IKEA to open third Valley location in Phoenix; plus more real estate deals to know

Phoenix Business Journal 5/8 2:30A Brandon Brown

IKEA's new Phoenix location will offer a unique shopping experience, with thousands of items available for immediate purchase. Plus our weekly roundup of seven real estate deals includes a new build-to-rent community, industrial leases and more.

Two Valley hospitals ranked among best in nation

Phoenix Business Journal 5/7 10:16A Mignon A. Gould

St. Joseph's Hospital and Medical Center (No. 5) and Mayo Clinic Hospital (No. 14) — both in Phoenix — made the cut on Premier’s 100 Top Hospitals rankings for 2025. The annual program seeks to determine the nation’s top hospitals based on...

Rural Arizona community fights massive railway project

Phoenix Business Journal 5/7 4:04A Hailey Mensik

A Texas-based railway company's plans for a massive logistics hub near Phoenix is facing intense scrutiny from locals concerned about preserving their rural way of life.

Phoenix acquires industrial property near Rio Salado River for redevelopment

Phoenix Business Journal 5/5 9:56A Jorge Ramos

Phoenix's latest land acquisition near the Rio Salado River is another key piece of the city's broader revitalization efforts in that area.

Denver contractor PCL enters Phoenix market with commercial construction division

Phoenix Business Journal 5/5 2:30A Jorge Ramos

PCL Construction, a major North American contractor, is expanding its footprint in the Phoenix area with a new commercial division.

Israeli health tech startups explore Phoenix expansion opportunities

Phoenix Business Journal 5/5 2:00A Hailey Mensik

Phoenix is rolling out the red carpet for a group of innovative Israeli startups, offering them a glimpse into the Valley's burgeoning health care landscape.

How Cordia is collaborating with regulators to conserve one of Phoenix’s most vital resources:...

Phoenix Business Journal 5/2 7:36A Jacob Graff

In a region where every drop of water counts, Cordia is making waves with a groundbreaking initiative that blends innovation, regulatory collaboration, and environmental stewardship to conserve one of Phoenix’s most precious resources: water....

How Cordia is powering downtown Phoenix’s Biomed Core and future growth with carbon-free cooling

Phoenix Business Journal 5/2 7:34A Jacob Graff

As downtown Phoenix continues its rapid growth as a center for health care, education, and innovation, Cordia is expanding its energy infrastructure to meet the rising demand for reliable, sustainable cooling. The company’s latest project — Plant 4...

Table of Experts: Cybersecurity

Phoenix Business Journal 5/1 9:00P Osborn Maledon

Recently, the Phoenix Business Journal organized an engaging panel discussion on cybersecurity. The discussion featured leading industry experts: William Furnish and Danielle Janitch, who co-chair Osborn Maledon’s Data Security and Privacy...

Paradise Valley property to be razed for $30M compound with 20-car garage

Phoenix Business Journal 5/1 11:21A Angela Gonzales

A Paradise Valley residence designed and built by renowned Phoenix architect George Christensen in 1976 will be razed to pave the way for a 15,000-square-foot mansion at a time when wealthy buyers demand modern, contemporary estates.

Phoenix College retail management certificate advances food industry career opportunities

Phoenix Business Journal 5/1 9:27A Maricopa Community Colleges

The share of U.S. households buying groceries online has more than doubled since the onset of Covid-19. That’s according to a recent report in Digital 360 Commerce that notes that March 2025 marked the eighth straight month in which online...

Phoenix housing market softens as spring selling season fails to ignite

Phoenix Business Journal 4/29 10:40A Angela Gonzales

Real estate experts weigh in on why Phoenix's housing market is experiencing an unexpected slowdown during what's typically a busy season: "Confidence is the oxygen of the housing market and right now, it's in short supply."

Copper mine land swap advances near Phoenix despite intense legal battle

Phoenix Business Journal 4/29 2:45A Hailey Mensik

Resolution Copper's planned mine east of Phoenix, which a native tribe is trying to halt, may make its way to the Supreme Court as the legal fight continues.

Behind the deal: How this Valley firm helped Lucid acquire Nikola's Arizona factory

Phoenix Business Journal 4/28 3:00A Paul Thompson

Lucid Group has agreed to pay $30 million for Nikola's Arizona factory, along with the company's headquarters lease in Phoenix. Executives with Scottsdale-based Land Advisors Organization spoke to the Business Journal about how the intricate deal...

Paradise Valley spec home fetches $9.4M as developer expands luxury footprint

Phoenix Business Journal 4/27 4:00A Angela Gonzales

A new luxury developer in Phoenix is making waves with its first multimillion-dollar spec home, selling in less than a month despite market turbulence. Check out a gallery of photos inside and outside the property.