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]
Hit Boozy Theater Concept Gets a Gothic Makeover for Fall
Just in time for the spooky season, the creators of the smash-hit Drunk Shakespeare are bringing back "Drunk Dracula" for a limited engagement in Phoenix this fall. Tickets go on sale Aug. 17, with performances running Sept. 24 through Nov. 1. One actor gets drunk, the rest try to survive, and Bram Stoker's classic gets a boozy makeover that's equal parts gothic and Halloween … [More]
Hiring Disconnect Grows as 44% of Companies Report Unfilled Jobs
The hiring process itself may be getting in the way of filling open jobs, as U.S. companies report more unfilled roles, longer timelines and positions closing without a hire while job seekers say automated systems are making it harder to feel heard, according to a newly released Express Employment Professionals-Harris Poll survey. The disconnect comes as 44% of U.S. hiring … [More]
Waymo Expands into East Valley with 55-Square-Mile Addition
Waymo, the world’s largest fully autonomous ride‑hailing service, will expand its Phoenix service area by an additional 55 square miles, bringing its total Valley footprint to more than 350 square miles. Riders can now hail Waymo across several newly added East Valley neighborhoods, including Gilbert, more of Chandler, and out to San Tan Ranch. With Phoenix‑Mesa Gateway … [More]
Upscale California Dining Concept Chooses Fashion Square for First Out-of-State Location
Porta Via, the beloved family of Southern California restaurants known for its seasonal California cuisine, warm hospitality and neighborhood atmosphere, announced plans to open its first restaurant outside California in early 2027 at Scottsdale Fashion Square, one of the nation's premier luxury shopping and lifestyle destinations. The Scottsdale restaurant marks the fifth … [More]
Denver Technology Firm Completes Major Chandler Expansion
All Copy Products, the Denver-based office technology dealership, and its IT division Verticomm, announced the completion of their new 39,000-square-foot office and warehouse facility at 6640 W. Chicago St. The new facility, located in West Chandler, represents a significant upgrade in both scale and capability to match the company’s next 50 years of growth. Of the total … [More]
29-Hangar Aviation Development Gets Green Light in Chandler
The Chandler City Council has unanimously approved a ground lease with a new subsidiary of Vesper Aviation, CHD Curtis East LLC, to build 29 new executive hangars for sale or lease at Chandler Municipal Airport. Vesper Hangars, the new development, will span 113,000 square feet located on the airport's northern boundary, addressing growing regional demand for hangar … [More]
