USA Today recently listed Arizona as No. 2 on its list of the top five states that had been hardest hit by restaurant inflation. Arizona had increased 23%, from $96.68 to $118.54 when comparing the change in consumer spending during two-week periods that were analyzed. However, this doesn’t mean that Arizonans as spending the most on their dining out experiences. In fact, … [More]
Phoenix Industrial Market Adds 10 Million New Square Feet in Q2, Says Report
Strong net absorption of 5.3 million square feet helps vacancy remain below 10 percent
The Greater Phoenix industrial market delivered 10.0 million square feet of new space during second quarter, marking the completion of a portion of the record construction started in 2023, according to a report released by Colliers. Strong net absorption totaling 5.3 million square feet assisted in minimizing vacancy rate escalation, resulting in a current vacancy of 9.0 … [More]
Developers Break Ground on $100M Mixed-Use Development in Gilbert
Okland Capital and San Tan Development Group announced they have broken ground on phase one of Northside at SanTan Village, a brand new mixed-use development that will bring high-end retail, restaurant and hotel amenities to the SanTan Village submarket in Gilbert, Arizona. Located on the east side of Santan Village Parkway between Williams Field and Ray roads, Northside phase … [More]
Arizona Homeownership Surges with Seventh-Highest in US, Arizona’s Housing Market Is on Fire!
New research has revealed the state with the most significant increase in homeownership since 2014, with Arizona taking seventh spot. Arizona had the seventh-most significant rise in homeownership over the past ten years, with an increase of 8.41%. Real estate experts Agent Advice analyzed a recent housing vacancy and homeownership survey from government census data to … [More]
Phoenix Arts & Culture Announces Nine Artists Selected for its ¡Sombra! Public Art Project
Artists will create shade and cooling installations in public parks as part of City’s efforts to address extreme heat
The Phoenix Arts & Culture Department has announced the selection of nine artists for its “¡Sombra!" public art project. Funded by a $1 million Public Art Challenge grant from Bloomberg Philanthropies, the artists will create temporary shading and cooling installations in response to Phoenix's extreme urban heat. … [More]
Arizona’s Clean Elections Concludes Successful Primary Debate Series Surpassing Reach Expectations
Clean Elections, Arizona's non-partisan source for voter education is celebrating the halfway point of its historic debate program. This year's series premiered in partnership with the Arizona Media Association (AMA) at BitFire Studios with hundreds of media brands leveraging the debate content including major debates being simulcast and all others distributed … [More]
Westgate-Adjacent 296-Unit Multifamily Property Sells for $76.6M in Glendale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Glen 91, a 296-unit multifamily asset in Glendale, Arizona. The property sold for $76.5 million, or $258,446 per unit. “The West Valley’s municipalities, which include Glendale, have experienced outsized growth in the post-pandemic boom and are among the Valley’s most in-demand … [More]
Arizona Nonprofit Receives $700,000 over Two Years to Support Oral Health Care Services
Brighter Way Institute, an Arizona-based nonprofit dedicated to providing comprehensive oral health care to underserved children, families, adults, veterans, and individuals experiencing homelessness, has received a $700,000 multi-year grant from The Bob & Renee Parsons Foundation. The grant will support economically disadvantaged, uninsured and underinsured patients … [More]
