Job Creation Archives

McCarthy Selected as General Contractor for OdySea Aquarium

OdySea, WEB

McCarthy Building Companies was recently selected as general contractor for the OdySea Aquarium, a new Scottsdale-based attraction slated to break ground summer of 2014 and open in the fall of 2015 at Via De Ventura and the 101 in Scottsdale at the Salt River Pima-MaricopaIndian Community, adjacent to Butterfly Wonderland and the Odysea Mirror Maze.… Read More →

Arizona Commercial Real Estate Experts predict slow recovery leading to better 2015

Marina Heights rendering courtesy of DAVIS.

In the ’90s, the joke was that the state bird was a construction crane, says AAED’s Executive Director Joyce Grossman. She motions out the window of her downtown Phoenix office and says, “You look around here, and you see cranes in the air. That means jobs.” Arizona isn’t seeing the growth it did in the… Read More →

Economic development groups are bullish on Arizona

Money Tree, WEB

They are our sales representatives, those intrepid souls knocking on doors in California, China, Germany and New York. They are the smiling faces standing behind CEOs, mayors and the governor when a new business arrival is announced. They are the economic development organizations of Arizona. It’s an alphabet soup of agencies, but they are working… Read More →

Construction Materials Prices Flat in March; Spikes in Key Items Leave Contractors Vulnerable as Pricing Remains Flat


  Prices for construction materials were flat in March, as plunging diesel fuel and metals prices offset increases in items used in new housing and nonresidential building renovations, according to an analysis of new federal figures released today by the Associated General Contractors of America. Association officials noted that contractors have kept the prices they… Read More →

Greater Scottsdale Airpark 2030 Report: On the Mend


  Jim Keeley, SIOR, CCIM, founding partner of Colliers International’s Scottsdale office, released his annual Greater Scottsdale Airpark 2030 Report, which provides a current and historical perspective on economic activity, growth, and trends for the Scottsdale Airpark submarket. Keeley has tracked and reported on the Airpark since 1981, and he has published the 2010 Report… Read More →

Phoenix Office Market Strives to Regain Traction After Strong Year-End Showing


  The Phoenix office market has been making steady gains during the past two quarters and was the last commercial real estate sector to rise from the Great Recession, according to research by Lee & Associate’s Matt DePinto. Continuation at that pace into 2013 was expected by many experts. Although the Phoenix office sector is… Read More →

Velocity Q1 2013 Retail Figures: Market Showing Marked Improvement

Velocity Retail Group – 2013 1st Quarter Retail Market Update from Velocity Retail Group on Vimeo. Velocity Retail Group’s Research Solutions Team finalized its recap for the retail market through 1Q 2013, and the news is good. We are excited to report that the market is clearly showing improvement. The good news is that for… Read More →

NAI Horizon Q1 2013 Economic Outlook: Next 3 Months Hold the Key


  As we move into 2013, the second quarter will give great insight about how the rest of the year will unfold. With Q1 starting off slower than anticipated in terms of completed deals, the next three months will tell the story of the year as the market takes shape in Phoenix. While the market… Read More →

PHX Sky Train Makes Its Long-Awatied Debut


  Phoenix Sky Harbor International Airport celebrated a major milestone with the opening of the PHX Sky Train April 8. The Phoenix City Council and Phoenix Mayor Greg Stanton took the first official ride after a ribbon-cutting event earlier in the morning. Passengers using the PHX Sky Train will find a seamless connection between Terminal… Read More →

Construction Employment Increases in Metro Areas, but Spending Cuts Pose Risks


  Construction employment increased in 158 out of 339 metropolitan areas between February 2012 and February 2013, declined in 132 and was stagnant in 49, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that the industry’s long-awaited recovery could prove fleeting if… Read More →

Construction Jobs Rise For 10th Month In A Row To 3-year High


  Construction industry employment climbed for the 10th consecutive month in March, as the sector added 18,000 jobs and surpassed 5.8M employees for the first time since September 2009, according to an analysis of new government data by the Associated General Contractors of America. Association officials cautioned that the industry may soon experience both layoffs… Read More →

Dick’s Sporting Goods To Open At Prescott Valley Crossroads


  Dick’s Sporting Goods has signed a lease for a location at Prescott Valley Crossroads, the first location for the company in Northern Arizona. It is a Kitchell Development project. Located at State Highway 69 and Sundog Ranch Rd., the new location is 85 miles north of Phoenix in a growing area that caters year-round… Read More →

Twin Arrows Navajo Casino Resort To Open Memorial Weekend


  The newest casino in the state — and the first in Arizona for the Navajo Nation — is set to open Memorial Weekend. The Navajo Nation Gaming Enterprise announced that the grand opening of its Twin Arrows Navajo Casino Resort, located along I-40, exit 219, just east of Flagstaff, is set for  May 24.… Read More →

New Cubs' Spring Training Facility Taking Shape In Mesa


  With spring training in the rearview mirror and the 2013 Major League Baseball season in full swing, work continues at a fever pitch at the Chicago Cubs Riverview Park facility in Mesa. The new facility, scheduled to be ready for the 2014 Cactus League season, is a collaborative effort by the City of Mesa… Read More →

Venue Projects Teams With Small-business Owners to Redevelop Abandoned, Iconic Restaurant


  For 45 years, Beef Eaters Restaurant in Phoenix was the place where local power brokers cut deals, families enjoyed Sunday brunch and neighborhood folks went for a good steak and a stiff drink. The iconic restaurant shut its doors for good in 2006 when founder Jay Newton died. Now, the site – with its… Read More →

Involta to Open New Data Center in Tucson


  Involta is holding a grand opening next week to celebrate its newest data center, this one at 1215 E. Pennsylvania St. in Tucson. Involta’s facility in Tucson will be a concurrently maintainable, multi-tenant data center. This 38,000+ SF facility will provide businesses and organizations with secure data storage in a cutting-edge, high-tech environment. “The… Read More →

Union Bank Selects Tempe For Mortgage Operations Center

Papago Spectrum in Tempe.

  Union Bank, a commercial bank headquartered in San Francisco, is expanding into Arizona with a new mortgage operations center in Tempe. It has secured 42,000 SF of  office space at Papago Spectrum, 1225 W. Washington St. Union Bank worked jointly with the Arizona Commerce Authority and GPEC to determine an ideal location within Metro… Read More →

Arcadia Condos to Become New Assisted Living Community


  The familiar 4-story concrete structure at the NEC of 32nd St. and Glenrosa Ave. in Phoenix, originally intended for luxury condos, is soon to become a $25M assisted living and memory care community. An Information Center will open on the site in mid-April 2013, with doors opening to residents in October 2013 under the… Read More →

Construction Employment Increases in 34 States as Contractors Find Work in More Parts of the Country


    Construction employment expanded in two-thirds of all states in January as the industry showed signs of emerging from a 6-year slump, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials cautioned, however, that the industry’s recovery remains fragile and that current and looming federal budget… Read More →

Construction Begins at Luxury Chandler Apartment Community


    Gilbane Development Company and The P.B. Bell Companies have broken ground and construction has begun at Almeria at Ocotillo, a luxury apartment community in Chandler. Located on the NEC and SEC of Dobson Rd. and Market Place, Almeria at Ocotillo will feature 389 units in 2- and 3-story building configurations. The community is… Read More →

Park Place Equity provides Financing For Topock66 Spa and Resort


  Located on the Colorado River just off of Historic Route 66 and adjacent to Laughlin and Lake Havasu City, two of Nevada and Arizona’s most popular tourist destinations, the former Topock Marina is being re-positioned as a premier resort. Park Place Equity of Scottsdale provided $3.8M in construction funds to develop Topock66 and complete… Read More →

Construction Employment Level Hits 3-Year High as Firms Add 48,000 Jobs


  The construction industry added 48,000 jobs in February, the ninth consecutive month of job growth for the sector, as more people are working in construction than at any point in the past 3 1/2 years, according to an analysis of new government data by the Associated General Contractors of America. Association officials cautioned, however,… Read More →

Arizona Among Top 10 States in U.S. For Clean Energy, Clean Transportation Jobs in 2012

Clean Energy

Companies and communities across the country announced more than 300 clean energy and clean transportation projects in 2012 that are expected to create 110,000 jobs, according a report released by Environmental Entrepreneurs. In 2012, clean energy projects created jobs in every corner of the country and across both Republican and Democratic communities. California, North Carolina… Read More →

General Motors Selects Chandler as Site of its 4th IT Innovation Center


    General Motors together with Gov. Jan Brewer, Chandler Mayor Jay Tibshraeny, the Arizona Commerce Authority (ACA) and the Greater Phoenix Economic Council (GPEC), announced today GM has selected Chandler as the site of its fourth Information Technology Innovation Center. These IT Innovation Centers enable GM to in-source the company’s innovation capabilities, strengthening its… Read More →