Saragon, a new U.S. data center company built to serve the growing demand for colocation, high-density computing and AI inference infrastructure, announced its official launch. Backed by up to $1 billion in committed capital from I Squared Capital, a leading global infrastructure investor, Saragon begins operations with ten data centers across nine strategically located U.S. … [More]
Scottsdale Firm Adds 30-Year Construction Leader to Accelerate National Expansion
LaunchPM, a Scottsdale-based commercial project management firm, hires Sean Conry to fill the new position of principal. Company Founder, CEO and Principal, Beth Scarano taps Conry to join her in continuing the company’s increase of national clients and expansion serving new industries. Conry has spent 30 years in commercial construction. He earned a Bachelor of Science in … [More]
New CEO and President to Lead Phoenix Architecture Firm with 25M-SF Portfolio
Cawley Architects has promoted longtime firm leaders Lynette Dreitz Fort (left) to chief executive officer and Rafael Macias (right) to president. The Phoenix-based commercial architecture firm continues to expand its leadership team and strengthen its employee ownership culture, further deepening its long-standing presence in the Valley. Dreitz Fort brings more than 25 years … [More]
Former State Land Commissioner to Oversee $500M Chase Field Renovation
The Maricopa County Stadium District Board of Directors announced the appointment of Mark Winkleman as Executive Director of the Maricopa County Stadium District. Winkleman brings more than four decades of executive, public-sector, real estate, legal and governance experience to the position. As Executive Director, he will serve as the District's chief executive officer and … [More]
$25M Partnership to Establish Nation’s First Medical School Branch on Tribal Land
The University of Arizona and Gila River Health Care, the Gila River Indian Community's tribally operated healthcare system, announced a long-term partnership to establish the nation's first MD-granting medical school branch located on the lands of a sovereign Tribal Nation. The University of Arizona College of Medicine – Phoenix Regional Medical Branch in Sacaton, Arizona, … [More]
Why August Planning Gives Brands an Edge on Holiday Ad Costs
New Billo data shows Meta ad competition rising about 40% and the cost to reach 1,000 impressions climbing roughly 18% between August and the November Black Friday peak. Brands that wait until fall to plan their campaigns enter an auction that is already crowded and expensive, with the outcome largely shaped by creative built weeks earlier. Black Friday and Cyber Monday … [More]
Carvana Replaces 9% Debt in Major $1.66B Financial Reset
Carvana, the e-commerce platform for buying and selling cars, announced the successful upsize and pricing of a Senior Secured Term Loan B Facility in an aggregate principal amount of $1.66 billion. The company intends to use proceeds from the Term Loan B, together with cash on hand, to redeem in full the Company's 9.00% Senior Secured Notes due 2030. Over the past 10 … [More]
Scottsdale Development Leads $100M Push into Tokenized Real Estate Investing
Caliber, a real estate-focused alternative asset manager, today announced that it has gone live with its PURE Pickleball & Padel investment offering as the first real estate investment on its platform to be tokenized. The initiative creates a real-world, practical example of how blockchain-based ownership infrastructure can improve the private real estate investor … [More]
National Advisory Firm Names 30-Year Veteran to Lead Phoenix Office
REDW Advisors & CPAs, a national advisory and accounting firm with more than 375 professionals across the country, has named longtime principal Christopher Tyhurst, CPA, as Phoenix Office Leader. In the role, Tyhurst will serve as the executive leader for REDW’s Phoenix office, strengthening the firm’s relationships throughout Arizona’s business and broader community, and … [More]
Landmark $22.9B Deal to Dramatically Increase Raytheon’s Tomahawk Production
Raytheon, an business, will dramatically accelerate the production of Tomahawk cruise missiles for the U.S. Navy over the multi-year period under the terms of an unprecedented $22.9 billion contract, awarded as part of the Department of War's Arsenal of Freedom. This contract follows the landmark agreements between Raytheon and the Department of War and supports the annual … [More]
$1M Investment Launches Phoenix Children’s Pursuit of Prestigious Magnet Designation
Phoenix Children's is launching its Journey to Magnet, a multi-year enterprise initiative designed to advance nursing excellence, strengthen patient outcomes and further elevate the quality of care delivered to children and families across Arizona. To celebrate, PCH50 is making a $1 million investment to support the organization’s ongoing pursuit of Magnet designation through … [More]
New Workforce Training Targets Burnout, Communication in Nursing
University of Phoenix has launched Nursing Communication and Resilience, a new professional development training pathway designed to help healthcare organizations strengthen communication skills, support workforce resilience and equip nursing teams with practical tools for navigating high-pressure care environments. "As healthcare organizations continue to support employees … [More]
Defense Manufacturer Secures $360M to Support Mesa Factory Growth
Hadrian, the advanced manufacturing company building highly automated factories for America, announced the closing of a $360 million revolving credit facility. This facility allows Hadrian to further invest in the advanced manufacturing infrastructure, machinery, and related hardware needed to achieve its production goals. The financing was arranged by a leading group of … [More]
Growing Phoenix Coffee Brand Picks Arcadia for 21st Valley Location
PRESS Coffee, the Phoenix-based specialty coffee roaster, will open its new Camelview location inside an Arcadia office building at 5090 40th St. The café will celebrate its grand opening Saturday and Sunday, Sept. 12-13, with complimentary treats, giveaways and other weekend festivities for guests. The new café will be PRESS Coffee’s 21st location across the Valley, bringing … [More]
$250K Investment Launches Walmart’s Multi-Year Phoenix Workforce Initiative
Walmart announced a multi-year workforce development grant in Phoenix as part of a broader effort to help workers build skills, connect to quality jobs and advance their careers in a labor market being reshaped by artificial intelligence and other technological change. Over the next five years, Walmart and Walmart Foundation aim to help workers across select communities move … [More]
Upscale 168-Room Hotel Planned for Tempe Innovation District
Novus Innovation Corridor, a multi-phase mixed-use development spanning 355 acres integrated with Arizona State University’s largest campus, will add an upscale hotel in the heart of its main street entertainment district. The seven-story, 116,855-square-foot property at Novus Place and Packard Drive will be part of Marriott Bonvoy’s Tribute Portfolio, a growing global family … [More]
New Community to Bring 214 Single-Family Rentals to West Valley
NexMetro Communities, a developer of cottage-style, build-to-rent (BTR) home neighborhoods, is opening its 26th Avilla Homes project in the greater Phoenix metropolitan area, marking more than a decade of continuous development in the market. Avilla Marigold features 214 single-level, mostly detached, cottage-style homes, offering one-, two-, and three-bedroom floor plans with … [More]
Veteran Banker Takes Over Arizona Operations for Growing Financial Firm
Alerus announced Derek Holt has joined the company as senior vice president and Arizona market president. In this role, he will lead the Arizona commercial and industrial banking team in delivering high-touch, personalized service to existing clients, develops new business relationships, and ensures seamless access to Alerus’ comprehensive financial solutions to support … [More]
