U.S. Housing Market Moves Closer to Favoring Buyers; Sellers’ Markets Show No Sign of Slowing Down

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The U.S. housing market moved further in the direction of buyers last month as the markets that cooled the fastest in response to quickly rising interest rates and home prices continued to moderate, according to the Knock Buyer-Seller Market Index released today. At the same time, many of today's seller strongholds show no sign of slowing down and some are expected to gain … [More]

Capital Raise of $75M Is Milestone for Construction of KOREPlex, the Lithium-ion Battery Gigafactory Scheduled to Break Ground in Arizona Q4 2022

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KORE Power, Inc. has closed the initial $75 million tranche of a private placement (the “Financing”) anticipated to total $150 million. Siemens Financial Services was the lead investor and was joined by Quanta Services with additional strategic partners including Nidec Motor Corporation, Honeywell Ventures, Trog Hawley Capital and a leading utility scale energy storage … [More]

Tempe City Council Unanimously Approves Tempe Entertainment District Agreement with Developer

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Residents are likely to get the opportunity to vote on the Tempe Entertainment District, now that the Tempe City Council has approved key aspects of the plan. The Arizona Coyotes have pledged to collect the needed petition signatures to refer the project to the ballot as soon as May 16, 2023. If voters approve, the 46-acre project could be built with a planned Coyotes … [More]

How Can Your Business Transform in an Uncertain Economy? Use Fear as Fuel

by Ali Davachi

When you’re in a tough spot – personally or professionally – and not sure of where to go or what to do, you need to look within at your fear. And then you need to use it as fuel to realize your goals. Most of us experience fear as being friction, getting in the way of making clear-headed decisions or even taking action. Let’s face it: Big change can be intimidating, and there … [More]

ASU and Mexico Partner to Boost Semiconductor Production in North America

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Arizona State University will be working with higher education institutions in Mexico, along with microelectronics industry partners, to boost the production of semiconductors in North America and address a crucial national security issue. Recently, ASU President Michael Crow signed a memorandum of understanding with Esteban Moctezuma Barragán, the Mexican ambassador to the … [More]

New Phoenix-Based Bank Obtains SBA Approval

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Integro Bank announced that it obtained approval from the U.S. Small Business Administration (SBA) as an approved lender in the federal SBA 7(a) Loan Guarantee Program. The bank now has a fully staffed 6-person SBA department and is accepting loan applications from small business owners for both SBA 7(a) and 504 loans. With $31 million in equity, the bank is able to provide as … [More]

Investment Firm Acquires Kierland 2 in North Scottsdale

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Vero A2R, the Dallas-based office investment platform of Vero Capital (formerly Admiral Capital), announced the acquisition of Kierland 2, and the contribution of Kierland 1 from affiliated funds to create a 410,000-square-foot Class A office campus in the North Scottsdale submarket of Phoenix, Ariz. Vero A2R plans to deploy over $29 million in capital improvements … [More]

Phoenix-Based E-Bike Brand Offers Viable Urban Transportation Solution Despite Inflation and Supply Chain Disruptions

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With rising costs of living and rising energy costs present on a global scale, a single EV company – the fastest growing e-bike brand in the U.S. – defies the odds of imminent recession by presenting a viable urban transportation solution that addresses both crises. Lectric eBikes, founded in 2019 by Levi Conlow and his business partner Robby Deziel, has grown from a small … [More]

Valley Healthcare Co. to Advance Access to Quality Healthcare for Northern Arizona Communities

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PathfinderHealth, an affiliate of Northern Arizona Healthcare (NAH), announced a partnership with Equality Health, a leading provider of value-based physician networks uniquely equipped to address the needs of diverse and historically underserved populations. Effective Jan. 1, 2023, the partnership will bring improved patient and provider services to PathfinderHealth primary … [More]

Super Bowl Music Fest Returns with Music’s Biggest Names, Feb. 9-11

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On Location, the official hospitality partner of the National Football League ("NFL" or "The League"), and Bud Light, the official beer sponsor of the NFL, today announce the return of the Bud Light Super Bowl Music Fest. Celebrating its fourth year, the three-night festival connects the city of Phoenix with the football and music communities as part of the festivities … [More]

Leading CX Technology Co. Launches Thought Leadership Training

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Digital Air Strike, the leading consumer engagement and customer experience technology company, is providing several unique, once-in-a-lifetime experiences for business leaders and entrepreneurs to receive a competitive edge to handle whatever comes their way in 2023. Digital Air Strike is excited to bring Limitless Minds Founder and CEO Harry Wilson to the leading automotive … [More]

Should You Send the Boss (and Former Boss) a Holiday E-Card?

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As the holiday season approaches, a particularly relevant question is whether it is a good idea to send the boss (and former boss whom you will need for a good reference sooner or later) a greeting card. If so, is it okay to forego the traditional “snail-mailed” greeting card, in favor of a state-of-the-art e-card/social media greeting? First, note that job … [More]

Workspace Opens as Opportunity Zone Growth Continues in Downtown Mesa

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Caliber, a fully integrated alternative asset manager and Opportunity Zone investor, and flexible workspace leader Expansive® today announced the opening of Expansive Mesa at Newberry Station at 114 West Main in Mesa, AZ. Opened in partnership, this 20,000 square foot workspace is poised to play a key role at the heart of Mesa's burgeoning Innovation District. Featuring private … [More]

U.S. Mortgage Delinquencies Remain Near Historic Low in September

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CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for September 2022. For the month of September, 2.8% of all mortgages in the U.S. (approximately 1.4 million loans) were in some stage of delinquency (30 days or more past due, including those in foreclosure), … [More]

Semiconductor Chemical Manufacturing Facility Announced for Casa Grande

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The KPCT Advanced Chemicals, a joint venture between Kanto Group, a leading semiconductor chemical supplier based in Taiwan and Chemtrade Logistics Inc., the leading North American producer of electronic grade sulfuric acid, announced today plans to build an electronic grade sulphuric acid manufacturing plant in Casa Grande, Arizona. The site will occupy 10 acres and is … [More]

Joint Venture Partnership Buys 382-Unit Garden Apartment Building in Phoenix

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FCP and joint venture partner Avanti Residential announce the $65 million acquisition of Omnia on Thomas, a 382-unit garden apartment community at 1645 E. Thomas Road in Phoenix, AZ. Omnia on Thomas represents FCP's third multifamily investment in Phoenix and the second time partnering with Avanti after an initial joint venture in Colorado earlier this year. "FCP is excited … [More]

New Sky Harbor Airline Offering Lowest Fares Ever on Cyber Monday

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Breeze Airways, the Seriously Nice™ low-fare airline founded by aviation entrepreneur David Neeleman, will be offering its lowest fares ever, just $25* one way, on Cyber Monday -- for one day only. The $25 fares are available only when booking a new reservation and Guests must purchase flights by 11:59pm ET on Cyber Monday, for travel from January 4 through February … [More]

Changing Perceptions of Cannabis Boost Community Impact of Dispensaries

by Eivan Shahara

Cannabis use in Arizona has come a long way. From the early days when the state legalized medical marijuana use and possession in 2010, to recreational use in 2020, and now looking ahead at upcoming milestones, there has been a drastic change in the way cannabis is perceived. About a decade ago, having a dispensary in the neighborhood was a harrowing thought for some … [More]

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