The Phoenix Suns, Phoenix Mercury and United Wholesale Mortgage, announced a 10-year, nearly $115 million dollar naming rights partnership — one of the largest in the NBA and WNBA — to name the downtown Phoenix arena after UWM’s consumer-facing brand, Mortgage Matchup. The home of the Suns, Mercury and more than 100 sporting and entertainment events a year will now be named … [More]
Their Take: Employers Make Economic and Social Impacts
Savvy employers everywhere are elevating their workforce and simultaneously driving positive economic growth by hiring from the one in four adults in the U.S. who have some type of disability. The benefits of enhancing your team with an array of abilities are well known, but there are still some misconceptions about hiring from that 25% pool. The Department of Economic … [More]
GENIUS Act Sets Rules for Stablecoins, Promising Quicker, Lower-Cost Payments for SMBs
Stablecoins are digital tokens designed to maintain a stable value by being backed by assets such as U.S. dollars or government bonds. This summer, the GENIUS Act became law and requires stablecoin issuers to be licensed, audited and backed by safe assets. Regulations will roll out over the next 12 months, with full implementation no later than January 2027. Under the GENIUS … [More]
Scottsdale Firm Partners with Operator on 154-Unit Mesa Acquisition
Elevest Capital, a privately held real estate investment firm specializing in multifamily assets, announced the closing of Fund 61, completed in partnership with Rise48 Equity through the acquisition of a 154-unit Class B+ apartment community in Mesa, Arizona. The transaction strengthens their presence across the Sunbelt and underscores its commitment to growth in dynamic, … [More]
Cox Employees Fund $540K for STEM, Sustainability Projects, and Family Stability
Some in the philanthropy world are calling it a generosity crisis with fewer Americans donating to nonprofits. Cox, however, is helping to bridge the gap, increasing Arizona grants to at least $10,000 and some to $20,000. Cox employees, who fund Cox Charities through personal contributions, have raised $540,000 this year for nonprofits in the communities where they live and … [More]
Sundt Names CEO amid Executive Chairman Transition
Sundt Construction, Inc., one of the country’s largest general contractors, announced the promotion of Cade Rowley to President and Chief Executive Officer. Rowley, formerly President and Chief Operating Officer, succeeds Mike Hoover, who has transitioned to the role of Executive Chairman after serving as CEO since 2016. “Cade’s promotion to CEO is a milestone not just for … [More]
$4.3M Industrial Deal Brings New Manufacturing to West Phoenix
SVN | Desert Commercial Advisors announced the successful buyer-side representation in the $4.3 million acquisition of a well-positioned industrial property at 4002 N 36th Ave, Phoenix, AZ 85019. The buyer, Hilton Cabinets, was represented by the firm’s AZ O/I Team: Justin Horwitz, Richard Lewis, Sean Alderman, and Jillian Moyer. The freestanding facility checked all the … [More]
$147M Acquisition Secures 1.25M SF Glendale Distribution Center for Major Discount Retailer
Full-service commercial real estate firm Lincoln Property Company announced the sale of a 1.25 million-square-foot, Class A industrial building within its award-winning Park303 logistics park to Dollar Tree, Inc., one of North America’s largest value retailers. Park303 totals 210-acres and 3.75 million square feet of industrial space along the Loop 303 at Glendale Avenue in … [More]
