CIM Group announced the sale of the Goodyear Airport portfolio which is comprised of two, fully leased industrial buildings totaling 726,802 square feet located at 2250 S. Litchfield Road and 1685 S. Litchfield Road, adjacent to the Phoenix Goodyear Airport in Arizona. CIM Group acquired the 450,619-square-foot building at 2250 S. Litchfield Road in August 2021. The building … [More]
ASU Named among the Top Marketing Universities in the U.S.
According to a new study, Arizona State University has been named the fourth-best school in the US for a career in marketing. Digital marketing agency Hennessey Digital analyzed more than 1,300 US universities to find which are the best for a future career in marketing. They looked at 11 factors, including the percentage of business and marketing degrees … [More]
World’s First Direct Air Capture Manufacturing Facility Coming to Mesa, Will Support Up to 400 New Jobs by 2029
CarbonCapture Inc. a leading U.S. direct air capture (DAC) system company that builds modular systems that can be mass produced, signed a lease for an 83,000-square-foot high-volume manufacturing facility in Mesa, Arizona, for its first manufacturing plant. At full capacity, the facility is projected to manufacture 4,000 modules per year-equal to 2 megatons of removal … [More]
Office Space Absorption Predicted over the Next Two Years, but Contraction to Slow in 2025
Absorption of office space – the amount that is leased or occupied less the amount that is vacated or put on the market – is expected to remain negative through 2024 and 2025, though the rate of negative absorption is expected to slow to a near halt by the second half of 2025, according to the NAIOP Research Foundation’s Office Space Demand Forecast. “The office market … [More]
Trinity Capital Exits Its Equity Position in Core Scientific
Trinity Capital Inc., a leading provider of diversified financial solutions to growth-stage companies, announced that as of June 4, 2024, it has completed the liquidation of the shares of common stock of Core Scientific that it received in satisfaction of its claim in Core's Chapter 11 bankruptcy. Trinity provided $30 million in equipment financing to Core in 2021. Core … [More]
First Sprouts Store to Far North Phoenix and Greater Anthem Opening
A new Sprouts Farmers Market in North Phoenix is ready for customers, announced Diversified Partners, the leading Scottsdale real estate brokerage and development company. The new location took over a 28,000-square-foot space formerly occupied by Bed Bath & Beyond in Tramonto Marketplace, near I-17 and Carefree Highway. The grocery chain will provide the community with a … [More]
Developer Completes First Piece of $500M, 88-Acre Peoria Industrial Master Plan
Greystar, a global leader in the investment, development, and management of institutional-quality commercial real estate, joined with officials from the City of Peoria and project partners to celebrate the completion of Caliber by Greystar, a three-building, Class A industrial development in Peoria, Arizona. Caliber marks the first development piece to deliver within … [More]
Hard Rock Music-Themed Hospitality Experience Coming to Scottsdale in 2026
Hard Rock International announced development plans for REVERB by Hard Rock Scottsdale, a music-themed hospitality experience featuring entertainment and outdoor spaces, 195 hotel rooms, an outdoor pool, a rooftop bar and more. The $60 million project in partnership with ERES Capital is expected to open in late spring / early summer 2026, anchoring The Sydney, a mixed-use … [More]
Multifamily Developer Expands Phoenix Presence with Two New Communities
National multifamily developer Wood Partners announced the start of construction on Alta Dove Valley in Phoenix and Alta 87 in Gilbert, Arizona. These new communities bolster Wood Partners' presence in Arizona, bringing its total to 24 starts in the state since the Great Financial Crisis. "Phoenix has, and continues to, experience significant in-migration due to its … [More]
Chef/Restaurateur Opens Uptown Phoenix’s Newest Restaurant Concept in Historic Beefeater’s Steakhouse and Southern Rail Spot
Renowned Phoenix chef/restaurateur, Doug Robson, is opened an all-new restaurant, Tesota, in the heart of Uptown Phoenix. Open daily for lunch, dinner and happy hour, Tesota (300 W Camelback Rd., Phoenix, AZ) is the newest creation from Robson, the chef/partner behind Gallo Blanco and Otro Café in Phoenix. Nestled inside the stunning indoor-outdoor space that previously housed … [More]
Research Initiative Advances Arizona’s Semiconductor Ecosystem by Using Sound-Based Technology
The Partnership for Economic Innovation (PEI), a passionate collective of business and community leaders dedicated to accelerating Arizona’s economic opportunities, announced Crystal Sonic, a Phoenix-based hard-technology start-up, is joining its industry-leading Applied Research Center. This public-private partnership with researchers at ASU will advance chip manufacturing … [More]
Grand Opening of Luxury Rental Home Community in Phoenix
Sustainable Luxury Phoenix’s Zora Encanto
Suncrest, a leading residential master-developer, is making waves in Phoenix with recent grand opening of their luxury rental home community – Phoenix's Zora Encanto – a first in their planned national portfolio of Zora Living communities, Zora Encanto celebrated their Grand Opening on April 13, and sets a new standard for sustainability and superior living. Located near … [More]
Florida Hotel REIT Announces First Arizona Acquisition, Adds Exposure to Booming Phoenix MSA
Chatham Lodging Trust Acquires Home2 Suites Phoenix Downtown
Chatham Lodging Trust, a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, announced that the company has acquired the recently opened, 148-room Home2 Suites by Hilton Phoenix Downtown for $43.3 million or approximately $293,000 per room. The institutional quality, six-story hotel sits in … [More]
ASU Receives $1 Million Grant to Lead Change in Study Abroad
The Council on International Educational Exchange (CIEE) has selected Arizona State University (ASU) as one of four nationally recognized institutions of higher education to receive $1 million in matching grants over four years to establish new study abroad programs that will advance institutional goals while improving student outcomes. ASU’s College of Liberal Arts and … [More]
Arizona’s Top Ranked ‘Side Hustle’ is Podcasting, Says Study
New research has discovered the most Googled side hustles in Arizona, with Podcasting at the top of the list. Knowledge entrepreneurs at Freedom Bound Business analyzed the total average number of monthly Google searches for terms related to side hustles, including ‘how to start [side hustle]’ and ‘how to make money from [side hustle]’ to determine which ones citizens are most … [More]
Phoenix-Based Pickleball Franchise Names Official Apparel Provider
Pickleball Kingdom, headquartered in Phoenix, Arizona, is celebrated for its state-of-the-art facilities and dedication to promoting the sport of pickleball. The partnership with Original Penguin underscores Pickleball Kingdom's commitment to providing its community with the best resources and experiences. "We're thrilled to welcome Original Penguin as our official apparel … [More]
Multifamily Investment Co. Secures Approval for New Housing Project in Mesa
Neighborhood Ventures, a leading real estate investment company utilizing crowdfunding to enable both accredited and non-accredited investors to invest in multifamily properties, announced today that the Mesa City Council has unanimously approved their zoning application for the site of the former American Inn on Country Club Road and Southern Avenue. The 6-0 vote paves the way … [More]
Airbnb Partners to Offer EV Charger Discounts; Searches for EV Chargers in AZ Surge by 113%
As part of our ongoing work to support the sustainability goals of our hosts and guests, Airbnb is partnering with ChargePoint, a leading provider of networked charging solutions for electric vehicles (EVs), to make it easier for hosts to install EV chargers at their listings and expand access to EV chargers across the US. This partnership comes at a time when Airbnb guests … [More]
