Mexican Food Restaurant Opening First Drive-Thru, Walk-Up Concept

inbusinessPHX.com

Mesquite Fresh Street Mex, a family-owned concept serving a modern take on Mexican street cuisine, is opening the first drive-thru and walk-up only location on March 19 in Gilbert. The grand opening of the store on 4875 S Val Vista Drive begins at 11 a.m. with a special “golden ticket” giveaway that will award multiple winners free burritos for a year. The celebration will also … [More]

Insurance Co. Ups Minimum Wage in Scottsdale to $21 per Hour

inbusinessPHX.com

Along with a market-leading, flexible work model, Nationwide is again raising the minimum wage it will pay for its workforce.  The Columbus, Ohio-based Fortune 100 insurance and financial services provider is raising its minimum pay to $21 per hour, effective April 4, which makes it a leading employer providing one of the highest minimum wages in the country. The change will … [More]

Home Prices Surge to Record High as Competition Heats Up

Redfin

Home prices spiked to an all-time high of $363,975 as the market continued to heat up during the four-week period ending February 27, according to a new report from Redfin, the technology-powered real estate brokerage. The median home-sale price was up 16% year over year, the biggest annual gain since August. The typical home sold for 0.8% above list price, the largest … [More]

Venture Madness 2022 Winners Announced

inbusinessPHX.com

The Arizona Commerce Authority (ACA), in partnership with Invest Southwest, announced five winners for Venture Madness 2022. Arizona’s longest-running pitch competition, Venture Madness features early stage and emerging growth companies and offers participants exclusive access to the region’s most active, accredited angel investors and venture capital firms. At the event, held … [More]

Labor Quality and Costs Remain Top Business Problems for Many as Owners Struggle to Increase Workforce

NFIB

Small businesses continued to struggle to increase their workforce in February, with 22% of owners reporting that labor quality was their top business problem, according to NFIB’s monthly jobs report. Eleven percent of owners cited labor costs as their top business problem, unchanged from January. Reports of labor costs as the top business problem are at 48-year record high … [More]

Luxury Apartment Building Sells in Scottsdale for $193.5M, One of the Highest per Unit Sales on Record

inbusinessPHX.com

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Roadrunner on McDowell, a 356-unit multifamily asset in Scottsdale, Arizona. The property sold for $193.5 million, which equates to $543,539 per unit. The price per unit is the highest in Arizona’s history for an institutionally sized apartment building. The … [More]

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