A Las Vegas industrial developer that has entered the Phoenix market with big plans said it recently secured financing needed toThe new development known as Virgin Industrial Park will comprise more than 1.5 million square feet of space between five buildings and two phases on 110 acres near Olive and Peoria avenues near Reems Road.
“In light of the dramatic shifts in the capital markets, we are all very grateful to get this loan closed with Citizens Bank,” said Mike Chernine, principal at IndiCap, in a statement. “We are thrilled to be moving forward with the two-phase project for Virgin Industrial Park.” The first phase of the facility is expected to start in Q1 of 2023, while the second phase is slated to break ground in Q3 of next year. The park is being developed in partnership with JLL and Invesco.
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Pepsi, BetMGM, Rolling Stone bringing Super Bowl parties to Phoenix, Glendale, Scottsdale - Phoenix Business JournalThe Pepsi Big Game Bash is coming to downtown Phoenix. while Rolling Stone Live is making plans for its party in Scottsdale. And a pair of country music stars will be on hand for BetMGM's event in Glendale. The three events join a slew of other festivities surrounding the Super Bowl in the Valley.
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Glendale considers incentives for affordable housing developers - Phoenix Business JournalThe city of Glendale said that it has a larger proportion of residents who need affordable housing units. Here's how it proposes to get some less expensive homes built inside city limits.
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Business News - Latest Headlines on CNN Business | CNN BusinessView the latest business news about the world’s top companies, and explore articles on global markets, finance, tech, and the innovations driving us forward. Great, now all I need is some money to dump into a 401k Good news for you people who don't need money before age 73. The Federal match is unconstitutional: it is illegal to take after-tax govt revenue and incentive a tax-deferred account that is 100% taxed on distributions. Why force 401ks by making it automatic? It has penalties, restricts choices, and 100% of each $1 distribution is taxed!
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Buckeye moves forward with plans to rezone 300-acre site for industrial development - Phoenix Business JournalThe city's planning commission approved a preliminary plat for a new industrial park and the rezoning for hundreds of acres for another development. The approvals will help add more sites to the city's growing industrial corridor along State Route 85.
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Arizona Defense and Industry Coalition has three chief targets for 2023 - Phoenix Business JournalThe Arizona Defense and Industry Coalition, or AZDIC, was first announced in November as a statewide effort to unify the players in the state and promote their interests in Congress. Here's what it hopes to accomplish this year. Target 1. More wars. Target 2. Even more wars. Target 3. Never end wars.
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Executives plan to establish Zenith Private Bank & Trust in Scottsdale - Phoenix Business JournalA group of executives are looking to establish a new Arizona community bank, Zenith Private Bank & Trust, in Scottsdale. The founding group says it has already raised millions of dollars and is waiting for regulatory approval to open for business.
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