Business News Archives

Avnet Technology Solutions earns honor

January 29, 2014 by in Business News | Tech

Avnet Technology Solutions, the global IT solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), today announced that it is a recipient of the Riverbed Technology Distribution Partner of the Year 2013 Award for the U.S. and Canada. The Riverbed Partner Awards recognize companies for excellence in delivering on customer needs and driving business… Read More →

P.F. Chang's Launches New Winter Seasonal Menu

January 29, 2014 by in Business News | Dining

Just in time for the Chinese New Year, P.F. Chang’s is introducing its latest seasonal menu at locations nationwide. The new Winter Seasonal Menu, available now, features fresh and savory flavors that bring warmth to guests during the coldest months. With six new dishes, two desserts and two cocktails, guests will find plenty of ways… Read More →

Cassidy Turley Completes $1.375M Office Condo Sale at Riverside Office Plaza II

Riverside II, Cassidy Turley
January 28, 2014 by in Brokerage | Business News

Cassidy Turley sold 13,419 SF, consisting of three office condos, at Riverside Office Plaza II, 1255 West Rio Salado Parkway in Tempe. FP Real Estate Holding, LLC dba Sonoran Spine Center (Phoenix) purchased the property for $1,375,447 ($102.49/psf) from Southwest Value Partners (Phoenix). Executive Managing Director Jeffery Wentworth and Vice President Sean Spellman, with Cassidy… Read More →

SOLON Completes 1.9 MW of Arizona Solar School Projects

srp installs solar energy systems
January 28, 2014 by in Business News | Energy | Green

SOLON Corporation, a leading provider of solar energy solutions in the southwest, announced today the completion of 1.92 MW of solar systems for three Arizona school districts – Liberty Unified School District, Ft. Huachuca School District and Pima County Joint Technical Education District (JTED). The systems are comprised of solar canopies and rooftop systems covering… Read More →

GoDaddy Helps Small Businesses Get Found Online

There's more to building an Internet presence than just posting a Web site, 2008

GoDaddy, the world’s top platform for small businesses, today expanded its product portfolio with the introduction of Get Found, which helps small businesses attract new customers on popular destinations, including Google, Yahoo, Facebook and Yelp. How many times have you tried to contact or visit a local business only to find out their phone number… Read More →

W. P. Carey School Offers 4 Free Summer Programs

January 28, 2014 by in Business News | Education

One of the top business schools in the nation is about to offer high school students four free summer programs to help them learn what college life is really like. The highly ranked W. P. Carey School of Business at Arizona State University is now accepting applications for all four college-prep programs, each with a… Read More →

Wetta Ventures, ASU to redevelop College Ave.

Rendering courtesy of Brick & West Design and RSP Architects

Wetta Ventures and Arizona State University today announced a partnership to redevelop a portion of College Avenue as part of an adaptive reuse project that includes  the former ASU Annex. Begun in December, the project will convert the Annex, a 7,323 square-foot-building on the corner of College Ave. and Sixth Street next to the Mona… Read More →

Executive Q-and-A: Megan Creecy-Herman

Megan Creecy
January 28, 2014 by in AZRE Magazine | Business News

Megan Creecy-Herman Senior Director, Leasing & Development, Liberty Property Trust Years in CRE: 11 Years at company: 1.5 What was it about the industry that attracted you? The excitement of building a career in an industry where I knew that no two days would be the same. Our industry is dynamic and constantly evolving with… Read More →

PICOR Releases Recent Transaction List

3895 Business Center Drive
January 27, 2014 by in Brokerage | Business News

Lillian Vasquez leased 442 square feet at 3045 N. 1st Avenue, Unit F in Tucson from Foothills Business Ventures, LLC.  Tom Nieman, Principal and Office Specialist and Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord. Top Notch Barber Shop leased 923 square feet at 4555 S. Palo Verde Road,… Read More →

Tucson Commercial Real Estate Market Review

RED Awards banner
January 27, 2014 by in Business News | Industry Insiders

PICOR released the following Tucson commercial real estate market review: Office The Tucson office vacancy rate ended 2013 in familiar territory, at 12.2%, with medical and associated uses continuing to shine more brightly than financial and service sector requirements. Investment activity picked up in the fourth quarter, with seven of the ten largest buildings sold… Read More →

Cuningham Group Architecture Expands Practice in Phoenix

The new Cunningham Group office is at 116 W. McDowell Rd., Suite 100, in Phoenix.
January 27, 2014 by in Architecture | Business News | Newsmakers

Cuningham Group Architecture, Inc. has established a new Phoenix office, expanded its practice areas in the region and added architect, Nabil Abou-Haidar to its Phoenix team. As senior living practice leader, Abou-Haidar is dedicated to the design of senior living communities including independent living, assisted living and memory care, skilled nursing, and hospice care. Abou-Haidar… Read More →

Sequoia Pathfinder Academy at Eastmark to Open in August

Pathfinder Elementary, Eastmark, DMB

Edkey Inc., the parent company of 16 Sequoia Charter Schools, has completed construction plans for the new $6.5 million kindergarten through 6th grade Sequoia Pathfinder Academy at Eastmark, located on Eastmark Parkway, north of Ray Road in Mesa. The new tuition-free elementary school, which will serve 400 students, is scheduled to open in August for… Read More →

Avnet Building Sells for $21.5M

Good Samaritan Hospital - AZ Business Magazine Mar/Apr 2011
January 27, 2014 by in Brokerage | Business News

Cushman & Wakefield of Arizona, Inc. has negotiated the $21.5M sale of the AVNET Building, a Class-A office property located at 8700 S. Price Rd. The two-story building, which was constructed in 2000, totals 132,070 SF and was 100 percent occupied by AVNET, Inc. at the time of the sale. It is located in the… Read More →

Timberline Place in Flagstaff Sells for $11.825M

Timberline Place, Cassidy Turley
January 27, 2014 by in Brokerage | Business News

Cassidy Turley sold 102 Class-A units at the Timberline Place condominium community located in Flagstaff.  Clear Sky Timberline LP, an entity formed by Clear Sky Capital (Marcus Kurschat), a Phoenix based company purchased the property for $11.825M ($115,931 per unit).  Executive Managing Directors David Fogler and Steven Nicoluzakis, with Cassidy Turley Arizona’s Multi-Family Investment Group,… Read More →

CBRE Negotiates Sale of Setting Sun Apartment Complex

St. Lukes Tempe Clinic Hospital 1944 - AZ Business Magazine Mar/Apr 2011
January 27, 2014 by in Brokerage | Business News

CBRE has negotiated the multifamily sale of Setting Sun apartment complex in Glendale. Eightysun, LLLP of Vancouver, British Columbia, Canada, has purchased the Setting Sun apartment complex, a 28-unit multi-family property located at 6923 N. 80th Ave. in Glendale, from Poway, Calif.-based seller Dramms LLC. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented… Read More →

Goodyear earns award for fiscal responsibility

Arizona Business Financing

For the 13th straight year, the city of Goodyear won the Distinguished Budget Presentation Award from the Government Finance Officers Association, highlighting the city’s long-standing methods of fiscal responsibility. It also marks the 18th time overall that Goodyear has won the GFOA award. Goodyear Finance Director Larry Lange accepted the award for the city. “It’s… Read More →

ZELL Releases Recent Transaction List

Scottsdale Seville
January 27, 2014 by in Brokerage | Business News

ZELL COMMERCIAL REAL ESTATE SERVICES, INC., a full-service shopping center management and leasing firm based in Phoenix, announced the following retail lease transactions: PAPA CHEVO’S TO OPEN RESTAURANT IN AHWATUKEE FOOTHILLS Papa Chevo’s, a local Mexican restaurant chain,has leased 2,600 SF in Ranch Circle Plaza located at 4302 E. Ray Rd. in the Ahwatukee Foothills… Read More →

Parsons Foundation boosts Elevate Phoenix


Elevate Phoenix today announced a $58,000 grant from The Bob & Renee Parsons Foundation. The Foundation’s grant will provide privately-funded need-based scholarship opportunities for DREAMers, who do not qualify for public scholarship assistance funds, to pursue a college education through Elevate Phoenix’s LIFT for Success Program. “How we raise and teach our children will impact… Read More →

Executive Q-and-A: Gregory Valladao

January 25, 2014 by in AZRE Magazine | Business News

Gregory Valladao Senior Managing Direct/Market Leader, Cushman & Wakefield Arizona Years in CRE: 17 Years at company: 3.5 What was it about the industry that attracted you?   I heard how great “closing dinners” were, and I was hooked. Seriously, in the mid-1990s I was grinding out billable hours as a litigation attorney when I… Read More →

SCL Health System, Univita Acquire Home Health Company

Medical Technology - AZ Business Magazine January/February 2012

SCL Health System, along with its joint venture partner, Scottsdale-based Univita Health, announced today the acquisition of Denver-based All Care Home Health LLC. Terms were not disclosed. The acquisition of All Care, a home healthcare company that provides skilled nursing, physical therapy, occupational therapy and social work services in metro Denver, is a major milestone… Read More →

Limelight Helps LiveExercise Reach Global Audience

January 24, 2014 by in Business News | Sports | Tech

Limelight Networks (Nasdaq:LLNW), a global leader in digital content delivery, today announced that LiveExercise, the leading provider of online video at home workouts, has selected Limelight OrchestrateTM (“Orchestrate”) Video to power their online video content. LiveExercise is an online health and fitness destination dedicated to making healthy living affordable and accessible for all body types,… Read More →

Inilex Named to Forbes Most Promising List

January 24, 2014 by in Business News | Tech

Inilex, a leading provider of telemetry solutions for vehicles, has been named to a list of America’s Most Promising Companies by Forbes magazine. This marks the second time that Inilex has ranked on this prestigious list, which recognizes the fast-growing, private U.S. businesses with brilliant prospects. Inilex manufactures and sells SkyLINK – an intelligent vehicle… Read More →

Danley Realty Wins $25,000 for St. Mary's Food Bank


Walt Danley Realty, a Paradise Valley luxury real estate firm and Arizona’s exclusive affiliate of Christie’s International Real Estate, was a grand prize winner of the 4th Annual 2013 Super Service Challenge for its community service to St. Mary’s Food Bank. The award was a $25,000 donation to St. Mary’s Food Bank. “We are thrilled… Read More →

First Solar Starts Construction on Barilla Solar Project

January 23, 2014 by in Business News | Energy | Green

First Solar (Nasdaq: FSLR) announced that the company has begun construction on Phase I of the Barilla Solar Project in Pecos County, Texas, west of Fort Stockton. The 22 megawatt (MW)AC project is expected to begin commercial operation in mid-2014. First Solar will build, commission and operate the power plant, and offer the output to… Read More →