Data Center Provider Announces Its First Phoenix Data Center Campus
Prime, a developer and operator of hyperscale and wholesale data centers in America and Europe, announced expansion into the Phoenix market with a five-building, 66.5-acre campus in Avondale. Prime Phoenix will feature 210 megawatts of critical power and 1.3 million square feet of space. The project will culminate in a sustainable, high-density data center campus […]
More Restaurant Concepts Coming to Tempe’s Novus Place
Five restaurants, including some first-to-the-market concepts, have signed leases at Novus Place, the new main street entertainment district in the latest phase of the 355-acre Novus Innovation Corridor adjacent to Arizona State University’s Tempe campus. Among them are Blue Sushi Sake Grill, Eureka!, Over Easy, The Alley and Nautical Bowls. Flagship Restaurant Group’s Blue Sushi […]
Phoenix Sky Harbor Bond Rating Upgrade with Record Passenger Numbers Echo Tourism Recovery
Moody’s Investors Services raised its long-term rating to Aa2 from Aa3 on Phoenix Civic Improvement Corporation’s (CIC) senior-lien general airport revenue bonds (GARBs) and raised its long-term rating to Aa3 from A1 on CIC’s junior-lien GARBs, issued on behalf of Phoenix Sky Harbor International Airport (PHX). Both credits have stable outlooks. Moody’s also assigns Aa2 […]
Phoenix Suns, Phoenix Mercury Announce Groundbreaking Media Rights Deal
The Phoenix Suns and Mercury announced a new media rights deal with Gray Television, Inc. and Kiswe to deliver 100% of each team’s locally broadcast games via over-the-air television and streaming. Under the new deal, the Suns and Mercury games will be available to nearly 2.8 million households in Arizona, more than tripling the current […]
Arizona Manufacturers Tally a Staggering $77.6B in Sales for 2022, Says Report
Arizona manufacturers’ directly and indirectly sold $77.6 billion worth of goods and services in 2022, up nearly 40% from 2017, according to a new report by the Common Sense Institute Arizona (CSI), a nonpartisan research institute employing precise econometric analyses to bridge the gap between economic development and public policy. At approximately 9% of the […]
New Resort Is Arizona’s Largest and Will Focus on Beach Life, Entertainment and Culinary Concepts
Imagine a $1 billion, 60-acre resort oasis destination rising from the Arizona desert landscape. Imagine a hotel room transforming into the most incredible concert seat to view world-renowned artists and entertainers performing from the $40 million stage in an unprecedented amphitheater and live entertainment venue. Imagine an island escape inspired by the most exotic beaches […]
Governor Announces First-of-Its-Kind Cross-Border Electric Truck Pilot Program
Alongside Governor Durazo, Governor Hobbs announced a first-of-its-kind Cross-Border Electric Trucking Pilot Program that will build businesses, create jobs, and help preserve Arizona’s natural resources and climate. This program will help ensure Arizona is leading the world into the green economy future. “Mexico is the strongest link in Arizona’s supply chain, and as Arizona’s economy […]
A Decade in Residential Construction in Arizona: Metro Phoenix Ranks Fourth in Top 10 Largest Metros with the Most Permits Issued in 2022
The most recent banking troubles, rising inflation, and prohibitive mortgage rates are some of the issues affecting the housing market at the moment. And the latest data supports the fact that the market is losing momentum: While the number of completed units has increased every year since 2012, permits and housing starts are dropping nationwide. Arizona […]
Communications Co. Invests Over $10M in Infrastructure as It Prepares for Future Growth within the Salt River Pima-Maricopa Indian Community
Saddleback Communications, a provider of highly reliable fiber-based internet, voice and cloud communications services, is investing millions in new infrastructure on the Salt River Pima-Maricopa Indian Community (SRPMIC) to continue to provide exceptional reliability and next-generation services. The company recently announced its plan to invest more than $10 million over the next two years to […]
Poll: Arizonans Unified on Urgent Need to Strengthen Protections for Groundwater Supplies
The Walton Family Foundation, in collaboration with Morning Consult, released a poll today revealing that 85% of Arizonans agree that the state should do more to manage groundwater in all parts of the state and 79% agree that Arizona can’t address its water crisis without safeguarding all groundwater supplies. Virtually all Arizonans (92%) say it […]