In the week ending January 15, the advance figure for seasonally adjusted initial claims was 286,000, an increase of 55,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 230,000 to 231,000. The 4-week moving average was 231,000, an increase of 20,000 from the previous week's revised average. The previous week's average was … [More]
Nikola Agreement to Facilitate Zero-Emission Vehicle Sales Financing
Nikola Corporation, a global leader in zero-emissions transportation and energy infrastructure solutions, and Corcentric Fleet Funding Solutions, a leading provider of leasing and financing solutions, today announced a signed agreement to facilitate sales of Class 8 Nikola Tre battery-electric vehicles (BEVs) and Nikola Tre hydrogen fuel cell electric vehicles (FCEVs). Pursuant … [More]
Bridge Loan Firm Reaches Milestone of $1B in Commercial Real Estate Loans
RRA Capital, an investment firm specializing in commercial real estate (CRE) bridge loans, announced today that it has surpassed $1 billion in CRE bridge loans originated since inception. RRA, founded in 2008 at the behest of bankers with real estate problems, is a national, commercial real estate lending and consulting firm specializing in short-term, … [More]
CVS Health Brings New Health Zones Initiative to Phoenix to Help Advance Health Equity
CVS Health introduced its new Health Zones initiative in Phoenix. The initiative provides concentrated local investments in Phoenix that aim to reduce health disparities and advance health equity in underserved communities across the country. The program works with trusted national and local partners to address the six key social determinants of health: housing, education, … [More]
$1.8B Mixed-Use Project Coming to Tempe
Local officials in Tempe, Ariz., are paving the way for a major mixed-use destination, South Pier at Tempe Town Lake, to take shape in the suburban Phoenix city at a cost of $1.8 billion. The Tempe City Council introduced the project and held the first public hearing on the approximately 3.5 million-square-foot development at a meeting on January 13, 2022. As noted in … [More]
Top CPA Firm Expands Into Arizona with Latest Acquisition
BKD CPAs & Advisors announces the expansion of the Top 15 firm’s footprint into the Phoenix market as Schmidt Westergard joins BKD, effective Jan. 16. “We extend a warm welcome to the newest members of our One Great Firm,” Watson said. “BKD is intentional about growing wisely, so we carefully look for firms that are a strong strategic and cultural fit when making such … [More]
Sprouts Healthy Communities Foundation Awards $100,000 to First Place® AZ for Nutrition and Gardening Initiative
Sprouts Healthy Communities Foundation has awarded First Place® AZ, an Arizona nonprofit that serves individuals with autism and neurodiversities, with a two-year, $100,000 grant for its Sprouts First to the Table Gardening and Nutrition Initiative. Funding supports the building of two gardens in the Phoenix area, the maintenance of two existing gardens in the Valley, the … [More]
First-Ever Title Sponsorship of Barrett-Jackson’s World-Famous Auction Block Is Named
Barrett-Jackson, The World’s Greatest Collector Car Auctions, today announced a new partnership with Guaranteed Rate, a leader in retail mortgage lending and digital financial services. Guaranteed Rate has become the Official Mortgage Lender of Barrett-Jackson’s Scottsdale Auction, which takes place Jan. 22-30, 2022, at WestWorld of Scottsdale. Also, the Guaranteed Rate Auction … [More]
WebPT Makes Acquisition to Fuel Innovation, Scale Industry Expertise
WebPT, the leading outpatient physical rehabilitation SaaS platform for patient and practice management services, today announced the acquisition of Clinicient and its subsidiary Keet, effective January 18, 2022, following regulatory review. The acquisition provides additional scale and industry expertise to fuel innovation from the combined companies to improve patient … [More]
International Law Firm Opens Phoenix Office, Expanding the Firm’s Western Presence
International law firm Dorsey & Whitney LLP announced that it has opened an office in Phoenix, Arizona. The new Phoenix office is the Firm’s 20th location. The lawyers establishing Dorsey’s Phoenix office include Scott Jenkins, Isaac Gabriel, and Andrea Palmer, all of whom most recently practiced in the Phoenix office of the Quarles & Brady law firm. All of them join … [More]
Agreement for Nikola Leads to Long-Term Battery Supply for Zero-Emission Class 8 Semi Trucks
Nikola Corporation, a global leader in zero-emission transportation and energy infrastructure solutions, and Proterra Inc, a leading innovator in commercial vehicle electrification technology, today announced a strategic, multi-year supply agreement to power Nikola zero-emission semi-trucks with Proterra’s industry-leading battery technology. Proterra product is … [More]
