Ryan Companies US, Inc. together with Principal Asset Management, announces it has secured major leasing commitments at Queens Crossing at Chandler Airpark, a Class-A industrial business park totaling 437,547 square feet across three buildings in Chandler, Arizona. Building A, encompassing 94,072 square feet, has been leased in its entirety to OEG, a premier electrical and … [More]
Arizona-Founded Fintech Platform Secures $12M for Expansion
Pathfinder Card, a financial technology platform built to simplify how families access and use Education Savings Account (ESA) funds, today announced a $12 million Series A led by Portage Ventures, with participation from Reach Capital, Gradient and Stand Together Ventures Lab. The round brings Pathfinder’s total funding to $16 million, including a $4 million seed round co-led … [More]
$372M Scottsdale Resort Sale Closes at $104M above 2022 Purchase Price
Braemar Hotels & Resorts Inc. has completed the $372 million sale of the 210-room Four Seasons Resort Scottsdale at Troon North to global investment firm Sixth Street, closing a transaction that will help fund the seller’s separation from its external advisor, Ashford Inc. The price amounts to approximately $1.8 million per room. The closing follows the sale agreement … [More]
National Cloud Operator Acquires Phoenix Firm’s U.S. VMware Business
Expedient, a Cloud Service Provider delivering Intelligent Infrastructure for the AI era, announced it has acquired the U.S. managed VMware cloud business of phoenixNAP, a Phoenix-based global IT services provider. The transaction covers phoenixNAP's managed VMware cloud services business and Veeam-based backup and disaster recovery as a service (DRaaS) business, serving U.S. … [More]
Global Golf Management Firm Completes 60,510-SF Headquarters Buildout in Scottsdale
Wespac Construction has completed a 60,510 SF corporate workplace for Troon at Kierland II in Scottsdale, Arizona. Located on the building’s fourth floor, the new space brings together executive, meeting, collaboration, and employee areas designed around Troon’s day-to-day operations and long-term workplace needs. Wespac served as general contractor for the project, working … [More]
Arizona Chipmaker Targets AI Market with $600M Acquisition
onsemi announced that it has entered into an agreement to acquire Ferric, Inc., an innovator in integrated voltage regulator technology, for $600 million in cash, plus up to $175 million in contingent consideration upon achievement of certain revenue milestones. The acquisition will strengthen onsemi's leadership in power delivery to AI processors by adding … [More]
722-Unit Tempe Lakefront Community Adds Hotel Component with December Opening
Placemakr, a flexible-use hospitality and multifamily platform, today announced the launch of its second Arizona location, Placemakr Tempe, Apartments by Hilton, to serve growing leisure and business travel demand in the area. The opening builds on Placemakr's partnership with Hilton as part of the Apartment Collection by Hilton brand, pairing Placemakr's apartment-hotel … [More]
Engineering Team Selected to Evaluate Proposed Arizona Water Desalination Project
Arcadis, the company delivering sustainable design, engineering, and consultancy solutions for natural and built assets, announced that it will serve as the lead engineering firm supporting the study of the proposed Northern Gulf of California Desalination Project concept. Working alongside Sacyr Water and the wider project team, Arcadis will provide engineering and technical … [More]
Top-Performing Avondale Dealership Acquired by National Auto Group
Ken Garff Automotive Group announced the acquisition of two top-performing Toyota dealerships in the country - Avondale Toyota in Arizona, and One Toyota of Oakland in California. “Acquiring these two highly successful Toyota dealerships is an exciting opportunity to deepen our presence in markets where we already have a strong foundation,” said Brett Hopkins, CEO, Ken Garff … [More]
Who Pays for the Power behind Arizona’s Next Wave of Growth?
Arizona Public Service has filed its 2026 Integrated Resource Plan with the Arizona Corporation Commission, reflecting the Company’s focus on providing customers with reliable, affordable electricity as business and residential energy demand grows at record levels. APS evaluated a range of possible scenarios and resource options to develop a strategy to meet demand while … [More]
