In 2020, Arizona welcomed more than 32 million visitors to the state, and we were delighted to welcome them. Collectively, they spent $15 billion, representing a tremendous economic investment in Arizona. From the Grand Canyon to the Chiricahua Wilderness, Arizona boasts some of America’s most beautiful national treasures. There are endless opportunities to explore Arizona’s … [More]
What Investors Should Know about Small, Minority-Owned Businesses
Overlooking small and medium-sized businesses is costing corporate America millions of dollars in potential investments. That’s especially true for venture capital (VC) and private equity (PE) firms. The main reason these small and medium-sized businesses are being overlooked is they don’t want to be billion-dollar companies or investors don’t believe the business can become a … [More]
Merchant Cash Advance: Sound Fast Financing or Recipe for Disaster?
The merchant cash advance (MCA) is a financing option that typically ends in a death spiral for most small businesses. In fact, more than 60% of the receiverships assigned to Scottdale-based business advisory firm Resolute Commercial Services involve at least one, if not more, merchant cash advances. That’s because once a business enters into an MCA agreement, it is nearly … [More]
Challenges for Future-Proofing a Startup Business
Starting a business today feels very different from how it felt 10 years ago and is unrecognizable from 20 years ago. The main challenge for startups today is the choice of how day-to-day business gets done in either a physical or a virtual space. This was a much easier decision just a few years ago, as most startups felt the only logical choice would be to find a convenient … [More]
Consumer Spending Trends during the Pandemic and Beyond
U.S. consumers once again have proven themselves to be highly resilient and adaptive during the COVID-19 pandemic. Their buying behaviors have evolved quickly and dramatically to address new priorities and limitations, with consumer spending growing solidly in most categories, according to the “Gaining Lift from the Consumer Shift: Insights into Buying Behavior During Covid and … [More]
Predictions for the Phoenix Multifamily Market in 2022
Phoenix real estate is on fire, and multifamily investments have enjoyed a year of unprecedented growth. The key drivers generating the tremendous sales volume of apartment buildings in the Valley last year are expected to continue into 2022, making the outlook for Phoenix multifamily incredibly positive. The No. 1 driver of the Phoenix multifamily real estate market is the … [More]
New Boutique Hotel in Old Town Scottsdale
On the site where once sports fans crowded the hallways or gazed from their tables to revel in the sports memorabilia mecca that was Don & Charlie’s steakhouse, Opwest Partners and Argosy Real Estate Partners last month opened the doors to Senna House. It is the first new hotel to open in the Scottsdale Entertainment District in 13 years. “Senna House has been in the … [More]
Flexibility Designed into Fully Spec Industrial in Gilbert
Developers GID and SunCap Property Group recently broke ground on the next major stage of development at Gilbert Spectrum: three brand new, fully speculative, Class A industrial buildings. “The Phoenix industrial market has been on a growth streak since before the start of the pandemic,” says Rusty Martin, operations manager of the Southwest Division at Graycor Construction … [More]
Build-to-Rent in Avondale
Scottsdale-based Empire Group of Companies, a leader in mixed-use high-rise and build-for-rent development, recently broke ground on a build-for-rent community in the West Valley. The Village at The BLVD will include 187 single-family homes for rent within the gated community located in Avondale, just west of Avondale Blvd. on the southwest corner of 111th Avenue and Roosevelt … [More]
Sustainable-Living, Opportunity-Zone Development in Tempe
Milhaus, a national award-winning developer, owner and operator of Class A multifamily properties, has closed on its second residential apartment development in Tempe, Arizona. The $56-million Qualified Opportunity Zone development located at 2119 E Apache Blvd. will offer 219 studio, one- and two-bedroom apartment units and five live-work spaces. The complex will be … [More]
