Alliance Bank of Arizona, the region’s go-to business banking resource, continues to finance Phoenix’s fast-growing East Valley, with more than $255 million in loans over the last 18 months, including financing 1.74 million square feet of ground-up commercial projects and over 434 acres of single-family residential projects.
Edmonton, Alberta-based Silent-Aire USA Inc. has expanded and opened its U.S. headquarters in Gilbert and plans to hire up to 250 employees over the next two years. Silent-Aire manufactures and designs custom air handling equipment, with a specialization in data center cooling. It also builds modular data centers.
The company first moved into a 55,000-square-foot office in Gilbert in 2013, which the company is keeping for a warehouse and future production. The new 146,000-square-foot manufacturing facility expands Silent-Aire’s production capabilities and officially becomes the U.S. headquarters, said Brett Manning, Silent-Aire’s vice president of U.S. operations.
Gilbert ranked as the 52nd fastest growing U.S. city, and Tempe ranked as 85th fastest growing out of 515 US cities assessed in a study by WalletHub.
WalletHub’s study, 2017’s Fastest-Growing Cities in America, observed the growth and decline of 515 cities of varying sizes throughout a seven-year period.
Tempe ranked 55th for socio-demographics — which were defined by population growth, working-age population growth and college-educated population growth.
Scottsdale ranked 106th fastest growing US city but 47th for sociodemographics.
Phoenix was the 19th fastest growth large city out of the 64 large cities assessed. Mesa ranked 23rd out of the 64.
The study was based on socio-demographic standards and statistics pertaining to jobs and the economy.
Gilbert is the most prosperous city in America.
That’s according to a new analysis from the Economic Innovation Group that highlighted the widening economic gap across the U.S.
The EIG’s Distressed Communities Index tracked data from over 26,000 ZIP codes and sorted cities, counties, and congressional districts into tiers based on their economic well-being: prosperous, comfortable, mid-tier, at risk, and distressed.
With attractive demographics, award-winning amenities, strategically identified business incentives and high-profile developments, Gilbert offers immediate, attainable economic opportunity for industry-leading companies.
Nearly two decades after they first broke ground at Agritopia – the agrarian masterplanned community in the heart of Gilbert – the family behind the ambitious project announced plans to build Epicenter, Agritopia’s commercial hub that will be the final major development built in the district.
The project will feature a 287-unit apartment community along with over 55,000 square feet of space for retail and restaurants on the first floor.
The new 10-year lease for the soon-to-be 180,000-square-foot facility in Gilbert will help the company retain nearly 1,400 jobs in the town, said Calvin Crowder, GoDaddy’s vice president of global real estate.
“There’s a wonderful sense of community in Gilbert,” Crowder said. “We’ve found a wealth of talented, customer-focused employees here and it’s worthwhile to invest in them and upgrade the facility.”
GoDaddy’s 24-hour customer service center in the town makes it GoDaddy’s largest operational center in Arizona, according to the company.
GET THE LATEST NEWS
- Arizona Market News
- Brad Cooke
- Casa Grande
- Cindy Cooke
- Colliers Cooke Team
- Colliers International
- Deer Valley
- East Valley
- Just Listed
- Knowledge Leader
- Las Vegas
- Market Report
- Metro Light Rail
- MF Pipeline
- Multifamily News
- New Developments
- North Phoenix
- Northern Arizona
- Pipeline Report
- Press Releases
- Queen Creek
- Real Estate Market
- SE Valley
- West Valley