In-person voting began on October 9, 2024, and will continue through Election Day, Tuesday, November 5, 2024. Individuals who wish to vote in person can visit any voting location. On Election Day, Tuesday, November 5, 2024, voting locations will be open to voters from 6 AM to 7 PM. Locations are designated throughout the county and are found by … [More]
Housing Market Stays Surprisingly Active as Election Looms and Mortgage Rates Hit 7%
Mortgage rates rose to 7% for the first time since early July this week, erasing their late-summer decline into the low-6% range. That’s according to a new report from Redfin, the technology-powered real estate brokerage. Rising rates, combined with economic uncertainty and anxiety brought on by the impending presidential election, are causing some prospective homebuyers and … [More]
Supply Chain Solutions Manufacturer Opens State-of-the-Art Facility in Buckeye
Rehrig Pacific, a leading manufacturer of integrated sustainable solutions for the supply chain and environmental waste industries, celebrated the grand opening of their state-of-the-art, 264,000-square-foot manufacturing facility on October 26 in Buckeye, Arizona. The grand opening highlighted the dedicated efforts of the Rehrig Pacific team, state and local developers, … [More]
New Phoenix Technology District at TSMC Announced, Mixed-Use Development to Be a Science and Innovation Hub
Mack Real Estate Group and McCourt Partners have announced the name of their 2,300+ acre mixed-used, master-planned development in Phoenix’s North Valley: Halo Vista. Located immediately adjacent to Taiwan Semiconductor Manufacturing Corporation’s (TSMC) $65 billion semiconductor fabrication campus, Halo Vista is positioned to become a hub for science and innovation, driving … [More]
ASU Selected for DoD Research Center on Non-Traditional Warfare
Arizona State University (ASU) has been selected to work closely with the U.S. Department of Defense (DoD) to provide reputable academic research support to deepen the understanding of current and emerging global trends in non-traditional warfare. ASU will lead a national consortium supporting the DoD’s Irregular Warfare Center (IWC) in the National Capital Region. The … [More]
Taiwan’s Leading Semiconductor Supplier Expands Global Reach with U.S. Facility Opening in Phoenix
Sunlit Fluo & Chemical Co. Ltd., Taiwan’s premier semiconductor chemical supplier, is expanding its international footprint with the grand opening of its first manufacturing facility outside of Asia – Sunlit Arizona, LLC. The new state-of-the-art plant, strategically located in Phoenix, Ariz., will provide critical materials to support the U.S. semiconductor industry, … [More]
EPA Announces $32 Million for Water Infrastructure in Arizona
The U.S. Environmental Protection Agency (EPA) announced $3.6 billion in new funding under the Bipartisan Infrastructure Law to upgrade water infrastructure and keep communities safe. Combined with $2.6 billion announced earlier this month, this $6.2 billion in investments for Fiscal Year 2025 will help communities nationwide make essential water infrastructure upgrades to … [More]
Region Receives $146M in Federal Grants for Grand Avenue Reconstruction Project
Grants will help fund US 60 (Grand Avenue) 35th Avenue/Indian School Road Grade Separation Project
The U.S. Department of Transportation announced a $146 million combined federal grant funding award to the Maricopa Association of Governments (MAG) for the US 60 (Grand Avenue)/35th Avenue/Indian School Road Grade Separation Project. The project will help address the complex issues surrounding the six-legged highway/arterial intersection that also includes two at-grade … [More]
Nucleus RadioPharma Announces New Manufacturing Site in Mesa
Facility will put high-quality development and manufacturing for short half-life theranostic products within reach
Nucleus RadioPharma, the world’s first fully integrated development, manufacturing, and supply chain organization for radiopharmaceuticals, announced that it has signed a lease and committed to build a new manufacturing facility in Mesa, Arizona. Once operational in mid-2026, the 53,000-square-foot facility will create 50 new skilled jobs. The theranostic market currently … [More]
Zero-Emissions Transportation Co. Releases Inaugural Sustainability Impact Report
Nikola Corporation, a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, released their first-ever sustainability impact report today. Nikola's 2023 Sustainability Impact Report covers environmental and social impacts, reporting, and progress towards Nikola's sustainability priorities. According to … [More]
2025 WM Phoenix Open Looks to Get Better, Not Bigger
Construction for “The People’s Open” is now underway, and The Thunderbirds, hosts of the WM Phoenix Open, have announced several changes and improvements for the upcoming event designed to elevate the overall fan experience. Changes this year include adding another tournament entrance, an all-digital general admission ticketing platform, improved spectator walking areas, and … [More]
Builders Continue Shift to Condos and Townhomes amidst Affordability Crisis
America's housing stock continues to grow faster than it did before the pandemic-induced housing frenzy, as builders race to fill a shortage of 4.5 million homes. The latest analysis from Zillow® shows roughly 1 million single-family homes were completed in 2023, the second-highest annual total since before the global financial crisis. That's about 11% more homes than were … [More]
Pending Home Sales Jumped 2.5% in September, the Biggest Monthly Increase in over 18 Months
Pending home sales jumped 2.5% month over month in September on a seasonally adjusted basis, the largest increase since January 2023, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They rose 3.1% year over year, the biggest annual increase since May 2021. Pending sales climbed last month for two reasons: Mortgage rates fell … [More]
New Poll Shows Arizonans Demand Action on Increasing Access, Affordability to Education and Training After High School
Education Forward Arizona, as part of its Everything to Gain campaign, unveiled a new poll in an ongoing study regarding the state of attainment of education and training after high school. The results show that Arizonans overwhelmingly support specific policy actions from leaders and lawmakers to increase support and resources to help Arizonans attain a degree or certificate. … [More]
National Commercial Real Estate Sentiment Rebounds, Says Survey
The NAIOP CRE Sentiment Index, which measures industry expectations for commercial real estate market conditions over the next 12 months, has increased significantly from the last survey conducted in the Spring. The Index climbed to 56, indicating that respondents expect conditions for commercial real estate development to improve over the next year. The NAIOP CRE Sentiment … [More]
Tech Incubator Launches a New Startup Studio to Increase Local Startups and Jobs
Idealab Arizona, a partner of Idealab Studio, the leading technology incubator, today announced the launch of a startup studio that co-founds Arizona State University-affiliated tech startups to increase commercialized intellectual property, startups and jobs in Arizona. Idealab Arizona will focus on startups in climate, medical, AI and advanced manufacturing to drive … [More]
Barrett-Jackson Supercharges Collector Car Hobby During Scottsdale Fall Auction with More Than $56.6M in Total Auction Sales
Barrett-Jackson, The World’s Greatest Collector Car Auctions, supercharged the collector car hobby during the 2024 Scottsdale Fall Auction, presented by Gila River Resorts & Casinos, Oct. 10-13 at WestWorld of Scottsdale. The four-day automotive lifestyle event featured 794 collectible vehicles that sold for more than $55 million, with a 99.9 percent sell-through rate. In … [More]
First Decline in Metro Phoenix Office Vacancy Rates in Five Years
The Phoenix Office of JLL has released its Q3 2024 Phoenix Office Market Dynamics report, noting a continued stabilization in the local office sector with vacancy rates decreasing, the sublease market showing positive trends and rental rates on the rebound. The total metro Phoenix office market vacancy rate decreased by 10 basis points during the third quarter to 25.1%. This … [More]
