Nashville Medical Co. Acquires Medical Office/Surgery Center Building in Phoenix Suburb

Montecito Medical

Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a 68,000 square-foot medical office building in the Phoenix, Arizona, suburb of Avondale. The three-story Akos Medical Office Building, which is fully leased, includes a multi-specialty ambulatory surgery center (ASC), a state-of-the-art imaging suite, … [More]

Local Lab on a Mission to Help Underserved Communities, Businesses

by Kendall Oltrogge

According to the New York Times Coronavirus Tracker, while hospitalizations are down, COVID-19 cases and positivity rates are very high in Maricopa County. Coupled with the recent discovery of the Omicron variant, the need for testing and vaccination is more prevalent than ever. Local lab Premier Lab Solutions is on a mission to help the underserved and uninsured when it comes … [More]

Why So Many Businesses Fail (and What to Do about It)

by Dr. Jennifer Charles

According to the Small Business Administration, 20% of small businesses fail in the first year, 50% fail within five years, and only 33% make it to 10 years or longer. Although businesses fail for various reasons, here are three common reasons why so many businesses fail (and how to avoid them). It Takes Money to Make Money Starting a business can be costly. There can be … [More]

City of Phoenix Vaccine Mandate Paused

City of Phoenix

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ The city of Phoenix Tuesday announced it has paused plans to implement a federal mandate requiring all city employees be vaccinated against COVID-19. This decision comes after a series of legal challenges and a ruling Tuesday from a federal judge in Georgia which temporarily halts the COVID-19 vaccine … [More]

Survey Reveals 83% of Real Estate Industry Seeking Out Homebuilding Technology Solutions

Mosaic

Mosaic Building Group, a construction technology platform for the residential development industry, today announced the results of its quarterly Homebuilding Tech Survey, which measures homebuilding technology usage and sentiment from real estate industry professionals in the southwestern U.S. states of Arizona, California, Colorado, New Mexico, Texas, and Utah. The 600 … [More]

Dramatic Shift in VC Funding Toward Rising Startup Cities Like Phoenix, Reveals Report

Revolution

Revolution’s Rise of the Rest Seed Fund, a seed stage venture capital fund that invests exclusively in startups based outside of the Bay Area, New York City, and Boston, today released its “Beyond Silicon Valley” report, in collaboration with PitchBook. The report explores how and why funding for startups has steadily shifted towards rising cities over the past decade. First, … [More]

Phoenix Bioscience Startup That Delivers Lifesaving Medicines for Difficult-to-Treat Cancers Gets $50M

OncoMyx Therapeutics

OncoMyx Therapeutics, a privately-held immuno-oncology platform company, today announced the closing of a $50 million Series B financing, co-led by Lumira Ventures and B Capital Group with participation from LYZZ Capital and all Series A investors: Boehringer Ingelheim Venture Fund, Delos Capital, Xeraya Capital, Korea Investment Partners, City Hill Ventures, and Madison … [More]

86% of Hotels Say Supply Chain Issues Are Impacting Operations

inbusinessPHX.com

Supply chain disruptions are impacting the operations of more than eight in ten surveyed hotels, and nearly three in four hotel operators say the disruptions are negatively impacting their business revenue, according to a new survey of American Hotel & Lodging Association (AHLA) members. Eighty-six percent of respondents reported that supply chain disruptions were having … [More]

Nevada-Based Investor Acquires West 101 Corporate Center, 93% Leased

Cushman & Wakefield

Cushman & Wakefield has brokered the sale of West 101 Corporate Center, an 81,040-square-foot, multi-tenant Class A office property in Phoenix, Arizona. Located at 1860 N 95th Lane in the West Valley trade area, the building was acquired by Overstreet Project LLC, a Nevada-based investor, for $17.5 million. The asset was approximately 93% leased at the time of sale. The … [More]

Sports Illustrated Awards Get Scottsdale Sponsor for Key Award Categories Tonight

inbusinessPHX.com

The Alkaline Water Company Inc., the country’s largest independent alkaline water company and the “Clean Beverage” company, is pleased to be a sponsor for The Sports Illustrated Awards Presented by Pepsi Stronger Together, tonight at 8 p.m. Eastern Time. Alkaline88 is the exclusive bottled water for the event and is sponsoring two key awards—the Smooth Play of the Year … [More]

Inflation and Supply Chain Delays May Make Debt Dangerous for U.S. Businesses in 2022 

Resolute

Rising inflation and unpredictable interruptions in the supply chain are expected to eat into the profits of both manufacturers and retailers in 2022, according to the financial turnaround experts at Resolute Commercial Services (Resolute). “Any organization that depends on credit to finance its operations is likely to have difficulty in the coming years,” says Nathaniel … [More]

FirstBank’s Arizona Market Grows 14.3% with Focus on ‘Banking for Good’

FirstBank

FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” announced milestone third-quarter results with double-digit growth in assets, deposits, and income over totals from the same period last year. Across FirstBank’s Arizona branches, assets grew by 14.3 percent from $975.9 million to $1.1 billion compared to the same period last year. … [More]

U.S. Annual Home Price Growth at a Record 18% in October, Says Report

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for October 2021. U.S. annual home price growth remained strong at 18% in October, the highest recorded in the 45-year history of the index. Nonetheless, monthly price growth has slowed from its April … [More]

University of Phoenix Launches Digital Marketing Professional Development Courses

University of Phoenix

University of Phoenix supports accelerated learning in a rapidly growing field with the launch of Digital Marketing professional development courses. Professional development courses at the University are designed to help busy adults develop career-ready job skills in growing fields within a short time. According to Emsi Burning Glass, a leader in labor market … [More]

Call for Nominations for 2022 SBA National Small Business Week Awards

U.S. Small Business Administration

Nominations are now being accepted for the 2022 National Small Business Week (NSBW) Awards. The NSBW Awards recognize the achievements of SBA-assisted small businesses and the contributions they have made to their communities and our nation’s economy. All nominations should be submitted electronically by 3 p.m. EST on January 11, 2022. The awards will be presented during the … [More]

5 Reasons Why a Multi-Brand Franchise Might Be Your Ticket in the New Economy

inbusinessPHX.com

Between The Great Resignation and a changing economy, more people are considering new career options and some are striking out on their own. While a high percentage are starting businesses, others are buying into established franchises, becoming “franchisees'' as they start off with one business unit and perhaps invest in more as they find success. The next phase, which is … [More]

Clean Air Campaign Awards Wine & Spirits Co. on Electric Vehicle Delivery Program

Southern Glazer’s Wine & Spirits

Southern Glazer’s Wine & Spirits of Arizona recently received a Sustainable Options/Corporate Sustainability award from Valley Metro, the public transportation agency which provides transit services throughout the Phoenix, Arizona, metropolitan area. This award is part of the agency’s annual Clean Air Campaign recognition program. The award recognizes efforts by Southern … [More]

Leonardo Electronics US Inc. Expands Semiconductor Laser Manufacturing Facility

inbusinessPHX.com

Leonardo Electronics US Inc.(LEI), a provider of next-gen technologies for defense, security, medical, and industrial applications and a US subsidiary of Leonardo, announced today plans to expand its regional presence in Oro Valley, Arizona, north of Tucson. Leonardo Electronics US Inc. has purchased 12 acres in Innovation Park and is planning the construction of a new … [More]

In Business Dailies

Sign up for a complimentary year of In Business Dailies with a bonus Digital Subscription of In Business Magazine delivered to your inbox each month!

  • Get the day’s Top Stories
  • Relevant In-depth Articles
  • Daily Offers
  • Coming Events