Phoenix-based Hospitality Capital Partners along with its equity partner National Property Advisors have acquired a portfolio of five hotels totaling more than 665 rooms from Service Properties Trust for $72 million as part of a larger NPA transaction. The transaction, which closed on Dec. 4, expands HCP's footprint in key Arizona markets, including Metropolitan Phoenix and … [More]
Bank Adds Cybersecurity and Risk Experts to Board as Assets Near $100B
Western Alliance Bancorporation announced the appointment of two distinguished leaders to its Board of Directors, adding sizable expertise in the key areas of cybersecurity and risk management as the organization nears the $100 billion asset threshold. Joining the Board are Dr. Michael Papay, a recognized cybersecurity authority and former head of Technology Risk and … [More]
Communications Technology Firm Establishes New Regional Production Center in Phoenix
Doxim, a communications management provider serving highly regulated markets, announced the official opening of its West Coast communications hub, Doxim Phoenix, a new state-of-the-art facility located in Phoenix, Arizona. This facility offers Doxim greater flexibility to better meet the needs of its clients in all channels within this evolving marketplace. The new site … [More]
Roosevelt Row Brewery Debuts With Arizona-Inspired Beers and Full Kitchen
Formation Brewing is officially open at 925 N. Fifth Street on Roosevelt Row. The locally rooted brewery invites guests to experience craft beer, inventive food and community in one of Phoenix’s most vibrant neighborhoods. The 10,000-square-foot space is designed to bring people together, with a central sunken seating area, a 19-tank brewhouse offering views of the brewing … [More]
Stalled Uptown Tower Trades Hands, Restarting One of Phoenix’s Highest-Profile Conversions
After nearly five years in limbo and millions of dollars wrapped in a stalled redevelopment, One Camelback has a new owner and a new trajectory. Kinella Capital, LLC led by Founder and CEO TK Stratton, has officially taken over the prominent office-to-residential conversion at Central Avenue and Camelback Road. With the acquisition, Kinella has begun stabilizing the property … [More]
