Canyon State Electric recently announced that it has transitioned to an Employee Stock Ownership Plan (ESOP), becoming an employee-owned company following a transaction completed in early November. The move formalizes the company’s long-standing commitment to investing in its people while ensuring long-term stability for clients, partners, and employees across the Southwest.   President Robert Hughes (left), CEO Stephanie Maderazzo-Hughes, and CEO/CBDO Chris Maderazzo (right)

As Dry January and the rapid rise of  dry tourism  reshape how travelers approach drinking culture, hospitality is entering a more intentional era, one where non-alcoholic beverages are crafted with the same care, creativity, and sense of occasion as traditional cocktail programs, elevating the ritual itself rather than emphasizing abstention. Especially with wellness travelers seeking sober getaways,  67% of whom are looking for new wellness activities to feel rejuvenated an

Expanded executive team sharpens operational focus and supports expansion into new high-growth markets   Nox Group , a hyper-scale industrial builder, announced a notable round of executive promotions and organizational realignments across its Phoenix headquarters and Southwest operations to support rising demand nationwide for mission-critical industrial facilities, including data centers, semiconductor plants, and water and wastewater infrastructure.  (L-R) Rob Infantino, R

IndiCap , a commercial real estate firm specializing in industrial investment and development throughout the U.S. Southwest, in partnership with  Invesco  Ltd. (NYSE: IVZ), a publicly traded, global independent investment management firm, announced today the completion of the sale of a 566,121-square-foot industrial building located within  Virgin Industrial Park  in Glendale, Arizona, to an undisclosed buyer. The transaction closed for a total consideration of $90,579,360.  

Leasing is officially underway at Verge, a newly delivered build-for-rent (BTR) community in Apache Junction, as residents begin moving into one of the East Valley’s most anticipated housing offerings – and we’re fully open to the public! Verge is thoughtfully designed to meet the growing demand for attainable, high-quality rental housing in the greater Phoenix metro. The community delivers modern single-family homes, intentional design, and a resident-first experience, witho

Construction input prices increased 0.6% in November compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices also increased 0.6% for the month. Overall construction input prices are 3.4% higher than one year ago, while nonresidential construction input prices are 3.8% higher. Prices increased in 2 of 3 energy categories la

Emery Sapp & Sons (ESS) announced today that it has acquired the equipment of the Highway Services Group from Penhall Company, expanding its pavement maintenance and preservation capabilities nationwide. With this equipment asset purchase, ESS now owns the largest diamond grinding and grooving fleet in the United States, with more than 242 pieces of equipment. Paired with decades of experience and a deep bench of operational horsepower, this equipment expansion positions ESS

Bidding Begins Closing: Tuesday, January 20th at 8:00 AM Preview Date: Live Preview Thursday, Friday & Monday 7 AM - 3:30 PM Visit us online at wsmauctioneers.com Start Bidding Now Invoices will be emailed to the successful bidders We make the online bidding process easy by offering ProxiBid Our mailing address is: WSM Auctioneers 1616 S 67th Ave Phoenix, AZ 85043-7700 #WSMAuctioneers

New leadership will advance professional development and industry impact across metro Phoenix Leading networking organization Arizona Commercial Real Estate Women ( AZCREW ) has named its 2026 Board of Directors, spanning leaders from a broad range of commercial real estate disciplines to help advance the organization’s mission of career growth, industry collaboration and meaningful connections for women in commercial real estate. Nicole Solar   Nicole Solar , Client Developm

The construction industry lost 11,000 jobs on net in December, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment grew by 14,000 jobs, an increase of 0.2%. Nonresidential construction employment decreased by 7,800 positions on net, with losses in 2 of the 3 subcategories. Heavy and civil engineering added 2,300 jobs, while nonresidential specialty trade and

The construction industry had 292,000 job openings on the last day of November, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 90,000 during the month and are up by 15,000 from the same time last year. “Construction job openings rose meaningf

Collaboration to boost efficiency and accessibility across global marine sectors Mammoet has entered into a strategic partnership with Tugdock Submersible Platforms Limited (Tugdock) to expand the use of the Tugdock Submersible Platform (TSP) - a breakthrough technology that improves buoyancy, stability, and load-in/load-out operations across marine industries.   The TSP is a modular, submersible platform that allows large floating structures to be transferred seamlessly from

Webcor LP, a full-service commercial builder headquartered in San Francisco, announces the acquisition of GCON, a construction management firm based in Phoenix. The transaction is expected to close in Q4 2025, subject to customary closing conditions and regulatory approvals. Matt Rossie This strategic relationship enables Webcor to leverage GCON’s expertise in critical environments – including data centers and semiconductor projects­­­ – to expand into high-growth technology

The American Concrete Institute (ACI) today announced its specification, ACI SPEC-563-25: Repair of Concrete in Buildings, is now available in the International System of Units (SI). This milestone provides design and construction professionals worldwide with greater accessibility and usability of ACI’s widely respected repair specifications. The SI edition of ACI SPEC-563-25 ensures that engineers, contractors, and owners working in global markets can implement the specifica

Bidding Begins Closing: Saturday, January 10th at 8:00 am Live Preview Monday Jan. 5th - Friday Jan. 9th 7AM - 3:15PM WSM Will Be CLOSED December 23rd Thru January 4th Visit us online at wsmauctioneers.com Start Bidding Now Invoices will be emailed to the successful bidders We make the online bidding process easy by offering ProxiBid Our mailing address is: WSM Auctioneers 1616 S 67th Ave Phoenix, AZ 85043-7700 #WSMAuctioneers

Cheers rumbled throughout the Enclave business park in Tempe last week during the ribbon-cutting ceremony for Canyon State Electric’s (CSE) new office headquarters, located at 1618 S Priest Dr., #101, Tempe, AZ 85281.   The  new location  features nearly 15,000 SF of office space and a warehouse over 6,000 SF— a combined footprint almost double the size of the company’s previous location in Phoenix. The conjoined office and warehouse will give CSE the ability to house both of

$129 million project will improve mobility and support future growth near key semiconductor facility.   The Arizona Department of Transportation (ADOT) awarded Pulice, a FlatironDragados company, a major freeway contract to improve mobility and capacity on the State Route 303L corridor in northwest Phoenix.    The $129 million Bob Stump Memorial Parkway 303L project — located between 51st Avenue and Interstate 17 — aims to alleviate congestion and prepare the rapidly growing

New North Phoenix Facility Combines Warehouse, Office and Lifestyle Amenities Construction on the future headquarters of  Muscular Moving Men & Storage  and  M3 Commercial Moving & Logistics , the leading local moving company serving the Valley since 2008, is officially underway following a groundbreaking ceremony held yesterday.  LGE Design Build , a national design-build firm, is serving as both architect and general contractor for the project. Located at 2601 E. Rose Garde

New neighborhood flex bay campus delivers adaptable, community-focused space for small and mid-sized businesses Cavan Commercial  has completed Power Commerce Park in Gilbert, providing a modern neighborhood flex bay (NFB) campus at a time when demand for light industrial space continues to rise. The development, located at 3380 S. Power Road at the northwest corner of Power and Elliot roads, includes 12 freestanding 12,171-square-foot buildings designed to serve the East Val

Brings Innovative Project Partners and industry veterans Thomas and Benjamin Fyffe to SLC team Leading Phoenix-based general contractor  Stevens-Leinweber Construction  (SLC) announced it will acquire local construction firm Innovative Building Partners (Innovative). Thomas Fyffe II   The acquisition further expands SLC’s industry network, in-house talent bench and award-winning platform, which spans more than four decades and includes more than 17 million square feet of comp