The Global Fight League (GFL) will launch the world's first team-based international MMA league in unprecedented fashion with an in-depth docuseries exploring the current state of the MMA industry. The docuseries will give fans a first-of-its-kind look at the formation of the first true MMA League, from fighter recruitment and business operations to the selection of eight … [More]
Cardinals Introduce First-of-Their-Kind Field-Level Seating Experiences
Two-Level Casitas and Pair of Private, Field-Level Clubs Highlight New Luxury Offerings for 2024
The NFL’s new league year began last week and for the Arizona Cardinals, bold plans are underway to re-shape the in-stadium experience in ways that will re-define the standards and expectations for high-end, premium spectator offerings not only in Arizona but across the sports landscape. Last year, the Cardinals had the least expensive gameday experience in the NFL according … [More]
Scottsdale Airpark Remains Focal Point of Growth
Area Attracts High Profile Companies and Impressive New Developments
The Greater Scottsdale Airpark area continues to be a focal point for growth and business relocation, according to a report released by Colliers in Arizona. Nationally recognized companies are moving operations there and sizable new developments are being built in this prestigious area of metropolitan Phoenix. “We have been tracking the Scottsdale Airpark submarket since … [More]
Arizona Is Making Business Connections with Ireland
More than 15 companies headquartered in Arizona have made business connections with Ireland by establishing an office, development center or lab to expand and grow international business. These include such leaders as Standard Aero, MSR-FSR, ON Semiconductor, transACT, Microchip Technology and companies in the aviation sector. transACT: Headquartered in Phoenix, Transact … [More]
Home Listings Surge, Luring Some Buyers Off the Fence, but Near-Record Housing Costs Price Others Out
New listings rose 13% from a year earlier, their biggest increase in nearly three years, but home prices and mortgage rates remain elevated
The median U.S. monthly housing payment was $2,686 during the four weeks ending March 10, just $30 shy of last October’s all-time high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s due to a combination of still-high mortgage rates and rising prices. While mortgage rates came down slightly this past week after … [More]
New Dark Fiber Connectivity to Span Nine Valley Cities, Area Universities, Major Data Centers
Light Source Communications, a leading provider of secure, scalable, reliable connectivity on state-of-the-art dark fiber networks, announces the commencement of a new dark fiber route in the Phoenix, Ariz. metro area, following its deal with a major global hyperscaler as the anchor tenant. Once complete, this project will encompass nine cities, universities and several data … [More]
Optimism on Main Street Declines as Inflation Looms as Top Challenge
The NFIB Small Business Optimism Index decreased in February to 89.4, marking the 26th consecutive month below the 50-year average of 98. Twenty-three percent of small business owners reported that inflation was their single most important business problem in operating their business, up three points from last month and replacing labor quality as the top problem. “While … [More]
How Arizona Is Competing for the CHIPS Act
State leads unprecedented effort to maximize semiconductor opportunities
Arizona is leading the nation in supporting the U.S. CHIPS Act economic and national security objectives. Even before it was signed into law on August 9, 2022, Arizona had one of the fastest-growing and most established semiconductor industries in the world. The passage of the CHIPS Act and new investment and actions from state and industry leaders have accelerated the growth … [More]
Real Estate Crowdfunding Co. Launches Arizona Multifamily Opportunistic Fund to Capitalize on Increasing Number of Distressed Properties
Neighborhood Ventures, one of the country's largest real estate crowdfunding companies, announced the launch of its Arizona Multifamily Opportunistic Fund. This special fund will allow accredited investors (and non-accredited investors in Arizona) to invest in Arizona multifamily commercial properties that Neighborhood Ventures estimates are selling at a distressed rate of 30% … [More]
More Inventory, More Closings: 2024 Residential Housing Looks Up
Homes selling faster as days on market plummet from last year’s numbers
The single-family home inventory grew nearly 8% in February compared to meager 2023 numbers, and the number of families closing on their new homes increased 1.5% so far this year compared to the same period last year, according to the latest data from Phoenix REALTORS®. “As interest rates are dropping and buyer interest is rising, we’re starting to see more existing homeowners … [More]
Partnerships in ASU-Led Initiative to Transform Climate Challenges into Economic Opportunities
The U.S. National Science Foundation has announced three new partners in an Arizona State University-led initiative to transform the desert Southwest’s climate challenges into economic opportunities. Ecolab, Hydrosat and the U.S. Green Building Council have joined NSF Engines: Southwest Sustainability Innovation Engine, or SWSIE. The initiative unites academic, community, … [More]
Toyota Provides up to $9.3M to Arizona Schools for STEM Programs
Toyota USA Foundation announced grants of up to $9.3 million to prepare Chandler and Tempe students for future careers in science, technology, engineering and math (STEM). The collaboration is part of the Driving Possibilities initiative and is a five-year phased rollout of programing in select schools. "Our goal is to increase awareness of future STEM careers while helping … [More]
Annual US Home Price Growth Moves Up Gradually Again, Metro Phoenix Considered Overvalued
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for January 2024. Year-over-year home price gains reached the highest rate in a year in January, but growth is expected to begin slowing in the coming months, falling to 2.6% by early 2025. Both higher … [More]
Pentagon Technologies to Build Semiconductor Equipment Cleaning Facility in Mesa
Representing an over $50 million investment, the facility will create up to 300 new jobs
Pentagon Technologies Group, Inc., a wholly owned subsidiary of Kurita Water Industries, Ltd., a critical materials supplier of advanced chamber cleaning equipment consumables to leading-edge semiconductor foundries, announced that it is building a new cleaning facility in Mesa, Arizona. The facility is expected to be operational in Q4 2024. Pentagon’s project is underway … [More]
KOREPlex Site Plan Receives Key Approval, Project to Deliver a $1.25B Investment in Buckeye
The KOREPlex, which is central to KORE Power, inc.’s (KORE) plan to build an American lithium-ion battery supply chain, received a key approval this week, when the City of Buckeye’s Planning and Zoning Commission unanimously approved plans for Phases 1 and 2 at the site. “We have worked closely with the City of Buckeye to design a manufacturing facility that is a significant … [More]
U.S. Housing Market Gained $2 Trillion in Value over the Last Year, Says Report
The total value of U.S. homes jumped 5% to $47.5 trillion, the biggest gain in nearly a year, as a shortage of houses for sale propped up values
The U.S. housing market gained $2.4 trillion over the last year, bringing its total value to $47.5 trillion, according to a new report from Redfin, the technology-powered real estate brokerage. That’s based on an analysis of the Redfin Estimate for more than 90 million U.S. residential properties as of December 2023. In percentage terms, the total value of U.S. homes … [More]
Arizona among States with the Largest Fall in Job Openings, Says Study
Job markets around the world have struggled throughout 2023 due to factors such as inflation driving up costs and triggering widespread layoffs. Across the U.S. there were 1.7 million fewer jobs available in October 2023 than there were in October 2022. Side hustle experts Wealth of Geeks have analyzed the latest data from the Bureau of Labor Statistics which showed the … [More]
Arizona Board of Regents Paves the Way for ASU’s New Medical School, M.D. Degree
In a major step toward better health care for Arizonans, today the Arizona Board of Regents approved the creation of a new medical school at Arizona State University, which will open its doors to future doctors in the fall of 2026. “ASU's innovative medical and engineering program is poised to cultivate world-class physicians and secure a healthier future for our families … [More]
