“When the film and television industry was just getting started, Arizona was a huge part of it,” relates Randy Murray, who, as co-owner with wife, Theresa, of Randy Murray Productions, has three decades of experience in Arizona’s film industry. Noting that John Wayne and John Ford both had homes here and Dick Van Dyke built a studio in Carefree near his home, he adds, “We were … [More]
Matthew Earl Jones, Arizona State Film Office
Film in Focus
Arizona has a long and illustrious history as a filming destination. With increased collaboration among film partners statewide, Arizona is poised to once again become a premier filming destination. As outlined in this month’s cover story, the economic impact of film and digital media on Arizona is substantial. The Arizona Film & Digital Media Program (the State’s Film … [More]
Best Practices for Activating Brand Purpose
A business’s decisions must be founded on a crystal-clear sense of its values
Companies that put purpose first are invariably becoming industry standouts—manifest in their exemplary corporate cultures, publicly recognized competence, or as heralded champions of vital causes. Numerous benefits accrue to these purpose-driven companies, including a proven positive correlation between purpose and profit, outperforming the overall market, an ability to … [More]
Empowering Arizona: Desert Financial’s Legacy of Community Impact and Philanthropy
Focus blends community impact and philanthropy
Desert Financial Credit Union was founded by educators in 1939 with a modest sum of $78.75. Rooted in the principles of cooperation and community, this not-for-profit credit union has grown over 85 years while maintaining its foundational mission of sharing success with members, the community and its team. Strengthening education throughout Arizona remains a core focus for … [More]
The Pursuit of Success by Engaging Premium Talent
Committing to employee development can drive a company’s success
“Companies that recognize the importance of employee engagement and development are better positioned to attract and retain talent.” —Jack Altman in People Strategy In today’s hyper-competitive business environment, the pursuit of success hinges on a company's ability to engage premium talent. The most successful organizations recognize that their greatest asset is their … [More]
Serving Sustainability through Data Center Design
Potential to restore ecological and social amenities
The past decade has seen a boom in data center development. AI, smart devices and advanced technologies have accelerated the demand for data processing, projecting a global generation of 2,100 zettabytes of data by 2035. Arizona is well positioned as a prime location for these facilities due to the low-risk climate and large parcels of land. However, not all see data centers as … [More]
The Future Workforce: Revolutionizing Skill Development with AI
Forecasting needs and potential skill gaps
The fast pace of AI/ML evolution and other domains has created a new revolution across industries, which has never been seen before. The shift is not only showing up in how we work, but it is also forcing employees and companies to ask deep, profound questions. As the future of work becomes increasingly uncertain, individuals are confronted with a pivotal quandary: "Will the … [More]
How Businesses Can Prepare for an Uncertain Real Estate Market
Manage risk while navigating the ever-changing state of the real estate industry
If there’s one common theme that resonates across the real estate market, from property owners and investors to developers and asset managers, it’s uncertainty. Constant changes in the market, such as interest rates, inflation and rising operational costs, to name just a few, have the potential to negatively affect real estate businesses. With no crystal ball to illuminate a … [More]
Employer Alert: The FTC’s New ‘Non-Compete Rule’
Federal courts are split on enforceability of the FTC’s nationwide ban on non-compete agreements; what does that mean for employers?
The Federal Trade Commission recently announced a nationwide ban on Non-Compete Agreements, set to take effect on September 4, 2024. The enforceability of the FTC’s ban has been challenged in Texas and Pennsylvania federal court. The results of those two cases are still pending, but some initial rulings by those two courts have left business owners scratching their collective … [More]
Donor Resilience Continues Despite Economic, Social Challenges
Giving USA 2023 report highlights philanthropic growth
If one thing has become clear over the past six years of bumpy roads, it’s that philanthropy is resilient. American generosity has weathered major tax legislation changes, a worldwide pandemic, natural disasters, humanitarian crises, political unrest and supply chain disruption. Even above-average rates of inflation and changing norms around the transparency of large gifts … [More]
Eliminating Bachelor’s Degree Requirements: Employment Trend?
As the job market evolves, a growing number of companies are eliminating bachelor’s degree requirements for certain positions. To learn more about this trend, Intelligent.com recently surveyed 750 U.S. business leaders (www.intelligent.com/1-in-3-companies-eliminated-bachelors-degree-requirements-so-far-this-year). So far this year, 33% of surveyed business leaders say their … [More]
Intel’s Leadership in Environmental Stewardship and Sustainability
Intel’s longstanding commitment to reducing our environmental footprint and pursuing ambitious sustainability goals remain a key focus for us — even as we grow. From reducing our energy use, to investing in renewable electricity, to conserving and restoring water and upcycling waste, a focus on the environment is a focus on our future. Conserving and Restoring Water in … [More]
Arizona Cities among Best in U.S. for Economic Growth
In the wake of the COVID-19 pandemic, Arizona has shown resilience and resurgence, positioning itself as a burgeoning "boomtown" and future economic powerhouse. In fact, five Arizona cities earned a place on CoworkingCafe’s study on the best U.S. cities for economic growth: Mesa and Phoenix, for large cities, with total points of 65.60 and 62.80, respectively); Gilbert and … [More]
Industrial Real Estate: Positioning for Growth in a Standout Market
Amid national headlines of a market-correcting “normalization,” Phoenix’s industrial real estate market has shown remarkable resilience in 2024 as it returns to steady, pre-pandemic growth levels — a positive development for the industry. Unlike many parts of the country, Phoenix is experiencing a robust economic expansion, driven by the arrival of global semiconductor … [More]
Celebrating a Decade of Innovation in Arizona’s Single-Family Rental Market
This year marks the 10th anniversary of TRICOR, an opportune moment to reflect on the transformation within the single-family rental (SFR) sector, particularly in Arizona. Over the past decade, the SFR market has evolved from a post-crisis alternative to a robust component of the national and state housing landscape. Evolution of the SFR Market When TRICOR began in 2014, the … [More]
CapRock West 202 Logistics
CapRock Partners’ marquee Phoenix asset is CapRock West 202 Logistics, an eight-building, industrial warehouse complex along Loop 202, south of the I-10 interchange. At total project completion, it will offer 3.4 million square feet of Class A industrial space on 183 acres, making it the largest speculative industrial development in Phoenix’s history. The first phase, … [More]
Chandler Airport Business Park
Chandler Airport Business Park is a newly completed 318,683-square-foot Class A industrial property in Chandler. This strategically located asset comprises four modern freestanding warehouse buildings ranging from 56,756 to 103,639 square feet. With convenient access to major regional transportation routes, it supports the robust business growth in and around Chandler’s Airpark … [More]
Longbow Industrial Park
CapRock Partners recently acquired Longbow Industrial Park, a newly completed two-building Class A complex totaling 244,286 square feet in Mesa's Falcon Field submarket. This state-of-the-art distribution and manufacturing facility supports the area’s burgeoning businesses and expanding enterprises, particularly around the technology and semiconductor industries. Building … [More]
