KORE Power, Inc. has finalized the purchase of 214 acres in Buckeye, Arizona which will be the site of the KOREPlex, a two million square foot manufacturing facility which will have the capacity to produce 12 GWh of lithium-ion battery cells annually, bringing thousands of jobs to the Valley of the Sun. The KOREPlex will ensure a reliable and independent U.S. supply chain … [More]
Creation RE and J.P. Morgan Partner to Invest $1B in Industrial Projects
Creation RE, a Phoenix-based real estate investment and development firm, and J.P. Morgan Global Alternatives are investing $1 billion in industrial, warehouse and logistics projects across four states in a newly formed joint venture. The joint venture partners have closed on three of seven planned projects totaling 5 million square feet in Newark, N.J.; Melville, … [More]
Homebuilder Closes Significant Land Purchase in Queen Creek
Mattamy Homes, North America's largest privately owned homebuilder, is pleased to announce that it has closed on a significant land purchase in the town of Queen Creek, AZ. The 88-acre property, known as The Quarters at Queen Creek, was purchased for $23.45 million and is approved for 254 single-family home sites. The deal closed on March 28, 2022. "Our … [More]
HomeServe Expands HVAC Presence in Arizona with Acquisition
HomeServe USA (HomeServe), a leading provider of service plans, repair, and installation services for the home, today announced the acquisition of Sure Temp Air Conditioning LLC (Sure Temp or the Company). Based in Mesa, Arizona, the Company has been providing top quality cooling and heating services in the greater Phoenix area for the last decade and will continue to do so … [More]
Virtual CompTIA Tech Talent Roadshow Comes to Phoenix April 12
Employers in the greater Phoenix area are invited to learn about new strategies and tactics for recruiting and retaining information technology (IT) workers, including cybersecurity pros, at a virtual program presented on April 12 by CompTIA, the nonprofit association for the IT industry and workforce. The CompTIA Tech Talent Roadshow will examine the current state of tech … [More]
Crane Index and Quarterly Cost Report Reveal Construction Trends
International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Crane Index and Quarterly Cost Report. Together, the two documents provide an on-the-ground picture of construction activity in 14 key North American markets and data-driven insights into the industry. Read the complete QCR report here and the Crane Index here. While … [More]
GoDaddy Showcases Microbusiness Resiliency Post-Pandemic with Video Series
GoDaddy Inc. announced the launch of a new video series, "This is Where We Stand." The series will feature stories from microbusinesses across the country who adapted, pivoted and pushed forward even when the odds were against them. Each story will feature data from GoDaddy's Venture Forward initiative, a multiyear research effort to quantify the impact these millions of … [More]
Rent Keeps Rolling Uphill: 19% Rent Increase in the Past Year, Arizona Tops List
March brought continued substantial rent increases yet again. Key stats, according to Dwellsy's analysis of 509,911 available rentals: $1,850/mo: Median asking rent in March across the country 1.6%: 1 month growth in rent (vs. $1,820/mo in Feb 2022 - a 21% annualized run rate for the year) 19.4%: 1 year growth in rent vs. $1,550/mo in March 2021 30.5%: Median rent … [More]
International Attraction for Arizona Facility Design Unveiled
The conceptual design, including a 3D flyover of the multi-functional, 22,000 square-foot International Dark Sky Discovery Center (IDSDC), has been completed by Swaback, an award-winning Scottsdale-based architectural firm. The builder recently chosen is McCarthy Building Companies, which has experience with complex building projects, such as the OdySea Aquarium and the ASU … [More]
Arizona Law Firm Expands, Adds Offices in San Diego and San Bernardino
Fennemore, the fastest-growing BigLaw firm in the country in 2021 according to Law.com, added approximately 50 attorneys and allied legal professionals to its roster with new Fennemore offices in San Bernardino and San Diego. Fennemore’s expansion deepens the firm’s significant experience in the areas of real estate and land use, business, and natural resources. Over the … [More]
Military Veterans and Spouses Invited to Virtual ‘Vet Talk’ Business Networking & Career Event
BestCompaniesAZ will host its 8th Annual Veteran Business Networking and Career Event in conjunction with Career Connectors. This event brings together Arizona’s award-winning, military-friendly companies with veteran business professionals. All Veterans are invited: United States active duty, Reserve or Guard military members, separated military members, military retirees. … [More]
Phoenix Market among Tops for Data Center Investor Interest, Says Survey
The strong appetite for data, fueled by continued growth in cloud computing and social media, and the emergence of new technologies such as 5G and autonomous vehicles, is driving increased investor interest in data centers, according to a new CBRE survey. Ninety-five percent of survey respondents, which include many of the world's largest institutional real estate investors, … [More]
Vertical Street Ventures Acquires Sora on Rose Apartments in Uptown Phoenix
Vertical Street Ventures (VSV) announced the acquisition of Sora on Rose Apartments in Uptown Phoenix. Marcus & Millichap's Paul Bay, Darrell Moffitt, Cliff David, and Steve Gebing oversaw the transaction process, with Bridge Loan financing provided by Arbor's Eric Regenbogen with support from Gantry's Adam Parker and Buyer's Equity provided by Tauro's Paul Davidovic and … [More]
Leading Building Materials Co. Acquires Arizona Truss Manufacturer to Further Growth
US LBM, a leading distributor of specialty building materials in the United States, has acquired Crown Components, a manufacturer and supplier of structural roof and floor trusses in the metropolitan Phoenix area. Founded in 2014, Crown Components serves framing and building contractors for residential, multi-family and light commercial projects. Crown Components … [More]
Arizona Becomes 3rd State to Provide In-Home Continuous Care for Loved Ones
For most families with medically fragile children, parents are forced to stop working to provide necessary medical care, forgoing income in exchange for their child's safety. But that will all change for Arizona residents in April 2022, thanks to the newly-passed Family Licensed Health Aide (FLHA) Program. Under the Family Licensed Health Aide Program, parents … [More]
Velosio Acquires Phoenix-Based Silverware Inc.
Ohio-based Velosio announced today that it has acquired Silverware Inc., a leading Microsoft Partner focused on Dynamics 365 Business Central with specialization in the Agribusiness sector. Terms of the transaction were not disclosed. Silverware was founded in 1988 and is currently headquartered in Phoenix, Arizona. The company is a Microsoft Gold Partner and CSP, employs … [More]
Suite of Free Resources to Help Small Businesses Released by SBA
The Small Business Digital Alliance (SBDA), a new public-private co-sponsorship between the U.S. Small Business Administration (SBA) and Business Forward, Inc., published a comprehensive suite of free resources to help small businesses expand their customer base, manage their growth, find and retain talent, and enter new markets. These resources are being provided by some of … [More]
Chase Field Adds Some New Food Concepts This Season
The Arizona Diamondbacks are proud to welcome Black Rock Coffee, Chick-fil-A, Crèmily, Scoopwell’s Dough Bar and Zoyo Neighborhood Yogurt to Chase Field, along with the addition of new technology powered by SpotOn that promises to increase point of sale transaction speed for the 2022 D-backs season. “Each year, our goal is to raise the bar for fan experience and choices,” … [More]
