In celebration of National Small Business Week (NSBW), April 28 – May 4, the U.S. Small Business Administration (SBA) is honoring Arizona entrepreneurs, small business champions and lending partners for their contributions to the economy. Over 99 percent of the businesses in the state are small businesses. Small businesses drive innovation and job growth, vital to Arizona’s … [More]
Multi-Tenant Industrial Building in Phoenix’s Deer Valley Sells for $21.85M
Cushman & Wakefield announced the firm has arranged the sale of Pinnacle Peak Commerce Center, a freestanding 93,725-square-foot (SF) Class A light industrial building in the Deer Valley submarket of Phoenix, Arizona. The property was 100% leased to three tenants at closing. The asset was acquired by Top 10 Properties, a Southwest U.S. based real estate investment firm, … [More]
Effort to Expand Broadband in Rural Areas Takes Big Step Forward
Public-private partnership to manage, maintain and lease fiber-optic conduit along highways
The state’s goal of expanding broadband internet access in rural areas is taking a big step forward with a public-private partnership. The agreement with eX² Technology is to operate, maintain and lease space in fiber-optic conduit installed along Interstate 17 and Interstate 19, and being installed later this year along much of Interstate 40. The Arizona Department of … [More]
Buying a Home Costs More Than Ever, With Prices Hitting All-Time High and Mortgage Rates Rising, Despite Metro Phoenix Increase in New Listings
The median U.S. home-sale price hit a record $383,725 during the four weeks ending April 21, up 5.2% from a year earlier—one of the biggest jumps since October 2022. That’s according to a new report from Redfin, the technology-powered real estate brokerage. The Phoenix Metro area saw a 25.8% year-over-year increase in new listings in this period. The average weekly … [More]
Build-to-Rent Investor Purchases Avondale BTR Community for $57M, First Acquisition in Arizona Market
Christopher Todd Capital has completed its first purchase of a newly-completed Build-to-Rent (BTR) community in Avondale, Arizona, part of Phoenix metro. The company, with offices in Arizona and Florida, purchased the community for approximately $57 million, which is well below what it would cost to build from the ground up today. The Class A fully amenitized community includes … [More]
Nonprofit Opens Fifth Location in Southwest Phoenix
One Step Beyond, Inc., a Phoenix-based non-profit organization that provides comprehensive programming and services for adults who have intellectual disabilities, officially opened its fifth Phoenix location on Wednesday, April 17. The new 13,601 square foot Southwest Phoenix location will serve 200 individuals who live in Phoenix, Avondale, Goodyear, Buckeye, Tolleson, … [More]
Arizona Workers Give Office Return a 8/10 Happiness Score, Says Survey
As has been widely reported, a significant shift is taking place in the workforce. Many employees who had grown accustomed to the flexibility and comfort of working from home are now being encouraged to return to the office full-time. While this transition initially faced resistance, a recent survey commissioned by Wealth of Geeks reveals that once employees settle back into … [More]
Local Healthcare Startup Reaches Staffing Milestone, Successful Growth Impacts Patients
HealthyU Clinics, a provider of integrated primary and specialty care services has announced it has reached 100+ employees across its clinics in Metro Phoenix, a milestone marking the company’s consistent growth since its inception in 2021. HealthyU Clinics is focused on elevating the standard of care for diverse communities through personalized healthcare solutions for Arizona … [More]
