Deals & Investments

Vector Launches Rocket From Spaceport Camden, Georgia

Via Tucson, Arizona-based Vector – a micro satellite space launch company comprised of new-space and enterprise software industry veterans from SpaceX, Virgin Galactic, McDonnell Douglas, Boeing, Sea Launch, and VMware – has made a successful suborbital flight of its B0.002 test vehicle, a full-scale prototype of the company’s Vector-R launch vehicle. The two-stage Vector-R (shown above in January 2017) is 12m tall, 1.1m in diameter, weighs 6,000kg, and can

Smith & Wesson To Takeover AZ-based "Fish Tales"

Via American Outdoor Brands, the holding company for gun maker Smith & Wesson, completed its $10 million acquisition of Gemini Technologies this week, according to a statement released Monday. The rugged outdoors conglomerate first announced its plans to acquire the suppressor manufacturer last month — one of many new companies to join AOBC’s growing portfolio of brands. “Gemtech is widely recognized for producing some of the finest rifle and

Northwest Side Apartment Complex Fetches $37.6M

Via Tucson’s apartment market continues its hot streak with the recent $37.6 million sale of Mission Palms complex on the northwest side. Art Wadlund and Clint Wadlund, of Berkadia, represented both the buyer, ROC Senior Living, and the seller, Stoneweg US LLC. “We’ve seen strong apartment demand across the Tucson market all year,” Art Wadlund said. “Mission Palms was a great investment opportunity due to the quality of the

As NAFTA Talks Loom, Mexican Officials Visit Business Leaders

Via As talks about revisiting the North American Free Trade Agreement approach, Mexico is aggressively promoting a message of wanting to preserve and enhance the 23-year-old treaty. But rolling back any provisions that Mexico views as favorable to all three countries is not negotiable, Kenneth Smith Ramos, head of the Trade and NAFTA office at the Embassy of Mexico, said during a recent visit to Southern Arizona. “We want

NB|AZ Creates 1st VP Of Agribusiness Lending

Via National Bank of Arizona (NB|AZ), a division of Zions Bancorporation, has appointed Howard Barrett as Vice President of Agribusiness Lending. Barrett brings extensive agribusiness lending experience with a focus on the southwestern agricultural sector. “It is a great opportunity to be a part of the NB|AZ Corporate Banking team, leveraging my professional experience in agricultural credit,” said Barrett. “We plan to pursue specialty lending opportunities in the agribusiness market. Our

Out Of California - Into Arizona?

Via I received an interesting email from a good friend recently with a message that really stuck with me.  Here is the email copied directly from the original: “Just thought I’d let you know that I was on a flight on Monday and happened to sit next to a gentleman from San Diego who runs a very large real estate investment and development company. He said they are in the

Arizona's Firm Buys One Of Metro Denver's Largest Real Estate Brokerages

Via DENVER BUSINESS JOURNAL – Colorado residential real estate brokerage Cherry Creek Properties has been acquired by an Arizona firm, HomeSmart International. Greenwood Village-based Cherry Creek Properties posted $1.15 billion in 2015 sales volume and $49 million in revenue last year. It ranked as metro Denver’s seventh-largest Denver-area residential brokerage in 2016, according to DBJ Book of Lists research. According to HomeSmart, Cherry Creek Properties has 1,514 agents. The

Phoenix v. Arizona Lawsuit: Roosevelt Row BID Nullified After months of controversy, there’s a ruling in the Phoenix v. Arizona lawsuit over the Roosevelt Row arts district. It nullifies years of work by downtown Phoenix community organizers. On Monday, July 24, Superior Court Judge Daniel Kiley ruled in favor of the state. The case stemmed from efforts to create a Roosevelt business improvement district (or BID) that would tax property owners in the Roosevelt Row neighborhood to

Sonnen Signs A Deal to Put Storage In New Arizona Housing Developments

Via Sonnen has signed a contract with an Arizona homebuilder to install its energy storage systems along with rooftop solar on each residence in forthcoming developments. This has long been a goal for the company, which aims to create a community of homeowners who produce and exchange clean energy, while performing distributed grid services. The sonnenCommunity in Germany has grown to 8,000 members and functions like its own utility.

SAP Opens New Regional Technology Hub In Arizona

Via SAP SE(NYSE: SAP), a global leader in enabling digital business, today announced the opening of a state-of-the-art office at a new tech park built on the 58-acre-large Grand at Papago Park Center in Tempe, Arizona, in the heart of the Phoenix metropolitan area. The presence of SAP, who is a massive, global enterprise software provider in Tempe, further establishes the region as a rapidly developing technology hub, akin