The Navajo Nation Goes Green
The Navajo Nation is currently building its first utility-scale solar farm on 300 acres near Monument Valley. The $64 million facility is expected to generate enough power for 7,700 homes in New Mexico, Arizona and Utah after its completion in late 2016.
Navajo Tribal Utility Authority Public Affairs Director Deenise Biscenti, says that “for the past several years, NTUA has explored renewable-energy resource possibilities [and] this solar farm is our move into that field, to establish a green economy for the Navajo Nation.” She also notes that the utility’s 40,000 electric customers would not see a rate increase when the solar farm opens.
Navajo officials say the plant will be built with a combination of federal loans and tax credits and will create about 100 jobs during construction and a handful of permanent positions after completion.
New MGM Arena Attracts T-Mobile Name Sponsorship
T-Mobile, AEG and MGM Resorts International announced this week that the new 20,000-seat Las Vegas sports and entertainment venue located behind New York-New York and Monte Carlo on the Strip has a catchy new name: T-Mobile Arena.

In a naming right agreement negotiated by AEG Global Partnerships, the T-Mobile Arena is set to host concerts, bull riding, UFC, boxing, hockey, basketball, awards shows and more. Already, all 42 of T-Mobile Arena’s luxury suites have sold, but a limited number of opera boxes, club seats, and bunker suites are still available. T-Mobile Arena will have a limited number of founding partners, which includes Coca-Cola, Cox Business, Toshiba America Business Solutions Inc. and Schneider Electric.
ViaWest Group’s Multi-Million Dollar Renovation of the Biltmore Financial Center
ViaWest Group announced it will undertake a multi-million dollar renovation of the Biltmore Financial Center. The soon-to-be-renovated Class A office complex consists of three buildings and approximately 635,000 square feet at the northwest corner of 24th Street and Camelback Road in Phoenix. Renovation begins in January, ViaWest expects it to be complete in July.
The newly renovated center will include eight suites totaling 35,000 sq ft, a 3,500-sq-ft tenant lounge and conference room, improved bathrooms and workout space, updated lobby space, corridors and elevator lobbies.
Major Biltmore Financial Center tenants include Fennemore Craig, Colliers International and Northern Trust.
Valley Partnership Announces Breakfast Topic for First Meeting of 2016
Valley Partnership announced that its annual ‘look ahead’ will take place on Jan. 29th and features a panel of real estate experts including Alan Maguire, President and Principal Economist, The Maguire Company; Sheryl Palmer, President/CEO, Taylor Morrison; and Neil Giuliano, President/CEO, Greater Phoenix Leadership. Kurt Rosene, Principal of NOVO Development, will moderate the panel. The focus will be on the annual commercial real estate preview for the coming year.
Registration begins at 7 a.m. and the panel begins at 7:45 a.m. To register, visit
AIG Invests in Sensored Construction Vests
At the International Consumer Electronics Show in Las Vegas, American International Group, or AIG, announced its investment of an undisclosed amount in Human Condition Safety, a maker of wearable devices. The company’s offerings include sensored construction vests designed to monitor the movements of employees in factories, construction sites, and other hazardous workplaces in an attempt to reduce on-the-job accidents. AIG's interest in the wearables stems from a broader push from insurers to use the sophisticated data analysis from the devices in an attempt to cut costs and boost profits.
Currently, Human Condition Safety has a pilot project under way at Citi Field, home of the New York Mets, to simulate conditions on construction sites and large venues in order to test the wearables and help determine what series of events lead to trips, falls and other preventable injuries.