Author Archives: AZ Business Magazine

AZ Business Magazine

About AZ Business Magazine

Over the past 30 years, AZ Big Media has grown to encompass not just Az Business magazine, but also a whole host of other publications and signature events. Az Business magazine is the state’s leading business publication. Published by AZ Big Media, the magazine covers a wide-range of topics focusing on the Arizona business scene, and is aimed at high-level corporate executives and business owners.

ASU School program focuses on border issues

Commercial Development - AZRE Magazine January/February 2012

Michael Lacey and Jim Larkin, longtime owners of the national chain of Village Voice alternative weeklies, will use proceeds from a lawsuit against Maricopa County Sheriff Joe Arpaio to establish a Chair in Borderlands Issues at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University. The $2M gift will support an… Read More →

Pinnacle West declares quarterly dividend

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Pinnacle West Capital Corporation’s Board of Directors today declared a quarterly dividend of $0.595 per share of common stock, payable on March 2, 2015, to shareholders of record on February 2, 2015. Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of about $14 billion, nearly 6,400 megawatts of generating… Read More →

Magellan Health provides 2015 financial insight

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Magellan Health, Inc. announced that, for 2015, it expects to generate net revenue in the range of $4.25 billion to $4.49 billion, and net income in the range of $51 million to $67 million, which translates into diluted earnings per share (EPS) in the range of $1.90 to $2.50, inclusive of share repurchases to date.… Read More →

Tucson’s Carondelet St. Joseph’s Hospital makes history

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Carondelet St. Joseph’s Hospital and its Joint Replacement Center have accomplished something no other hospital in the United States has to date. All four total-joint replacement programs offered at St. Joseph’s—knee, hip, ankle and shoulder—were awarded the Gold Seal of Approval® by The Joint Commission, the nation’s oldest and largest standards-setting and accrediting body in… Read More →

Natural Brands president earns 3 Stevie Awards

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Carol May, president of Wisdom Natural Brands®, parent company of the leading stevia brand SweetLeaf®, was honored with three highly coveted awards at the 11th annual International Stevie Awards for Women in Business, held in New York City on November 14. May received her second Silver Award for Lifetime Achievement in Business and a Silver… Read More →

UMB acquires Marquette Financial Companies

A Guide to Applying for a Bank Loan

UMB Financial Corporation (Nasdaq: UMBF), a $16.3 billion diversified financial holding company as of September 30, 2014, headquartered in Kansas City, Mo., and the Pohlad family of Minneapolis, Minn., announced the execution of a definitive agreement for UMB to acquire Marquette Financial Companies (MFC), a $1.3 billion financial-services company owned by the Pohlad family, in… Read More →

Plexus Worldwide donates $35,000 to Toys for Tots

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Scottsdale-based Plexus Worldwide, a leading direct-marketing weight-loss and health-supplement seller that was recently named No. 8 on the 2014 Inc. 5000 list of fastest growing companies, presented a donation of $35,000 to Toys for Tots and a donation of $40,417 to Wounded Warrior Project® (WWP). The presentation occurred on December 15 at Plexus Worldwide’s headquarters… Read More →

Experts: Tucson economy is set to grow in 2015

An Aerial Shot of Downtown Tucson, Arizona

Things are looking up for Tucson, with an economy that is set to grow in 2015 and 2016. That was one of the key takeaways from today’s University of Arizona Eller College of Management annual Economic Outlook Forecast Luncheon at the Westin La Paloma Resort in Tucson. Some 540 people packed the room to hear… Read More →

iStar launches sales of final phase at Sage

Haute Photography - Phoenix Photographer
December 15, 2014 by in Blogs

Seventy-two new homes hit the market in Downtown Scottsdale when owner iStar Residential hosted a grand opening event for the final phase at Sage, the luxury condominium community located along the Scottsdale waterfront. The $35 million community is the first ground-up-construction condominium development to deliver new homes in Downtown Scottsdale in seven years. The two,… Read More →

Consortium buying PetSmart for $83 per share in cash

doggies, web

PetSmart, Inc. announced that it has entered into a definitive agreement to be acquired by a consortium led by BC Partners, Inc. at a price of $83.00 per share in cash, representing a premium of approximately 39% over PetSmart’s unaffected closing share price on July 2, 2014. The consortium includes Funds advised by BC Partners… Read More →

11 new companies coming to High Street

High Street

Just in time for the new year, High Street in Phoenix is welcoming 11 new companies to their family of tenants. Vacant spaces at High Street will soon be filled with an array of new businesses, including a vacation rental office, nail spa, tea shop and creative studio. The shopping, dining and entertainment destination located… Read More →

PCA Skin appoints new CEO to augment growth plans

PCA SKIN CEO Mike Larrain 2

Scottsdale-based PCA SKIN, a leader in professional skin health and available in more than 7,000 medical and aesthetic practices globally, announced Michael Larrain as CEO effective Jan. 5, 2015. Larrain joins PCA SKIN after more than two decades as a leader with top beauty, health and wellness brands, including L’Oreal, SkinCeuticals and Dermalogica. Larrain’s background… Read More →

Report: Affluent Arizonans donate an average of $6,259

charitable trust

BMO Private Bank released the results of a study on holiday giving and gifting trends among high-net-worth Arizonans (those with investible assets of $1 million or more). The study is part of an ongoing series examining financial trends among the state’s affluent. According to the study: • High-net-worth Arizonans plan to donate an average of… Read More →

TGen uses X chromosome to uncover disorders in girls

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Using a basic genetic difference between men and women, the Translational Genomics Research Institute (TGen) has uncovered a way to track down the source of a neurological disorder in a young girl. TGen’s discovery relies on a simple genetic fact: Men have one X and one Y chromosome, while women have two X chromosomes. This… Read More →

UA’s Phoenix campus has nearly $1 billion economic Impact

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University of Arizona President Ann Weaver Hart and Phoenix Mayor Greg Stanton today announced that the economic impact of the UA’s downtown Phoenix academic medical center in 2013 was $961 million, according to a report released by nationally recognized consultants Tripp Umbach. “Our College of Medicine and the academic medical center have become key generators… Read More →