Lukrom, a local real estate investment firm, announced the recent opening of their corporate headquarters located at 44th Street and Camelback Road in Phoenix. Specializing in private lending and real estate investment opportunities for accredited investors, Lukrom is poised to add value to the local real estate community. Founded by U.S. Navy veteran, Thomas McPherson, Lukrom … [More]
New Art Acquisition to Expand Phoenix Art Museum Collection
The Men’s Arts Council (MAC), a nonprofit member organization of Valley philanthropists dedicated to supporting Phoenix Art Museum’s community-outreach programs through annual giving, has selected four components of artist collective Postcommodity’s artwork Repellent Fence/Valla Repelente (2015) to receive MAC funding earmarked for a new Museum acquisition. The large-scale … [More]
Oregon-Based Bank Targets Arizona for Expansion with the Opening of Three New Branches
Umpqua Bank, a subsidiary of Columbia Banking System, Inc., announced its continued expansion across the West with two new branch openings in Phoenix and Scottsdale, and a third Arizona location in Mesa planned for later this year. Expansion of the bank's retail network into Arizona follows the successful launch of its middle market banking presence in 2021. "Arizona is a … [More]
Healthcare Co. Marks One-Year Milestone of Care Model
Denova Collaborative Health, Arizona’s largest provider of behavioral health services, is marking the one-year milestone of its groundbreaking same-day, next-day behavioral healthcare initiative. While Denova has a 40-year history of serving Arizona residents, within the last year, the company provided treatment for over 36,000 individual patients. This achievement is … [More]
National Residential Real Estate Brokerage Expands Presence in Key Arizona Markets
Compass, the largest residential real estate brokerage in the United States by sales volume1, announces it has strengthened its presence in Arizona with the addition of the strongest independent brand in the state, North & Co. This cements the company's position as the number one brokerage for luxury residential sales in the state, just 18 months after entering the … [More]
Reimagined Paradise Valley Mall Sets Opening Date of First Residential Property
AVE, the residential real estate brand of Korman Communities, in partnership with RXR, announces the opening date of AVE Paradise Valley (12400 North Tatum Boulevard), a new elevated apartment community located in the reimagined Paradise Valley Mall development. The property will open on Nov. 15, 2024, and is now accepting applications. The state-of-the-art, mid-rise building … [More]
Iconic Mall Set for Demolition, Redevelopment Begins Soon
Phoenix’s most iconic mall is on its way to becoming the largest mall redevelopment project in Arizona’s history. Concord Wilshire Capital and TLG Investment Partners, the Developer, announced that the Abatement and Demolition of the Metrocenter Mall, including the Dillard’s and U-Haul Buildings (formerly Macy’s), have commenced, and it has formed a partnership with Diversified … [More]
Shopping Center Partners with Autonomous Vehicle Co. to Enhance Shopper Experience
Tempe Marketplace and Vestar announce the official partnership with Waymo, the Valley’s autonomous vehicle technology company. With the determination to continually enhance the guest experience, this collaboration allows Vestar to provide brand-new, innovative opportunities to shoppers and visitors of the popular Tempe destination. In addition to the new partnership, Tempe … [More]
Venture Capital Firm Launches with Four Initial Investments in Disruptive Healthcare Technologies and FemTech Solutions
Bayless Ventures, a new venture capital firm founded by Valley healthcare entrepreneur Justin Bayless, announces its launch with four initial investments. Dedicated to supporting underrepresented entrepreneurs, Bayless Ventures aims to drive transformative change in healthcare. "For over 40 years, Bayless Integrated Healthcare disrupted the healthcare industry with … [More]
Home Builder Breaks Ground on 90 Homesites for a New ‘High Performance’ Mesa Community
Landsea Homes Corporation, a publicly traded residential home builder, announced that it has begun development on 90 homes for a new community called Rialta in Mesa, Arizona. “The groundbreaking of Rialta extends Landsea Homes’ presence in a highly sought after location within the City of Mesa,” said Todd Condon, Arizona Division Vice President of Sales and Marketing, … [More]
Camby Hotel Opens All-New Restaurant Offering a Taste of the Southwest
The Camby, an established and sophisticated hotel in the heart of the Phoenix Biltmore neighborhood, announces a comprehensive renovation and launching an all-new restaurant concept, Yellowbell. The reimagination of both draw inspiration from the natural beauty of Arizona and Camelback Mountain, the hotel’s namesake, celebrating everything that makes Phoenix unique – its … [More]
CRE Firm Closes on Key Industrial Property in Burgeoning Phoenix Submarket
Stos Partners, a leading commercial real estate investment and management firm specializing in the value-add space, announces its closing of 236 and 240 North 48th Avenue in Phoenix. The 5.3-acre property includes two freestanding industrial warehouse buildings totaling 94,836 square feet. The transaction marks Stos Partners’ seventh industrial acquisition in Phoenix as the … [More]
Energy Sector AI Solutions Co. Partners to Revolutionize Work Order Planning with AI Integration
NuclearN, a leading provider of AI solutions for the energy sector, announced its partnership with DataGlance, the nuclear industry's leading mobile digital work solutions provider. Together, they are developing an AI-driven work order planning solution to streamline the creation of step-by-step work instructions for corrective maintenance tasks to further enhance operational … [More]
Lender Expands Loan Programs to Assist Arizona Investors with Acquisition and Development Financing
Hard Money Lenders Arizona, a leading provider of private money loans, announced the expansion of its loan programs to better support investors throughout Arizona. Under the leadership of Michael Iuculano, the company is introducing enhanced Acquisition and Development financing options tailored to meet the growing needs of real estate investors and developers in the … [More]
Desirable Amenities and Attainable Rents Come to New Community Concept at 16th Street and Polk
Greenlight Communities, the Valley developer building brand-new budget-conscious communities, is excited to announce the opening of their new Streamliner community at 16th Street and Polk Road in Phoenix. The second Streamliner to begin leasing, Streamliner 16th represents a new wave of attainable housing communities under the Streamliner brand developed by Greenlight … [More]
More Than $250,000 Granted into Community for LGBTQ Philanthropy
The Arizona Community Foundation’s Kellenberger + Tollefson Center for LGBTQ Philanthropy has announced that it has granted $258,110 to nonprofit organizations serving LGBTQ people across Arizona through its 2024 annual grant cycle. “We are honored to support 21 outstanding nonprofit organizations dedicated to uplifting the LBGTQIA+ community in Arizona,” said JD Kemper, … [More]
Bank Hosting Second Annual Women Entrepreneurs and Leaders Fireside Chat
With this year's topic focused on "Are Good Leaders Born or Made," Integro Bank's Second Annual Women Entrepreneurs and Leaders Fireside Chat has a wide range of women leaders set for the event's panel covering a variety of segments. Business owners and leaders are encouraged to RSVP for this complimentary CEO Club event that is taking place on September 25, 2024. This … [More]
$187.5 Million Multifamily Property Closes in Phoenix, Largest in Years
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Desert Club, a 497-unit multifamily asset in Phoenix, Arizona. The property sold for $187.5 million, or $377,264 per unit. The transaction is the largest single asset multifamily sale in Arizona in over two years and one of the ten largest single asset multifamily sales in the … [More]
