Although construction costs are estimated to be relatively flat year over year, with a moderate increase of 5–7% projected, there are many variables that can affect this estimate so early in the year. Construction costs in the commercial real estate sector are driven by a combination of economic, material and labor market dynamics. Factors such as natural disasters, a changing … [More]
Construction Costs in Commercial Real Estate: A 2025 Outlook
Economic, material and labor market dynamics
Nextwave Tempe Breaks Ground on Former Big Surf Site
Developer Overton Moore Properties and its partner, Invesco Real Estate, have started construction on Nextwave Tempe. The project consists of three Class A industrial buildings totaling 689,000 square feet on 35.5 acres at the former site of the Big Surf Waterpark in northeast Tempe at 1500 North McClintock Drive. The three divisible buildings can accommodate customers from … [More]
Phoenix Small-Office Product Lagging
Over the last four years, small-office product of 20,000–50,000 square feet has outperformed larger product greater than 50,000 square feet. But Cushman & Wakefield Research, using statistics based on leasable office buildings larger than 20,000 square feet in Metro Phoenix, reports this has changed. There are 393 buildings in the 20,000 to 50,000 sf size range, … [More]
Tesoro.vc Launches Accelerator for Early-Stage Startups
Over the last several years, Greater Phoenix has grown as a hub for startups and tech ventures. The region has attracted record venture capital investment, deal size and company valuation as it finds its place among the other national leaders. Despite this growth, there has been a missing component to the startup ecosystem: a comprehensive early-stage accelerator that … [More]
Title 9 Sports Grill Celebrates Women’s Athletics
This month, Phoenix will make history with the grand opening of Title 9 Sports Grill, the city’s first sports bar dedicated to celebrating women athletes. Located in the heart of the Melrose District, Title 9 Sports Grill reimagines the sports bar experience, championing inclusivity, empowerment and the spirit of Title IX — the landmark legislation that prohibits gender-based … [More]
Electric Pickle Synthesizes Eclectic Entertainment
Electric Pickle, the nearly 5-acre pickleball, dining and outdoor entertainment destination, is now open in Tempe — the first of six locations planned across the Southwest. Blending pickleball with globally inspired cuisine and lively entertainment, Electric Pickle offers an elevated experience. The centerpiece is a 12,000-square-foot indoor and outdoor restaurant serving … [More]
February 2025 Guest Editor: Greg Vogel, Land Advisors Organization
Landing the Housing Debate
Housing is a perennial hot topic. Whether analyzed from an economic development standpoint or spotlighted as an aspect of social issues, it is always a sector that is recognized as impacting the broad community. The housing and residential real estate sector is a major contributor to Arizona’s economy, driving growth and development. Arizona consistently ranks among the top … [More]
Feedback: February 2025
Q: What has been an effective team-building experience for your company? Andrea Aker CEO Aker Ink PR & Marketing Sector: Marketing We host a quarterly volunteer event for the entire team. Not only do we consider it a responsibility to give back to the community, but we always find these efforts strengthen our personal bonds and teamwork capabilities. This is … [More]
Dominium Acquires Land for Affordable Homes in Maricopa
Dominium, a leading affordable housing owner, developer and manager, recently closed a deal to acquire land for the development of a new affordable housing community in Maricopa, Arizona. Dominium plans to use the land located at 18260 N. Alan Stephens Pkwy. to construct Saddleback Village at Stonegate, Dominium’s first Built-to-Rent community. Completed, it will bring 215 … [More]
418,000 SF Distribution Center in Surprise
Surprise Pointe Commerce Center, recently completed from Rockefeller Group, is a 418,400-square-foot distribution center on 24 acres in Surprise, Ariz., part of the Southwest Valley industrial submarket. Designed by Ware Malcomb, it can accommodate one to four tenants and includes custom-designed office space. The site has access to both Interstate 10 and Loop 303 and is … [More]
Barrow Neurological and PEI Advancing Arizona’s Bioscience Ecosystem
Standard stimulation methods for monitoring comatose patients can cause injuries, and because stimulation is delivered by hand, it can limit the reliability of exams and negatively impact patient care. Dignity Health aims to end this practice through the development of electrical stimulator technology that can activate pain receptors in a standardized fashion … [More]
Insider Threat Awareness
Insider threat awareness is such a significant aspect of cybersecurity that the National Counterintelligence and Security Center in partnership with the National Insider Threat Task Force and other U.S. government agencies designated a month every year to the issue. “One of the most significant insider threats facing organizations today is the challenge of properly managing … [More]
Historic First for the U.S. – Advanced Chip Production Begins in Arizona
Taiwan Semiconductor Manufacturing Co., the world’s leading chipmaker, has officially begun producing advanced four-nanometer chips at its Vistancia facility near Phoenix. This milestone marks the first time these cutting-edge chips are being manufactured on U.S. soil — a significant moment not just for Arizona but for the nation. TSMC’s Arizona facility is the first of … [More]
2025 Mercedes Benz EQB SUV
It's a capable SUV with room for up to seven; an advanced EV its owner can enjoy every day. Intelligent technology and thoughtful luxury are delivered with swift response and silent refinement. Dual electric motors team up for 225 hp in the EQB 300, and 288 hp in the EQB 350. Both deliver instant torque with 4MATIC® all-wheel drive that can adapt in fractions of a second to … [More]
A Tablet to Scribe
These days, digital devices to take notes in meetings, do an impromptu presentation or quickly and easily email or text are a true asset for any businessperson. These new tablets are recommended as our top picks. SAMSUNG Galaxy Tab S10 Series With so many awesome AI abilities, the Galaxy Tab S10 Ultra and Tab S10+ everywhere will be handy to take anywhere — and its slim … [More]
The Phoenician Tavern: Up Course Choice
The Phoenician Tavern, located at The Phoenician in Scottsdale, is anything but your typical resort dining destination. Perched above the Golf Clubhouse, the restaurant offers a casual and lively atmosphere with stunning views of the emerald-green golf course. The perfect spot to grab a midday bite — whether it’s following a morning of networking on the Phil Smith-designed … [More]
Mr. Pickle’s Sandwich Shops No. 31 on ‘Future 50’
Mr. Pickle’s Sandwich Shop, which is headquartered in the Scottsdale Airpark and has locations across Scottsdale, Surprise, Chandler, Queen Creek and Laveen, has been named among Restaurant Business’s “Future 50” for the first time in its 30-year history, earning the No. 31 spot nationwide. It also was named in 2024 among the Top 100 Movers & Shakers in the United States by … [More]
Amy Perry Among 100 Most Influential People in Healthcare
Amy Perry, president and CEO of Banner Health, has earned recognition as one of Modern Healthcare’s 100 Most Influential People in Healthcare in 2024. Perry is leading one of the nation’s largest secular nonprofit hospital systems into its third decade with a clear vision for advancing the future of health care through quality improvement, affordability, access and care … [More]
