The median U.S. asking rent fell 0.6% year over year to $1,995 in May—the largest annual decline since March 2020—according to a new report from Redfin, the technology-powered real estate brokerage. That compares with a near-record 16.5% increase one year earlier. May’s drop also represented the first annual decline since March 2020 on a revised basis. The median … [More]
Sundt Construction Names Richard McDonald as New Sustainability Director
Sundt Construction recently hired Richard McDonald as its Sustainability Director to implement and maintain sustainability initiatives and serve as a sustainable construction expert for Sundt employee-owners. “Sundt has long been an advocate of sustainable business practices and a trusted partner for our clients as they pursue their own sustainability goals,” said Teri … [More]
WEBINAR – Jun 27: How to Avoid the Top 10 Legal Mistakes That Destroy Businesses
UPCOMING SESSIONS Join us for the upcoming Small Business Boot Camp virtual webinars and monthly workshops. If you've missed past sessions, watch here. How to Avoid the Top 10 Legal Mistakes That Destroy Businesses 06/27/2023 | 9:00 AM A common mistake small business owners make is putting off legal issues as the business grows. Although it is … [More]
KORE Power Receives Conditional Commitment for $850M for Advanced Battery Manufacturing at Buckeye Facility
KORE Power, Inc. has received a conditional commitment from the U.S. Department of Energy’s Loan Programs Office (LPO) for a loan in the principal amount of $850 million under the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program. The loan will be used to fund the construction of KORE’s advanced battery cell manufacturing facility in Buckeye, Arizona. The … [More]
6 Ways AI Can Help Businesses Retain Customers
Poor service costs businesses worldwide an estimated $4.7 trillion each year¹, meaning providing a good consumer experience is key to a company's success. As discussion grows about the role of AI, Sweep.io have shared six benefits AI can have in improving customer experience. Six benefits of AI for customer experience: 1. Reduces workload AI chatbots can answer … [More]
Kentwood Ventures Lands $38M for Phoenix Project
Kentwood Ventures has received $38 million in financing for the development of KV Casa Grande, a 314,453-square-foot speculative industrial building in Casa Grande, Ariz. JLL Capital Markets worked on behalf of the borrower to secure a $23 million loan through CrossFirst Bank and $15 million in joint venture equity through Blue Vista Capital Management. The Class A … [More]
Arizona-Based Autism Provider Opens New Clinic Offering Applied Behavior Analysis Therapy in Gilbert
In a move that will improve access to in-demand autism care for Arizona families, Axis for Autism has launched applied behavior analysis (ABA) therapy and opened a new clinic offering ABA as well as autism diagnostic services at 2451 E. Baseline Road, Suite 420, in Gilbert. The healthcare company, whose care model has drastically cut wait times for autism evaluations, … [More]
Helios Education Foundation Grants $950K to Education and Workforce Initiative
The Helios Education Foundation awarded a $950,000 grant over two years to the Greater Phoenix Chamber Foundation’s (the Foundation) education initiative, ElevateEdAZ, to help expand dual enrollment. ElevateEdAZ works to align education to workforce learning pathways with the needs of Arizona’s leading industries. The primary objectives include increasing the number of students … [More]
Local Breakfast Concept to Open Eleventh Valley Location
Local breakfast restaurant Over Easy announced the opening of its newest location in Chandler. The new 3,000 square foot restaurant is set to open its doors on Saturday, June 24, 2023. “We are thrilled to be opening our 11th location in Arizona in the west Chandler area,” says Brian Terpay, COO of Over Easy. “We are grateful for the public’s support of Over Easy and look … [More]
Supply Shortage Worsens, Propping Up Prices as Phoenix Home-Sale Prices Decline 7.9%
New listings of homes for sale fell 25% year over year to their lowest level of any early June on record. That’s according to a new report from Redfin, the technology-powered real estate brokerage, which analyzed new listings of homes for sale during the four weeks ending June 4. The continued lack of new listings has pushed the total number of homes on the market down 5% … [More]
Vestar Commences Construction at The Shops at Lake Pleasant in Peoria
Vestar, the largest privately held shopping center owner and manager in the western United States is proud to announce construction has begun on The Shops at Lake Pleasant, in Peoria. Located at the northeast corner of Happy Valley Road and Lake Pleasant Parkway, Vestar will develop approximately 90,000 square-feet of retail and restaurant space at The Shops at Lake … [More]
SUMMIT – June 27: E-Mobility and Clean Energy Summit
UPCOMING EVENTS The SBIR training program is a series of webinars that provide entrepreneurs, small business owners, and startups with local resources and mentors to apply for funding through the Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs. E-Mobility and Clean Energy Summit 06/27/2023 | … [More]
Tower Capital Announces $120.5M in Financing for Two Build-to-Rent Communities in Phoenix Market
Tower Capital, one of the nation’s leading structured finance firms in the commercial real estate lending space, arranged $120.5 million in financing for two Build-to-Rent (BTR) communities in the Phoenix market. The lease-up bridge and construction financing is for the newly developed Village at Pioneer Park, a 332-unit project, and Village at Skyline Ranch, a 167-unit … [More]
Sound Design Co. Launches Soundscapes Library for Wellness in the Workplace
Spatial, a leading provider of immersive sound solutions, launched their soundscapes library designed for wellness in the workplace and commercial environments. With years of experience, Spatial's team of in-house sound designers in collaboration with creative content experts have curated a comprehensive collection of targeted soundscapes that cater to a wide range of … [More]
Adding Color and Curb Appeal to Arizona Development
As the development of multi-family housing skyrockets in Arizona, we risk creating a desert skyline of monolithic, monochromatic and cold structures. Sixteen thousand new apartments are in the pipeline, and more are coming. The current administration and Congress have earmarked tens of billions of dollars in subsidies to attract tech, higher ed and other businesses to the … [More]
EPA Awards UArizona $10M for New Environmental Justice Center
The Environmental Protection Agency (EPA) awarded $10 million to the University of Arizona to fund the Western Environmental Science Technical Assistance Center for Environmental Justice, or WEST EJ Center, for five years. The EPA’s promise of clean air, land and water has not reached many historically marginalized communities due to a complex interaction of physical, social … [More]
Phoenix-Based Capital Equipment Co. Sets New Industry Standard for Semiconductor Manufacturing
CollabraTech Solutions, a full-service capital equipment company, has announced the latest evolution of its Liquid Chemical Delivery System, which addresses the challenging logistical component lead times facing the market and the pain points experienced by customers designing semiconductor applications. With an industry-leading lead time of just 20 weeks, these … [More]
Arizona Wins Third Consecutive Gold Shovel Award; TSMC’s $40B Investment in Phoenix Wins ‘Manufacturing Project of the Year’
Arizona was awarded a prestigious “Gold Shovel” award from Area Development Magazine in the 6-10 million population category, marking the state’s third consecutive gold shovel. Considering economic development projects that were announced, commenced construction or operations in 2022, the Shovel Awards recognize states that “garnered large job-creating and investment projects … [More]
