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Arizona Business

Cyclic Materials announced Thursday that it closed a $75 million financing round from accounts advised by T. Rowe Price Associates Inc., which first invested in Cyclic Materials in 2025.

AMY EDELEN/PHOENIX BUSINESS JOURNAL

Canadian rare earth recycler Cyclic Materials raises $75M to scale U.S. production

Amentum Holdings Inc. on Aug. 21 filed a Worker Adjustment and Retraining Notification with Arizona’s Department of Economic Security stating it will cut 29 jobs at Intel’s Chandler campus.

AMY EDELEN/PHOENIX BUSINESS JOURNAL

Contractor to lay off multiple workers at Chandler Intel facility

Gap Factory, Ann Taylor Factory, Sierra coming to Desert Ridge

The transaction for the two buildings set the highest two-building industrial sale price in Arizona history.

2 West Valley industrial buildings sold in record-breaking deal

Pinal County officials blocked the path forward for Vermaland’s La Osa Energy Center on Aug. 26 in a 4-1 vote.

HAILEY MENSIK/PHOENIX BUSINESS JOURNAL

Pinal County rejects massive Vermaland data center project

Questions about privacy and recent examples of misuse are pushing several metro Phoenix communities to reconsider their reliance on Flock cameras

SERENA O'SULLIVAN

Which Arizona cities, counties, law enforcement agencies have stopped using Flock cameras?

arizona attorney general investigating flock safety surveillance privacy

SERENA O'SULLIVAN

Arizona attorney general launches statewide review of Flock cameras amid wave of scrutiny

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The Latest

DAVID IVERSEN | Aug 27, 2026
Arizona voters give President Donald Trump record-low marks on economy and Iran

A Noble Predictive Insights poll finds just 39% of respondents approve of his job performance, his worst showing since the pollster began tracking him.
SERENA O'SULLIVAN | Aug 27, 2026
Arizona ranching leader says Trump’s beef import plan won’t lower prices, calls it ‘all wrong’

"The administration is trying to help our industry, but the short-term market manipulation fix I don't think's going to work," Brian DeGanahl said.
DAVID IVERSEN | Aug 24, 2026
Chemical manufacturer buys Tempe industrial facility for $6.1 million

The century-old Pennsylvania company bought the 25,807-square-foot facility as it relocates its Valley operations from Queen Creek.
HAILEY MENSIK/PHOENIX BUSINESS JOURNAL | Aug 24, 2026
Drone wars: Amazon, Walmart race to expand delivery across Phoenix metro

Amazon will now serve 16 ZIP codes across the Phoenix metro, which was announced shortly after Walmart announced similar plans to expand drone delivery service.
DAVID VEENSTRA | Aug 23, 2026
Construction begins on Avondale Tech Center, a 700,000-square-foot industrial campus

The three-building Class-A development sits along Interstate 10 in the West Valley's core manufacturing corridor in Avondale.
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ANGELA GONZALES/PHOENIX BUSINESS JOURNAL | Aug 23, 2026
University of Arizona to open nation’s 1st MD medical school on tribal land

The public university is collaborating with Gila River Indian Community and its Gila River Health Care to open a branch on the health system's campus in Sacaton, Arizona.
BRANDON BROWN/PHOENIX BUSINESS JOURNAL | Aug 22, 2026
First luxury hotel with spa in downtown Phoenix prepares to open

So far, Denū has inked deals for business groups from the legal, automotive, sports and banking and finance industries for stays and events in the fall.
SYDNIE SAVAGE AND PAUL THOMPSON/PHOENIX BUSINESS JOURNAL | Aug 21, 2026
Developer Bilbo exits Mattel park development in Arizona, presses on with $539M Kansas City plan

VAI Resort now is the developer, owner and operator of the under-construction Mattel Adventure Park in Glendale.
DAVID IVERSEN | Aug 20, 2026
Cox and Spectrum are merging. Here are the changes Phoenix customers will see

The Cox-Spectrum merger is complete. Here's what Phoenix and Tucson customers should know about new pricing, packaging and branding coming in September.
JEFF GIFFORD/PHOENIX BUSINESS JOURNAL | Aug 17, 2026
Raytheon lands $22.9B Tomahawk missile contract

The Tucson-based Raytheon missile-making facility just inked a seven-year contract with the U.S. Navy to dramatically to accelerate production of Tomahawk cruise missiles.
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DAVID IVERSEN | Aug 17, 2026
Mesa Gateway posts back-to-back records as Allegiant adds winter flights

Allegiant reversed months of nationwide schedule cuts. The airport topped 2 million passengers for the second straight fiscal year.
DAVID VEENSTRA | Aug 15, 2026
Phase 1 of massive industrial project planned near TSMC campus in North Phoenix

The initial buildout comes on the heels of TSMC’s announcement to increase its total Arizona investment to $265 billion.
KYLIE WERNER | Aug 15, 2026
Novus Innovation Corridor to expand with new hotel on ASU’s Tempe campus

The hotel will be seven stories and 116,855 square feet located off University Drive and Rural Road.
HELENA WEGNER/PHOENIX BUSINESS JOURNAL | Aug 15, 2026
Chandler economic development director started career chasing water in the desert

Chandler Economic Development Director Micah Miranda's career began when he was a kid with his fascination and appreciation for water.
HAILEY MENSIK AND HELENA WAGNER/PHOENIX BUSINESS JOURNAL | Aug 15, 2026
Vancouver firm snags Gilbert industrial building for $11M in all-cash deal

Ergas Group — based in Vancouver, British Columbia — bought the 48,382-square-foot manufacturing and distribution facility in northwest Gilbert from Cohen Asset Management, Inc.
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DAVID IVERSEN | Aug 13, 2026
Waymo expands Phoenix service area by 55 square miles into East Valley

The autonomous ride-hailing service now covers more than 350 square miles across the Valley, with Gilbert, more of Chandler and San Tan Ranch added.
KYLIE WERNER | Aug 11, 2026
Walmart announces $250K grant to boost workforce development opportunities in Arizona

The grant is being given to the Center for the Future of Arizona to expand the workforce opportunities offered in the Greater Phoenix area.
BRANDON BROWN/PHOENIX BUSINESS JOURNAL | Aug 10, 2026
Rival coffee chain questions Salad and Go’s deal with Dutch Bros

An Arkansas-based coffee chain is prepared to challenge Salad and Go's $105M bankruptcy sale of 65 drive-thru locations to Dutch Bros, arguing the deal should go to open auction.
HAILEY MENSIK/PHOENIX BUSINESS JOURNAL | Aug 10, 2026
Arizona state land sales nearly double to $817.8M, fueled by major auctions

That’s nearly double what it brought in in the previous fiscal year, which was close to $452 million.
HAILEY MENSIK/PHOENIX BUSINESS JOURNAL | Aug 9, 2026
Walmart buys 38 acres along growing West Valley distribution corridor

The site is located at the northeast corner of State Route 85 and Southern Avenue – a part of the city where several new industrial projects geared toward warehousing and distribution users are planned or underway.
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HAILEY MENSIK/PHOENIX BUSINESS JOURNAL | Aug 8, 2026
German semiconductor firm shutters Mesa plant, lays off workers

A company spokesperson confirmed the layoffs and said Infineon Technologies is winding down manufacturing and closing the facility by Sept. 30.
KYLIE WERNER | Aug 7, 2026
The 233 Suites hotel celebrates debut in downtown Mesa

The hotel is located near Center and Main streets and has 76 rooms for guests.
NICOLE GUTIERREZ/ABC15 ARIZONA | Aug 7, 2026
New Tempe restaurant Roman God of Fire aims to transport guests to Italy

The latest venture from the Pretty Decent Concepts hospitality group opens Aug. 7 on Rio Salado Parkway near Tempe Town Lake.
SERENA O'SULLIVAN | Aug 6, 2026
Angie’s wants to recruit Salad and Go workers who lost their jobs after bankruptcy killed the chain

Angie's, a local restaurant chain founded by the entrepreneurs behind Salad and Go, is looking to help affected workers after the sudden closures.
SERENA O'SULLIVAN | Aug 6, 2026
Garage, Johnny Rockets opening this weekend at Chandler Fashion Center

The Montreal-based streetwear store and nostalgic diner are both debuting Saturday at the East Valley shopping hub.