The City of Phoenix solidified the framework for an innovative solution to accelerate the creation and preservation of affordable housing in Phoenix. The City Council approved a new policy that guides how the City’s Housing Trust Fund will be used now and in the future. There is a shortage of nearly 60,000 affordable and available rental units in Phoenix, with the greatest … [More]
Scottsdale-Based Mortgage Platform Taps Veteran Finance Leader for C-Suite
NEXA Lending, one of the nation's fastest-growing mortgage platforms, announced the appointment of Von Maharaj as Chief Financial Officer, rounding out a powerhouse C-suite that positions the company for continued innovation, efficiency, and scale. With nearly two decades of financial-services experience, Maharaj brings a rare blend of operational discipline and strategic … [More]
New “Lemonade Stand” Microloans Give Scottsdale Entrepreneurs and Nonprofits Up to $25,000
Scottsdale Community Bank is helping local businesses and nonprofits turn big ideas into reality through its pioneering Lemonade Stand Loan Program, a creative microloan initiative inspired by the spirit of a child’s first business venture. Besides its robust large loan program, qualified businesses, individuals and nonprofits can secure loans of up to $25,000 to help … [More]
East Valley Growth Spurs $60M Retail and Dining Development at Ellsworth and Elliot
Diversified Partners, a real estate brokerage and development firm, has announced plans for East Gate Plaza, a new $60 million retail destination located at the northeast corner of Elliot and Ellsworth roads in Mesa, Arizona. Spanning approximately 17 acres, East Gate Plaza is designed to meet growing demand for high-quality retail, dining and wellness experiences in the … [More]
$183M Financing Deal Clears Path for North-Phoenix Multi-Sport Arena and Hotel
Texas-based real estate developer, SSS Partners, LLC recently closed on $183 million in financing and will immediately resume construction on its plans for a private academy, multi-sport arena and hotel located at I-17 and Sonoran Desert Drive, adjacent to TSMC. SSS Partners acquired the project that was approximately 50% complete in 2023. With construction now underway, the … [More]
