PureTech Systems, a leader in AI-boosted geospatial video analytics and command-and-control solutions, announced its role in a joint effort with Clear Align to deliver a rapidly deployable perimeter security solution for the U.S. Air Force’s Tactical Security System (TSS). Awarded under a seven-year, $199 million contract, this modular, scalable system is designed to enhance … [More]
Fast-Growing Valley Coffee Co. Files Proposed IPO
Black Rock Coffee Bar, Inc. announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The proposed offering is subject to market and … [More]
Arizonans Are Waiting More Than 8 Years to Buy a Home, According to Study
A new study, conducted by Chicksx, analyzed data from the Bureau of Economic Analysis and the US Census Bureau to determine how long the average earner in each state needs to save for a home. In first place is Hawaii, with housing affordability statistics for 2023 showing that Hawaii homes reach a median value of $846,400. With just $489 left over each month for resident of … [More]
Three Essential Proactive Cybersecurity Strategies to Defend Your Company
Recognizing and managing cybersecurity risk is an essential part of maintaining business operations and retaining the trust of clients, partner organizations and the public. Threats evolve, but these fundamental cybersecurity objectives can help keep your business protected and resilient against cyber-crime. For many businesses, the mandate to secure valuable assets and data … [More]
Networking Group Set for ‘Grand’ Event, Connecting Valley Leaders
Eliances announces their upcoming GRANDtable event, scheduled for September 9, 2025, at 8:30 AM, at ASU SkySong in Scottsdale, AZ. This exclusive event offers unparalleled networking opportunities with billionaires, millionaires, celebrities, founders, investors, inventors, startups, and more. The event will take place at Arizona State University SkySong, Scottsdale, on … [More]
Valley Coalition Advances Black Leadership Pipeline with Three-Month Program, Ninth Phoenix Cohort
The State of Black Arizona invites Black leaders in the Phoenix area to apply for the 2025 African American Leadership Institute. Now in its ninth Phoenix cohort, AALI delivers a transformative three‑month experience (October–December 2025) combining masterclasses, retreats, and field experiences that will focus on Rest, Re‑membering, and Resistance. This year’s theme is … [More]
$296M Acquisition Pushes Real Estate Investment Co. Portfolio to Two Million SF
Last week Southwest Value Partners announced the acquisition of seven premier office properties across the Greater Phoenix Metropolitan Area totaling approximately 1.53 million square feet for a purchase price of $296 million. The assets span key submarkets including Downtown Phoenix, the Camelback Corridor, Scottsdale, Tempe, and Chandler. “This acquisition reflects our … [More]
Cannabis Tech Co. Sets Statewide Deal with Valley Distributor
Mfused, a cannabis technology company specializing in custom smart all-in-one vaporizer devices, announced it has entered into an exclusive licensing deal with Flow Distribution for its Super Fog brand in Arizona. Moving forward, Flow will manage all operations, supply chain and distribution of Super Fog by Mfused products in the state. Mfused will continue to oversee sales, … [More]
AI Driven Recruiting Firm Targets Faster Placements, Disrupting Traditional Staffing Model
Prevail Recruiting, a next-generation staffing agency founded by Ryan Berry, a 15-year recruiting industry veteran, and Max Hansen, seasoned executive search leader, Co-Founder of Prevail Recruiting, and Founder & CEO of Y Scouts, launched with a mission to transform the recruiting landscape and disrupt the traditional staffing agency model. The company pairs advanced … [More]
Gilbert Senior Living Community Changes Hands in $44M Deal
Principal Asset Management and IRA Capital announced the acquisition of American Groves, an institutional Class-A senior living community in Gilbert, a suburb of Phoenix, Arizona, for $44.5 million. The sale was facilitated by JLL Seniors Housing Capital Markets on behalf of the seller, American Care Concepts and Reichmann International Realty Advisors, which developed the … [More]
Chamber Announces Contest for ‘Hottest Thing Made in Arizona’
The Arizona Chamber of Commerce & Industry and the Arizona Manufacturers Council kicked off the third annual Hottest Thing Made in Arizona competition, a statewide contest spotlighting the most innovative products made in the Grand Canyon State. Open to manufacturers of all sizes, from global brands to small businesses and artisan producers, the contest is designed to … [More]
Phoenix City Manager Jeff Barton Announces Retirement
After more than 25 years of dedicated service to the City, Phoenix City Manager Jeff Barton announced his retirement effective on November 14, 2025. The announcement comes after a distinguished career, including the last four years as City Manager. Beginning his career with the City as an internal auditor in 1999, Barton served the City of Phoenix in … [More]
$180M Refinance Announced for Scottsdale’s Four Seasons Resort
Braemar Hotels & Resorts Inc. announced that it has successfully refinanced the existing mortgage loan secured by the Four Seasons Resort Scottsdale at Troon North. The previous loan had a balance of $140 million with an interest rate of SOFR + 3.75% and a final maturity in December 2028. The new non-recourse loan has a balance of $180 million and bears … [More]
City Office REIT Announces $266M First Closing of Phoenix Portfolio Sale
City Office REIT, Inc. announced that it has completed the first closing in the sale of its Phoenix portfolio for gross sale proceeds of $266 million. The sale represents six of the Company's seven properties located in Phoenix. The Company's Pima Center property continues to be under contract at a $30 million gross sales price. Pima Center is expected to close at a later date, … [More]
Global Advanced Manufacturing Co. to Open Tempe Service Center, Easing Supply Chain Concerns
Busch Vacuum Solutions, part of the Busch Group, a global leader in vacuum and overpressure technology, announced the development of its newest U.S. facility, a nearly 60,000-square-foot Arizona Service Center located in Tempe. This strategic expansion underscores Busch’s continued investment in innovation, customer service, and regional growth across North America. The … [More]
Arizona Ranks 10th for Worst Nursing Shortages among States Nationwide
Nursing CEU at CheapNursingCEUs analyzed data from the National Council of State Boards of Nursing on the total number of registered nurses and nurse practitioners in each state. They compared these figures to population data to reveal the number of nurses per 100,000 people in each state. The states with the lowest rate of nurses were identified as having the worst nurse … [More]
American Airlines and STARLUX Partner, Expanding Service Between Phoenix and Taipei
On the heels of the announcement of its new nonstop flights from Phoenix, Arizona to Taipei, STARLUX Airlines revealed another milestone — a partnership with American Airlines. With this new partnership, passengers on both airlines will have convenient access to more routes connecting North America and Taipei. The new Interline Partnership with American creates enhanced … [More]
Phoenix Home Values Could See 20% Correction in New Year, Says Study
Everyone knows real estate is local, and some markets are riskier than others. NewHomeSource examined active listings, affordability, community count, employment growth, homeowner insurance burden, net migration, and price appreciation to determine these are the 11 riskiest markets to buy a house in right now. These are the markets facing the sharpest imbalance … [More]
