After delivering over 10 million square feet of industrial product last quarter, Phoenix continues to be a hotspot for industrial development and currently ranks first in the U.S. for active projects with 37 million currently underway, as highlighted in LGE Design Build’s Q3 Construction Delivery Outlook report released today. “Custom-built industrial projects, student … [More]
Phoenix Leads the Nation in Active Industrial Construction, Says Report
Valley’s industrial sector delivers over 10 million square feet last quarter, with 37 million currently underway
SBA Announces New Grant Funding for Native American-Owned Small Businesses
Native American Trade Expansion Program to Provide Up to $240,000 in Grants
The U.S. Small Business Administration (SBA) announced a funding opportunity for Native American-owned small businesses under its new pilot Native American Trade Expansion Program (NATEP). The new program will provide up to $240,000 in grants to expand exporting opportunities to Native American-owned small businesses. The deadline for eligible small business concerns to submit … [More]
Scottsdale Quarter Restaurant Acquired, Will Close Temporarily for Renovation
etta Scottsdale, which opened in 2022 at Scottsdale Quarter, has been acquired by Austin-based RDM Hospitality. It will be closing temporarily for renovation beginning July 22 and plans to re-open in late September as a re-imagined neighborhood, Modern-Italian vibe dining concept under new ownership with the same … [More]
Construction Co. Breaks Ground on Papago Golf-Adjacent Office Building, HQ to Several Golf Organizations
Wespac Construction, Inc. has announced the groundbreaking of the Papago Golf House, a new 14,100 SF office building located adjacent to the Papago Golf Clubhouse and Pavilion, 5595 E. Karsten Way, as well as the Arizona State University Golf Team Practice Facility. The project will serve as the headquarters for numerous state and national golf organizations involved with … [More]
Investment Co. Closes on Land in San Tan Valley to Develop Single-Family Build-to-Rent Communities
Harvard Investments closed on land sales to a homebuilder and multifamily developer who plan to construct single-family residences and build-to-rent units, respectively, in the growing, unincorporated community of San Tan Valley, Arizona. The two sales fetched $15.4 million. Harvard Investments, a real estate investment and development company, sold 133 guaranteed finished … [More]
Nearly 1 in 4 Sellers Cut Home Prices as Inventory Grows
Home listings are piling up as buyers step back from the peak of home shopping season faster than normal, according to the latest monthly report from Zillow. "A growing segment of homes that aren't competitively priced or well marketed are lingering on the market. Sellers are increasingly cutting prices to entice buyers struggling with affordability," said Skylar Olsen, … [More]
Arizona Residents Expected to Pay 75% Increase in Electricity Costs this Summer
New data has revealed the states that will encounter higher electricity expenses this summer. Arizona residents will likely have to shell out an extra $100.15 per month to keep cool - the highest extra cost for any state. Conducted by electricity experts Texas Electricity Ratings, the study analyzed Energy Information Administration (EIA) data to rank states based on … [More]
Where to Watch the WNBA All-Star Game: DTPHX Sports Bars
If you didn't grab tickets to the WNBA All-Star Game, we've got you covered with the next best spots to catch it on TV. Cheer on your favorite players from the incredible sports bars that Downtown has to offer. Enjoy a weekend full of delicious food, tasty beverages, and the vibrant energy of DTPHX. City of Phoenix Ready to Welcome 2024 WNBA All-Star Game Here are a … [More]
Gainey Ranch Shopping Center Debuts New Look and Introduces Two New Restaurants
The Shops at Gainey Ranch, nestled along the north side of Doubletree Ranch Road, has completed renovations on the 30,591 square foot shopping center featuring a new light-colored exterior, black awnings and ironwork, and refreshed signage. Corso Italia Restaurant & Market fine dining is open, and el Carbón Mexican Eatery opens on Saturday, July 20th. El Carbón Mexican … [More]
Phoenix-Based Funder Shelled Out Record $474 Million in the First Half of 2024
$576 million of commitments through the first half of 2024
Trinity Capital Inc., a leading provider of diversified financial solutions to growth-stage companies, announced certain highlights for the first half and second quarter of 2024. Trinity funded a record $474 million of investments in the first half of 2024 and originated $289 million of total new commitments in the second quarter, bringing total new commitments for the first … [More]
Avnet Launches New Brand to Consolidate Embedded Compute Options
Avnet announces the launch of a new product brand Tria™ and corresponding business called Tria Technologies to consolidate its compute design and manufacturing. The Tria brand will be the new name for embedded compute boards, systems and associated design and manufacturing services at Avnet. “The new brand embodies Avnet’s unique ability to deliver standalone modular … [More]
Arizona’s Mortgage Assistance Program Hits Milestone, Closes First 100 New Homes
100 middle class families have closed on a new home using the Arizona Is Home mortgage assistance program. The program, which was first announced in Governor Hobbs’ State of State earlier this year, is tailored to help middle class families across the state purchase their first home through down payment assistance and interest rate relief. “I was born and raised in an Arizona … [More]
Bistro Opens Third East Valley Location
Local family-owned restaurant Perfect Pear Bistro is set to open the doors to their third Valley restaurant this Monday, July 15, 2024. Situated just east of Loop 101 on Chandler Blvd., the new location marks the expansion of the popular eatery into the Chandler area. Known for their award-winning grilled cheeses and expansive menu that satisfies all taste palates and … [More]
Scottsdale’s Most Prolific Nightlife Promoter Talks Global Expansion and Building Business in Scottsdale
He goes to sleep most days when the rest of The Valley is just starting to wake up. He doesn’t drink himself but he also doesn’t miss a party at Scottsdale’s hottest night club or big event. For more than 15-years it has been Gem Ray’s business to know everyone and everything happening in the Scottsdale nightlife scene. As the owner and founder of Scottsdale Nights, Gem … [More]
West Valley Build-to-Rent Development Gets $51.5M in Construction Financing
Tower Capital arranged $51.5 million in non-recourse construction financing for the development of Skyview by Zen, a 190-unit Build-to-Rent (BTR) community in Phoenix’s West Valley. Tower Capital’s Kyle McDonough, Managing Partner and Co-Founder, and George Maravilla, Partner, arranged the financing on behalf of Zen and 10Y. “Zen’s development strategy is to deliver a West … [More]
Barrett-Jackson Announces Presenting Sponsor of Scottsdale Fall Auction
Barrett-Jackson, The World’s Greatest Collector Car Auctions, is excited to announce Gila River Resorts & Casinos, the largest gaming enterprise in the in the Phoenix metropolitan area, as the presenting sponsor of the Barrett-Jackson 2024 Scottsdale Fall Auction at WestWorld of Scottsdale, October 10-13, 2024. This dynamic partnership promises an unparalleled experience … [More]
Tech Co. Pushes STEM Summer Camps, Giving Students a Jumpstart for School
GenTech, a community tech hub, encourages parents to use the final two weeks of summer to give their kids a jumpstart for school with STEM-focused summer camps in North Phoenix and Peoria that will develop technical skills for kids as young as five-years-old. The last four camps available this summer: Radical Robots, Gadget Gurus, Rocket Science, and Drone Discovery, which … [More]
New York City-Based Design Firm Opens Phoenix Regional Office
Industry leaders Ben Ayers and Hannah Hackathorn to co-lead new Phoenix office
Mancini Duffy, a national design firm with a 100+-year-old history and tech-driven approach, announced the opening of its sixth regional office in Phoenix, Arizona. This expansion to the Southwest region brings Mancini's pioneering design solutions to a thriving new market, spearheaded by industry leaders Benjamin Ayers, AIA, NCARB, and Hannah Hackathorn who have joined the … [More]
