56% of U.S. Companies Have Experienced Pay Compression in the Last 12 Months, Says Report

inbusinessPHX.com

Many companies are taking measures to increase pay equity among workers, research from talent solutions and business consulting firm Robert Half shows. More than half of C-suite executives surveyed (56%) said they have observed salary discrepancies between new hires and more tenured staff in the past year. Of those, 62% are regularly reviewing compensation plans and increasing … [More]

January Sports Betting Revenue Is More Than Half a Billion Wagers

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The Arizona Department of Gaming released the Jan. event wagering revenue numbers last week. “January’s sports betting haul in Arizona shows that the market’s primed for big things in its first full year of operation. With the Super Bowl and March Madness still to come, it’s safe to say that the Grand Canyon state should be positioned to become one of the top markets for … [More]

IV Hydration Therapy Co. Opens First Clinic Location in Phoenix

inbusinessPHX.com

Liquid Mobile IV announced the grand opening of its new clinic location in Phoenix, Arizona. Located in Optima Biltmore Towers at 4808 North 24th Street, Suite 125, the new clinic features a wide variety of IV hydration services, including anti-aging, athletic performance, wellness, recovery and executive revival infusions. Liquid Mobile IV launched … [More]

Phoenix-Based Tuition Insurance Co. Is the First to Offer Nationwide Student Protection for Epidemics

inbusinessPHX.com

GradGuard, the nation's leading authority on helping protect college students and their families from the risks of college life is pleased to announce the addition of an epidemic coverage endorsement on new tuition insurance plans. Tuition insurance can provide reimbursement for a complete medical withdrawal due to a covered illness or injury, including mental health … [More]

Sarver Retires as Executive Chair of Western Alliance Board, CEO Signs on for Three Years

inbusinessPHX.com

Western Alliance Bancorporation today announced that Robert Sarver and Steve Hilton will be retiring from their respective roles as Executive Chairman and Director of the Board of Directors of the company and its principal subsidiary, Western Alliance Bank. Their Board terms will end at the company’s annual meeting of stockholders in June. Sarver has served as a director on the … [More]

Leading Valley Funding Group Sells Assets to Michigan Corp., Retains Team

inbusinessPHX.com

Oxford Commercial Finance Corp., a wholly owned subsidiary of Oxford Bank, is pleased to announce the acquisition of the assets of FSW Funding, and hiring their entire team today. Ms. Robyn Barrett, Owner and Managing Member of FSW Funding, will join the OCF team as SVP - Managing Director, Working Capital Division and lead that segment for OCF. CEO David Lamb commented “The … [More]

Global Lifestyle and Fashion Brand Announces 20 New Stores Including Scottsdale

Rick McCartney

Amsterdam-based lifestyle and fashion brand Scotch & Soda announces today that it will open a total of 20 new brick-and-mortar stores globally over the next 6 months and includes a location at Scottsdale Fashion Square in Scottsdale. Highlights of the retail network acceleration include the upcoming launch of two Scotch & Soda flagship stores in Milan and … [More]

Phoenix-Based Gaming Website Launches New Trivia-Based Game Concludle

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Try Hard Guides, a premiere gaming website, has announced the launch of Concludle, a trivia-based game of clues and guessing. With the proliferation of daily games like Wordle and its offshoots, and the success of Try Hard Guides' Wordle Solver, launching Concludle was a natural next step. Concludle adds another level of brainteasing fun by mixing trivia, … [More]

New Solar Co-op Growing in Maricopa County, Helping Residents Go Solar

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Nonprofit group Solar United Neighbors (SUN) recently announced the launch of the Maricopa County Solar Co-op to help residents go solar. “The co-op will enable Maricopa homeowners and business owners to join the growing community of people saving money by harnessing solar power,” said Bret Fanshaw, Arizona program director for Solar United Neighbors. “Together, we’re … [More]

KORE Power Closes on 214-Acre Site in Buckeye

inbusinessPHX.com

KORE Power, Inc. has finalized the purchase of 214 acres in Buckeye, Arizona which will be the site of the KOREPlex, a two million square foot manufacturing facility which will have the capacity to produce 12 GWh of lithium-ion battery cells annually, bringing thousands of jobs to the Valley of the Sun. The KOREPlex will ensure a reliable and independent U.S. supply chain … [More]

Creation RE and J.P. Morgan Partner to Invest $1B in Industrial Projects

by Gail Kalinoksi

Creation RE, a Phoenix-based real estate investment and development firm, and J.P. Morgan Global Alternatives are investing $1 billion in industrial, warehouse and logistics projects across four states in a newly formed joint venture. The joint venture partners have closed on three of seven planned projects totaling 5 million square feet in Newark, N.J.; Melville, … [More]

Homebuilder Closes Significant Land Purchase in Queen Creek

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Mattamy Homes, North America's largest privately owned homebuilder, is pleased to announce that it has closed on a significant land purchase in the town of Queen Creek, AZ. The 88-acre property, known as The Quarters at Queen Creek, was purchased for $23.45 million and is approved for 254 single-family home sites. The deal closed on March 28, 2022. "Our … [More]

HomeServe Expands HVAC Presence in Arizona with Acquisition

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HomeServe USA (HomeServe), a leading provider of service plans, repair, and installation services for the home, today announced the acquisition of Sure Temp Air Conditioning LLC (Sure Temp or the Company). Based in Mesa, Arizona, the Company has been providing top quality cooling and heating services in the greater Phoenix area for the last decade and will continue to do so … [More]

Virtual CompTIA Tech Talent Roadshow Comes to Phoenix April 12 

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Employers in the greater Phoenix area are invited to learn about new strategies and tactics for recruiting and retaining information technology (IT) workers, including cybersecurity pros, at a virtual program presented on April 12 by CompTIA, the nonprofit association for the IT industry and workforce. The CompTIA Tech Talent Roadshow will examine the current state of tech … [More]

Crane Index and Quarterly Cost Report Reveal Construction Trends

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International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Crane Index and Quarterly Cost Report. Together, the two documents provide an on-the-ground picture of construction activity in 14 key North American markets and data-driven insights into the industry. Read the complete QCR report here and the Crane Index here. While … [More]

GoDaddy Showcases Microbusiness Resiliency Post-Pandemic with Video Series

GoDaddy

GoDaddy Inc. announced the launch of a new video series, "This is Where We Stand." The series will feature stories from microbusinesses across the country who adapted, pivoted and pushed forward even when the odds were against them. Each story will feature data from GoDaddy's Venture Forward initiative, a multiyear research effort to quantify the impact these millions of … [More]

Rent Keeps Rolling Uphill: 19% Rent Increase in the Past Year, Arizona Tops List

Rick McCartney

March brought continued substantial rent increases yet again. Key stats, according to Dwellsy's analysis of 509,911 available rentals: $1,850/mo: Median asking rent in March across the country 1.6%: 1 month growth in rent (vs. $1,820/mo in Feb 2022 - a 21% annualized run rate for the year) 19.4%: 1 year growth in rent vs. $1,550/mo in March 2021 30.5%: Median rent … [More]

International Attraction for Arizona Facility Design Unveiled

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The conceptual design, including a 3D flyover of the multi-functional, 22,000 square-foot International Dark Sky Discovery Center (IDSDC), has been completed by Swaback, an award-winning Scottsdale-based architectural firm. The builder recently chosen is McCarthy Building Companies, which has experience with complex building projects, such as the OdySea Aquarium and the ASU … [More]

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