In Business Phoenix Staging

Tag: Top Stories

Edwards Ready to Serve Semiconductor Industry with Opening of Manufacturing Facility in Chandler

Edwards, the leading supplier of vacuum and abatement services for the global semiconductor industry, is ready to serve Arizona’s fastest growing sector with the grand opening of its state-of-the-art manufacturing facility in Chandler, Arizona. The newly constructed 200,000 square foot facility, coined Chandler Connection, officially opened its doors on Thursday, April 20. Edwards Chandler Connection […]

Single-Family Home Rents Continue to Rise, Phoenix Up 14%

Rentometer has released their Q1 2023 Rent Report for three-bedroom (3-BR) houses that are single-family rentals (SFRs). Rentometer collects data for all residential asset classes, but this report is focused on SFR because they are one of, if not the most, active residential rental asset classes today. Rentometer’s president, Mike Lapsley, commented that “we have […]

Home Prices Fell 3% in March–Biggest Annual Drop in Over a Decade, Competition Up

The median U.S. home price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012, according to a new report from Redfin, the technology-powered real estate brokerage. Pandemic boomtowns and pricey Bay Area markets led the price declines in March. In Boise, ID, prices fell 15.4% from a year earlier, more than any […]

Arizona Gives Day Generates $5.1M for Nonprofits Statewide

Arizona residents donated more than $5 million to more than 875 Arizona nonprofits as part of the 2023 Arizona Gives Day, preliminary results show. With this year’s preliminary total, Arizona Gives Day has now generated nearly $42 million for Arizona nonprofits over the past decade. The event, which is presented by the Alliance of Arizona […]

Smaller Deals Lead Q1 Phoenix Office Leasing, Favoring Spec and Sublease Space

Three quarters of all office lases signed in metro Phoenix in Q1 2023 fell in the sub-10,000-square-foot range, according to the latest market report released by the Phoenix office of JLL. The activity demonstrates a continued preference for smaller speculative suites and plug-and-play sublease space – both office solutions that provide greater flexibility as tenants […]

Investment Group Set to Break Ground on One of the Largest Industrial Parks in Arizona History

Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, is set to break ground on Phase I of LogistiCenter℠ at Copperwing, commencing construction for one of the largest business parks in Arizona history. LogistiCenter℠ at Copperwing is located at the Northern Parkway Expressway […]

ACF to Provide $2.9 Million in Funding to Support Affordable Housing in Metro Phoenix

The Arizona Community Foundation’s Metro Phoenix Affordable Housing Collaborative Fund is seeking proposals from nonprofit housing developers and plans to award approximately $2.9 million to advance affordable housing production and preservation in the Metro Phoenix Area. This Request For Proposals process is part of the ongoing work of the Metro Phoenix Affordable Housing Collaborative formed […]

Report Shows Rents Post First Annual Decline in Three Years, Phoenix Down 2.1%

The median U.S. asking rent fell 0.4% year over year to $1,937 in March—the first annual decline since March 2020 and the lowest median asking rent in 13 months, according to a new report from Redfin, the technology-powered real estate brokerage. By comparison, rents were up 17.5% one year earlier, in March 2022. The median […]

Construction Nears on New Large-Scale Battery Storage Project in Avondale

Officials from SRP, Plus Power LLC, and the City of Avondale met on Wednesday for a ceremonial groundbreaking to kick off construction mobilization at the new large-scale battery facility, Sierra Estrella Energy Storage on West Broadway Road in Tolleson. The facility will store up to 250 megawatts (MW), or 1,000 megawatt hours (MWh), and will […]