Nikola Corporation and Tumim Stone Capital LLC (Tumim) have entered into a second $300 million common stock equity line purchase agreement, providing Nikola the right to issue and sell to Tumim up to $600 million of Nikola's common stock in aggregate, subject to certain conditions and limitations “The equity lines with Tumim, together with estimated cash and cash … [More]
Chandler Business Center Sells for $19.1M
Commercial Properties, Inc./CORFAC International, Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the investment sale of Chandler Business Center, a ±106,892 square foot, industrial/flex, multi-tenant property on a 10.63-acre site. ScanlanKemperBard purchased the property for $19,100,000 / $178.68 per square foot. Located at 6150 W … [More]
Glendale Veterinary Practice Creates ESOP, Bucking the Industry’s Corporate Consolidation Trend
In an industry where more than 20% of general veterinary practices and an estimated 70% of specialty practices are now owned by corporate groups, an Arizona veterinary practice is bucking the consolidation trend and maintaining its independence via an Employee Stock Ownership Plan (ESOP). An ESOP is an employee benefit plan that gives workers ownership interest in the … [More]
Real Estate Tech Co. Unveils Gen Z Home Buying Trends with National Survey
Homie, a disruptive real estate technology company changing the way homes are bought and sold, recently conducted and released a nationwide survey that reveals home buying trends and perspectives of the next generation of homebuyers, Gen Z. Key survey findings include: Gen Z is looking to change the way homes are bought and sold through technology. The majority of … [More]
CVS Health Announces Availability of Pfizer-BioNTech Booster Shot to Eligible Populations
CVS Health announced that, following approval from the Centers for Disease Control and Prevention (CDC) based on guidance from the organization’s Advisory Committee on Immunization Practices (ACIP), select CVS Pharmacy and MinuteClinic locations are now offering the Pfizer-BioNTech COVID-19 booster shot to eligible populations beginning today, Friday, September 24. Following … [More]
Omni Tempe Hotel at ASU Breaks Ground, Opens Spring 2023
Omni Hotels & Resorts broke ground on Omni Tempe Hotel at ASU, a 330-guest-room hotel, set to open in 2023, in the heart of downtown Tempe on the Arizona State University campus. Peter Strebel, president of Omni Hotel & Resorts, broke ground alongside Tempe Mayor Corey Woods, as well as ASU President Michael Crow, Regent Bill Ridenour and John Creer, vice president … [More]
Phoenix Luxury Real Estate Firm Named Exclusive Brand Affiliate for Forbes in Arizona
Forbes Global Properties, a curated consumer marketplace of luxury homes and an invitation-only membership network of top real estate firms, has selected Scottsdale-based brokerage, RETSY to join its exclusive network exposing millions of viewers worldwide to Arizona's luxury properties. RETSY is a technology-based real estate brokerage comprised of agents boasting more than … [More]
Helix Electric Selects Goodyear for First Manufacturing Facility in Arizona
Helix Electric, one of the largest electrical contracting companies in the nation, announced today its first manufacturing facility in Arizona will be in Goodyear. The 112,000-square-foot facility will be used to manufacture and fabricate building components for electrical construction. The new facility will ship the components to existing Helix Electric markets nationwide and … [More]
University of Phoenix Releases Whitepaper Detailing COVID-19 Pandemic Impact on the U.S. Job Market
University of Phoenix College of Doctoral Studies has released a whitepaper outlining impacts the COVID-19 pandemic has had on American careers in major metropolitan areas. Analyzing findings from the University’s first annual Career Optimism Index™ study, the whitepaper also looks at barriers to career advancement and worker perceptions toward the future of their … [More]
Clean Energy Innovators Sign Agreement to Accelerate Electric Vehicle Transition
KORE Power, Inc. and Zero Electric Vehicles, Inc. have signed a joint development agreement to bring together two leading U.S. clean energy innovators to design, develop and manufacture low-cost, highly configurable electric vehicle solutions that accelerate electrification of the transportation sector. KORE is a U.S.-based manufacturer of high-energy-density lithium-ion … [More]
Arizona Small Business Association (ASBA) Announces AZBizCon Expo on Sept. 30
The Arizona Small Business Association (ASBA) proudly presents our second AZBizCon Expo of 2021, an in-person event on September 30th from 2:00 p.m. to 5:00 p.m. at Paradise Village Office Park in Phoenix, AZ. Registration is available for free here. Hosted at Paradise Village Office Park, this half-day event will feature a trade show packed full of Arizona’s most dynamic … [More]
Federal Funds Approved to Support Phoenix Workforce and Families
The Phoenix City Council approved spending millions of dollars in America Rescue Plan Act (ARPA) funding to support training and education programs, support for mental health services and a new vaccination incentive for underserved communities. “My goal is to get people into jobs – it is one of the most effective things we can do to get families back on their feet," said … [More]
Cybersecurity Solutions Leader Continues Its Expansion to the Southwest
GuidePoint Security, a cybersecurity solutions leader enabling organizations to make smarter decisions and minimize risk, today announced its continued expansion. Following this spring’s expansion into TOLA, GuidePoint is now helping customers locally in Arizona, California, Nevada, Utah and Hawaii to improve their security posture. To lead the expansion into these new … [More]
ASU Launches Global Sustainability Solutions Science Fair to Recognize Youth Innovators
The 2021 Sustainability Solutions Science Fair is a virtual opportunity open to researchers, innovators and engineers age 12-18 from around the world who are creating sustainability solutions for local area communities and for the planet. Applications are open now through October 4, 2021, to new projects as well as those that have previously been submitted to other fairs and … [More]
Cigna Opens New Scottsdale Health Care Center in SkySong
Cigna Medical Group recently celebrated the grand opening of its new health care center in Scottsdale. Located in SkySong at 1335 N. Scottsdale Rd. (Southeast corner of McDowell Rd. and Scottsdale Rd.), the new center provides patients access to multiple health care services under one roof. The nearly 9,000 square foot medical office provides family and adult medicine, … [More]
Phoenix-Based eVisit Closes Funding Round Led by Goldman Sachs Asset Management
eVisit, the leading Virtual Care platform for large healthcare providers, today announced that it has closed a $45 million Series B financing round led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs), with participation from Texas Health Resources, Tom Burton and Steve Barlow (Co-founders of Health Catalyst), and existing insiders. eVisit … [More]
Longstanding Phoenix Company to Build 32 Slim Chickens Locations in Arizona over 10 Years
The executives of a longstanding Phoenix company, Barnett Management Company, have signed an agreement with fast-growing Slim Chickens to launch 32 restaurants in Arizona over 10 years as their exclusive operator in the state. Barnett Management Company plans to open the first location in the West Valley, with potential sites being near Loop 101 and Northern Avenue, by the … [More]
Developer Breaks Ground in Glendale on First Arizona Project
A new industrial developer has arrived in Arizona, and it's one that is going to be popping up more and more across the Phoenix market. US Capital Development, which is based in St. Louis, MO and has several active projects east of the Mississippi, broke ground on its first development in Arizona recently. Falcon Park 303 Phase I will be a 599,468 square foot speculative … [More]
