1
 
 

title: "19-year-old Democrat set to become next Maricopa County Clerk of the Superior Court - KTAR.com" url: "https://ktar.com/arizona-politics-news/election/sebastian-matta-maricopa-county-clerk-of-the-superior-court" author: "Kylie Werner"


Democrat Sebastian Matta, a 19-year-old sophomore at Arizona State University, is set to defeat Republican Jeff Dial in the race for Maricopa County Clerk of the Superior Court.

In a statement posted to social media Wednesday afternoon, Dial appeared to concede, stating he hoped the clerk’s office had a successful future and thanking everyone who helped with his campaign and the election.

To everyone who volunteered and helped out — thank you. And to everyone in Maricopa County who worked hard on Election Day to run a good election: this great state runs on people like you. I hope the Clerk’s Office finds great success in the future. — Jeff Dial

— Jeff Dial (@jeffdial) November 4, 2026

Results on Wednesday evening showed Matta with 689,669 votes, or 53.4%, and Dial with 602,745 votes, or 46.6%, with 1,360,007 ballots cast.

The Maricopa County Clerk of the Superior Court manages all official court records and financial services for the justice system.

“That is our future right there. … And those like him, those are the young people that we’re working with,” Arizona Democratic Party Chairwoman Charlene Fernandez said of Matta during KTAR News 92.3 FM’s election special Wednesday night.

Matta’s interest in the clerk’s office started when he began going to work with his father, who was a car crash investigator. He then became passionate about politics through speech and debate.

He decided to run for the office in August 2025 after identifying issues he wanted to resolve. He centered his campaign around bringing new thoughts and a youthful energy to the role.

Dial is a former state senator and state representative, as well as an Army Reserve veteran. After leaving office, he managed operations, budgets, payroll, contracts and regulatory compliance for 10 years while working in business.

He ran on expanding online filing and access to court records, creating ease by having the clerk’s office and Superior Court work together, protecting tax dollars and cutting waste.

RESOURCE: https://elections.maricopa.gov/results-and-data/election-results.html#ElectionResultsSearch

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title: "JLL arranges $108.7M sale and $66.36M financing of Arizona Grocery Portfolio" url: "https://www.jll.com/en-us/newsroom/jll-arranges-sale-and-financing-of-arizona-grocery-portfolio" author: "Grace Lewis"


PHOENIX, Nov. 5, 2026 – JLL Capital Markets announced today the $108.7 million sale of Arizona Grocery Portfolio, a seven-property, 422,949-square-foot grocery-anchored retail portfolio located across Phoenix and Tucson, Arizona.

JLL represented the seller, A&C Properties Inc., in the transaction. 11North Partners acquired the asset. Working on behalf of the new owner, JLL also arranged $66.36 million in acquisition financing through a leading insurance company.

The portfolio features strategic positioning along high-traffic corridors throughout multiple submarkets in both metropolitan areas. The seven properties benefit from limited retail supply in their surrounding trade areas and feature below-market rents that provide significant value-creation opportunities. Currently operating at 96% occupancy, the portfolio is anchored by Fry's Food & Drug (NYSE:KR) and features a diverse tenant mix that includes daily needs and necessity-based retailers serving each respective community.

The properties deliver strong cash flow through their grocery-anchored format while offering investors mark-to-market opportunities through tenant curation and lease renewals. The Phoenix and Tucson markets continue to attract retail investment capital due to population growth, favorable business climates and strong consumer spending patterns. This acquisition represents 11North Partners' inaugural investment in Arizona and expands the buyer's necessity-based retail platform into its eighth state.

The JLL Capital Markets Investment Sales and Advisory team was led by Managing Director Patrick Dempsey, Director Tess Berghoff and Analyst Ross Jorgensen. The JLL Capital Markets Debt Advisory team was led by Director Jarrod Howard.

"A&C Properties Inc. assembled a high-quality grocery-anchored portfolio positioned in submarkets with limited retail supply and strong traffic patterns," Dempsey said. "11North Partners recognized the long-term value in these well-located assets and the opportunity to enhance returns through thoughtful leasing strategies and mark-to-market adjustments."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

3
 
 

title: "ADOT sets 2 public meetings to discuss I-10 improvements through central Phoenix" url: "https://ktar.com/arizona-news/adot-sets-2-public-meetings-to-discuss-i-10-improvements-through-central-phoenix" author: "David Veenstra"


(ADOT photo)

The Arizona Department of Transportation is seeking public feedback as it evaluates potential improvements to ease traffic congestion and improve safety along a busy stretch of Interstate 10 in central Phoenix.

ADOT is hosting two public meetings next month regarding options for the I-10 between the Deck Park Tunnel and the I-10/I-17 Split interchange.

The state transportation department is currently preparing an Environmental Assessment and Design Concept Report to evaluate options for the corridor, including potential reconfigurations to freeway ramp connections and lane setups.

Public meeting details

The first meeting will be held in person on Thursday, Nov. 5, at Garfield Elementary School, located near 13th and Roosevelt streets (811 N. 13th St.) in Phoenix. Doors open at 5:30 p.m., followed by a presentation at 6 p.m. An open house session will run from 6:30 to 7 p.m.

A virtual meeting is also set for Monday, Nov. 9, from 6 p.m. to 7 p.m. Community members interested in attending the online session must register in advance on the study webpage.

Both meetings will begin with a presentation. A dedicated time for public comments and questions will follow thereafter. Spanish interpretation services will be provided at both events.

For those unable to attend either session, meeting materials and a recording will be published to the project website by Nov. 4.

4
 
 

title: "Judge rules developer breached contract on stalled Phoenix tower" url: "https://www.abc15.com/news/business/judge-rules-developer-breached-contract-on-stalled-phoenix-tower" author: "Angela Gonzales, Phoenix Business Journal"


A Maricopa County judge issued a final judgment that the developer of a long-stalled downtown Phoenix apartment tower "materially breached its contract" with one of the Valley's most prolific general contractors.

Maricopa County Superior Court⁠ Judge John L. Blanchard found in the Nov. 2 ruling that XSC Phoenix Investment 2.0 LLC, an entity affiliated with Chicago-based developer The X Co., violated the Arizona Prompt Payment Act and breached its contract with general contractor Clayco Inc.⁠ to build the second phase of the X Phoenix apartment complex on the corner of West Monroe and 3rd Avenue, which stopped mid-construction in September 2023.

Chicago-based Clayco Inc. and other subcontractors tied to the project are now owed $40.3 million in principal and another $16.3 million in accrued interest through June 30, plus accruing interest at the rate of 1.5% per month thereafter until paid, according to the Nov. 2 judgment.

5
 
 

title: "16-year-old girl struck with shrapnel 'square in the mouth' after partygoer tosses shock absorber into bonfire, causing explosion: Family" url: "https://www.aol.com/articles/16-old-girl-struck-shrapnel-230754000.html" author: "David Harris"

David Harris

Tue, November 3, 2026 at 4:07 PM MST

Inset: Jaidynn Penberthy (GoFundMe). Background: Area near New River and Saddle Mountain roads in Phoenix, Arizona, where Jaidynn was injured in a bonfire explosion (Google Maps).

Cops in Arizona are searching for the person who allegedly chucked a car part into a bonfire, causing an explosion that seriously hurt a 16-year-old girl.

Phoenix police said the incident happened around 10:30 p.m. on Oct. 30 in the middle of the desert near New River and Saddle Mountain roads.

The girl, Jaidynn Penberthy, suffered a broken jaw, multiple facial fractures, broken teeth and burns, according to a GoFundMe.

Ethan Glass, Penberthy's brother, told local CBS affiliate KPHO that his sister was standing about 10 feet from the bonfire when someone threw a car shock absorber into the fire. It exploded, and pieces of shrapnel struck Jaidynn "square in the mouth" and rendered her unconscious, according to her brother.

"There was a lot of blood," Glass told the TV station. "It was like a scene out of a horror movie."

Partygoers performed lifesaving measures and Jaidynn's friends rushed her to get help.

She temporarily lost her pulse, and a friend performed a sternum rub.

"[Her friend] said that she lost her pulse for like a minute," Glass recalled.

Jaidynn remains at the hospital and expects a long recovery.

"At just 16 years old, Jaidynn is going through something no one should ever have to experience," the GoFundMe said. "The past few days have been incredibly difficult, and while there are still many unknowns, our main focus is making sure she receives the care and support she needs to make a full recovery."

Police said the suspect is in their teens or early 20s. Anyone with information is asked to call Phoenix police or Silent Witness at 480-WITNESS.

Glass told KPHO that he wants the person held accountable.

"Being kind of an older brother definitely makes me frustrated a lot. I mean, I really don't understand why he would do something of the sort. It makes no sense," Glass said.

The post 16-year-old girl struck with shrapnel 'square in the mouth' after partygoer tosses shock absorber into bonfire, causing explosion: Family first appeared on Law & Crime.

6
 
 

title: "Phoenix crews secure ammonia leak at Shamrock Foods plant" url: "https://www.azfamily.com/2026/11/02/firefighters-working-contain-ammonia-leak-shamrock-foods-phoenix/" author: "Alexis Cortez"


PHOENIX (AZFamily) — Firefighters are working to find out what caused an ammonia leak at a food manufacturing plant in central Phoenix early Monday morning.

Around 4 a.m., Phoenix firefighters received reports about an ammonia leak at the Shamrock Foods industrial building, located off of Interstate 17 and Encanto Boulevard.

Three hours later, crews were able to contain the leak to one building. Just after 5:30 p.m., firefighters said technical teams had secured the ammonia leak.

No one was hurt.

7
 
 

title: "Child critically hurt after being hit by suspected impaired driver in Phoenix" url: "https://www.azfamily.com/2026/11/03/child-critically-hurt-after-being-hit-by-suspected-impaired-driver-phoenix/" author: "Brian Petersheim"


PHOENIX (AZFamily) — A child is fighting for their life after being hit by a suspected impaired driver in north Phoenix Monday afternoon.

It happened just before 6:30 p.m., when first responders were called to the crash near 35th and Peoria Avenues.

When officers arrived, they learned a “small child” had been hit by a car, according to the Phoenix Police Department. The child, whose age and gender were not released, was taken to the hospital in critical condition.

Police say they believe the driver may have been impaired, but it is unclear if the driver was arrested on the scene. The driver has not been publicly identified.

The road was restricted for several hours during the investigation, but has since reopened.

See a spelling or grammatical error in our story? Please click here to report it.

Do you have a photo or video of a breaking news story? Send it to us here with a brief description.

Copyright 2026 KTVK/KPHO. All rights reserved.

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something going on. traffic blocked. possible stabbing (or some other major emergency) 1:34pm

9
 
 

reddit's flaired "[News]" postings are only counted at 10 for the month.
i think we have greatly exceeded that. both in quantity and quality.
still missing:

  • whats happening style user reports or explainations
  • a variety of other post styles and unique insight from comments
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title: "Phoenix Symphony money woes remain a mystery" url: "https://www.phoenixnewtimes.com/music/phoenix-symphony-money-woes-remain-a-mystery-40711020/" author: "Geri Koeppel"


After the Phoenix Symphony announced last week that it was suspending its season just as it was starting, a flurry of questions erupted.

Since then, the Symphony board has posted updates on its website and spokespeople for its 66 musicians have posted on social media, sent a press release and given interviews to news outlets.

At this point, however, it’s still unclear whether or when the season might restart, or whether it’ll perform for Ballet Arizona’s “The Nutcracker” this season. The musicians have openly called for more transparency. They want to see all the financial data that isn’t publicly available, details on why the announcement was so sudden and unexpected and more.

Bridget Pasker, associate principal cello for the Phoenix Symphony, says, “Those are some of the questions that we still have for them: What is their fundraising plan? What’s the timeline for bringing the orchestra back? What happened to the funds raised already?”

In a statement, the board said, “We hope to have a plan soon that we can reveal once it’s complete.”

Layoffs loom; contract about to expire

As we reported previously, the symphony has had ongoing debts and said it needs a $10 million infusion to reopen. The board hasn’t revealed how much it’s raised so far in its $60 million Crescendo campaign, much of which can’t cover operating expenses, anyway.

The symphony’s update as of Oct. 20 read, “Years of operating deficits and accumulated financial obligations have created an immediate cash shortage.”

In plain language, imagine spending more than you earn month after month, but managing to make the rent and car payment through creativity (skipping that dentist appointment) and luck (you got an unexpected refund check), only to find at the end of the year that you’re tapped out. That’s sort of the situation they’re in.

The board’s update added that it hadn’t raised the $7 million in donations it expected, which “created a risk that it could not meet payroll.”

The musicians knew the symphony was struggling financially, but says the announcement caught them off guard. They learned on Oct. 20 that they’d be laid off on Nov. 2. (Pasker sits on the board but says she isn’t always privy to financial discussions because of a conflict-of-interest clause.)

The news was particularly shocking because the symphony had recently hired a new music director, Paolo Bortolameolli; principal pops conductor, Stuart Chafetz; and vice president of development, Naquana Borrero, along with new musicians.

Incidentally, the musicians’ contract expires Oct. 31, and they’d begun negotiating a new one.

The first proposal, on Sept. 30, called for deep cuts to musician salaries, Pasker says. On Oct. 6, the musicians submitted a counterproposal that she says included “just under 50 percent of those cuts.”

At the third meeting on Oct. 20, Pasker says the musicians went in expecting a contract-negotiating meeting and instead received notice that the symphony was suspending the season.

In a statement to Phoenix New Times, the symphony board wrote, “The members of the Symphony board have been working day and night to put the symphony back on a sustainable path so the music can return.

“The board understands that the musicians are upset. The members of the board are upset too. The Board is doing all it can to make sure the Symphony performs again as soon as possible.”

The Phoenix Symphony is preparing to suspend its season next month.

Jaron Quach

Salaries are ‘fairly reasonable‘

So where exactly did the budget go awry? The symphony’s updates on its websites provide statements, but Pasker says, “There’s a lot of words without saying a whole lot.”

Operating expenses are about $14 million annually. That includes $9.5 million for artistic expenses alone, including musician salaries, Symphony Hall rent, production costs, chorus and library expenses, and guest artists’ pay, travel and lodging.

Full-time Symphony musicians’ salaries range from about $47,000 to $64,000 a year for 35 weeks; they also get year-round benefits, and many have side gigs outside the symphony season.

However, while the musicians understand the financial stress the symphony is under, she added, “there’s only so much salary cut you can take and still be able to live.”

The administrative and executive staff compensation is in line with average salaries for orchestras of their budget size, Pasker says. In fact, she explains, they’ve been short-staffed for about six months, partly due to budget cuts and because people have left and haven’t been replaced.

Also, CEO Peter Kjome’s $305,000 salary is “fairly reasonable for an orchestra of our size,” Pasker says.

She has praise for Kjome, saying, “He has been incredibly supportive of the musicians the entire time he’s been here. We see him all the time — at rehearsals, at concerts.”

Pasker adds that since Kjome was hired, “We’ve had increased ticket sales; we’ve had increased contributed revenue. He’s spent the last three-and-a-half years really trying to grow this organization, and has done so, frankly.”

The musicians knew when Kjome was hired that he was CEO of the Baltimore Symphony Orchestra in 2019, when it locked out its musicians for 16 weeks during a labor dispute, Pasker says. She adds, “We believe that this is coming from the board and not from Peter.”

Pasker also says the orchestra regularly goes into the community to perform at homeless shelters, hospice and memory care centers, and schools, and that, as far as the musicians know, all of that will be suspended.

The music stops for now

Meanwhile, the city of Phoenix also just spent $7 million updating Symphony Hall, which it owns and rents to the orchestra and others. Pasker says the musicians haven’t heard from the city.

“For us, that is a fairly notable silence right now,” Pasker says. “We hope the city also values its arts organizations and will be doing whatever it can to help the Phoenix Symphony stay in the city.”

Even if the city offered free rent, or the staff or musicians worked for free for a year, however, it wouldn’t patch the budget shortfall. 

Still, Pasker says the musicians don’t think the board’s decision to stop the music was wise, since it cuts off ticket revenue and could alienate donors, both small and large, rather than kickstart them into action.

“Something that we asked them in the (Oct. 20) meeting is: How are you going to fundraise now? There’s no product,” Pasker says. “They didn’t have an answer.”

11
 
 

cross-posted from: https://lemmy.world/post/53593406

The early voting for the Midterms is now available in many places. You can early vote at a polling place or you can use mail-in voting.

Get organised today here: https://www.vote.org/

If you choose to vote in person, either now or on election day, be aware of your rights and course of actions: https://lemmy.world/post/53334632

12
 
 

title: "Public Input Sought for Phoenix Police Department Reaccreditation" url: "https://arizonadailyindependent.com/2026/10/30/public-input-sought-for-phoenix-police-department-reaccreditation/" author: "ADI Staff Reporter"


PHOENIX – The Phoenix Police Department is preparing for its first reaccreditation review through the Arizona Law Enforcement Accreditation Program (ALEAP), an independent process designed to evaluate law enforcement agencies against established professional standards.

The department joined ALEAP in 2021 as part of an ongoing effort to improve operations, strengthen transparency and increase accountability to the community.

A team of ALEAP assessors will conduct an on-site evaluation December 1–3, 2026, examining the department’s policies, procedures, management practices, daily operations and support services.

Accreditation is voluntary and recognizes law enforcement agencies that demonstrate a commitment to professional standards, accountability and continuous improvement.

Phoenix police employees and community members are encouraged to submit comments directly to the ALEAP Assessment Team regarding the department’s performance and practices.

Feedback may be submitted through the ALEAP Community Feedback Portal.

Accreditation is valid for four years. During that period, participating agencies must submit annual reports documenting their continued compliance with established standards.

The Arizona Association of Chiefs of Police (AACOP) oversees the accreditation program in Arizona.

For additional information about the accreditation process, visit www.azchiefsofpolice.org.

13
 
 

title: "Honeywell to build $500M manufacturing facility in Tempe" url: "https://www.azfamily.com/2026/10/28/honeywell-build-500m-manufacturing-facility-tempe/" author: "azfamily staff"


TEMPE, AZ (AZFamily) — Honeywell Aerospace announced an expansion Wednesday that includes a new $500 million manufacturing facility in Tempe.

The 300,000-square-foot facility will support the largest commercial and defense customers in aerospace and aviation.

“Demand for technology from Honeywell Aerospace continues to accelerate across both commercial and defense markets, and this major investment ensures we can continue delivering for our customers while unlocking long-term growth for our shareholders,” said Jim Currier, president and chief executive officer of Honeywell Aerospace. “This is an example of how our recent spin into an independent, publicly-traded Honeywell Aerospace allows us to make decisions and investments that support our growth and the future of aviation and defense.”

The company said the new facility will allow for growth in production of defense technologies after signing an agreement with the Department of Defense in March.

Honeywell announced an expansion that includes a new $500 million manufacturing facility in Tempe.(Honeywell Aerospace)

The facility is expected to bring 600 jobs to Tempe, as well as 1,000 jobs during construction. It is scheduled to open in late 2028.

Copyright 2026 KTVK/KPHO. All rights reserved.

14
 
 

title: "2 hospitalized after energized copper injures workers in Mesa" url: "https://dailydispatch.com/fire-news/arizona/2-hospitalized-after-energized-copper-injures-workers-in-mesa/" author: "Lori Warner"


VIDEO: Two people were hospitalized, including one in critical condition, after energized copper injured them at a Mesa building Tuesday.

The Mesa Fire and Medical Department said a crew was removing copper from a building near Tahoe Avenue and Avery Street, just west of Mesa Gateway Airport, when two people were injured by copper “that apparently was still energized.”

Details of the injuries were not provided, but fire officials said one person is in critical condition.

The fire department was conducting training at the same building at the time of the incident, but no fire personnel were involved, officials said. This case is still under investigation.

KTVK-TV CBS 3 & KPHO-TV CBS 5 Phoenix (AZ Family)

15
 
 

Women’s Final Four delivers $71.5 million economic impact for Arizona economy


title: "Women’s Final Four delivers $71.5 million economic impact for Arizona" url: "https://azbigmedia.com/business/sports/womens-final-four-delivers-71-5-million-economic-impact-for-arizona/" author: "Christina Fuoco-Karasinski"


Arizona’s first NCAA Women’s Final Four proved to be more than a showcase of elite basketball. It also generated a major economic win for the state.

The 2026 NCAA Women’s Final Four produced $71.5 million in economic impact and contributed $42.2 million to Arizona’s gross domestic product, according to a study conducted by ASU’s Seidman Research Institute.


Researchers found that approximately 27,330 out-of-state visitors traveled to Arizona for the event, staying an average of 4.08 nights and spending about $220.64 per person per day. The study measured only new dollars that entered Arizona because of the tournament.

“Major events like the Women’s Final Four are powerful drivers of tourism and economic growth,” said Arizona Gov. Katie Hobbs. 

“Basketball is a global game, and this year’s tournament put Arizona in the international spotlight. Fans from near and far saw everything our state has to offer, and I’m sure many left already planning their next visit.”

The Valley hosted its first Women’s Final Four on April 3 and April 5 at the Mortgage Matchup Center in Phoenix. The tournament culminated with the UCLA Bruins capturing the program’s first national championship.

Beyond visitor spending, the event created the equivalent of 426 job years of employment and generated $24 million in labor income throughout Arizona. Researchers also estimated the tournament produced approximately $4 million in tax revenue, including $2.3 million for the state, $200,000 for Maricopa County and $1.5 million for local municipalities.

Phoenix Mayor Kate Gallego said the event brought significant energy and economic activity to Downtown and the rest of the Valley.

“Hosting our first Women’s Final Four was a slam dunk for Phoenix, as we transformed downtown into the center of the women’s basketball universe,” Gallego said. 

“The influx of visitors boosted our local economy and energized businesses and cultural institutions across the city.”

The tournament’s reach extended well beyond Arizona. The three games attracted a combined worldwide television audience of 9.9 million viewers, while a record 1,280 credentialed media members generated extensive coverage of both the event and the state. Attendance for the three contests totaled 29,811 fans, including a sellout crowd of 15,856 for the championship matchup between UCLA and South Carolina.

“This was a community-powered effort, and we are grateful to the NCAA and every stakeholder who supported the first-ever Women’s Final Four in Arizona,” said Jay Parry, CEO of the Phoenix Final Four Local Organizing Committee. 

“We are proud to further cement Arizona’s reputation as the nation’s top destination for mega sporting events.”

Fan engagement stretched throughout Downtown Phoenix. A record 35,036 people attended Four It All Fest, the free outdoor fan festival. Another 26,610 visitors toured Women’s Final Four Tourney Town at the Phoenix Convention Center, while 10,212 attended the free Super Saturday Concert featuring Grammy Award-winning artist Kehlani. The tournament’s annual Bounce event drew 3,000 youth participants, reaching capacity.

Organizers also highlighted the event’s community legacy. Through the Women’s Final Four Legacy Project, partners renovated the Washington Activity Center in Phoenix’s Alhambra Village with upgraded basketball courts, a literacy lounge, computer lab, an e-sports lounge and a new mural. The facility serves more than 18,000 residents annually.

Education initiatives left an impact as well. The Read to the Final Four program engaged 12,156 third-grade students from 191 schools across Arizona, who collectively logged more than 21.4 million minutes of reading.

For Arizona tourism leaders, the results further reinforce the state’s growing reputation as a destination for major sporting events.

“The 2026 Women’s Final Four was a testament to our destination’s ability to successfully host major events,” said Ron Price, president and CEO of Visit Phoenix. 

“Tens of thousands of basketball fans had the opportunity to explore our local businesses and venues, showcasing our lively hospitality industry and driving economic growth throughout our local community.”

16
 
 

title: "Arizona employee health insurance costs are ‘out of control,’ lawmakers say" url: "https://azcapitoltimes.com/news/2026/10/14/arizona-employee-health-insurance-costs-are-out-of-control-lawmakers-say/" author: "Jakob Thorington, Arizona Capitol Times"


Key Points: 
  • Arizona’s state employee health insurance trust fund faces a $660 million funding gap
  • Republican lawmakers want to study the plan’s costs and employee contributions ahead of 2027
  • Rising healthcare costs and limited state budget reserves could lead to higher employee premiums, greater cost-sharing and other changes to the plan

Republican lawmakers want to make state employee healthcare a focus of the 2027 legislative session as budget staffers project a $660 million funding gap in the state’s insurance trust fund. 

The fund, which costs $1.4 billion annually, receives roughly $850 million from employer contributions and employee premiums, leaving the state to cover the remaining costs through other sources, according to Joint Legislative Budget Committee staff.  

The growing gap adds pressure to an already strained state budget, with lawmakers facing limited reserves and nearly $600 million in projected spending on recurring expenses that have been classified as one-time costs. The health insurance subsidy is the largest of those expenses, and Republicans are signaling they want to overhaul the plan as they weigh how to close the shortfall without further straining state finances.

“Costs are out of control. If we are going to claim to be self-insured, we need to take this very seriously as a Legislature and find solutions,” said Senate Appropriations Committee Chairman David Farnsworth during a Sept. 30 JLBC meeting. “I think the whole thing needs to be revamped.”

Arizona’s state employee health plan became self-insured in 2004. Since fiscal year 2023, when the state provided $103 million from the general fund to help cover costs, trust fund subsidies have grown substantially.

The subsidy payment decreased to $73 million in fiscal year 2024, but it has steadily increased since. The state spent $140 million and $195 million in the following two years before spending $325 million in the current fiscal year.

JLBC staff predicts the state will need $660 million to close the current funding gap, including $325 million from the general fund, with the remainder coming from other sources. 

“We’re not putting enough money into the health employee trust fund, and that’s why the subsidy has grown,” Rep. Matt Gress, R-Phoenix, said during JLBC’s meeting. “I think some of us are concerned about the spending side of the equation and that the plan isn’t being managed as well as it could.”

Gress said the trust fund should be a central issue for the governor and the Legislature next year. The recently enacted budget increased ongoing funding for the fund by $100 million beginning in fiscal year 2029, but that increase won’t be enough to cover the funding gap.

Why have costs risen?

The Arizona Department of Administration projects a 10% increase in healthcare prices and a 3.5% increase in employee utilization for the next three years. 

“It’s very difficult to predict this particular market that far in the future,” ADOA Benefits Service Division Director Paul Shannon told lawmakers on JLBC. “The country’s experiencing a rising inflation rate.”

The nation’s large employers also expect healthcare costs to rise 9% to 11% in 2027, according to three national surveys. 

The Centers for Medicare and Medicaid Services’ most recent national health expenditure fact sheet states that healthcare spending increased by 7.2% in 2024. CMS also expects national spending growth to outpace the country’s average gross domestic product growth by a little more than 1% through 2034. 

Spurred by increased demand, the American Medical Association found national growth rates in 2023 and 2024 were the highest recorded since 2003’s 8.6% increase, excluding 2020, when spending surged due to the COVID-19 pandemic.

Next steps

State lawmakers predict the Arizona health insurance trust fund will have a $500 million deficit by 2030 under the state’s current insurance plan and spending formula. JLBC staff recommended a combination of solutions to address that shortfall, including employee premium increases, increased employee cost sharing and structural changes to the state’s health insurance plan. 

Meanwhile, the state faces a tight budget outlook. Under current spending plans and revenue projections, budget staff expect only $61 million in available funds for the next fiscal year and $52 million the year after—amounts insufficient to cover the health insurance subsidy and other ongoing one-time expenses. 

Senate Majority Leader John Kavanagh, R-Fountain Hills, told the Arizona Capitol Times that Republicans are considering legislation in the upcoming session to address the issue. But he said GOP lawmakers first want a study to compare state employee health benefits with the private sector and other government entities. 

“In the private sector, the average employee pays 20% of the cost, whereas in the Arizona state government, our employees only pay 7%,” Kavanagh said, citing statistics from the U.S. Bureau of Labor Statistics. “That creates a lot of the usage, plus health costs are way up.”

The recently enacted budget also established an oversight board for the trust fund, tasked with designing policies to lower the employer and employee cost-share ratio of medical premiums to 85% employer and 15% employee by 2035.

Sen. Lela Alston, D-Phoenix, cautioned against raising employee healthcare costs, noting that Arizona state employee salaries are low relative to other states.

“We’re actually making salary cuts,” Alston said. “I hope whoever makes these decisions will keep that in mind so that we keep families healthy and keep our own employees off benefits like Medicare and food stamps. We do have employees in the state of Arizona on food stamps.”

At an Oct. 8 Finance Advisory Committee meeting, Ben Henderson, Gov. Katie Hobbs’s budget director, said the governor’s office is prioritizing every available option to ensure state employees have health insurance. 

“That’s an ongoing cost that’s necessary and must be addressed,” Henderson said. 

The governor vetoed a Republican budget plan in the legislative session that would have cut the health insurance trust fund by about $90 million while increasing employees’ premium share by 20% over three years. 

In May, the governor’s office said the trust fund would have ended the fiscal year in debt under the Republican budget and would have led to a yearly pay cut for Department of Public Safety officers of $7,400 to $10,000. 

Hobbs is still seeking a $700 million federal border reimbursement from the Department of Homeland Security, which she initially requested last year. Henderson said the governor’s office would like to use that reimbursement to help pay ongoing one-time costs, but Arizona’s application is still pending, and Kavanagh said he doesn’t expect that money to come to Arizona.

RELATED:
https://azmirror.com/2026/10/26/repub/the-percentage-of-people-without-health-insurance-is-growing/

https://azcapitoltimes.com/news/2026/10/26/healthcare-drives-arizonas-job-growth-but-can-employers-keep-up/

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title: "'Incel-adjacent' Mesa teen plotting mass shooting studied Paris attacks, shopped for tactical gear, FBI says" url: "https://www.fox10phoenix.com/news/incel-adjacent-mesa-teen-plotting-mass-shooting-studied-paris-attacks-shopped-tactical-gear-fbi-says" author: "Elias Weiss"


Published October 7, 2026 8:33 PM MST

Teen arrested on suspicion of making terrorist threat

Teen arrested on suspicion of making terrorist threat

MESA, Ariz. - An 18-year-old Mesa man is behind bars on a $500,000 cash-only bond after local police and federal agents arrested him for "planning a mass shooting," according to court documents and prosecutors.

What we know:

Damien Alexander Bedonie was taken into custody early Tuesday morning by Mesa police officers assisting the FBI following an investigation into terroristic threats. During his initial court appearance on Oct. 7, state prosecutors revealed that search warrants uncovered evidence showing Bedonie allegedly researched past mass casualty events, looked up how to buy weapons and tactical gear, and began taking steps toward putting a violent plan into action.

Damien Bedonie appears before a judge following his arrest in an alleged mass attack plot. (Maricopa County Superior Court)

'The suspect is incel-adjacent'

What they're saying:

Prosecutor Ashley Stetson told the court that Bedonie's internet history, revealed in a search warrant, showed he searched for how to buy weapons "for a specific amount of money" and studied major violent attacks. Specifically, investigators found web searches regarding the 2015 Paris terror attacks, including queries about how they were coordinated and carried out, as well as searches detailing the Boston Marathon bombing and the Uvalde school shooting.

State prosecutors said they were "concerned" during the hearing that Bedonie is "incel-adjacent" – referring to involuntary celibates, an online subculture driven by hatred toward women – and evaluated his actions under the FBI’s pathway to violence model. Prosecutors say Bedonie expressed "deep-seated hatred toward specific groups" in prior conversations and said he wished to harm them, marking a dangerous shift from online ranting to real-world preparation.

What we don't know:

Authorities have not yet released details on specific potential targets, which groups were allegedly targeted, or whether Bedonie successfully acquired any weapons or tactical gear prior to his arrest.

What's next:

Bedonie was booked into Maricopa County jail on one felony count of making a terrorist threat. He is scheduled to appear in Maricopa County Superior Court on Oct. 12.

The Source: Information in this report was gathered from documents filed in Maricopa County Superior Court, Maricopa County Prosecutor Ashley Stetson, the Mesa Police Department and the FBI.

Crime and Public SafetyMesaNews

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title: "4 women, male driver, injured after vehicle crashes into Phoenix bus stop" url: "https://www.abc15.com/traffic/4-people-including-teen-and-child-in-critical-condition-after-vehicle-crashes-into-phoenix-bus-stop" author: "abc15.com staff"


Posted 9:29 AM, Oct 28, 2026

and last updated 12:34 PM, Oct 28, 2026

PHOENIX — Phoenix Fire Department officials say four women were injured after a vehicle crashed into a bus stop Wednesday morning.

The collision happened near 46th Street and Baseline Road around 8:15 a.m.

Officials say a single vehicle crashed into a bus stop, leaving six people in need of treatment. One of the victims was trapped and had to be extricated, officials say.

Phoenix police officials say four women were sitting at a bus stop when they were struck. They were all taken to a hospital for treatment of various injuries. One of the women is listed in critical condition.

Crews at the scene were told one of the victims was a 16-year-old girl and suffered from what appear to be non-life-threatening injuries.

A preliminary investigation led detectives to believe speed was a factor in the crash.

No other details have been provided.

RELATED:
https://www.fox10phoenix.com/news/phoenix-mother-loses-leg-after-jeep-crashes-bus-stop

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title: "ABC15 Arizona in Phoenix (KNXV)" url: "https://www.abc15.com/news/local-news/region-phoenix-metro/phoenix-closes-fiscal-year-with-7-2-million-budget-surplus-narrowest-variance-in-years" author: "Ford Hatchett"


Posted 8:28 PM, Oct 13, 2026

PHOENIX — The City of Phoenix closed out fiscal year 2025-26 with a general fund balance of $266.4 million, about $7.2 million more than projected, as the city prepares to build its next budget amid rising costs and economic uncertainty.

"Really good news this year. The difference, or the variance we call it, between what we'd estimated and where our general fund actually ended up is one of our narrowest variances in years," said Aaron Mertz, City of Phoenix Budget and Research Director.

According to the city council agenda, total general fund resources of $2,208.4 million exceeded estimates by $17.7 million, a variance of just 0.8 percent. The primary driver was higher-than-anticipated city and state-shared sales tax collections, including the impact of a 0.5 percentage point increase in the City Transaction Privilege Tax and Use Tax rates. Total general fund expenditures of $1,942 million came in $10.5 million above estimates, a variance of 0.5 percent, largely due to slightly lower-than-forecasted salary savings.

The $7.2 million surplus will remain in reserve while the city develops its 2027-28 budget.

"We'll put all those pieces together, including the $7.2 million, and again will come back to council in February with the general fund status to kind of say, now that we've crunched all the numbers, here's where we think we're at heading into 2027-28," Mertz said.

Mertz said last year, police, fire, and parks took the biggest shares of the general fund operating budget, a fact that drew attention from at least one council member.

"We love that books are balanced. However, I have some concerns about what is our highest invested department, because I believe through that budget process that's really reflecting what we value," said District 7 Councilmember Anna Hernandez.

Despite the surplus, city officials say significant budget challenges lie ahead. Rising employee benefit costs — particularly public safety pensions and healthcare — are among the most pressing concerns.

"Within the city, we obviously have to contend with challenges like increased benefit costs. You know, healthcare costs — I know that's one that nationwide is really challenging right now," Mertz said.

The city council agenda identifies additional budget pressures for 2027-28 and beyond, including negotiated labor increases, deferred maintenance and aging infrastructure, new ongoing operating costs from the voter-approved 2023 General Obligation Bond Program, and demands for new or expanded city services. The agenda also notes that Phoenix's public safety pension costs are expected to continue increasing, with updated pension rates from the June 30, 2026, actuarial valuation expected in December.

City staff have already begun a technical review process to evaluate spending at the line-item level and will conduct central expenditure reviews in December before presenting the 2027-28 general fund budget status and multi-year forecast to the City Council on February 23, 2027.

This story was reported on-air by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.

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title: "Wannabe cartel hitman allegedly knifed Mesa clerk while trying to steal gun he needed to commit 5 murders" url: "https://www.fox10phoenix.com/news/wannabe-cartel-hitman-allegedly-knifed-mesa-clerk-while-trying-steal-gun-commit-5-murders" author: "Elias Weiss"


Published October 26, 2026 6:07 PM MST

Diamond Dajour Buchanan (Maricopa County Sheriff's Office)

Warning: Graphic content. Reader discretion is advised.

MESA, Ariz. - A Pennsylvania man was arrested Saturday night after allegedly knifing a retail worker while stealing a handgun from a Mesa sporting goods store, later telling police he cased the shop to carry out five cartel contract hits in exchange for male enhancement.

What we know:

Diamond Dajour Buchanan, 28, is accused of multiple felony charges following the violent scuffle inside a Sportsman’s Warehouse. According to court documents, Buchanan told detectives that he was an operative working for both the FBI and a Mexican drug cartel.

Chaos at the counter

Officers were dispatched around 6:40 p.m. on Oct. 24 to the outdoors retailer near Greenfield and Baseline roads after reports of a man armed with a knife. Store surveillance cameras captured Buchanan pacing the aisles for several minutes, waiting for the attendant at the firearms counter to become distracted. Once the clerk looked away, Buchanan allegedly darted behind the counter, grabbed a handgun equipped with a trigger lock from a back shelf, and sprinted toward the front exit.

A store employee moved to intercept Buchanan, tackling him near the doors to prevent his escape. A chaotic altercation ensued between Buchanan, the employee and a second worker. During the struggle, police say Buchanan pulled a silver folding knife, cutting the worker's wrist and slashing his hand. Two armed witnesses nearby drew their own guns on Buchanan, prompting the injured worker to let go before Buchanan broke loose and fled out the front doors.

Mesa Police Department officers apprehended Buchanan a short distance away about an hour later, reportedly finding the folding knife on him. Both the injured employee and a witness identified him at the scene.

Absurd admissions

What they're saying:

When interviewed by police, Buchanan reportedly confirmed he was the man seen in the surveillance images holding the knife and revealed a bizarre motive for the heist. Investigators wrote in court records that Buchanan said he had cased the retailer specifically to acquire a gun so he could commit "five murders for the cartel." According to court documents, Buchanan claimed that if he carried out all five slayings, the cartel had promised to reward him with a surgery that would give him "a bigger d---."

What's next:

Buchanan, who hails from a suburb just outside Pittsburgh, was booked into Maricopa County jail on charges of armed robbery with a deadly weapon, first-degree burglary, aggravated assault and theft. A judge set his bond at $75,000, and he is scheduled to appear in Maricopa County Superior Court for a status conference on Oct. 30.

Map of where the slashing occurred:

What we don't know:

Investigators have not said what brought the Pennsylvania resident across the country to Mesa, or whether he has a prior criminal history.

The Source: Information in this report was gathered from Mesa Police Department probable cause statements and Maricopa County court records. 

Crime and Public SafetyMesaPennsylvaniaNews

21
 
 

title: "man Accused of Diverting $12.8M From Phoenix Children's Hospital via Fake Fax" url: "https://hoodline.com/2026/10/fugitive-accused-of-diverting-12-8m-from-phoenix-children-s-hospital-via-fake-fax/" author: "David Martinez"


Arizona prosecutors say a man used a forged bank letter to redirect $12.8 million in state Medicaid payments intended for Phoenix Children's Hospital into a bank account he controlled, and as of publication he has not been arrested. A second, smaller scheme allegedly siphoned off more than $458,000 meant for Mayo Clinic Hospital in Phoenix, with that suspect now apprehended in Florida and awaiting return to Arizona.

The Arizona Attorney General's Office filed a direct complaint in Maricopa County Superior Court against Juan Carlos Da Cunha Tcachman, 56, who is charged with fraudulent schemes and artifices and theft of control of property, both Class 2 felonies, according to ABC15 Arizona. Prosecutors allege the scheme began in July 2026, when the Arizona Health Care Cost Containment System — the state's Medicaid program, known as AHCCCS — received a fax appearing to be a legitimate Wells Fargo letter claiming Phoenix Children's Hospital's bank account number had changed effective July 1, 2026.

How the Fraudulent Transfer Slipped Through

An AHCCCS employee approved the electronic funds transfer change after speaking by phone with a person identified only as Michelle, per the station's report. That single verification call opened the door for three payments of $4.29 million each to flow into the fraudulent account, and in total AHCCCS paid out $12,891,725.10 before the scheme was caught, though some funds were later recovered.

A financial review identified Tcachman as the account holder and signer, and investigators say he created the account using a District of Columbia passport. The fraudulent account saw multiple high-value withdrawals in both August and September 2026, the outlet reports.

Undercover Contact and Surveillance Images

Prosecutors made undercover contact with Tcachman on October 3, and he reportedly told them he handled one hundred percent of the account activity without any assistance. He said he expected payments from clients but claimed he did not know the money would come from a government source, and insisted he had no knowledge the deposits originated in Arizona — telling investigators the large incoming payments were tied to an investor he met online, per the same account.

Investigators reviewed Wells Fargo surveillance images showing cash withdrawals in Miami that followed the AHCCCS deposits, and they believe the person captured in those images matches Tcachman's passport photograph. The Arizona Attorney General's Office declined further comment, citing pending cases and ongoing investigations, while AHCCCS likewise declined to comment on pending or ongoing investigations, the article notes.

A Second Scheme Targeting Mayo Clinic

In a related but separate case, prosecutors charged 66-year-old Joao Luiz Malago with fraudulent schemes and artifices and theft of control of property. They allege Malago used forged bank letters and impersonated executive communications to redirect $458,407.08 in AHCCCS payments intended for Mayo Clinic. Mayo Clinic's Phoenix campus is a 368-bed acute care facility that announced a $1.9 billion “Bold. Forward. Unbound.” expansion in March 2025 to expand its clinical capacity, according to Mayo Clinic.

Arizona Attorney General's Office agents apprehended Malago in Florida, and he will be returned to Arizona to face charges. Federal court records reviewed by Monolithik show Malago was previously named in a 2012 Southern District of Florida federal indictment alleging money laundering and drug-trafficking conspiracy tied to a 2007 aircraft crash in Mexico. Prosecutors are seeking warrants in both cases, and both men are charged under Arizona statutes governing fraudulent schemes and theft.

Why the Charges Carry Mandatory Prison Time

Under Arizona Revised Statutes § 13-2310, fraudulent schemes and artifices is a Class 2 felony carrying a presumptive five-year prison sentence and up to 12.5 years for first-time offenders, according to the Arizona State Legislature. Crucially, when the value of the benefit obtained reaches $100,000 or more, state law mandates prison time and removes eligibility for probation or early release — a threshold both the $12.8 million and $458,000 figures in these cases clear many times over.

Separately, Arizona Revised Statutes § 13-1802 classifies theft of property valued at $25,000 or more as a Class 2 felony, while § 13-1801(B) allows prosecutors to aggregate amounts taken in thefts committed under one scheme or course of conduct, per the Tamou Law Group. The Tcachman case involved three separate payments of $4.29 million each.

Part of a Broader Medicaid Fraud Crackdown

The cases land amid a years-long statewide crackdown into an estimated $2.5 billion in alleged AHCCCS Medicaid fraud, which has produced more than 70 indictments and payment suspensions for roughly 100 healthcare providers, as Hoodline previously reported. AHCCCS covers nearly 1.8 million residents — about one in four Arizonans — with state general fund spending increases exceeding $113 million for the current fiscal year.

But this case marks a notable shift from recent high-profile prosecutions, which largely targeted behavioral health clinics billing for services never rendered. Instead, the Tcachman and Malago cases involve direct vendor banking redirection, compromising the payment accounts of two of Arizona's largest hospital systems rather than falsified treatment claims. Phoenix Children's Hospital, based at its 533-bed Thomas Campus, generated $1.73 billion in revenue in 2024, underscoring the stakes of a scheme that intercepted funds meant for its operations.

Just weeks before this case surfaced, state and federal prosecutors had filed other major AHCCCS billing fraud cases, including a September indictment of a Peoria man accused of billing AHCCCS $33 million for fake care. As of publication, Tcachman remains at large, leaving extradition and asset recovery as ongoing focal points in the investigation.

22
 
 

title: "Phoenix congressional candidate said she was raped while fixing campaign signs" url: "https://www.tucsonsentinel.com/local/report/101326_congress_rape/phoenix-congressional-candidate-said-she-was-raped-while-fixing-campaign-signs/" author: "TucsonSentinel.com"


Content warning: This story references incidents of sexual assault.

Bernadette Greene-Placentia, a Democratic candidate for Congress in Arizona, shared publicly for the first time that she was raped while fixing campaign signs over the summer.

Greene-Placentia told her story to the local outlet Phoenix New Times, which published the account on Wednesday.

She said an attacker knocked her out around 2 a.m. on August 14, a date confirmed by the campaign to ABC News, while she was out fixing her campaign signs to avoid the daytime heat and traffic. When Greene-Placentia came to, she said a man was pulling his penis out of her. She said that another man came over and began touching her, but that he backed off after she fought back.

Somehow, she made it home. “I just wanted to forget it,” Greene-Placentia told Phoenix New Times.

Redistricting had impacted the home Greene-Placentia shared with her husband, so she found another place to stay within Arizona’s 8th Congressional District. Her husband and campaign manager told Phoenix New Times that she disappeared for two days after the alleged assault. The only person who saw her those two days was her landlord.

She initially didn’t want to report: “I’d always considered myself a strong person, and so I was embarrassed,” she told a local ABC affiliate in a video interview. But two weeks later she called the Maricopa County Sheriff’s Office and told them what happened.

Rape is chronically underreported. Survivors may not report their assault to law enforcement for any number of reasons, including a fear of retaliation, not believing the police would help and not believing the crime was important enough. Of the rapes that were reported, data from the FBI shows fewer than 1 in 3 rape cases have been cleared since September 2021.

Greene-Placentia is speaking out now, she said, because “I need to let women know that it’s okay to talk about it.”

On Wednesday, a campaign spokesperson told The Guardian: “She chose to share her story because she knows many survivors struggle in silence, and she hopes that by speaking about her experience, others will know they are not alone.”

“She hopes the focus remains on supporting survivors and making sure people who have experienced sexual violence know they are seen, heard and supported.”

The investigation is ongoing. Greene-Placentia said she has struggled to remember details; scientists have shown how severe trauma can impact memory.

There isn’t any confirmation of whether Greene-Placentia’s attackers knew who she was or if the violence was tied to the House race. She was wearing a campaign shirt when she was attacked and was repairing campaign signs, but Greene-Placentia told the local ABC News affiliate that there was no way to know, and that it could have been a crime of opportunity.

The violence may not have been partisan, but gender-based violence is political. Studies have shown that nearly all women lawmakers experience harassment, despite being a smaller portion of representatives, and threats of violence prevent women from running for office.

Politics isn’t her first foray into a field where women are underrepresented. Greene-Placentia is a long-haul trucker and runs her own business. Her campaign platform includes strengthening and fully funding SNAP, supporting abortion rights and expanding paid family leave. She also talks about affordability and increasing border security.

Greene-Placentia is challenging the Republican incumbent Abe Hamadeh. Winning is a long shot; the Cook Political Report rates the district as “Solid Republican.”

Hamadeh’s campaign provided the following statement to ABC News: “I have read the disturbing story and call upon authorities to investigate these serious allegations thoroughly, including finding all possible camera footage of the time and place in order to prosecute the crime to the fullest extent of the law. No American should become a victim of a crime in their own community.”

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title: " hiker struck in the HEAD by falling CACTUS on Scottsdale trail" url: "https://dailydispatch.com/fire-news/arizona/hiker-struck-in-the-head-by-falling-cactus-on-scottsdale-trail-fire-official-says/" author: "Denise Lini"


Home » Fire News » Arizona Fire News » Rescue crews save hiker struck in the head by falling cactus on Scottsdale trail

A falling cactus struck a hiker in the head while on a Scottsdale trail on Oct. 17, the city’s fire department said. Around 7 a.m., the Scottsdale and Phoenix fire department rescue crews were called to Bell Pass Trail after a falling cactus struck a woman in the head. A fire official said crews arrived and found the hiker two miles from the trailhead in steep terrain.

The Scottsdale Fire Department paramedic e-bike teams also arrived and treated the woman. A fire official said crews used a big wheel and utility terrain vehicle to extract the woman from the trail. She was taken to a local trauma center for further evaluation.

KPNX-TV NBC 12 Mesa

View Full Story

24
 
 

title: "Teen found dead in vehicle on Phoenix-area freeway, police say" url: "https://www.azfamily.com/2026/10/18/teen-found-dead-vehicle-phoenix-area-freeway-police-say/" author: "Mitchell Koch"


SCOTTSDALE, AZ (AZFamily) — An investigation is underway after a teenage boy was found dead in a vehicle overnight Friday on an East Valley freeway.

Mesa police said Salt River Police Department officers responded to the Loop 101 Pima Freeway at Chapparal Road for reports of a shooting around 1:40 a.m. on Friday.

When they got to the scene, police found a 16-year-old boy dead in a vehicle. Initial evidence found suggested the boy was shot and killed, Mesa police said.

The teen has not been publicly identified, and police did not provide any possible suspect information.

A 16-year-old was found shot dead in a vehicle on the Loop 101 Pima Freeway at Chapparal Road.(ADOT)

The incident is under active investigation by the Mesa Police Department.

No additional details were provided.

See a spelling or grammatical error in our story? Please click here to report it.

Do you have a photo or video of a breaking news story? Send it to us here with a brief description.

25
 
 

title: "Landmark Phoenix Tower Secures $44.5M for Multi-Tenant Transformation" url: "https://inbusinessphx.com/commercial-real-estate/landmark-phoenix-tower-secures-44-5m-for-multi-tenant-transformation" author: "Nico Pacioni"


Foundation 8, LLC and the practice announced the closing of a $44.5 million loan secured by the office component of 333 N Central Avenue, a landmark mixed-use tower in Downtown Phoenix.

The financed property comprises 246,490 square feet of Class AA office space across the top eight floors of the tower, 2,522 square feet of ground-floor retail space, rooftop amenity rights, and shared access to the building’s parking structure. A separately owned 242-key Westin Hotel occupies the middle portion of the building.

The financing will support Foundation 8’s repositioning of the office space from a historically single-tenant corporate headquarters into a signature multi-tenant office property. Foundation 8 acquired the office component in December 2025 and has since advanced a comprehensive leasing strategy designed to capitalize on the quality of the existing space, its prominent downtown location, and continued demand for high-quality office environments across the Phoenix market.

Originally purpose-built for Freeport-McMoRan, the office space features expansive floor plates, floor-to-ceiling glass, panoramic views of Downtown Phoenix, and institutional-quality building systems. The Property also benefits from the amenities of the broader mixed-use building, including the on-site Westin Hotel, dining, and meeting spaces.

Foundation 8 has engaged Newmark to lead the leasing effort and is actively marketing the Property as a premier office destination in Downtown Phoenix. The business plan also includes targeted enhancements to the Property’s amenity offering to further position it among the market’s top-tier office product.

Hilco Global structured the $44.5 million first mortgage financing to refinance existing acquisition financing and provide additional capital to support leasing costs, tenant improvements, capital improvements, and other costs associated with the execution of Foundation 8’s business plan.

“The opportunity stood out to us given the combination of a high-quality physical asset, a sound basis, and a sponsor with a thoughtful strategy for the Property,” said Noah Apter, Director, Hilco Global Real Estate Capital. “Foundation 8 has extensive experience repositioning and enhancing the value of assets across the Phoenix market and is well positioned to execute its transformative business plan. We enjoyed working with the Foundation 8 team and are excited to see the next chapter of 333 N Central unfold alongside the continued growth of Downtown Phoenix.”

Completed in 2010, 333 N Central Avenue is prominently located in the Downtown Phoenix central business district, with direct access to the Valley Metro Light Rail and proximity to the Phoenix Convention Center, Mortgage Matchup Center, Chase Field, and a growing collection of residential, dining, and entertainment offerings.

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