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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.

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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.

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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.

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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.

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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.

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New golf course, million-dollar homes slated for Scottsdale’s Desert Mountain

Seven is the name of a new expensive residential enclave with homes priced between $1 million and $3 million and a new 18-hole golf course at Scottsdale’s Desert Mountain development.

Desert Mountain is already an affluent golf and residential development in far north Scottsdale.

Seven — which goes for a more contemporary name than traditional Arizona subdivisions adorned with cactus, ridge, canyon and mesquite — is a 90-acre addition to the Desert Mountain development.

It will have as many as 190 high-end homes and a par-54, 18-hole golf course. There are other courses at Desert Mountain.

Van Tuyl Cos. and Phoenix-based M3 Cos. are developing Seven, which gets its name from being the seventh private golf course at Desert Mountain.

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Creative spec space, new hotel slated for $400M development

Alter Group is the developer of the $400 million, 2 million-square-foot Riverwalk at Talking Stick project. The development includes Class A office space and is on Dobson Road off Loop 101 near Indian Bend Road on the Salt River Pima-Maricopa Indian Community.

Gatto said Alter has plans for a two-story, 160,000-square-foot speculative office building geared toward creative tenants. There hasn’t been much speculative office space in the Phoenix market since the last real estate crash. Gatto said spec space is starting to come back both in metro Phoenix and nationally.

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New green hotel coming to ASU SkySong in Scottsdale

Construction is starting on a 157-room sustainability-focused Element hotel at the ASU SkySong development in Scottsdale.  SkySong, the ASU Scottsdale Innovation Center, is located at Scottsdale and McDowell roads and is home to high-tech offices, Arizona State University programs and apartments. Jackson-Shaw is developing the hotel, which will total about 100,000 square feet.

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