Some homebuyers are retreating back to the sidelines as mortgage rates ascend toward 7%, according to a new report from Redfin, the technology-powered real estate brokerage. Redfin’s Homebuyer Demand Index—a measure of requests for tours and other services from Redfin agents—fell 1% from a week ago, the first decline after a month of increases, and mortgage-purchase … [More]
Investment Co. Partners on an 84-unit Build-to-Rent Project in Phoenix
Trilogy Investment Company, a leading national provider of Build-To-Rent housing communities, has created a strategic joint venture partnership with Cimbra Partners LLC (through its subsidiary Cimbra Investors Encanto, LLC) and has closed on seven (7) acres of land at the corner of Encanto Blvd. and N. Avondale Blvd. in Avondale, AZ. The 84-unit townhome community … [More]
Pizzeria Celebrates 20 Years since Opening of First Location in Scottsdale
Grimaldi’s Pizzeria is gearing up to commemorate its 20th anniversary of expanding coal-fired, brick oven pizza outside of New York with celebrations that began this month at Arizona locations and will continue throughout 2023 in 11 states. On Feb. 14, 2003, Grimaldi’s Pizzeria opened its first location outside of New York at 4000 N. Scottsdale Road. The Old Town Scottsdale … [More]
Avnet Awards 12 U.S. Community Grants to Support Efforts in STEM, DEI, Communities in Crisis, and the Environment
Avnet awarded twelve community grants that support various organizations across the U.S. Avnet focuses on four areas of giving and employee volunteerism: STEM (Science, Technology, Engineering and Math), DEI (Diversity, Equity and Inclusion), Communities in Crisis, and the Environment. Grants are reviewed and selected on a quarterly basis. Grants awarded in the current cycle … [More]
Semiconductor Solutions Co. Launches Operations at Manufacturing Facility in Peoria
HyRel Technologies, a global provider of quick turn semiconductor modification solutions, announced it has commenced operations of its manufacturing facility in Peoria, Arizona, creating 50 new jobs. Representing a $15 million investment, the custom 20,000-square-foot facility will be geared towards touchless robotic processing systems for microelectronic components, … [More]
SaaS Aircraft Records Platform Raises an Additional $2.2M Series A from Arizona Venture Firm
Bluetail, the leading modern SaaS aircraft records platform for private aviation, has announced that it closed an additional $2.2 million Series A investment. The round was led by AZ-VC, an Arizona-based venture capital fund that is uniquely focused on supporting emerging technology companies throughout the state. With its triple-digit growth in 2022, … [More]
Six Best Practices for Evaluating Creative Project Proposals
The meeting is about to begin. The creative team has spent days, weeks, maybe even months massaging their concepts, tactics and messaging into the perfect presentation. You can see the beads of sweat forming on their foreheads, signaling something big is at stake here. The speakers speak, and the ideas … miss the mark. There’s no way around it: this presentation fell short of … [More]
SRP Solar for Nonprofits to Provide Solar Energy Systems to Two Valley Nonprofits
Two Valley nonprofit agencies, Native Health and Catholic Charities Community Services, have been selected to receive new solar energy systems as part of the SRP Solar for Nonprofits program. The donated solar systems will be built on top of parking lot structures, or "solar canopies," also donated by SRP Solar for Nonprofits. Native Health has provided accessible health … [More]
Scottsdale Arabian Horse Show to Return with Massive Economic Impact
The Scottsdale Arabian Horse Show has been a cornerstone of Arizona’s equestrian heritage since 1955. Since then, it has grown from 50 to 2,400 horses and is the world's most renowned Arabian horse event. It returns February 16th through the 26th at WestWorld of Scottsdale. Its tourism horsepower is substantial. An estimated 300,000 people a year attend the event which over … [More]
Small Business Loan Allows Hispanic-Owned Phoenix Law Firm to Buy Own Office, Add Jobs
If Jose Saldivar was going to be able to help more clients, he would need more employees — and a bigger office that would welcome them, a professional setting where they could discuss their cases. More than 13 years after he founded Saldivar & Associates, PLLC, with more than 13 years of renting, the Phoenix-based law firm now owns its new location, purchasing an … [More]
Scottsdale Airpark Report Indicates Demand Exceeding Supply for Space
Colliers in Arizona has released the annual Greater Scottsdale Airpark 2030 Report, indicating healthy conditions within the growing submarket. According to the report, demand for commercial space in the area is exceeding supply and development of new space is being handled at a healthy pace. “Many are speculating a future recession, but we are not overly concerned about … [More]
Residential Homebuilder Launches Title Division
Landsea Homes Corporation, a publicly traded residential homebuilder, announced today the launch of Landsea Title. “The launch of Landsea Title has long been in the works to complement our existing financial operations and offer our home buyers valuable title services,” said Mike Forsum, President and Chief Operating Officer of Landsea Homes. “Having our own title company … [More]
Podcast: Reducing High Friction Behaviors in an Organization Leads to Increased Career Prospects and Higher Rewards
“To actually get something done inside an organization means working across it effectively with low friction,” says Taylor Griffin, Chief Operating Officer of The Miles Group/TMG in a new episode of C-Suite Intelligence released today. In the new episode – “Low Friction Leadership” – Griffin joins Stephen Miles, Founder and CEO of TMG, to explain how reducing “behavioral … [More]
Enterprise Bank & Trust Celebrates 20 Years of Enterprise University with Robust Spring Course Lineup
Enterprise Bank & Trust has launched the spring semester of its business training course series, Enterprise University. The courses help professionals think strategically, better their business and build community. Business professionals anywhere in the country can register for live, virtual classes here. Established in 2003, Enterprise University set out to provide … [More]
Venture Madness Selects 17 Companies as Finalists for their Annual Competition
Venture Madness by Invest Southwest has selected 17 finalists for the 2023 Venture Madness Competition. Finalists were selected by judges from a pool of 88 applicants based on market need, industry attractiveness, competitive advantage, business model, management team and investment opportunity. "These 17 companies will compete at the 2023 Venture Madness … [More]
California Builder Plans Two New Luxury Lease Communities in Litchfield Park and Goodyear
Family Development, one of the country’s premier homebuilders with a multitude of projects throughout the Southwest, has announced plans to build two new luxury lease communities in Arizona: Villas Litchfield Park and Villas Goodyear. Construction will commence in February with both projects expected to be completed in 2024. Villas Litchfield Park is being financed by Old … [More]
Phoenix-Based Cannabis Co. Plans Acquisition of Canada Cannabis Retail Franchisor
Item 9 Labs Corp., a vertically integrated U.S. cannabis dispensary franchisor and operator, has secured the necessary financing to complete the previously announced acquisition of Sessions Cannabis, one of Canada's largest cannabis retail franchisors. The total cash purchase price of the transaction is $12.8 million, which is being fully funded through an Acquisition Line of … [More]
Banner’s All-in-One Health Care Facility to Open at The Grove
Banner Health announced the opening of Banner Health Center plus in the Arcadia community. The center is an “all-in-one” health care facility at The Grove, located at Camelback and 44th Street in Phoenix. “Banner Health Center plus is a destination health care setting,’’ said James Cote, vice president of the non-profit organization’s ambulatory services. “We’re bringing … [More]
