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Arizona set to add 500,000 jobs during next eight years

Arizona is poised to add 1 million new residents between now and 2026 as well as more than 500,000 jobs to continue growing the state’s economy.

The statistics, from the Arizona Office of Economic Opportunity, paint a picture of a state once waylaid by the Great Recession as it continues to find its economic footing, according to a report by the Arizona Republic.

Those numbers would see the biggest growth in Phoenix and Maricopa County, already the state’s most populous region. The population is expected to grow from about 4.9 million to 5.5 million in the metro area during the next eight years.

The state’s population likely would rise to 8.1 million by 2026.

An exclusive look at Ocean 44, Steak 44 restaurant plans in Phoenix

Steak 44 in Phoenix undergoes renovations to expand its dining room and the December launch of Ocean 44 in Scottsdale fast approaches, to say the Mastros are repeating their previous success. Inside Scottsdale Fashion Square, the team is busy holding a job fair this week to hire 240 people at all levels to staff Ocean 44.

Co-working company to take over retail anchor spot at Scottsdale Fashion Square

Manhattan-based co-working firm Industrious will occupy the 32,000-plus square feet in the former Barney’s space in the east end of the mall near Scottsdale and Camelback roads. Industrious’ premium co-working and private office suites are expected to open in January.

Arizona’s largest employers see further potential for growth in the Valley

In the Phoenix Business Journal’s Largest Employers list, published Friday, the top 50 on the list currently account for 391,238 full-time jobs.

On a companywide basis, those firms and organizations provide 5.7 million full-time jobs.

The 10 largest employers on this year’s list included three health care specialists, two universities, two governmental organizations, one bank, one defense contractor and one retailer. Together they employ 202,964 full-time employees. For the first time in more than a decade, the state of Arizona was not the largest employer in the state. The state added 1,345 jobs to its 2017 total, while Banner Health added 9,110 jobs and went from second to first in the rankings.

Construction on $43 million SkySong 5 building to begin July 9

Construction on SkySong’s newest and tallest building is scheduled to begin July 9. SkySong 5, at the ASU Scottsdale Innovation Center, will have outdoor work and meeting spaces as well as public art. The building also will have a second-floor outdoor patio and event space. The cost to develop the building and the parking structure is expected to be more than $43 million.

The building will be six stories and consist of 151,318 square feet, bringing the total square footage of SkySong buildings to 868,457. The first and second buildings in the complex opened in 2008, the third opened in 2015, and the fourth in 2016. Like the other buildings in the complex, SkySong 5 will be constructed to meet U.S. Green Building Council’s LEED standards, said Tom Evans, a SkySong spokesman, in a press release.

More than 2,000 employees work at more than 60 companies in SkySong. The fifth building is expected to be complete in summer 2019.

Arizona tech industry tops 8,000 companies, 168K jobs

Arizona has more than 8,000 technology companies operating in the state, with a growing tech workforce of more than 168,200 jobs, a new Arizona Technology Council report found. The tech community has seen a 1.38 percent employment growth, which ranks the state second in the Southwest and ahead of California, according to the report.

Banner Health has $1.7B this year in construction projects

Banner Health — which has the distinction of being the state’s largest health system, nonprofit and private employer — has $1.7 billion worth of construction projects on its drawing board this year.

The majority of those projects — $1.4 billion — are in Arizona for the company that operates in six states. Of the 386 active projects across its markets, 285 are in Arizona, said Kip Edwards, vice president of facilities services for Banner Health.

The Phoenix-based nonprofit has kept that building pace for the past several years, with 367 active projects totaling $1.7 billion last year. In 2016, it had 322 active construction projects totaling $1.9 billion. It also had 337 active projects totaling $1.5 billion in 2015.

That’s not to say that Banner has invested $5.1 billion over the past several years because many of those projects are ongoing, multi-year projects. That also means not all of the $1.7 billion will be spent in this calendar year.

Much of Arizona’s $1.4 billion in construction projects are part of ongoing, multi-year projects at its two big medical centers in Phoenix and Tucson, which started construction in 2015 and 2016.

Phoenix Area’s Most Exclusive Apartments & Rents

List ranked by monthly rental information supplied by Yardi Matrix (www.yardimatrix.com) for a 1-bedroom apartment, with the 25 highest rents making up the list.

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Scottsdale moves forward with $60M stadium upgrade for San Francisco Giants’ spring home

The city of Scottsdale is looking at a potential $60 million upgrade to Scottsdale Stadium.

The spring training home of the San Francisco Giants in the heart of Old Town — close to local bars and restaurants — is a Cactus League favorite for tourists and businesses entertaining employees, prospects and clients.

Scottsdale is putting out a request for proposals for a $5 million design/build contract.

Report predicts 4,000 companies in Scottsdale Airpark submarket by 2030

Colliers International in Greater Phoenix has released its Greater Scottsdale Airpark 2030 Report. The document highlights the most meaningful transactions in the area for 2017 and predictions for the submarket extending to 2030.

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Arizona set to add 500,000 jobs during next eight years

An exclusive look at Ocean 44, Steak 44 restaurant plans in Phoenix

Co-working company to take over retail anchor spot at Scottsdale Fashion Square

Arizona’s largest employers see further potential for growth in the Valley

Construction on $43 million SkySong 5 building to begin July 9

Arizona tech industry tops 8,000 companies, 168K jobs

Banner Health has $1.7B this year in construction projects

Phoenix Area’s Most Exclusive Apartments & Rents

Scottsdale moves forward with $60M stadium upgrade for San Francisco Giants’ spring home

Report predicts 4,000 companies in Scottsdale Airpark submarket by 2030

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