Phoenix Business Journal
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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
Go inside the headwinds facing higher education, along with Figma's blockbuster IPO and an Uber moment for the AI sector, in this week's coverage from The National Observer.
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Universities are facing series of obstacles, including Department of Education layoffs, National Institutes of Health funding cuts and declining enrollment.
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A substantial gift from a prominent foundation has enabled ASU to bring on board an industry veteran.
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Tom Johnston named executive director of ASU's W. P. Carey Center for Real Estate, bringing expertise to expand programs and partnerships.
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Costco's quiet property purchases across the Valley suggest a multifaceted approach to growth, potentially reshaping its distribution network and store presence in the region.
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Costco expands in Arizona, buying land for a new Business Center in Chandler and acquiring property near its Tempe store for potential growth.
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An uncertain job market is impacting how workers view their employment situation.
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A softening job market sees fewer professionals seeking new roles, with many favoring contract work over full-time positions.
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Even within the obsolete side of the office market, buildings are trading, usually at steep discounts, to be converted into new uses.
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Uncertainty about the economy's direction and a lack of downward movement on interest rates and the 10-year Treasury may still be holding back some deals.
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From free land to cash incentives, small towns and cities across America are getting creative on how to attract workers.
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Muncie, Indiana boosts population growth with quality-of-place projects and worker incentives, attracting residents and enhancing economic prospects.
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Zelis' decision to open its first Arizona facility wasn't made lightly. It chose this Tempe site after considering over 30 other Valley locations.
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Zelis Healthcare leases space in Tempe for its second printing facility, citing Arizona's climate and location as key factors in the decision.
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As a September court date approaches, a new legal maneuver has intensified the wrangling over Arizona's controversial film tax credits,
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Goldwater Institute seeks to block Arizona film tax credits. Court to hear arguments in September on lawsuit against state commerce authority.
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In this week's Business Journal real estate roundup: a Gilbert development announces several new tenants and dirt moves on a huge San Tan Valley shopping center anchored by a WinCo Foods store.
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Skyline Ranch Marketplace breaks ground in San Tan Valley, bringing major retailers and restaurants to a 225,000-square-foot retail center by 2027.
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Two well-known names in Arizona's high-end property real estate scene are now under one umbrella.
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Scottsdale's Platinum Living Realty joins Engel & Volkers, gaining global network access. The merger enhances Arizona's luxury real estate landscape.
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The former hockey venue's transformation includes a reimagining of its luxury spaces, offering a range of premium options that cater to different preferences and group sizes.
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Desert Diamond Arena unveils $42 million renovation, transforming into a premier concert venue with upgraded luxury areas and improved concessions.
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Apple is investing billions to strengthen its supply chain and advanced manufacturing operations, including in Arizona.
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Apple invests billions in Amkor's Peoria facility as part of a $100B US manufacturing commitment, boosting semiconductor production and supply chain.
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Dutch Bros' ambitious expansion plans go beyond simply opening new locations and bulking up at its new Tempe headquarters, as it rolls out menu additions to entice customers.
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Dutch Bros reports strong Q2 earnings, raises 2025 revenue forecast, and expands food offerings. The company plans 160 new locations this year.
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A new analysis of SEC data shows which major companies got the best bang for the buck when it comes to CEO compensation.
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CEO pay stays high post-pandemic; some firms see better returns. Amazon's Jassy leads in value, while Buffett plans retirement at Berkshire Hathaway.
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Overwhelmed by unwanted calls or texts when applying for a mortgage? Relief is on the way.
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New law would curb "trigger leads," reducing unwanted calls to mortgage applicants. Homebuyers would face fewer solicitations after credit checks.
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Specific sectors are driving a rebound in commercial real estate transactions.
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Commercial real estate deals are rising in 2025, with office sales gaining momentum. Despite challenges, investors find opportunities amid headwinds.
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A logistics firm is taking over a 1.3 million square-foot building in the largest Arizona industrial lease so far in 2025.
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CEVA Logistics subleases Home Depot's 1.3M sq ft Goodyear warehouse, marking the largest industrial lease in Phoenix this year.
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Dutch Bros' ambitious expansion plans go beyond simply opening new locations and bulking up at its new Tempe headquarters, as it rolls out menu additions to entice customers.
bizjournals.com
Dutch Bros reports strong Q2 earnings, raises 2025 revenue forecast, and expands food offerings. The company plans 160 new locations this year.
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Buck & Rider — with three Valley locations — ranks among the top 20 oyster houses in North America, according to Yelp.
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Buck & Rider, a Phoenix seafood spot known for fresh oysters and seafood flown in daily, ranks 16th on Yelp's Top 20 Oyster Houses.
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The former hockey venue's transformation includes a reimagining of its luxury spaces, offering a range of premium options that cater to different preferences and group sizes.
bizjournals.com
Desert Diamond Arena unveils $42 million renovation, transforming into a premier concert venue with upgraded luxury areas and improved concessions.
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