The U.S. Small Business Administration (SBA), announced the 2022 Small Business Persons of the Year winners from each of the nation’s 50 states, the District of Columbia, Puerto Rico and the Virgin Islands. Tracey Latham, founder and CEO of Latham Industries in Phoenix was named the SBA Arizona Small Business Person of the Year. Latham will be formally recognized on May 5 … [More]
Arizona-Based Real Estate Investment Firm Sells Seven Properties for $345M
Scottsdale-based ReNUE Properties announced the official sale of its affordable housing portfolio to Starwood Real Estate Income Trust for $345 million. The deal, which includes seven properties across metropolitan Phoenix, is the largest affordable housing transaction in the state’s history. The transaction, which will be executed in phases beginning with the closing of … [More]
Banner MD Anderson Marks Major Expansion with $19.5M Project in Phoenix
Banner MD Anderson Cancer Center this week marks the completion of its $19.25 million expansion on the Banner – University Medical Center Phoenix campus, to meet the community’s growing demand for more services to treat the disease. “This greatly increases our ability to improve patient experience by expanding our services to provide comprehensive, high-quality cancer care … [More]
ViaWest Group and Nicola Wealth Real Estate Team Up to Develop 20.77 Acres in Mesa
ViaWest Group and Nicola Wealth Real Estate have purchased a 20.77 Acre industrial development site in Mesa for $9.692 million. The development known as Advanced Industrial Park will be comprised of three single-loaded Class A industrial buildings. Building A will be 122,690 SF, Building B will be 131,737 SF, and Building C will be 80,639 SF, with a total rentable square … [More]
77% of Homeowners and Renters Support Adding More Housing Options, Says Survey
There is broad support to allow backyard cottages, duplexes and triplexes in residential neighborhoods, according to a new Zillow survey covering 26 U.S. metropolitan areas struggling with housing affordability. The new research found that 77% of all homeowners and renters surveyed voiced support for construction of either new accessory dwelling units (ADUs), duplexes, or … [More]
Thunderbird School Celebrates Grand Opening, Celebrates 75th Year
The Thunderbird School of Global Management at Arizona State University unveiled its new headquarters' name Friday night: the F. Francis and Dionne Najafi Thunderbird Global Headquarters. With klieg lights, fireworks, food trucks and live music on streets closed to traffic, the event was as much a festival as a grand opening for the building in downtown … [More]
56% of U.S. Companies Have Experienced Pay Compression in the Last 12 Months, Says Report
Many companies are taking measures to increase pay equity among workers, research from talent solutions and business consulting firm Robert Half shows. More than half of C-suite executives surveyed (56%) said they have observed salary discrepancies between new hires and more tenured staff in the past year. Of those, 62% are regularly reviewing compensation plans and increasing … [More]
January Sports Betting Revenue Is More Than Half a Billion Wagers
The Arizona Department of Gaming released the Jan. event wagering revenue numbers last week. “January’s sports betting haul in Arizona shows that the market’s primed for big things in its first full year of operation. With the Super Bowl and March Madness still to come, it’s safe to say that the Grand Canyon state should be positioned to become one of the top markets for … [More]
