Investment in industrial assets has taken flight this year: More than $36.6 billion in transactions closed year-to-date through August, data from CommercialEdge shows, a 40.7 percent increase from the $26 billion during the same time last year. Pricing has grown nearly as fast, averaging $106.09 per square foot, an increase of 20.6 percent compared to 2020.The Western region, … [More]
New Luxury Rental-Home Firm Launches Valleywide
TerraLane Communities, a premier developer of luxury single-family rental homes, announces its official company launch. TerraLane is bringing high-tech, spacious and maintenance-free living to select Western U.S. markets, beginning with Greater Phoenix. The firm has offices in Scottsdale, Ariz. and Newport Beach, Calif., and is headed by Chief Executive Officer, Steven La … [More]
Colorado Co. Acquires Phoenix-Based Electrical Contractor
Loenbro LLC, a leading provider of mechanical, electrical, midstream, and inspection services, announces its acquisition of Switch Electric Inc. Based in Phoenix, AZ, Switch is a premier electrical contractor serving mission-critical data center construction and maintenance customers throughout the Arizona market. “We’re proud to join Loenbro,” said John Fleury, Switch … [More]
Loop 303 Corridor Gets Another Industrial Project Totaling 2 Million Square Feet
Dallas-based Crow Holdings Industrial has become the latest developer to propose a large industrial project in Glendale, Ariz., near Loop 303 and Luke Air Force Base with its plan for a speculative development totaling nearly 2 million square feet. Dubbed Crow 303, the project is scheduled to be discussed Oct. 26 by the Glendale City Council, which must approve annexing and … [More]
NFIB Gives Federal Update: Latest Proposals and Timeline in Congress
September’s deadlines have come and gone with Congress pushing back the tough decisions regarding funding the government and increasing the debt ceiling. NFIB Vice President of Federal Government Relations Kevin Kuhlman discussed new deadlines to watch and what to expect as negotiations on larger legislative proposals continue. Proposals in the Build Back Better … [More]
Program to Disburse $13M in 1% Interest Loans and Specialized Business Coaching
Maricopa County and Prestamos CDFI, a division of Chicanos Por La Causa (CPLC), come together to provide much needed access to capital combined with personalized business coaching with the launch of the Maricopa County Small Business Resilience Program. The goal is to elevate struggling small businesses in their road to recovery post-pandemic and walk along with business owners … [More]
California Co. Empowers Phoenix Cool Pavement Pilot Program, Says Research
Last year, the City of Phoenix Street Transportation Department and Office of Sustainability teamed up with Arizona State University (ASU) researchers to begin the Cool Pavement Pilot Program, aimed at cooling down neighborhoods and saving energy costs. In a virtual presentation and panel discussion on September 14, the City of Phoenix released the results of the first year of … [More]
Commercial Furniture Co. Gets Another Exclusive through Knoll Deal
Goodmans Interior Structures, a Herman Miller distributor for 53 years, is adding the legendary design brand Knoll to their portfolio, making Goodmans Arizona’s exclusive distributor for both of these iconic design companies. In addition, Goodmans will represent all 19 of their affiliated brands: Colebrook Bosson Saunders, DatesWeiser, DWR, Edelman Leather, Fully, Geiger, HAY, … [More]
Seefried, Crow Holdings Debut 2nd Phase of Phoenix Industrial Park
Atlanta-based Seefried Industrial Properties, in partnership with a real estate fund advised by Crow Holdings Capital, has launched construction on 101 at Van Buren, a two-building, 633,321-square-foot distribution center in Avondale, Ariz. Taking shape on a 39-acre parcel at the intersection of 101st Avenue and Van Buren Street within the Southwest Valley submarket, the … [More]
Valleywise Health Creates Videos in 11 Languages to Combat COVID-19 Vaccine Misinformation among Refugee Communities
As an Arizona leader in refugee care, Valleywise Health has launched its latest COVID-19 video series for refugee communities. Recently, educational videos on COVID-19 vaccines were produced in 11 languages to increase vaccine awareness, reduce misconceptions and reduce hesitancy to receive vaccine in Arizona’s growing refugee community. “There is tremendous … [More]
Bright HealthCare Announces Affordable Health Plan Options in Maricopa County
Bright HealthCare announced its affordable health plan options for Maricopa County individuals, families and Medicare recipients as many Arizona residents are reviewing their health plan options for the upcoming year. Individuals and families who purchase health insurance on the Affordable Care Act (“ACA”) marketplace will be able to choose their plan starting Nov. 1 … [More]
Interview: Riding Phoenix’s Unparalleled Industrial Wave
“Higher and higher” seems to be Phoenix industrial sector’s motto, as the metro’s pipeline grows with each passing month. According to a recent CommercialEdge report, the Valley had nearly 25.6 million square feet of industrial space underway as of August. Phoenix is also the nation’s absolute champion when it comes to planned and under construction industrial developments, as … [More]
Feds Advance Full Funding for Light Rail Northwest Extension II
Federal and local leaders are pleased to see the $158 million Capital Investment Grant (CIG) for Valley Metro’s Northwest Light Rail Extension Phase II (NWE II) advance to Congress for review. This highly competitive grant will complete the funding necessary for this project, with the final grant signing anticipated in early November. The NWE II gives new communities greater … [More]
Housing Market Moderation Gives Buyers Breathing Room
The modest calming of the market that began late in the summer has continued into early fall, the latest market report from Zillow® shows. Buyers are finding slightly more selection, more price cuts and a bit more time to evaluate a home before it goes under contract. "The housing market continued its gradual return to some semblance of normalcy in September, helped by the … [More]
Amazon Report Reveals Third-Party Sellers Have Created More Than 1.8 Million U.S. Jobs
Amazon released its 2021 Small Business Empowerment Report outlining how the company provides opportunity, tools, and services to help more than 500,000 third-party selling partners in the U.S. reach hundreds of millions of customers, increase revenue and profits, and create good jobs across America. The report comes just ahead of the Amazon Accelerate 2021 virtual conference … [More]
Partnership Enables Health and Wellness Providers to Instantly Verify Insurance Via AI Chat
Botco.ai, the leading HIPAA-compliant conversational marketing platform, announced today a partnership with VerifyTreatment, a cloud-based platform that provides instant insurance verification for the behavioral health industry, that enables healthcare centers to instantly verify their prospects’ insurance through Botco.ai’s AI-based chat platform. The industry-first solution … [More]
Technology-Driven Medicare Advisor Announces Expansion with New Office in Phoenix
Chapter, the leading technology-driven Medicare Advisor that aligns incentives in Medicare plan selection and guides beneficiaries through the enrollment and renewal process, will open a new office in Phoenix creating 50 new jobs and further accelerating the company’s growth just as the Annual Enrollment Period begins. Chapter is currently hiring 20 Medicare advisors and team … [More]
Office Interiors Co. Enhances Customer Experience with Partnership
Corporate Interior Systems, a Phoenix-based office furniture dealership and industry leader in the Valley for more than 36 years, is proud to announce its preeminent state partnership with Haworth. CIS, known for its human-centric workspace solutions throughout Arizona, was drawn to Haworth’s core values, global expertise, technology and design that will support CIS in … [More]
