Phoenix-based Hospitality Capital Partners along with its equity partner National Property Advisors have acquired a portfolio of five hotels totaling more than 665 rooms from Service Properties Trust for $72 million as part of a larger NPA transaction. The transaction, which closed on Dec. 4, expands HCP's footprint in key Arizona markets, including Metropolitan Phoenix and … [More]
Bank Adds Cybersecurity and Risk Experts to Board as Assets Near $100B
Western Alliance Bancorporation announced the appointment of two distinguished leaders to its Board of Directors, adding sizable expertise in the key areas of cybersecurity and risk management as the organization nears the $100 billion asset threshold. Joining the Board are Dr. Michael Papay, a recognized cybersecurity authority and former head of Technology Risk and … [More]
Communications Technology Firm Establishes New Regional Production Center in Phoenix
Doxim, a communications management provider serving highly regulated markets, announced the official opening of its West Coast communications hub, Doxim Phoenix, a new state-of-the-art facility located in Phoenix, Arizona. This facility offers Doxim greater flexibility to better meet the needs of its clients in all channels within this evolving marketplace. The new site … [More]
Roosevelt Row Brewery Debuts With Arizona-Inspired Beers and Full Kitchen
Formation Brewing is officially open at 925 N. Fifth Street on Roosevelt Row. The locally rooted brewery invites guests to experience craft beer, inventive food and community in one of Phoenix’s most vibrant neighborhoods. The 10,000-square-foot space is designed to bring people together, with a central sunken seating area, a 19-tank brewhouse offering views of the brewing … [More]
Stalled Uptown Tower Trades Hands, Restarting One of Phoenix’s Highest-Profile Conversions
After nearly five years in limbo and millions of dollars wrapped in a stalled redevelopment, One Camelback has a new owner and a new trajectory. Kinella Capital, LLC led by Founder and CEO TK Stratton, has officially taken over the prominent office-to-residential conversion at Central Avenue and Camelback Road. With the acquisition, Kinella has begun stabilizing the property … [More]
Phoenix Adds Two Deputy City Managers, Completing Executive Leadership Team
Phoenix City Manager Ed Zuercher announced the appointment of Cynthia Aguilar and Frank McCune as Deputy City Managers, filling the final open positions on the City’s executive leadership team. "Cynthia and Frank bring decades of experience, proven leadership, and deep commitment to the City of Phoenix," said City Manager Ed Zuercher. "Their appointments strengthen our … [More]
State Issues First Groundwater Credits, Opening New Path for Housing Growth
Governor Katie Hobbs announced Arizona’s first issuance of Groundwater Savings Credits, granted under the state’s landmark “Ag-to-Urban” Groundwater Conservation Program. The approval of these Groundwater Savings Credits provide enough water for 825 new homes to be built and will save over 437 million gallons per year compared to the land’s historic agricultural use - an 80% … [More]
New Data Shows Broad Population Gains Supporting Business Growth Statewide
Arizona continues to experience robust population growth, fueling gains in both the labor force and the broader economy. According to newly released estimates from the Arizona Office of Economic Opportunity, Arizona added 97,044 residents between July 1, 2024, and July 1, 2025, representing a growth rate of 1.2%. Arizona’s continued growth underscores its appeal as a … [More]
$300K Disbursed to Bolster Arts, Education, and Family Support across Phoenix
UMB Bank, a subsidiary of UMB Financial Corporation announced a total donation of $300,000 to support three nonprofit organizations serving the Phoenix community. This is part of UMB’s annual corporate charitable donations that support a range of nonprofit organizations across its national footprint. To date, UMB has donated $6.4 million in 2025. “We’re building something … [More]
Small Business Optimism Ticks Up as Hiring Plans Hit Year’s High
The NFIB Small Business Optimism Index rose 0.8 points in November to 99.0 and remained above its 52-year average of 98. Of the 10 Optimism Index components, six increased, three decreased, and one was unchanged. An increase in those expecting real sales to be higher contributed most to the rise in the Optimism Index. The Uncertainty Index rose 3 points from October to 91. An … [More]
Fleet-Safety Provider Adds AI Compliance Tools
PrePass, a leader in integrated weigh-station bypass, toll payment, safety, and compliance solutions, announced the acquisition of FleetDrive 360, a provider of FMCSA and DOT compliance technology for fleets. By integrating FleetDrive 360's AI-driven compliance platform, PrePass will deliver a unified compliance and safety ecosystem, replacing the spreadsheets, disconnected … [More]
Valley Education Partnership Boosts Talent Pipeline for High-Demand Nursing Roles
In a shared commitment to advancing nursing education and expanding opportunities for the next generation of healthcare leaders, Arizona College of Nursing and American College of Education announced a new academic partnership designed to support students, alumni, and employees in their pursuit of graduate-level nursing degrees. Through this collaboration, graduates of AZCN's … [More]
Developer Secures 27 Acres for $80M Logistics Park in High-Demand 101 Corridor
Provident Industrial, a division of Dallas-based Provident, has acquired 27 acres in Phoenix, Arizona, for the development of Aldea Exchange, a three-building Class A industrial park. Located at the Southwest corner of North 99th Avenue and W. Montebello Avenue, the site is positioned at the heart of the 101 Corridor within Phoenix's Southwest Valley submarket and offers … [More]
National Compliance and Screening Firm Names New President amid Expansion Push
Universal Background Screening, a leading provider of background screening and compliance solutions, announced the appointment of Val Poltorak as President. Poltorak brings an extensive background in SaaS, FinTech, and regulated industries, along with a distinguished record of driving growth, operational excellence, and customer-centric innovation across dynamic, … [More]
National Finance Platform Chooses Phoenix for Major Southwest Expansion
LiveFlow, the leading multi-entity finance platform, announced its official launch in Phoenix, Arizona, marking a major expansion into the Southwest and underscoring the company’s rapidly accelerating national growth. The launch includes a bold citywide billboard campaign and exclusive events designed for CFOs, Controllers, and Finance Executives across the region. LiveFlow … [More]
Mesa Lands Another Extended-Stay Development as Region’s Tech and Workforce Growth Accelerates
LivAway Suites, a modern extended-stay hotel brand, is expanding its Arizona presence, as a new LivAway Suites branded hotel has officially broken ground in Mesa, Arizona. This project marks the fifth LivAway Suites location in Arizona and one of many new LivAway Suites branded hotels underway across the country, reinforcing LivAway Suites' position as one of the nation's … [More]
140 Years After Its Territorial-Era Start, One of the West’s Largest Law Firms Looks Ahead
Fennemore, one of the fastest-growing Am Law 200 firms in the country, is celebrating 140 years of advancing what’s next in the legal profession. The firm is looking ahead—building new technologies, investing in its people, and creating solutions that help today’s businesses move forward. Founded in 1885 in the Arizona Territory with just two lawyers, the firm has grown to 375 … [More]
Ten Years On, Real Estate Firm Highlights Phoenix’s Population Surge and Industrial Upswing
Kidder Mathews, the largest fully independent commercial real estate firm in the Western U.S., is celebrating its 10-year anniversary in Phoenix. To mark the milestone, the firm hosted its Phoenix 10 Conference—bringing together nearly 150 clients, colleagues, and industry leaders to discuss construction, lending, and development trends shaping the region. Panel discussions … [More]
