mattress, BB Kids. The BB Kids mattress is a budget-friendly sleep solution designed specifically for kids, with a starting price of $265. Designed in the U.S.A., the BB Kids mattress offers the … [More]
Howard Hughes Names First Four Homebuilders for New Community in Phoenix’s West Valley
Howard Hughes Holdings Inc. announced the first four homebuilders for the launch of Teravalis™, the company’s new 37,000-acre community in the Phoenix West Valley. Lennar, Brightland Homes, KB Home, and Courtland Communities will build the initial homes in Floreo, the first village being developed in Teravalis, that is expected to deliver the community’s first 5,000 homes to … [More]
Tempe-Based Firm Celebrates 60 Years of Engineering Excellence
For the past 60 years, structural engineering firm Caruso Turley Scott has forged relationships and made lasting impressions on the Valley’s development landscape by providing exceptional service on iconic projects. When Sam Caruso founded the firm, he always focused on relationships. Richard Turley and Paul Scott adopted that mentality and passed it on to the current … [More]
Phoenix Law Firm Expands in Denver, Nearly 80 Lawyers and Legal Professionals to Join
Fennemore, recognized as the fastest-growing Am Law 200 firm in the U.S., announced that roughly 80 lawyers and legal professionals are joining Fennemore’s Denver office later this month. The new team members are joining Fennemore laterally from Moye White, a full-service business firm in Denver boasting a reputation built on nearly 50 years of excellence in real estate, … [More]
Family-Owned Hospitality Co. Acquires Macayo’s Mexican Food
After five incredible years, Kind Hospitality, the restaurant group specializing in presenting elevated dining experiences with a portfolio of 52 locations across well-recognized favorites such as Macayo’s Mexican Food, Panera Bread, O.H.S.O. Brewery, Native Grill & Wings, Fazoli’s and more, has sold the Macayo’s Mexican Food brand to Horizon Hospitality on behalf of the … [More]
Additional Grant Funding Available for Businesses along Light Rail Construction
More than $1M and 200+ grants distributed to small businesses in first three years of program
After three successful years, the Small Business Financial Assistance Program (SBFAP) will enter its final year on April 1 providing support to small, locally-owned businesses along our South Central Extension/Downtown Hub light rail project. New this year, eligible businesses can apply for between $4,500 (up from $3,000 in past years) to $9,000 in program … [More]
Shamrock Farms Announces Partnership with Arizona Diamondbacks
Shamrock Farms announced its partnership with the Arizona Diamondbacks, including serving as the presenting sponsor of the Arizona All-Stars. The Arizona All-Stars program invites all local youth baseball and softball leagues to get in on the D-backs action with discounted tickets, fundraising opportunities and pre-game parading around the warning track. … [More]
Rail Logistics and Supply Chain Management Co. Expands Operations to Phoenix
MHX, LLC announced the commencement of operations in Phoenix, Arizona, effective April 1, 2024. This strategic expansion marks a significant milestone for MHX, expanding its existing facility portfolio in California, Oregon, and Washington, and enabling the company to better serve a broader range of customers in the West. The new Phoenix transload site spans 108 acres and … [More]
2024 Career Optimism Index Study Highlights Shift from The Great Resignation to a Great Talent Stagnation
The University of Phoenix Career Institute® released its 2024 Career Optimism Index®, a comprehensive study examining the state of American workers' career trajectories and sentiments about the future of their job and career opportunities. This year's Index, the fourth consecutive year it has been fielded, reveals that workers and employers are facing a critical moment of … [More]
Heavy Hitter Joins Agency as Non-Compete Expires
ON Advertising announced that Matt Owens, the dynamic former co-founder and owner of OH Partners, is now one of the owners of ON Advertising. Matt brings more than 30 years of experience in marketing and advertising. In fact, Matt was born and raised in the advertising industry and he is a second generation agency owner. Matt’s father owned and ran Owens & Associates in … [More]
Arizona Exports Break New Records
Arizona companies exported a record amount of goods in 2023, Governor Hobbs announced in her International State of the State address. Exports grew to $28.79 billion in 2023, a 5.5% increase ($1.5 billion) over the previous year. Arizona’s growth bucks the trend for the U.S., which saw exports decrease by 2.2% in 2023. “A testament to the strength and diversity of the … [More]
Phoenix Leads the U.S. Data Center Market in Average Asking Rates
North American data center pricing approached record levels in 2023, with Phoenix boasting some of the highest average asking rates ($170 – $200) for 250-500 kilowatt (kW) per month, according to CBRE’s latest North American Data Center Trend Report. Leasing activity remains strong, and renewal rates increased by 20% from H2 2022 to H2 2023. The Valley's vacancy rate is 3.9%, … [More]
SRP Boosts City of Phoenix’s Effort to Install Electric Vehicle Chargers at Public Libraries across the City
New Justice40 Rebate supports underserved communities with more access to public charging
In a major initiative that began in 2023, the City of Phoenix, with support from SRP, has successfully installed electric vehicle (EV) chargers at six Phoenix Public Library locations throughout the city. These six locations are within SRP’s service territory, and each charging station offers two charging ports for library visitors to plug in. The installation of … [More]
Nonprofit Launches New ‘Fair Chance’ Program from $500,000 Chase Foundation Grant
Valley of the Sun United Way is forming a new Fair Chance Collaborative to help address the multi-dimensional needs of individuals in the Phoenix metropolitan area who have been involved with the justice system. The Collaborative was catalyzed by a $500,000 investment from the JPMorgan Chase Foundation. The new Collaborative will build off existing efforts and explore … [More]
The Typical Homebuyer’s Down Payment Is $56,000, Up 24% from a Year Ago
The median down payment for U.S. homebuyers was $55,640 in February, according to a new report from Redfin, the technology-powered real estate brokerage. That’s up 24.1% from $44,850 a year earlier—the largest annual increase in percentage terms since April 2022. Phoenix Metro home purchases made in cash were down 6.1 percentage points from a year earlier—the fifth largest … [More]
WEBINAR – Apr 16: Constructing and Updating Your Core Marketing Message
UPCOMING SESSIONS Join us for an Arizona Small Business Boot Camp! Constructing and Updating Your Core Marketing Message 4/16/2024 | 9:00 AM Join Duke Merhavy as he provides businesses with the necessary information to help put together a winning core marketing message. REGISTER NOW … [More]
