Salt River Project announced an agreement with NextEra Energy Resources to develop 3,000 megawatts (MW) of new solar generation by the end of 2034, or enough capacity to power 595,000 Arizona homes. The solar development agreement will support SRP’s plan to more than double the capacity of its power system by 2035 while maintaining reliability and affordability and making … [More]
Glendale Bank Parent Agrees to $130M Sale
BNCCORP, INC. and its wholly owned subsidiary, BNC National Bank announced it has signed a definitive agreement to be acquired by OppFi Inc., a tech-enabled digital finance platform, in a cash and stock transaction valued at approximately $130 million. The transaction brings together two complementary, market-leading businesses, combining OppFi's sophisticated online lending … [More]
Long-Delayed One Camelback Project Advances toward 2026 Completion
After years of speculation and a high-profile ownership reset, One Camelback is no longer a question mark on the Uptown skyline. It is a construction site in motion. Kinella Capital, LLC, led by developer TK Stratton, has reached several key milestones at the long-stalled office-to-residential conversion, signaling that one of Phoenix’s most talked-about projects is firmly … [More]
BlackRock Funds $40M Push to Scale AI Escrow Platform
HomeLight announced the launch of EVA, an AI-powered escrow agent designed to automate the majority of tasks required to close a real estate transaction — alongside $40 million in new debt financing from funds and accounts managed by BlackRock to scale the platform nationwide. EVA is the industry’s first agentic escrow officer, empowered to work with over 80 tools to interface … [More]
Arizona Cobalt Project Pens $850M Deal with Japanese Firm
EVelution Energy LLC, a U.S. critical minerals company developing the first commercial-scale cobalt metal and cobalt sulfate processing facility in the United States, announced the signing of a binding long-term offtake agreement with Mitsui & Co., Ltd., valued at approximately $850 million over the five-year term of the agreement. Under the terms of the agreement, … [More]
$2B PV Mall Redevelopment Adds New Dining, Retail and Lifestyle Options
RED Development announced a new slate of tenants coming to PV, the $2 billion mixed-use development in Phoenix, marking continued momentum for one of the most ambitious urban redevelopments in Arizona. The long-anticipated Life Time Paradise Valley, a 92,000-square-foot athletic country club, will open April 30, introducing a premier destination for health, wellness and social … [More]
Australian Chip Co. Opens First U.S. Facility in Tempe
Syenta, an Australian semiconductor technology company, announced the opening of its first U.S. facility in Tempe, Arizona, bringing advanced packaging technology, high-skilled jobs, and global innovation to the state. The expansion was made possible with support from the Arizona Commerce Authority (ACA), Greater Phoenix Economic Council (GPEC), City of Tempe, and Arizona State … [More]
Downtown Phoenix’s Planned Tallest Tower Rebrands
Empire Group of Companies, through its luxury urban infill division Aspirant Development, announced the official rebranding of its highly anticipated Downtown Phoenix high-rise project from its working name, Astra, to Arro – a landmark mixed-use development poised to become the tallest building in Arizona upon completion. Spanning approximately 1.8 million square feet, Arro … [More]
Phoenix Debuts as Host of Forbes Under 30 Summit
Forbes’ 2026 Under 30 Summit kicked off in Phoenix on April 19, launching a new multi-year chapter for the global gathering of young leaders, founders and innovators. Announced in conjunction with the 2026 Under 30 List launch event in New York, Phoenix’s role as the Summit’s new host city reflects Forbes’ expanded vision for the event and its confidence in a market … [More]
Beverage Distributor Opens 241,000 SF Mesa Facility
Swire Coca-Cola, USA — the bottler for Coca-Cola and other beverage brands across a 13-state region of the American West — has opened a new distribution facility in Mesa. The new facility will help meet rising demand in the fast-growing Phoenix metro area. Andrea Kendell, president and CEO of Swire Coca-Cola, USA, was joined by Mesa Vice Mayor Scott Somers for a … [More]
National Homebuilding Giant to Establish Headquarters in Tempe
KB Home, one of the largest and most recognized homebuilders in the U.S., announced it is relocating its corporate headquarters from Los Angeles to the Phoenix metro area. Beginning in spring 2027, KB Home will establish its new headquarters in Tempe, Arizona, bringing executive leadership and key corporate functions together in a more central location that will lower the … [More]
Arizona Governor Appoints Two to Board of Regents
Arizona Gov. Katie Hobbs announced that Dr. Michele Halyard and Steve Peru have been appointed to the Arizona Board of Regents. “On behalf of the Arizona Board of Regents, we appreciate Gov. Hobbs’ selection of two highly respected leaders in Dr. Halyard and Mr. Peru,” said ABOR Chair Doug Goodyear. “Their complementary backgrounds will add important perspective to the … [More]
Leadership Transition at Bashas’ Parent Company Adds New Executive Roles
The Raley’s Companies announced the departure of President & CEO Keith Knopf (left), and the appointment of Owner & Chairman Mike Teel (right) as CEO, a role he previously held prior to Knopf’s joining the company. “After eleven fulfilling years of service, I have reached a natural inflection point, and having achieved significant milestones, chosen at this point in … [More]
$7B Halo Vista Project Breaks Ground Near TSMC
Mack Real Estate Group and McCourt Partners hosted a ceremonial groundbreaking to mark the start of construction at Halo Vista, a landmark 2,300-acre master-planned development in North Phoenix. Situated immediately adjacent to the Taiwan Semiconductor Manufacturing Company (TSMC) campus, Halo Vista is designed to be a premier global hub for science, innovation, and … [More]
Honeywell Aerospace Inks $500M Agreement with U.S. Department of War
Honeywell Aerospace announced it has signed a groundbreaking supplier framework agreement with the U.S. Department of War (DoW) to rapidly increase the production of critical defense technologies. This agreement includes a $500 million multi-year investment to upgrade the company's production capacity. Honeywell Aerospace is among the first Tier 1 suppliers to sign a … [More]
Phoenix Commits $50M to ASU Health, Expanding Bioscience Core
Mayor Kate Gallego and the City Council approved a $50 million investment into ASU Health, which will house ASU’s John Shufelt School of Medicine and Medical Engineering on the Phoenix Bioscience Core in downtown. The Council’s vote—a unanimous one—pledges an additional $38 million from the City’s Sports Facility, Biosciences, and Tourism Fund, in addition to the $12 million … [More]
EPA Ruling Shields Arizona Businesses from Stricter Ozone Rules
The Arizona Chamber of Commerce & Industry celebrated a major victory for the state’s business community after the EPA approved Arizona’s Clean Air Act Section 179B ozone demonstration. The ruling confirms that the Phoenix-Mesa region would have met federal air quality standards but for pollution drifting in from international sources and wildfires, factors entirely … [More]
Upstart Golf League Names President to Scale Media and Fan Experience
Grass League announced the appointment of Michael Prindiville as President. In this role, Prindiville will oversee all business operations and competitive matters as the fast-growing par-3 golf league enters its next phase of expansion. "Grass League is already an incredible spectator experience. I saw that firsthand at the Championships last December," said Prindiville. … [More]
