Industrial Report: Third Highest Phoenix Q1 Leasing Activity on Record

Leasing hits 6.3 million s.f. for the quarter, with more demand and absorption on the horizon

inbusinessPHX.com

The Phoenix Office of JLL has released its Q1 2024 Phoenix Industrial Report, noting 6.3 million square feet of new leasing activity – a 60% spike from the previous quarter marking Phoenix’s third-highest Q1 leasing performance on record. According to the Q1 report, activity was boosted by an uptick in demand for big box warehouses “The first quarter of the year was … [More]

Banner Health’s Peter S. Fine to Retire, Names New President and CEO

inbusinessPHX.com

Peter S. Fine, who led Banner Health through 24 years of unprecedented growth and a rise to national prominence, will retire on June 30 and be succeeded by Banner’s president, Amy Perry, who will become the president and chief executive officer, the health system’s Board of Directors announced today. Fine became president and chief executive officer of Banner in 2000, shortly … [More]

Small Business Optimism Reaches Lowest Level since 2012, Says Report

Rick McCartney

The NFIB Small Business Optimism Index decreased by 0.9 of a point in March to 88.5, the lowest level since December 2012. This is the 27th consecutive month below the 50-year average of 98. The net percent of owners raising average selling prices rose seven points from February to a net 28% percent seasonally adjusted. “Small business optimism has reached the lowest level … [More]

The Maggiore Group Brings Popular Mexican Concept to East Valley

inbusinessPHX.com

Popular Mexican restaurant The Mexicano is bringing its famous build-your-own margarita bar to the East Valley with the opening of its second location in Chandler this fall. Founded in 2021 by The Maggiore Group, the restaurant powerhouse team behind The Rosticceria, Hash Kitchen, The Sicilian Butcher and The Sicilian Baker, the new location is set to open its doors at 3095 W. … [More]

Design Firm Partners with Steakhouse Concept to Deliver Steakhouse Flavor at the Drive-Thru

inbusinessPHX.com

Phoenix-based global design firm Ideation Design Group is spearheading a drive-thru dining revolution with the design of Angie's Prime Grill, the latest venture by Salad and Go creators, Tony and Roushan Christofellis. After the success of Salad and Go, Angie's Prime Grill sets a new standard in culinary excellence, offering hot-off-the-grill prime meats and seafood in a … [More]

655 New Energy-Efficient Homes Go on the Market

inbusinessPHX.com

Meritage Homes, the fifth-largest public homebuilder in the U.S., has opened two new communities, Abel Ranch and Bella Vista Trails, in the greater Phoenix area. Abel Ranch in Goodyear is conveniently located near the I-10 and Loop 303, providing easy access around the valley. Residents will enjoy nearby dining and entertainment at the Pebble Creek Golf Course. Located in San … [More]

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