Investcorp has acquired Tempe Commerce Park, a five-building multi-tenant light industrial park located in Tempe, Ariz., for $85.4 million. JLL Capital Markets marketed the property on behalf of the seller, BKM Capital Partners, as well as placed a five-year, floating-rate acquisition loan with a life company on behalf of the buyer.According to CommercialEdge data, BKM … [More]
Do You Trust Your Tap Water? New Survey Finds Black and Hispanic Americans Do Not
According to a new survey released today and commissioned by Tempe-based SOURCE Global, PBC, America’s communities of color are increasingly concerned about the safety of the water they drink. The survey showed that people in communities of color: Are far less confident in the quality and safety of their water Just 24 percent of Black Americans and 19 percent of Hispanic … [More]
Banner Health Eases Visitor Restrictions at Hospitals and Ambulatory Locations
On February 19, Banner Health changed its visitor restrictions for hospital and ambulatory locations in Arizona. One visitor per patient per day is now permitted for most in-patients. Out-patient locations and services (e.g. urgent cares, clinics, emergency rooms, etc.) will also allow one companion to accompany patients. In-patient visitation hours will be from 10 a.m. to 6 … [More]
Insurance Co. Enters Three-Year Partnership with Chicanos Por La Causa
American Family Insurance and Chicanos Por La Causa (CPLC) have announced a new community partnership, with American Family Insurance Dreams Foundation investing $750,000 over a three-year period to support CPLC Workforce Solutions in delivering education, training and job placement, case management and career pathways programs in the Maryvale neighborhood in Phoenix. The … [More]
Arizona’s Largest Virtual Job Fair is a Month-Long Hiring Event
The Arizona Commerce Authority (ACA) has partnered with UNMET Jobs to host Arizona’s largest virtual job fair, UNMET Jobs Arizona 2021. Beginning March 15, the month-long hiring event, which is open to all Arizona businesses, aims to improve the traditional job fair experience for both job seekers and employers. The event will be hosted through UNMET Jobs’ virtual platform, … [More]
City of Phoenix and CO+HOOTS Partner to Support Small Business Affected by Pandemic
CO+HOOTS, a globally-recognized entrepreneur support organization, is announcing that its robust digital educational and technical assistance platform called HUUB will now be available to Phoenix-based small businesses and entrepreneurs. The City of Phoenix’s partnership with CO+HOOTS further supplants Phoenix’s commitment to revitalize and strengthen its small business … [More]
BBB Business Tip: Emerging Trends Local Businesses Need to Consider
Many local businesses struggled through 2020 and are ready to take on 2021 with a fresh start. While some trends feel like they come and go, the ones that stay can help you identify new and effective business strategies to ensure your company thrives. Better Business Bureau Serving the Pacific Southwest (BBB) shares the following tips for emerging trends that will be important … [More]
Adult Use Marijuana Retail Tax Collection Begins
Marijuana establishments are liable for retail TPT and MET on adult use marijuana products immediately upon being licensed by the Arizona Department of Health Services to make such sales to Arizona consumers. Reporting An ADOR TPT license and a MET registration number are required to file and pay taxes, and can be obtained through the Medical, Adult Use or Dual License … [More]
Seven Arizona Bioscience Startups Earn $30K Through Flinn Foundation Entrepreneurship Program
Artificial intelligence to assist Alzheimer’s disease caregivers, rapid virus screeners, a headband to monitor for concussions, and new technologies for surgeries and drug discovery are some of the innovations of the participants in the 2021 Flinn Foundation Bioscience Entrepreneurship Program. Seven Arizona-based firms will each receive $30,000 in funding support through a … [More]
Houston-Based Home Builder Opens Multifamily Luxury Community in Phoenix
MORGAN, a Houston-based leader in multifamily development, construction, acquisitions and property management, has opened the Pearl Biltmore, its first multifamily luxury community in the Phoenix market. Located near the intersection of Highland and 24th Street, the 472-unit project is a joint venture between MORGAN and Mesirow Pearl Biltmore contains 19 unique … [More]
Sonic Automotive Expands its EchoPark Footprint with First Store in Metro Phoenix
Sonic Automotive, Inc., a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced the opening of its newest EchoPark specialty pre-owned vehicle store in Avondale, Arizona. EchoPark Phoenix is the Company’s 19th location and follows recent openings in Atlanta, Georgia, and Knoxville, Tennessee. Guests in the Phoenix market will be able to … [More]
Alkaline88 to be Distributed by Hensley Beverage Co. Across Arizona
The Alkaline Water Company Inc., is a producer of premium bottled alkaline water and flavor-infused waters products sold under the brand names Alkaline88® and A88 Infused™, respectively. Today, the Company announced that it is partnering with Hensley Beverage Company, a local Direct Store Delivery (DSD), to distribute its beverage brands across Arizona. “We are pleased to … [More]
Software Startups Raised $176.7B in Total Funding, a 27% Increase YoY
Software solutions have entered all aspects of life in the digital age, with millions of individuals and businesses relying on operating systems and apps to carry out daily tasks. The entire sector's growth has been followed by the increasing number of software startups searching for a way to raise capital and expand their growth. According to data gathered by … [More]
Lucid Motors to Go Public in Merger with Churchill Capital Corp IV
Lucid Motors (“Lucid”), which is setting new standards for sustainable mobility with its advanced luxury EVs, and Churchill Capital Corp IV (NYSE: CCIV) (“CCIV” or “Churchill”), a special purpose acquisition company, announced today that they have entered into a definitive merger agreement. CCIV and Lucid are combining at a transaction equity value of $11.75 billion. The … [More]
Margarita Monday at Blanco – 50% Off Entire Bill
Margarita Monday - February 22nd at Blanco's Blanco’s fresh twist on Mexican food is all you need to experience that ocean kissed bliss you crave. Lounge long and drink on with tantalizing tequila flights, and easy but innovative a la carte tacos. Go for the classic but fresh burrito or bowl layered with savory fillings like spicy Machaca short rib or red chili chicken, fresh … [More]
Zoned Properties Strengthens Partnership with National Cannabis Retail Franchisor
Zoned Properties, Inc., a strategic real estate development firm whose primary mission is to provide real estate and sustainability services for the regulated cannabis industry, positioning the company for property acquisitions and revenue growth, today announced that the company has contributed an additional $100,000 in investment capital to The Open Dør, a national cannabis … [More]
Nursing Students Assist in Pandemic Response, Providing Covid-19 Vaccines and Testing Across the Valley
As of February 17, the United States surpassed 56 million COVID-19 vaccine doses, with more than 1,227,271 doses tracked throughout Arizona. As efforts continue to administer the vaccine across the state, the Maricopa County Community College District (MCCCD) is proud to have its MaricopaNursing students on the front lines, administering vaccines and COVID-19 testing to … [More]
Interface Promotes Three, Expanding Roles for Innovations, Services and New Markets
Interface, the world’s trusted leader in technology, design, and manufacturing of force measurement solutions, announced key leadership changes within the organization. Ian James was promoted to chief operating officer (COO), Brian Peters was promoted to vice president of Global Sales, and the role of Mark Weathers, vice president of Interface’s Mini and 1923 Wireless products, … [More]
