All posts in "Deals & Investments"

Kitchell Tops Off UA Health Sciences Building

 

Via azbigmedia.com

The commemorative last steel beam was put into place recently at the University of Arizona Health Sciences Innovation Building project in Tucson, a world-class center designed to be the vanguard for inter-professional health professions education in the United States.

“We have experienced a tremendous evolution in the types of facilities we are building to accommodate today’s complex healthcare climate,” said Kitchell Contractors President Steve Whitworth. “Working on this facility extends our experience on hospitals and community health clinics to higher education, and we couldn’t be more pleased about contributing to the changing landscape on the University of Arizona campus.” Kitchell is the project’s general contractor.

The $165 million facility broke ground last year. Designed by Los Angeles-based CO Architects with Tucson-based Swaim Architects, the 10-story, 220,000-square-foot building is located on the west side of the Arizona Health Sciences Campus, north of the Bio5 building off East Helen Street and North Cherry Avenue. The project is envisioned to foster collaboration among multidisciplinary teams of students and faculty in all four colleges: medicine, nursing, pharmacy and public health. Classrooms can accommodate as many as 150 people in a flexible “flipped classroom” format, which prioritizes group work over lectures. The building also includes a special events space that allows for more than 1,000 people.

 

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Pet Supply Giant Chewy Brings 700 Jobs To Goodyear

 

Via azbigmedia.com

Online pet products retailer Chewy, Inc. has committed to bringing 700 new full-time jobs to Goodyear as part of its latest expansion into the southwestern United States.

The 49-acre site that the company selected for its 802,671 square foot e-commerce facility is located south of Van Buren Street on 143rd Avenue in the Airport Gateway Development, a 230-acre master planned business park. Construction of the facility began in November in anticipation of taking occupancy in the second quarter of 2018.

Goodyear Mayor Georgia Lord welcomed the city’s latest investor saying “We are thrilled to announce that Chewy, Inc. has chosen Goodyear as the location for their internet fulfillment center. E-commerce will continue to be a significant driver of our nation’s economy and Goodyear is proud to be home to an innovative company like Chewy, Inc.”

 

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Kingman To Get 60,000 sqft Manufacturing Facility

 

Via plasticsnews.com

Valencia Pipe Co. expects to begin production of ABS pipe at a new 60,000-square-foot facility in Kingman, Ariz., on Feb. 1.

The Valencia, Calif.-based company is building a manufacturing plant with 10 extrusion lines on a 13-acre site that has room for expanding capacity, according to a news release.

VPC will produce ABS pipe in diameters of 1½ inches to 6 inches for drain, waste and vent applications as well as underground medium density polyethylene gas pipe.

 

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New Institute For Congestive Heart Failure Helps Keep Patients Out Of Hospital

 

Via azcapitoltimes.com

Abrazo Arizona Heart Hospital has opened its new Institute for Congestive Heart Failure that is being touted as one of the nation’s first of its kind for its comprehensive, patient-centered care.

With a goal of keeping patients out of the hospital, the Institute for Congestive Heart Failure encompasses everything from prevention and early detection using new diagnostics to an array of treatment options, including optimized medications and revolutionary, minimally invasive procedures that help the heart work better.

As the institute’s new medical director, Dr. Kris Vijay leads a multi-disciplinary team of caregivers – from nurses and pharmacists to dietitians and nephrologists (specialists in treating kidney disease).

 

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Downtown Phoenix’s Roosevelt Row Continues To Attract Developers, Businesses

 

Via azcentral.com

Boarded-up buildings and weed-filled vacant lots were the norm in metro Phoenix’s oldest historic neighborhood not too long ago.

Now, the 100-plus-year-old Roosevelt District in downtown Phoenix has evolved before our eyes into Roosevelt Row, one of the most popular neighborhoods in not only metro Phoenix but the U.S.

The bustling Central Avenue and Roosevelt Street hub of Roosevelt Row was recently voted the sixth most popular metro Phoenix intersection by Urban Land Institute Arizona. The area didn’t even make the list 10 years ago.

 

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Digital Mattress Company Goes Brick-n-Mortar

 

Via azfamily.com

PHOENIX – It’s a Saturday morning in downtown Gilbert, and, for September, temperatures are still sweltering. The sun beats down as a local farmer’s market sells homemade jams and families walk their dogs. The buzz of couples chattering over brunch can be heard from the sidewalk. But, tucked just behind the restaurants that line Gilbert’s Heritage Square, people line up to be one of the first 100 customers to claim a free Tuft & Needle pillow at the grand opening of its fourth brick-and-mortar location.

Suburban Gilbert doesn’t resemble the hoodie-clad, tech-savvy millennials that fill Tuft & Needle’s headquarters, located about 20 miles away in downtown Phoenix. The crowd is a congregation of middle aged and grey haired people, accompanied by children playing as they wait for their turn to enter the new storefront.

The majority of Tuft & Needle’s marketing is encompassed by defiance of traditional norms in mattress sales, including high pricing and use of materials deemed unnecessary. In addition, its self-proclaimed “disrupt” of the mattress industry was initiated by a unique and unseen business model: online exclusivity.

 

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Alaska USA Federal Credit Union Moving Operations Hub To Glendale, Bringing 136 Jobs

 

Via azcentral.com

Alaska USA Federal Credit Union will move its California operations center — and 136 jobs — to Arizona in 2018, expanding its footprint in Glendale.

The banking company already has a data center in Glendale’s Talavi Business Park, near 55th Avenue and Bell Road, that employs 65 people. The 185,000-square-foot operations center will be next door at 5551 W. Talavi Blvd.

This will be the credit union’s second operations center. The other is in Anchorage, Alaska.

 

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Free, Next-day Car Delivery Coming To Tucson From Carvana

 

Via businesswire.com

TUCSON, Ariz.–(BUSINESS WIRE)–Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, today announced its expansion into Tucson, the company’s second market in Arizona. Area residents can shop more than 8,000 vehicles, finance, purchase and even trade in an old car in as little as 10 minutes from the comfort of home or on the go from their mobile device – all with free, as-soon-as-next-day vehicle delivery.

Carvana’s transparent, no surprises approach puts customers in control of the car buying process. With nearly 12,000 online customer reviews and an average rating of 4.7 out of 5 stars, Carvana is completely focused on giving customers an exceptional experience, time back in their days and money back in their wallets. In 2016, customers who purchased a car through Carvana saved an average of $1,430 versus the Kelley Blue Book® Suggested Retail Value.

All Carvana cars have passed a rigorous 150-point inspection, have never been in a reported accident, nor have frame damage. Customers can view all features, imperfections and updated information about open safety recalls on the car’s vehicle description page. In addition, Carvana’s seven-day test-own gives customers the time and peace of mind to ensure that their vehicle fits their life. If customers aren’t satisfied, they can return it within seven days for a full refund.

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Chinese Startup TuSimple Just Raised $55 Million For Self-Driving Trucks In AZ

via fortune.com

TuSimple, a China-based autonomous truck technology startup that is backed by Nvidia(NVDA, -3.53%), has raised $55 million in a Series C funding round led by Composite Capital.

Existing investors Sina (SINA, -2.58%), operator of China’s biggest microblogging site Weibo, and ZP Capital also participated in the round. In August, the company announced $20 million in funding from investors that included Nvidia and Sina. The company is working on a “full-stack solution,” an industry term that means it’s developing and bringing together all of the technological pieces required for autonomous driving. TuSimple is developing a Level 4 system is a designation by the SAE that means the vehicle takes over all of the driving in certain conditions.

The autonomous trucking startup, which was founded in 2015, plans to use the new influx of capital to scale up its testing to two full truck fleets in China and the U.S. The eventual plan is to introduce commercial autonomous trucking services in 2019. The company will start truck fleet testing in 2018, beginning with two routes: 120-mile highway stretch between Tucson and Phoenix in Arizona and another segment in Shanghai.

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Pima County Breaks Ground On Seniors And Veterans Housing Projects

 

Via azbusinessdaily.com

The Pima County Housing Center has recently broken ground on a $2.85 million project for a pair of senior and veterans housing projects.

District 5 Pima County Supervisor Richard Elias, Tucson Mayor Jonathan Rothchild, and other local and state officials recently broke ground on the project, which will include 20 apartments to accommodate low-income seniors who live with a caregiver or family member.

The complexes, which will be built adjacent to the TMM Family Services main campus on North Country Club Road, was funded by $545,000 in voter-approved bond funding and $708,000 in HOME funds federal grant money.

 

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