Due to Seattle’s unrest, billion-dollar investment firm moving to Phoenix

(Getty Images/Karen Ducey)

Frank Cleveland, a facilities operations manager at Life Time health club, works on keeping the bar area clean Thursday, July 2, 2020, in Phoenix, even after the bar portion of the facility was shut down due to a suspension of the club's liquor license. The pool and workout areas remain open even as Arizona Gov. Doug Ducey has issued an executive order for all gyms to close due to the surge in coronavirus cases in Arizona. For the third straight day, several health clubs in metro Phoenix were defying Ducey's 30-day shutdown order to close gyms, bars, water park and tubing businesses, raising questions about whether officials who have been criticized for responding indecisively to the pandemic will be effective in shutting down the clubs. (AP Photo/Ross D. Franklin)

Mountainside Fitness posts their safety guidelines as the facility remains open even as Arizona Gov. Doug Ducey has issued an executive order for all gyms to close due to the surge in coronavirus cases in Arizona Thursday, July 2, 2020, in Phoenix. For the third straight day, several health clubs in metro Phoenix were defying Ducey's 30-day shutdown order to close gyms, bars, water park and tubing businesses, raising questions about whether officials who have been criticized for responding indecisively to the pandemic will be effective in shutting down the clubs. (AP Photo/Ross D. Franklin)

Vice President Mike Pence waves as he arrives in Phoenix to meet with Arizona Republican Gov. Doug Ducey to discuss the surge in coronavirus cases Wednesday, July 1, 2020. (AP Photo/Ross D. Franklin)

A water park sits idle despite temperatures over 100 degrees Tuesday, June 30, 2020, in Chandler, Ariz. Arizona Gov. Doug Ducey has shut down bars, movie theaters, gyms and water parks amid a dramatic resurgence of coronavirus cases. (AP Photo/Matt York)

The closed El Hefe restaurant and bar is one of the many establishments closed for the next 30 days due to the surge in coronavirus cases, Tuesday, June 30, 2020, in Scottsdale, Ariz. (AP Photo/Ross D. Franklin)

Social distancing signs are posted at one of the bars closed for the next 30 days due to the surge in coronavirus cases Tuesday, June 30, 2020, in Scottsdale, Ariz. (AP Photo/Ross D. Franklin)

A pedestrian with a takeout lunch in hand walks through an area of Scottsdale, Ariz., known for busy restaurants, bars and nightlife Tuesday, June 30, 2020, with most businesses closed for the next 30 days due to the surge in coronavirus cases in Arizona. (AP Photo/Ross D. Franklin)

Caroline Maloney stands outside HonorHealth's Scottsdale Osborn Medical Center at the end of her overnight shift early Friday, June 26, 2020 in Scottsdale, Ariz. Arizona nurses and doctors find themselves on the frontline as the coronavirus rips through the state, making it one of the world's hot spots. (AP Photo/Matt York)

Volunteers prepare donations for delivery to those affected by COVID-19 on tribal lands Thursday, June 25, 2020, in Tempe, Ariz. The resource drive is for families isolated due to COVID-19 on Navajo, Hualapai, Havasupai and White Mountain Apache tribal lands. (AP Photo/Matt York)

Volunteers prepare donations for delivery to those affected by COVID-19 on tribal lands Thursday, June 25, 2020, in Tempe, Ariz. The resource drive is for families isolated due to COVID-19 on Navajo, Hualapai, Havasupai and White Mountain Apache tribal lands. (AP Photo/Matt York)

In this Thursday, June 25, 2020 photo provided by C.M. Clay, a sign alerts motorists that visitors are not allowed on the Fort Apache Indian Reservation in eastern Arizona. The reservation, home to the White Mountain Apache Tribe, will be under lockdown this weekend to help slow the spread of the coronavirus. (C.M. Clay/White Mountain Apache Tribe via AP)

Arizona Republican Gov. Doug Ducey uses hand sanitizer as he wears a face covering prior to speaking about the latest coronavirus data at a news conference Thursday, June 25, 2020, in Phoenix. (AP Photo/Ross D. Franklin, Pool)

A CVS COVID-19 testing area set up at St. Vincent de Paul medical clinic, Monday, June 15, 2020, in Phoenix. The state Department of Health Services posted on its website Monday another 1,104 cases of COVID-19 and eight additional deaths, bringing the statewide total number of coronavirus cases to 36,705 and related deaths to 1,194. (AP Photo/Ross D. Franklin)

Berto Cortez, a CVS pharmacy technician, shows how COVID-19 tests are processed in a testing area set up by CVS at St. Vincent de Paul medical clinic, Monday, June 15, 2020, in Phoenix. The Arizona Department of Health Services posted on its website Monday another 1,104 cases of COVID-19 and eight additional deaths, bringing the statewide total number of coronavirus cases to 36,705 and related deaths to 1,194. (AP Photo/Ross D. Franklin)

A customer stops at a drive-thru self-swab coronavirus test site at a CVS Pharmacy location Sunday, June 14, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Jason Nichols, left, facilities operation manager at Life Time, and Jennifer McKeon, right, facilities operations national manager at Life Time, disinfect hand weights at the Life Time Biltmore as it opens for business after being closed due to the coronavirus Monday, May 18, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Jason Nichols, left, facilities operation manager at Life Time, and Jennifer McKeon, right, facilities operations national manager at Life Time, disinfect exercise mats at the Life Time Biltmore as it opens for business after being closed due to the coronavirus Monday, May 18, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Jason Nichols, facilities operation manager at Life Time, disinfects hand weights at the Life Time Biltmore as it opens for business after being closed due to the coronavirus Monday, May 18, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

After being closed for several weeks due to the coronavirus outbreak, Chandler Fashion Center Mall welcomes back patrons with many social distancing guideline signs Sunday, May 17, 2020, in Chandler, Ariz. While the mall was open, many of the chain stores remained closed. (AP Photo/Ross D. Franklin)

After being closed for several weeks due to the coronavirus outbreak, Chandler Fashion Center Mall welcomes back patrons Sunday, May 17, 2020, in Chandler, Ariz. While the mall was open, many of the chain stores remained closed. (AP Photo/Ross D. Franklin)

After being closed for several weeks due to the coronavirus outbreak, Chandler Fashion Center Mall welcomes back patrons Sunday, May 17, 2020, in Chandler, Ariz. While the mall was open, many of the chain stores remained closed. (AP Photo/Ross D. Franklin)

Jaleigh Leppert, a graduating senior from Buckeye Union High School, holds a signs as she leans out of a vehicle window during the Parade of Graduates drive-thru graduation ceremony on the race track at Phoenix Raceway Saturday, May 16, 2020, in Avondale, Ariz. The coronavirus has caused most schools to either cancel traditional graduations or find alternative celebrations. (AP Photo/Ross D. Franklin)

Ben Rodriguez, the principal at Buckeye Union High School, waves to graduates during tjeh Parade of Graduates a drive-thru graduation ceremony on the race track at Phoenix Raceway Saturday, May 16, 2020, in Avondale, Ariz. The coronavirus has caused most schools to either cancel traditional graduations or find alternative celebrations. (AP Photo/Ross D. Franklin)

Graduating seniors from Buckeye Union High School participate in a drive-thru graduation ceremony Parade of Graduates on the race track at Phoenix Raceway Saturday, May 16, 2020, in Avondale, Ariz. The coronavirus has caused most schools to either cancel traditional graduations or find alternative celebrations. (AP Photo/Ross D. Franklin)

Graduating seniors from Buckeye Union High School, participate in a during a drive-thru graduation ceremony Parade of Graduates on the race track at Phoenix Raceway, Saturday, May 16, 2020, in Avondale, Ariz. The coronavirus has caused most schools to either cancel traditional graduations or find alternative celebrations. (AP Photo/Ross D. Franklin)

A social distancing sign is seen at the Grand Canyon Friday, May 15, 2020, in Grand Canyon, Ariz. Tourists are once again roaming portions of  Grand Canyon National Park when it partially reopened Friday morning, despite objections that the action could exacerbate the coronavirus pandemic. (AP Photo/Matt York)

Guests arrive at the Grand Canyon Friday, May 15, 2020, in Grand Canyon, Ariz. Tourists are once again roaming portions of  Grand Canyon National Park when it partially reopened Friday morning, despite objections that the action could exacerbate the coronavirus pandemic. (AP Photo/Matt York)

(AP Photo/Matt York)

All staffers at Flower Child restaurant, part of Fox Restaurant Concepts' Phoenix-based eateries, wear masks and gloves as the restaurant complies with guidelines as it is able to open up for dine-in service as Arizona slowly relaxes restrictions due to the coronavirus Monday, May 11, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

With social distancing guidelines in place, Flower Child restaurant, part of the Fox Restaurant Concepts' Phoenix-based eateries, opens for dine-in service, expanding from their takeout option, as Arizona slowly relaxes restrictions due to the coronavirus Monday, May 11, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Laura Spencer, a recruiter at the corporate offices of the Fox Restaurant Concepts' Phoenix-based eateries, cleans off surfaces as she helps out at Flower Child restaurant as the restaurant is just one of the gradually opening full service dine-in establishments, expanding from their takeout option, to reopen as Arizona slowly relaxes restrictions due to the coronavirus, Monday, May 11, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Chompie's in northeast Phoenix reopens to modified sitdown service May 11, 2020. Coronavirus safety measures had limited restaurants to takeout and delivery for weeks. (KTAR News Photo/Jim Cross)
Chompie's in northeast Phoenix reopens to modified sitdown service May 11, 2020. Coronavirus safety measures had limited restaurants to takeout and delivery for weeks. (KTAR News Photo/Jim Cross)
Chompie's in northeast Phoenix reopens to modified sitdown service May 11, 2020. Coronavirus safety measures had limited restaurants to takeout and delivery for weeks. (KTAR News Photo/Jim Cross)
Chompie's in northeast Phoenix reopens to modified sitdown service May 11, 2020. Coronavirus safety measures had limited restaurants to takeout and delivery for weeks. (KTAR News Photo/Jim Cross)

Team Rubicon volunteer, EMT Hannah Tellier from Boston, left, and a member of the Kayenta Health Center staff prepare to practice with a new shield that just arrived to help protect medical workers when they intubate patients, in Kayenta, Ariz., on the Navajo Reservation on April 23, 2020. Assisting the medial staff on the table, posing as a patient, is Team Rubicon safety officer and EMT Vick Dempsey. (AP Photo/Carolyn Kaster)

Eugene Dinehdeal holds photos of family members, including Eva Dinehdeal at top, at the Dinehdeal family compound in Tuba City, Ariz., on the Navajo reservation on April 20, 2020. Eva Dinehdeal died of COVID-19 on April, 11, 2020. (AP Photo/Carolyn Kaster)

A sign on a door warns people to wear face coverings at the Kayenta Health Center on the Navajo reservation in Kayenta, Ariz., on April 18, 2020. The reservation has some of the highest rates of coronavirus in the country. Team Rubicon is helping with medical operations as cases of COVID-19 surge. (AP Photo/Carolyn Kaster)

Warning signs keep Cesar Chavez Park picnic areas closed during the coronavirus pandemic Sunday, May 10, 2020, in Laveen, Ariz. (AP Photo/Ross D. Franklin)

Cesar Chavez Park, usually teeming with families on Mother's Day, is nearly empty due to the coronavirus pandemic, Sunday, May 10, 2020, in Laveen, Ariz. (AP Photo/Ross D. Franklin)

Guests drive their vehicles through the Phoenix Zoo Saturday, May 9, 2020, in Phoenix. The zoo has lost over $4 million since closing in March due to the COVID-19, coronavirus outbreak. In an effort to generate revenue to feed and care for the animals, the zoo began allowing people to drive through the park to view the animals from their own vehicles. The "Zoo Cruise" is scheduled to run through May. (AP Photo/Matt York)

Guests drive their vehicles through the Phoenix Zoo Saturday, May 9, 2020, in Phoenix. The zoo has lost over $4 million since closing in March due to the COVID-19, coronavirus outbreak. In an effort to generate revenue to feed and care for the animals, the zoo began allowing people to drive through the park to view the animals from their own vehicles. The "Cruise the Zoo" is scheduled to run through May. (AP Photo/Matt York)

Guests drive their vehicles through the Phoenix Zoo Saturday, May 9, 2020, in Phoenix. The zoo has lost over $4 million since closing in March due to the COVID-19, coronavirus outbreak. In an effort to generate revenue to feed and care for the animals, the zoo began allowing people to drive through the park to view the animals from their own vehicles. The "Zoo Cruise" is scheduled to run through May. (AP Photo/Matt York)

Democratic state Sen. Lela Alston urges members to support a move to adjourn the legislative session during comments before a 24-6 vote that put the Senate into recess pending approval by the House at the state Capitol in Phoenix, Friday, May 8, 2020. The Senate is trying to force the House to agree to adjourn or limit action to a handful of coronavirus relief bills. (AP Photo/Bob Christie)

Republican state Sen. David Farnsworth urges members to reject a move to adjourn the legislative session as GOP Sen. Vince Leach looks on at the state Capitol in Phoenix, Friday, May 8, 2020. The Senate by a 24-6 vote approved a move to adjourn pending approval by the House. (AP Photo/Bob Christie)

Democratic state Sen. Jamescita Peshlakai wears a mask as she tells member how the coronavirus has devastated the Navajo Nation while urging members to approve a move to end the legislative session at the state Capitol in Phoenix, Friday, May 8, 2020. The Senate by a 24-6 vote approved a move to adjourn pending approval by the House. (AP Photo/Bob Christie)

Republican state Sen. David Livingston urges members to reject a move to adjourn the legislative session during comments before a 24-6 vote that put the Senate into recess pending approval by the at the state Capitol in Phoenix, Friday, May 8, 2020. The Senate is trying to force the House to agree to adjourn or limit action to a handful of coronavirus relief bills. (AP Photo/Bob Christie)

Josh Rosenbaum gets his hair cut by Yuri Isakov at Uptown Barbershop Friday, May 8, 2020, in Phoenix. Hair salons and barbershops across Arizona began reopening Friday after being closed for more than a month by order of the governor due to the COVID-19 Coronavirus outbreak. Clients will not be returning to the same businesses as most will be implementing social distancing measures like making people wait in their car. (AP Photo/Matt York)

Jeff Guebara gets his hair cut by Roman Naumenko at Uptown Barbershop Friday, May 8, 2020, in Phoenix. Hair salons and barbershops across Arizona began reopening Friday after being closed for more than a month by order of the governor due to the COVID-19 Coronavirus outbreak. Clients will not be returning to the same businesses as most will be implementing social distancing measures like making people wait in their car. (AP Photo/Matt York)

President Donald Trump listens to Tony Stallings, vice president of integrated supply chain at Honeywell International Inc., right, during a tour of a Honeywell International plant that manufactures personal protective equipment, Tuesday, May 5, 2020, in Phoenix. At left is Honeywell CEO Darius Adamczyk and White House chief of staff Mark Meadows. (AP Photo/Evan Vucci)

Linda White stands in her driveway in her cap, gown and a face mask as she celebrates graduating with a Bachelor of Science in elementary education and special education from Grand Canyon University during the coronavirus outbreak, Friday, May 1, 2020, in Simi Valley, Calif. White would have gone to a graduation ceremony in Arizona if not for the stay-at-home restrictions due to the coronavirus. (AP Photo/Mark J. Terrill)

Linda White poses with a sign made for her by while wearing her own as she celebrates graduating with a Bachelor of Science in elementary education and special education from Grand Canyon University during the coronavirus outbreak, Friday, May 1, 2020, in Simi Valley, Calif. White would have gone to a graduation ceremony in Arizona if not for the stay-at-home restrictions due to the coronavirus. (AP Photo/Mark J. Terrill)

Planes from Luke Air Force Base, including the 56th Fighter Wing and the 944th Fighter Wing, along with a jet from the Arizona Air National Guard 161st Air Refueling Wing honor Arizona's front line coronavirus workers with a flyover Friday, May 1, 2020, in Phoenix. The jets included seven F-35A Lightning IIs and seven F-16 Fighting Falcons flying out of Luke Air Force Base and one KC-135 from the 161st ARW, participated in the 50-minute flyover. (AP Photo/Ross D. Franklin)

Planes from Luke Air Force Base, including the 56th Fighter Wing and the 944th Fighter Wing, along with the Arizona Air National Guard 161st Air Refueling Wing fly over the Sandstone Buttes at Papago Park as they fly through the Phoenix metro area to honor Arizona's front line coronavirus workers with a flyover Friday, May 1, 2020. The jets included seven F-35A Lightning IIs and seven F-16 Fighting Falcons flying out of Luke Air Force Base and one KC-135 from the 161st ARW, participated in the 50-minute flyover. (AP Photo/Ross D. Franklin)

Customers smile and cheer as Debbie Thompson, owner of the Horseshoe Cafe, informs them that she is violating the State's stay at home order by allowing guest dining at her restaurant Friday, May 1, 2020, in Wickenburg, Ariz. A few small businesses reopened in defiance of Arizona Gov. Doug Ducey's decision to extend a statewide stay-at-home order for another two weeks in. The Gov. extended the stay at home order in an effort to combat the COVID-19 coronavirus outbreak. (AP Photo/Matt York)

A Wickenburg police officer informs Victor Bedoian, owner of Bedoian's Bakery & Bistro, that he is violating the State's stay at home order by allowing guest dining at his restaurant Friday, May 1, 2020, in Wickenburg, Ariz. A few small businesses reopened in defiance of Arizona Gov. Doug Ducey's decision to extend a statewide stay-at-home order for another two weeks in. The Gov. extended the stay at home order in an effort to combat the COVID-19 coronavirus outbreak. (AP Photo/Matt York)

JoAnn Zimpher hangs an open sign outside Trader J's Gift Shop Friday, May 1, 2020, in Wickenburg, Ariz. A few small businesses reopened in defiance of Arizona Gov. Doug Ducey's decision to extend a statewide stay-at-home order for another two weeks in. The Gov. extended the stay at home order in an effort to combat the COVID-19 coronavirus outbreak. (AP Photo/Matt York)

FILE - In this April 20, 2020 file photo, a new sign lets drive-thru customers know that the available menu at a local McDonalds is no longer complete due to the ongoing coronavirus restrictions in Phoenix. Most McDonald’s restaurants in the U.S. and China are now open for drive-thru and delivery, but global lockdown orders still took a bite out of the company’s first-quarter sales. McDonald’s said Thursday, April 30, its sales fell 6% to $4.71 billion in the January-March period. (AP Photo/Ross D. Franklin, File)

Gov. Doug Ducey speaks during a news conference about extending his statewide stay-at-home order, Wednesday, April 29, 2020, at the Arizona Commerce Authority Conference Center in Phoenix. (Sean Logan/The Arizona Republic via AP, Pool)

Health care professionals prepare to screen people for the coronavirus (COVID-19) at a testing site erected in a parking lot at Mayo Clinic on April 02, 2020 in Phoenix, Arizona. (Photo by Christian Petersen/Getty Images)

Former Arizona Diamondbacks MLB baseball players J.J. Putz, left, and Willie Bloomquist, right, donate blood during a Red Cross and Diamondbacks blood drive at Chase Field Tuesday, April 28, 2020, in Phoenix. According to the Red Cross, as of April 5, nearly 14,000 Red Cross blood drives have been canceled across the country due to coronavirus concerns, resulting in more than 400,000 fewer blood donations. (AP Photo/Ross D. Franklin)

Cars line up as they prepare for coronavirus testing at a site erected near the Arizona Veterans Memorial Arena at the Arizona State Fairgrounds on April 27, 2020 in Phoenix, Arizona. (Photo by Christian Petersen/Getty Images)

The Army Corps of Engineers along with other workers get the currently dormant St. Luke's Hospital ready for reopening for the possible surge of coronavirus patients Thursday, April 23, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Contract workers join the Army Corps of Engineers as they get the currently dormant St. Luke's Hospital ready for reopening for the possible surge of coronavirus patients Thursday, April 23, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

The Army Corps of Engineers along with other workers get the currently dormant St. Luke's Hospital ready for reopening for the possible surge of coronavirus patients Thursday, April 23, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

A runner passes a school closed sign Friday, April 24, 2020, in Phoenix. It took a decade for Arizona lawmakers to restore much of the school funding they cut in the wake of the Great Recession. Now, education leaders fear a looming recession created by the coronavirus could once again mean reductions in school funding. (AP Photo/Matt York)

Arizona Gov. Doug Ducey serves meals to school children Thursday, March 19, 2020, outside Sunset Elementary School in Phoenix. It took a decade for Arizona lawmakers to restore much of the school funding they cut in the wake of the Great Recession. Now, education leaders fear a looming recession created by the coronavirus could once again mean reductions in school funding. (AP Photo/Matt York, File)

People wear masks to prevent the spread of coronavirus as they walk through the farmers market Saturday, April 25, 2020, in Gilbert, Ariz. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Matt York)

Carry out lunches are served up by head chef Andre James at Chase's Diner Thursday, April 23, 2020, in Chandler, Ariz. Owner Skip Chase has maintained all his employees and raised their hourly pay to compensate for lost tips since his business has gone to carry-out only in compliance with Arizona's COVID-19, Coronavirus mandates. Chase's has lost over $20,000 since closing their in-house seating area in March and Chase has spent over $9,000 in personal money to supplement his staff's payroll in an effort to remain open. (AP Photo/Matt York)

A customer gets a carry out lunch from Chase's Diner Thursday, April 23, 2020, in Chandler, Ariz. Owner Skip Chase has maintained all his employees and raised their hourly pay to compensate for lost tips since his business has gone to carry-out only in compliance with Arizona's COVID-19, Coronavirus mandates. Chase's has lost over $20,000 since closing their in-house seating area in March and Chase has spent over $9,000 in personal money to supplement his staff's payroll in an effort to remain open. (AP Photo/Matt York)

Arizona Gov. Doug Ducey gives an update on the COVID-19 pandemic response during a press conference Wednesday, April 22, 2020 at the Arizona Commerce Authority in Phoenix. (Rob Schumacher/The Arizona Republic via AP, Pool)

Arizona Gov. Doug Ducey gives an update on the COVID-19 pandemic response during a press conference Wednesday, April 22, 2020 at the Arizona Commerce Authority in Phoenix. (Rob Schumacher/The Arizona Republic via AP, Pool)

Construction workers continue building at a large housing development as the building boom keeps going even through the coronavirus pandemic Tuesday, April 21, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

In this April 20, 2020, photo, protesters rally at the state Capitol to 're-open' Arizona against the governor's stay-at-home order due to the coronavirus in Phoenix. (AP Photo/Ross D. Franklin)

A new sign lets drive-thru customers know that the available menu at a local McDonalds is no longer complete due to the ongoing coronavirus restrictions Monday, April 20, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Protesters carrying weapons rally at the state Capitol to 're-open' Arizona against the governor's stay-at-home order due to the coronavirus Monday, April 20, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

A caregiver stands in front of the Arizona Capitol as protesters surround her at a rally to 're-open' Arizona against the governor's stay-at-home order due to the coronavirus Monday, April 20, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Protesters rally at the state Capitol to 're-open' Arizona against the governor's stay-at-home order due to the coronavirus Monday, April 20, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

A Department of Public Safety police officer stands in front of the Arizona House of Representatives building as protesters rally at the state Capitol to 're-open' Arizona against the governor's stay-at-home order due to the coronavirus Monday, April 20, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

A protester, right, attending rally at the Capitol to 're-open' Arizona against the governor's stay-at-home order due to the coronavirus argues with a caregiver, left, about the protest Monday, April 20, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Protesters rally at the Capitol to 're-open' Arizona against the governor's stay-at-home order due to the coronavirus Monday, April 20, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Arizona Department of Public Safety police officers watch protesters rally at the state Capitol to 're-open' Arizona against the governor's stay-at-home order due to the coronavirus Monday, April 20, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Protesters rally at the state Capitol to 're-open' Arizona against the governor's stay-at-home order due to the coronavirus Monday, April 20, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Protesters march at the Arizona State Capitol in Phoenix on April 20, 2020. (KTAR News Photo/Taylor Kinnerup)
Protesters march at the Arizona State Capitol in Phoenix on April 20, 2020. (KTAR News Photo/Taylor Kinnerup)
Protesters march at the Arizona State Capitol in Phoenix on April 20, 2020. (KTAR News Photo/Taylor Kinnerup)

Some businesses have gone to great lengths to inform shoppers about social distancing due to the coronavirus, Safeway has signs along the sidewalk even prior to entering the store, shown here Sunday, April 19, 2020, in Laveen, Ariz. (AP Photo/Ross D. Franklin)

Phoenix Children's Hospital joins buildings and structures around the state will be lit blue as a symbol of support for Arizona's frontline medical workers and emergency responders battling the coronavirus, including statements of support in English and Spanish in the windows at the hospital Wednesday, April 15, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

The blur of car lights zip past the Arizona Capitol as the dome is illuminated in blue, along with other buildings and structures around the state as a symbol of support for Arizona's frontline medical workers and emergency responders battling the coronavirus Wednesday, April 15, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

An empty parking lot leads to a recently closed business Wednesday, April 15, 2020, in Phoenix. Evidence of the devastating impact of the coronavirus on the U.S. economy has been steadily emerging, and the evidence is ominous. Sales at retail stores and restaurants plunged in March by the most on records dating back almost 30 years. (AP Photo/Matt York)

An empty Southwest Airlines check-in area is shown at Phoenix Sky Harbor International Airport Tuesday, April 14, 2020, in Phoenix. The coronavirus has caused a significant decrease in air travel. (AP Photo/Ross D. Franklin)

Two passengers wearing face coverings wait for a flight at Phoenix Sky Harbor International Airport on Tuesday, April 14, 2020, in Phoenix. The coronavirus outbreak has caused a significant decrease in air travel. (AP Photo/Ross D. Franklin)

A temporarily closed picnic area is covered with tape to prevent use Saturday, April 11, 2020, in Phoenix. Arizona's two most populous cities are imposing restrictions on use of their parks over the Easter weekend as they try to encourage social distancing to combat spread of the coronavirus. Officials say the Saturday and Sunday of Easter weekend are traditionally very busy days for city parks as families gather to celebrate. Phoenix parks remain open for walking but facilities such as restrooms and parking lots will be closed over the weekend and picnicking and grilling will be prohibited.(AP Photo/Matt York)

A volunteer from Phoenix College places a St. Mary's Food Bank donated food box into the back of a vechicle in a drive thru set up at the Phoenix College campus due to the coronavirus Wednesday, April 8, 2020, in Phoenix,Ariz. (AP Photo/Ross D. Franklin)

Jose Gonzalez works on making face masks as the Ortho Mattress company which is repurposing their factory to make the masks due to the coronavirus pandemic Monday, April 6, 2020, in Phoenix. Ortho Mattress has a daily goal of making 1,000 of the masks supporting the demand in the community. (AP Photo/Ross D. Franklin)

Some people wearing face masks wait in line to shop Saturday, April 4, 2020, in Tempe, Ariz. Honeywell announced that it is adding manufacturing capabilities in Phoenix to produce N95 face masks in support of the government's response to the novel coronavirus The company's Phoenix expansion will allow Honeywell to produce more than 20 million N95 disposable masks monthly to combat COVID-19 in the U.S. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Matt York)

A sign asking for customers to maintain "social distancing" due to the spread of coronavirus (COVID-19) is displayed at the Lowe's Home and Garden center on April 2, 2020, in Scottsdale, Arizona. Gov. Doug Ducey issued a statewide stay-at-home order beginning on April 1. (Getty Images Photo/Christian Petersen)
A sign indicating school closure due to the spread of coronavirus (COVID-19) is displayed at Deer Valley High School on April 2, 2020, in Glendale, Arizona. Arizona Gov. Doug Ducey issued a statewide stay-at-home order beginning on April 1. (Getty Images Photo/Christian Petersen)
A sign is displayed in front of residences and at the front gate to Coyote Ranch, during the COVID-19 pandemic, in Yuma, Ariz., Sunday, March 29, 2020. (Randy Hoeft/The Yuma Sun via AP)
(Facebook Photo/City of Phoenix Parks and Recreation Department)

Messages are posted on a community bulletin board in a Phoenix neighborhood, during the coronavirus outbreak Thursday, April 2, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

A peace sign is wrapped with lights in a Phoenix neighborhood, where most residents of most homes have put up lights, bringing people together for hope during the coronavirus outbreak, Thursday, April 2, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

A pair of cyclists navigate an empty one-way street in downtown Phoenix Wednesday, April 1, 2020 during the first full day of Arizona Gov. Doug Ducey's stay-at-home order to slow the spread of the new coronavirus. Gov. Ducey is urging Arizonans to be understanding and reasonable as people and businesses face April 1 due dates for bills such as mortgages, rent, utilities and internet service since the COVID-19 coronavirus outbreak has slowed the economy. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Matt York)

A typically busy downtown Phoenix Wednesday, April 1, 2020 is mostly idle during the first full day of Arizona Gov. Doug Ducey's stay-at-home order to slow the spread of the new coronavirus. (AP Photo/Matt York)

A typically busy downtown Phoenix Wednesday, April 1, 2020 is mostly idle during the first full day of Arizona Gov. Doug Ducey's stay-at-home order to slow the spread of the new coronavirus. Gov. Ducey is urging Arizonans to be understanding and reasonable as people and businesses face April 1 due dates for bills such as mortgages, rent, utilities and internet service since the COVID-19 coronavirus outbreak has slowed the economy. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Matt York)

A typically busy downtown Phoenix Wednesday, April 1, 2020 is mostly idle during the first full day of Arizona Gov. Doug Ducey's stay-at-home order to slow the spread of the new coronavirus. Gov. Ducey is urging Arizonans to be understanding and reasonable as people and businesses face April 1 due dates for bills such as mortgages, rent, utilities and internet service since the COVID-19 coronavirus outbreak has slowed the economy. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Matt York)

Phoenix parks employees wrap playground equipment with bright yellow crime scene tape so it won't be used by children amid efforts to slow the Coronavirus pandemic in Phoenix Wednesday, April 1, 2020. (AP Photo/Anita Snow)

Members of an Arizona National Guard unit load up a Black Hawk helicopter to deliver medical supplies to the remote Navajo Nation town of Kayenta due to the coronavirus, Tuesday, March 31, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Members of an Arizona National Guard unit load up a Black Hawk helicopter to deliver medical supplies to the remote Navajo Nation town of Kayenta due to the coronavirus, Tuesday, March 31, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

A woman wearing a face mask rides an escalator in downtown Phoenix on March 26, 2020. (Photo by Christian Petersen/Getty Images)

An empty street is devoid of vehicular traffic and pedestrians due to the coronavirus Sunday, March 29, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Arizona Department of Health Services Director Dr. Cara Christ and Arizona Governor Doug Ducey, R, hold a press conference to update Arizona's preparedness for COVID-19 coronavirus outbreak at the Arizona State Public Health Laboratory Wednesday, March 25, 2020 in Phoenix. (Rob Schumacher/The Arizona Republic via AP, Pool)

Mary Azelton, left, resident engineer of the project from the U.S. Army Corps of Engineers, and Susie McCann, from the Arizona Department of Health, tour the currently closed St. Luke's Medical Center hospital to see the viability of reopening the facility for possible future use due to the coronavirus Wednesday, March 25, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Arizona Gov. Doug Ducey, right, and Arizona Department of Health Services Director Dr. Cara Christ, left, exit a news conference after providing an update on the coronavirus at the Arizona State Public Health Laboratory Monday, March 23, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

PHOENIX — Coronavirus pandemic or not, an investment advisory company is leaving the cultural unrest in Seattle and moving its headquarters to Phoenix’s Camelback Corridor.

” … The unrest that has taken place in the city of Seattle … there is really is not a downtown business community today,” Smead Capital Management, President and CEO Cole Smead told KTAR News 92.3 FM.

Smead said that although taxes in Seattle are lower, candidate recruitment is harder and the cost of living within the city is more expensive than Phoenix.

“We’re hearing rumors of 40-story buildings that will be only 20-percent occupied by October,” Smead said.

“My biggest concern for Seattle was what the business community is going to come back to, and what kind of businesses are going to come back for customers.”

He found that metro Phoenix offers a better quality of life.

“My colleagues can pick the socio-economic rung of life that they want … live their lives, build
their households and have a family if they’d like,” Smead said.

“Where we’re coming from just wasn’t like that.”

Smead added his employees will take precautions to protect themselves from COVID-19 during their move.

As of May 31, the firm managed approximately $1.58 billion.