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Phoenix Business Journal

@phxbizjournal

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The Phoenix region's source for local business news & events. Part of the American City Business Journals network. Subscribe today! https://t.co/l1pwlAh8le

Phoenix, Arizona
Joined March 2009
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@phxbizjournal
Phoenix Business Journal
6 hours
While Phoenix attracted the most out-of-state movers in raw numbers, several smaller Arizona cities had higher percentages of newcomers arriving from beyond state borders.
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Arizona's 12.9% mobility rate ranks 7th nationally, with Flagstaff leading at 27.7% and Queen Creek drawing the most out-of-state movers.
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@phxbizjournal
Phoenix Business Journal
10 hours
The Gilbert developer who comes from a family of inventors and restaurateurs explains why he now sees himself as just a guy who was given some opportunities.
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Willy Johnston, CEO of Johnston & Co., shares overcoming family legacy pressure, creating Epicenter in Gilbert, and balancing work and family life.
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@phxbizjournal
Phoenix Business Journal
22 hours
Phoenix has emerged as the top city in the nation for construction workers, with steady job growth and competitive wages creating opportunities for skilled professionals even as the industry faces headwinds.
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Phoenix construction wages grew 4%-5% in 2025, with employment up 5% to 41,500 workers, making it the top U.S. city for construction jobs.
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@phxbizjournal
Phoenix Business Journal
1 day
A 332-unit apartment complex in downtown Phoenix adds to a string of large apartment sales in recent months.
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ColRich bought the 332-unit Camden Copper Square Apartments in downtown Phoenix for $77M, noting its proximity to ASU and major job centers.
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@phxbizjournal
Phoenix Business Journal
1 day
The West Valley's population has surged to 1.9 million people, and rising household incomes in the area are drawing luxury retailers and national brands to open their first Arizona locations at Arrowhead.
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Arrowhead Towne Center in Glendale thrives as a mall while others have closed, attracting new retailers and restaurants to serve the growing West Valley.
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@phxbizjournal
Phoenix Business Journal
1 day
One franchisee now controls the entire Phoenix-area footprint of this Los Angeles-based burger chain, and he's investing in a new location.
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Richard "Rip" Riva owns all five Johnny Rockets in Phoenix and will open a sixth at Chandler Fashion Center in 2026.
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Phoenix Business Journal
1 day
Plus, two new restaurant concepts are coming to downtown Phoenix, while an Asian-focused retail center has completed its expansion.
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Evergreen Devco began a 222-unit apartment project in Mesa, while Vivili Hospitality Group invests $4M in downtown Phoenix restaurants.
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@phxbizjournal
Phoenix Business Journal
2 days
Debbie Johnston, a seasoned health care professional with more than 20 years experience, was nominated to be the new director of Arizona Department of Health Services.
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Debbie Johnston, former VP of the Arizona Hospital Association, will lead the Arizona Department of Health Services, pending Senate confirmation.
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@phxbizjournal
Phoenix Business Journal
2 days
Think your flight arrived early? Not so fast if you're arriving at one of these airports with the nation's longest taxiing times.
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Airline passengers spent more time on airport tarmacs in 2024 than before the pandemic, with JFK, Newark and O'Hare seeing the longest taxi times.
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@phxbizjournal
Phoenix Business Journal
2 days
Ishbia says the team's value has jumped from $4 billion to $6 billion since he bought it in 2023, but minority owners claim he's using the franchise for personal gain rather than maximizing returns for all investors.
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Mat Ishbia defended owning the Phoenix Suns on a podcast, calling minority owners "losers" amid their lawsuit over alleged financial mismanagement.
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Phoenix Business Journal
2 days
A Gilbert-based compounding pharmacy founded in 2018 is making a massive leap from its humble 2,000-square-foot beginnings.
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Strive Pharmacy will expand from 2,000 to 350,000 square feet in Mesa, boosting production from millions of prescriptions yearly to millions monthly.
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Phoenix Business Journal
2 days
A new ranking system specifically designed to measure interdisciplinary science has placed Arizona State University ahead of several major research institutions.
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Arizona State University ranked No. 14 globally in Times Higher Education's Interdisciplinary Science Rankings, placing in the top 10 in the U.S.
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Phoenix Business Journal
2 days
Allegations of sexual assault have been filed in a court case against an executive who leads a powerful Texas business lobbying agency, who previously led a similar association in Arizona.
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An unidentified woman accused Glenn Hamer, president and CEO of the Texas Association of Business, of sexually harassing and assaulting her.
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Phoenix Business Journal
2 days
Arizona's three major universities are advancing national security innovations through a new partnership between the Arizona Board of Regents and the Arizona Office of Defense Innovation, with projects selected from more than 55 applications.
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Eight Arizona university research projects received $90,000 grants each to advance national security technologies, including AI and drone charging.
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Phoenix Business Journal
2 days
Chandler's police department partnered with Arizona State University students to create an AI chatbot that handles traffic complaints, from speeding to road rage incidents, ensuring every report gets mapped and addressed by local law enforcement.
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Chandler's mayor outlines how the city uses AI to enhance public safety, overcome language barriers, and integrate autonomous vehicles into its transit system.
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Phoenix Business Journal
2 days
A developer wants to rezone more than 60 acres in Buckeye for a multifamily project that would add hundreds of housing units in three different residential styles, aiming to support the city's growing employment base.
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Ward Real Estate and Development Company plans to build 901 apartments in Buckeye, adding housing diversity near Interstate 10 and the Sundance area.
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@phxbizjournal
Phoenix Business Journal
2 days
A Rolls Royce and 1966 Ford Galaxie are among the fleet of cars acquired by a former Arizona health care CEO who lived a lavish lifestyle for years while defrauding millions from an Indian Tribal Organization.
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Kevin Lamorris McKenzie faces 14 years in prison for defrauding millions from Apache Behavioral Health Services and the White Mountain Apache Tribe.
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@phxbizjournal
Phoenix Business Journal
2 days
Christopher Todd Capital paid big bucks for a rental community in the West Valley that traces back to a partnership that dissolved in 2022, marking a strategic shift for the Mesa-based firm.
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Christopher Todd Capital bought a 193-home rental community in Surprise for $55.24M from Taylor Morrison, marking its second Arizona acquisition.
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