Phoenix Mayor Announces Inaugural Phoenix Global Economic Forum

Phoenix Mayor Kate Gallego announced the creation of the Phoenix Global Forum, an annual summit hosted by Phoenix Sister Cities and the International Economic Forum of the Americas (IEFA). The event will launch on May 2, 2024, at the Arizona Biltmore in Phoenix and will convene decision makers and experts to discuss society’s evolving needs amidst ongoing global challenges. … [More]

Local Business Leader Named CEO at Western Spirit: Scottsdale’s Museum of the West

Western Spirit: Scottsdale’s Museum of the West, announces today the appointment of highly experienced local business and community leader Todd Bankofier as its new Chief Executive Officer (CEO) and Executive Director. Bankofier will be at the forefront of Western Spirit’s crucial next phase of growth and development. Western Spirit Board’s search committee conducted a … [More]

Development Co. Begins Construction on Eight-Building Industrial Complex in Mesa

Silver Creek Development, a private real estate development and investment group, has commenced construction on an eight-building, 330,000-square-foot industrial complex in Mesa. Sossaman Business Campus will be built on a 26-acre site at the intersection of Sossaman and Elliot roads, across from Google’s $800 million data center campus. “As many people know, the Greater … [More]

Home Buyers Outnumbering Sellers Spurs Impressive Price Growth, Even amid Muted Sales

Competition among buyers over few available houses has made this home shopping season unusually hot, according to the latest market report1 from Zillow®. Meanwhile, high mortgage rates are continuing to deter homeowners from listing, pushing inventory to record lows. "Many homeowners are still opting not to sell and give up historically low mortgage rates. But those who do … [More]

SRP Launches Complete Home Installation Services for Smart Electric Vehicle Chargers

As the number of electric vehicles (EVs) in the Valley continues to rise, demand for a seamless and affordable process to install home charging systems is growing as well. As a result, Salt River Project is partnering with industry leader Qmerit to offer customers a program that takes the guesswork out of coordinating an affordable and professional home installation of a Level … [More]

Downtown Phoenix Multifamily Redevelopment Site Sells for $12M

Approximately 1.0-acre high-rise apartment redevelopment site in downtown Phoenix has sold paving the way for another multufamily high-rise. The buyer, Masyno Holding LLC, Anthony Bibars and Kal Bibars as Principals, acquired the transit-oriented property located at the northwest corner of 1st and McKinley streets for $12 million / ±$276 per land square foot. Bound by three … [More]

Cannabis Retailer to Open Another Phoenix-Area Location

Trulieve Cannabis Corp., a leading and top-performing cannabis company in the United States, announced the opening of a new dispensary in Phoenix, AZ. "Trulieve is a proud member of the Arizona community and this new location on Tatum Boulevard is a continuation of our brand promise to deliver exceptional customer experiences, as well as provide the right … [More]

Consumer Prices Rose 4% in the Year through May, a Sign Inflation Is Cooling

U.S. Bureau of Labor Statistics

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in May on a seasonally adjusted basis, after increasing 0.4 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 4.0 percent before seasonal adjustment. The index for shelter was the largest contributor to the monthly all items … [More]

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