The pandemic brought into sharp focus the importance of having a healthy and functioning supply chain, that critical system by which goods are delivered from factories to doorsteps. But how does the process work in reverse, when items are returned and sent back? And what happens to the returned items? The NAIOP Research Foundation released a new report on reverse logistics … [More]
New Real Estate Investment Firm Opens Phoenix Headquarters
Lukrom, a local real estate investment firm, announced the recent opening of their corporate headquarters located at 44th Street and Camelback Road in Phoenix. Specializing in private lending and real estate investment opportunities for accredited investors, Lukrom is poised to add value to the local real estate community. Founded by U.S. Navy veteran, Thomas McPherson, Lukrom … [More]
New Art Acquisition to Expand Phoenix Art Museum Collection
The Men’s Arts Council (MAC), a nonprofit member organization of Valley philanthropists dedicated to supporting Phoenix Art Museum’s community-outreach programs through annual giving, has selected four components of artist collective Postcommodity’s artwork Repellent Fence/Valla Repelente (2015) to receive MAC funding earmarked for a new Museum acquisition. The large-scale … [More]
Oregon-Based Bank Targets Arizona for Expansion with the Opening of Three New Branches
Umpqua Bank, a subsidiary of Columbia Banking System, Inc., announced its continued expansion across the West with two new branch openings in Phoenix and Scottsdale, and a third Arizona location in Mesa planned for later this year. Expansion of the bank's retail network into Arizona follows the successful launch of its middle market banking presence in 2021. "Arizona is a … [More]
Data Center Developer Plans New Data Center Region in Phoenix
5C Data Centers, a provider of state-of-the-art data center services, has announced plans to launch a new region in Phoenix, Arizona. The first facility in the region, PHX01, is scheduled to go live in 2025. Located in one of the fastest growing hyperscale data center regions in North America, and within miles of downtown Phoenix, the first data center will comprise 140,000 … [More]
The AI Overwhelm: How to Avoid Burnout and Stay Productive
As generative AI tools are constantly “learning” and becoming more sophisticated, business owners and marketers must also continuously learn how to use those tools most effectively and efficiently. I recently decided to dive into Claude, an AI assistant, for some custom XML prompts to get higher-quality outputs from AI. As someone who isn't a tech newbie, I was optimistic. But … [More]
Healthcare Co. Marks One-Year Milestone of Care Model
Denova Collaborative Health, Arizona’s largest provider of behavioral health services, is marking the one-year milestone of its groundbreaking same-day, next-day behavioral healthcare initiative. While Denova has a 40-year history of serving Arizona residents, within the last year, the company provided treatment for over 36,000 individual patients. This achievement is … [More]
National Residential Real Estate Brokerage Expands Presence in Key Arizona Markets
Compass, the largest residential real estate brokerage in the United States by sales volume1, announces it has strengthened its presence in Arizona with the addition of the strongest independent brand in the state, North & Co. This cements the company's position as the number one brokerage for luxury residential sales in the state, just 18 months after entering the … [More]
Reimagined Paradise Valley Mall Sets Opening Date of First Residential Property
AVE, the residential real estate brand of Korman Communities, in partnership with RXR, announces the opening date of AVE Paradise Valley (12400 North Tatum Boulevard), a new elevated apartment community located in the reimagined Paradise Valley Mall development. The property will open on Nov. 15, 2024, and is now accepting applications. The state-of-the-art, mid-rise building … [More]
Iconic Mall Set for Demolition, Redevelopment Begins Soon
Phoenix’s most iconic mall is on its way to becoming the largest mall redevelopment project in Arizona’s history. Concord Wilshire Capital and TLG Investment Partners, the Developer, announced that the Abatement and Demolition of the Metrocenter Mall, including the Dillard’s and U-Haul Buildings (formerly Macy’s), have commenced, and it has formed a partnership with Diversified … [More]
Governor Hobbs Announces Nearly $8 Million to Support Arizona Small Businesses
Arizona Commerce Authority awarded Department of Treasury Grant to provide critical support to small businesses
Governor Katie Hobbs and the Arizona Commerce Authority announced Arizona will receive a $7.9 million grant from the U.S. Department of Treasury as part of their State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP). Since taking office, Governor Hobbs has met with countless small business owners and understands the need … [More]
Shopping Center Partners with Autonomous Vehicle Co. to Enhance Shopper Experience
Tempe Marketplace and Vestar announce the official partnership with Waymo, the Valley’s autonomous vehicle technology company. With the determination to continually enhance the guest experience, this collaboration allows Vestar to provide brand-new, innovative opportunities to shoppers and visitors of the popular Tempe destination. In addition to the new partnership, Tempe … [More]
Venture Capital Firm Launches with Four Initial Investments in Disruptive Healthcare Technologies and FemTech Solutions
Bayless Ventures, a new venture capital firm founded by Valley healthcare entrepreneur Justin Bayless, announces its launch with four initial investments. Dedicated to supporting underrepresented entrepreneurs, Bayless Ventures aims to drive transformative change in healthcare. "For over 40 years, Bayless Integrated Healthcare disrupted the healthcare industry with … [More]
Home Builder Breaks Ground on 90 Homesites for a New ‘High Performance’ Mesa Community
Landsea Homes Corporation, a publicly traded residential home builder, announced that it has begun development on 90 homes for a new community called Rialta in Mesa, Arizona. “The groundbreaking of Rialta extends Landsea Homes’ presence in a highly sought after location within the City of Mesa,” said Todd Condon, Arizona Division Vice President of Sales and Marketing, … [More]
Camby Hotel Opens All-New Restaurant Offering a Taste of the Southwest
The Camby, an established and sophisticated hotel in the heart of the Phoenix Biltmore neighborhood, announces a comprehensive renovation and launching an all-new restaurant concept, Yellowbell. The reimagination of both draw inspiration from the natural beauty of Arizona and Camelback Mountain, the hotel’s namesake, celebrating everything that makes Phoenix unique – its … [More]
White House, DOD Officials Award $29.6.M for 5 SWAP Hub Projects at ASU
CHIPS Act investment powers collaborative effort to advance US microelectronics manufacturing
White House and U.S. Department of Defense officials joined industry and university partners at Arizona State University to spotlight five new investments announced this week to help strengthen the nation's chip-making capabilities and reduce dependency on foreign sources of microelectronics. The five new projects were awarded millions under the CHIPS and Science Act-funded … [More]
CRE Firm Closes on Key Industrial Property in Burgeoning Phoenix Submarket
Stos Partners, a leading commercial real estate investment and management firm specializing in the value-add space, announces its closing of 236 and 240 North 48th Avenue in Phoenix. The 5.3-acre property includes two freestanding industrial warehouse buildings totaling 94,836 square feet. The transaction marks Stos Partners’ seventh industrial acquisition in Phoenix as the … [More]
Mayo Is Building the Future of Education and Research in Arizona
Arizona. Bold. Forward. is Mayo Clinic's largest and most visionary campus expansion project to date. The Integrated Education and Research Building marks the conclusion of this monumental capital expansion that more than doubled the campus square-footage and offers expanded capacity and new capabilities. A defining hallmark of Arizona. Bold. Forward. is the 150,000-square-foot … [More]
