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On this page you will find important news about the Phoenix business environment, from key company locates to the overall economy.
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Eric Jay Toll
Communications Manager 
Mobile:  602-617-3797



Sky Harbor area, southeast Valley to get nearly 3 million square feet of industrial development259Sky Harbor area, southeast Valley to get nearly 3 million square feet of industrial development<div class="ExternalClassAD8E577496074F90921E606D53FC35B3"><p><em>​Phoenix Business Journal (Corina Vanek)</em>: When developers started seeking out Chris McClurg and Ken McQueen to look at potential sites to reuse or build industrial developments, the two knew the tide was turning in the industrial market. </p><p>Since then, the two Lee & Associates brokers, have teamed with seven developers on eight projects to create speculative developments for industrial space, either by building new facilities or through adaptive reuse. In total, the developments represent nearly 3 million square feet of spec space within the Phoenix Sky Harbor International Airport and southeast Valley submarkets.  </p><p>"People want to be as centrally located as possible,” McClurg said of development in those areas. “These are close to major freeways and easily accessible.” </p><p> <br></p></div>7/3/2018 7:00:00 AM 20180703 ProLogis I-17 Logistics Center 2325 S 7th St.jpg
Arizona in top 10 for startups260Arizona in top 10 for startups<div class="ExternalClassFC11BC51B802415E9A15995C30E50689"><p><em>Phoenix Business Journal (Abdel Jiminez): </em>As a longtime hub for startups, Arizona ranks among the top states in the country for those businesses' success, according to a <a href="" target="_blank">recent study</a>.</p><p>WalletHub put Arizona at No. 9 when it comes to successful startups. The personal finance website, known for its multitude of rankings, chose the best and worst states to start a business using 25 indicators that measured the state's business environment, access to resources and the cost of doing business.</p><p>Texas made the top of the list, and Arizona was just behind California — the tech hub of the country.<br></p><p>​</p></div>7/3/2018 7:00:00 AM Companies-Grant Building-0030 (1).jpg
Officials: Marriott shows it values downtown Phoenix hotel with Sheraton Grand purchase256Officials: Marriott shows it values downtown Phoenix hotel with Sheraton Grand purchase<div class="ExternalClass3A6EDBDBDF3C48D7A7C5D2F50DF575D6"><p><em>Phoenix Business Journal (Brandon Brown): </em>It's unusual for Marriott International to buy a hotel. That's what makes Marriott’s purchase of the Phoenix Sheraton Grand for $255 million stand out.</p>Usually other companies buy hotels and then pay Marriott to use its branding on the property.<br>The news the Maryland-based global hotel chain, along with TLG Investment Partners and Concord Wilshire Capital LLC, purchased the Valley’s largest hotel from the city of Phoenix came out Thursday morning. Marriott is the majority capital partner in the deal.<br>Many in Phoenix’s hospitality and tourism industries said the move shows how much Marriott values the property and the Sheraton brand.<p><br></p></div>6/29/2018 7:00:00 AM
ASU, Mayo build on partnership with wellness courses257ASU, Mayo build on partnership with wellness courses<div class="ExternalClass162CF05D8FDA4D028E35E870347A9134"><p><em>​Phoenix Business Journal (Angela Gonzales): </em>Arizona State University and Mayo Clinic — which already are partnering on a medical school in Phoenix — have joined forces to develop wellness courses for the general public. </p><p>The two organizations will launch a Mind and Body course, the first of many wellness programs they will develop together.</p><p>"This is a perfect example of where we have taken some of Mayo's expertise on health and wellness and blended that with Arizona State's expertise in continuing education," said Scott Walston, senior director of partnership development for Mayo Clinic Global Business Solutions. "We have common goals and objectives and it makes it a really wonderful relationship."<br></p></div>6/29/2018 7:00:00 AM 20180629 ASU Mindfulness Teri Pipe Park de-Stress Event 2018.jpg
Creighton University forms alliance with Phoenix hospitals258Creighton University forms alliance with Phoenix hospitals<div class="ExternalClassC02AE087A3434D9D864F425C0BBE4EB0"><p>​Phoenix Business Journal (Angela Gonzales): Omaha, Nebraska-based Creighton University School of Medicine has formed an alliance with Dignity Health St. Joseph's Hospital and Medical Center and Maricopa Integrated Health System to train graduate medical education residents.</p>The Creighton University-Arizona Health Education Alliance will oversee GME programs for MIHS and St. Joseph's, as well as the program for District Medical Group, the physician group that works at MIHS.<p><br></p></div>6/29/2018 7:00:00 AM 20180629 Dr Randy Richardson Creighton University and Phx health care association.jpg



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