29-Hangar Aviation Development Gets Green Light in Chandler

inbusinessPHX.com

The Chandler City Council has unanimously approved a ground lease with a new subsidiary of Vesper Aviation, CHD Curtis East LLC, to build 29 new executive hangars for sale or lease at Chandler Municipal Airport. Vesper Hangars, the new development, will span 113,000 square feet located on the airport's northern boundary, addressing growing regional demand for hangar … [More]

Landmark Phoenix Office Tower Set for Dramatic JW Marriott Transformation

inbusinessPHX.com

LaPour Partners has unveiled plans for JW Marriott Phoenix, a 340-key luxury hotel planned within One Arizona Center in downtown Phoenix. The project will adapt the existing 19-story, 351,600-square-foot Class A office building into an urban resort. Constructed in 1989, One Arizona Center is located at 400 E. Van Buren St. within Arizona Center, a one million-square-foot … [More]

780K-SF Industrial Development Planned at North Phoenix Mega-Project

inbusinessPHX.com

Mack Real Estate Group and McCourt Partners announced plans for the first phase of industrial buildings for lease within the approximately 2,400-acre Halo Vista master plan in North Phoenix, following the announcement by Taiwan Semiconductor Manufacturing Company of plans to increase its investment in Arizona to $265 billion. The Halo Vista development team aims to attract TSMC … [More]

Raytheon Secures $745M Deal to Produce Missile Interceptors in Arizona

inbusinessPHX.com

Raytheon, an RTX  business, has received a $745 million contract from the Missile Defense Agency for the production and sustainment of Standard Missile-3 Block IIA (SM‑3 IIA) interceptors. "SM-3 Block IIA is a cornerstone of regional defense, giving the U.S. and allied partners greater reach, accuracy and confidence against evolving threats," said Barbara Borgonovi, … [More]

$2.2B Acquisition to Create 6th Largest Homebuilding Giant in the U.S.

inbusinessPHX.com

Dream Finders Homes, Inc. and Beazer Homes USA, Inc. announced that they have entered into a definitive agreement under which Dream Finders will acquire Beazer in an all-cash transaction at an enterprise value of approximately $2.2 billion. Under the terms of the agreement, Beazer shareholders will receive $33.50 in cash for each share of Beazer common stock, representing an … [More]

Dutch Bros to Acquire up to 65 Salad and Go Locations

inbusinessPHX.com

Dutch Bros Inc., one of the fastest-growing brands in the U.S. quick-service beverage industry, today announced it has entered into an agreement to acquire the real estate and related site assets of up to 65 Salad and Go locations across Arizona, Nevada, Oklahoma, and Texas. The closing is expected to occur in the third quarter of 2026 and is subject to applicable approvals and … [More]

Salad and Go Abruptly Closes All Restaurants Following Chapter 11 Filing

inbusinessPHX.com

Salad and Go announced that it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. All Salad and Go locations will close permanently, with final guest service on Aug. 5, 2026. Salad and Go was founded in 2013 on a simple belief: that everyone deserves … [More]

Phoenix Named Permanent Home of SEMICON West

inbusinessPHX.com

SEMI, the global industry association serving the semiconductor and electronics design and manufacturing supply chain, announced that Arizona will become the long-term home of SEMICON West, with a new annual spring schedule beginning March 30–April 1, 2027, at the Phoenix Convention Center in Phoenix, Arizona. SEMICON West made a record-setting debut in Arizona last fall, … [More]

Prominent Valley Casino Operator Makes Historic CEO Appointment

inbusinessPHX.com

Salt River Community Gaming Enterprises announced the appointment of Patricia Tate as President and Chief Executive Officer, effective August 1, 2026. An enrolled member of the Salt River Pima-Maricopa Indian Community, Tate becomes the first woman and first enrolled tribal member to serve as CEO of the Gaming Enterprises. She steps into the organization’s top leadership role … [More]

Veteran Publisher Returns with Bold Vision for Expansion, Community Leadership and the Launch of a New Public Policy Institute

InMedia Company Welcomes Back Rick McCartney as CEO & President Following Congressional Campaign

inbusinessPHX.com

InMedia Company announced the return of Rick McCartney as Chief Executive Officer and President following a year-long leave of absence during which he sought to represent Arizona's First Congressional District in the U.S. House of Representatives. While his Primary campaign did not make it through to the General Election, McCartney's message of practical solutions, civic … [More]

Berkshire Takes Taylor Morrison Private in $8.5B Deal

inbusinessPHX.com

Berkshire Hathaway Inc. and Taylor Morrison announced the completion of Berkshire Hathaway's acquisition of Taylor Morrison for $72.50 per common share in cash, representing a total equity value for Taylor Morrison of approximately $6.8 billion and total enterprise value of approximately $8.5 billion. Under Berkshire, Taylor Morrison will continue to be led by CEO Sheryl … [More]

Chandler Chipmaker Expands into Edge AI with Acquisition

inbusinessPHX.com

Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, announced that it has signed a definitive agreement to acquire Hailo, a provider of accelerated edge AI processors, advanced vision processing solutions, robotics processors and comprehensive AI software flows. The transaction is expected to close towards the end of … [More]

NVIDIA, Amkor Announce $1.5B Arizona Partnership

inbusinessPHX.com

Amkor Technology, Inc. announced a $1.5 billion multi-year strategic partnership with NVIDIA to develop advanced semiconductor packaging and test technologies for next-generation AI and accelerated computing platforms. Under the agreement, NVIDIA will provide a prepayment to support the expansion of Amkor’s U.S. advanced packaging capacity. Advanced packaging enables the … [More]

Remembering the ASU President Who Reshaped Arizona Higher Education

inbusinessPHX.com

Lattie F. Coor Jr., the 15th president of Arizona State University whose tenure achieved major milestones for ASU as a research institution, died Thursday evening at age 89. “ASU would not be the institution it is today without Lattie Coor’s vision, leadership and commitment to the community,” ASU President Michael M. Crow said. “Our university’s advancements in research … [More]

TSMC Expands Arizona Investment by $100B as Earnings Soar

inbusinessPHX.com

TSMC announced consolidated revenue of NT$1,270.38 billion, net income of NT$706.56 billion, and diluted earnings per share of NT$27.25 (US$4.31 per ADR unit) for the second quarter ended June 30, 2026. Year-over-year, second quarter revenue increased 36.0%, while net income and diluted EPS both increased 77.4%. Compared to first quarter 2026, second quarter results … [More]

Valleywise Health Board Names New President and Chief Executive

inbusinessPHX.com

The Maricopa County Special Health Care District Board of Directors announced that it will appoint Michael D. White, MD, MBA, as Valleywise Health’s next President and Chief Executive Officer at a special board meeting on July 8, 2026. Dr. White will assume the role on August 1, 2026. Following a comprehensive national search, the Board determined that Dr. White’s … [More]

Tempe-Based AI Giant to be Acquired in $3.1B Deal

inbusinessPHX.com

Schneider Electric, a global leader in energy management and automation, announced that it has entered into a definitive agreement to acquire 100% of Cognite Holding B.V., a leading provider of industrial data and AI software, in an all cash transaction valued at $3.1 billion. Industrial AI is shifting from supporting analytics to executing operations, from describing what … [More]

Valley Chip Giant Makes $7B Bet on Next-Gen Computing

inbusinessPHX.com

onsemi  and Synaptics Incorporated announced they have entered into a definitive agreement under which onsemi has agreed to acquire Synaptics in an all-stock transaction, representing a total enterprise value of approximately $7 billion. The transaction value reflects a fixed exchange ratio of 1.350 shares of onsemi common stock for each Synaptics share and represents an … [More]

In Business Dailies

Sign up for a complimentary year of In Business Dailies with a bonus Digital Subscription of In Business Magazine delivered to your inbox each month!

  • Get the day’s Top Stories
  • Relevant In-depth Articles
  • Daily Offers
  • Coming Events