TUCSON, Arizona – The University of Arizona Center for Innovation (UACI) is pleased to announce that CarbeniumTec has won the UACI Sponsored Launch Fueled by Perkins Coie LLP competition.  

CarbeniumTec is disrupting the energy storage industry with their groundbreaking metal-free Redox Flow Battery. CarbeniumTec’s technology is based on University of Arizona research and is in the process of being licensed through Tech Launch Arizona (TLA). To move the technology out of the lab and prepare the company for a license to take the invention into the marketplace, TLA has provided intellectual property advice and prosecution, mentorship, customer discovery through its NSF I-Corps program, funding to advance the technology through its Asset Development program and connected the team with leadership through its Commercialization Partners program. 

CarbeniumTec will receive one sponsored year of admission at UACI which includes venture development programming and space. Access to UACI provides the winning startup with a structured incubation program, customized business support and the ability to work alongside other startups in a fast-paced environment. UACI provides access to the people, programming and places needed to scale a business.  Other tools the incubation program provides are office and lab space and assistance through a 27-point roadmap that helps them with everything from refining their business model to obtaining funding. CarbeniumTec will also receive a cash award of $10,000 and $5,000 for legal services. The total prize package is valued at $25,000.  

Applications were reviewed by a panel of community champions and the winner was selected by the following panel of judges:   

• Raj Gangadean, Perkins Coie LLP
• Allen Freed, AJ Freed 
• Marie Wesselhoft, President & Co-Founder, ZeloxDx Inc. 
• Rong Wang, Founder, Banyanbaum, LLC.  

“Our team is thankful for this great opportunity, and we are looking forward to being part of the incubation program. Thanks to UACI experience, support, infrastructure and partnerships, CarbeniumTec will thrive by gaining legitimacy, exposure to funding opportunities, and grow its technology to a marketable product,” shared Thomas Gianetti, CEO, CarbeniumTec.  

CarbeniumTec will join UACI after they license their technology from the University of Arizona. In addition to participating in the UACI program, the company will take office space at UACI located at the UA Tech Park thanks to the generous contribution from Perkins Coie LLP.  

PHOENIX, ARIZONA – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $37,500,000 / $300,000 Per Unit / $360.11 Per SF sale of The Vicinity Apartments, a 125-unit multifamily apartment community located at 6131 North 16th Street, Phoenix, AZ 85016. ABI Multifamily’s Phoenix-based Institutional Apartment Group – Alon Shnitzer, Rue Bax, Eddie Chang, and Doug Lazovick facilitated the transaction.

The buyer and seller are based in Arizona.

The Vicinity Apartments is a 125-unit apartment community located in north-central Phoenix, AZ. Situated just north of East Bethany Home Road between 16th Street and State Route 51, residents enjoy direct access to all areas of Phoenix by way of these major thoroughfares as well as the Interstate-10, Interstate-17, and State Route 202. Neighborhood conveniences and services in close proximity to the property include: Sprouts Farmers Market, Safeway, Chase Bank, Walgreens Pharmacy, Wells Fargo Bank, and Cost Plus World Market. Additional area dining and entertainment options are also located at the nearby intersection of 16th Street and Bethany Home, just a five-minute walk from the property, and include highly sought after and exclusive destinations such as: The Vig Uptown, Sweet Republic, Luci’s Healthy Marketplace, Rehab Burger Therapy, and Bluewater Grill. About 2.2 miles to the southeast, The Biltmore Fashion Park offers 517,000 square feet of prime retail space in one of Phoenix’s most affluent areas. Anchored by Macy’s and Saks Fifth Avenue, this upscale, premier outdoor lifestyle center offers a collection of over 70 retail and fine dining destinations. These aspects make The Vicinity Apartments a highly desirable community for its residents.

Built in 1975, The Vicinity Apartments features 125 units in 10 two- and three-story buildings. All 10 buildings are of wood frame construction and stucco exterior finishes, flat roofs, and situated on approximately 4.32 acres of land. The property features an attractive mix of 49 one-bedroom units, 26 two-bedroom townhome-style units, and 50 two-bedroom / two-bathroom units with a weighted average of 833 square feet. Each unit is individually metered for electricity and gas, features individually mounted HVACs, and has hot water provided by a master boiler. Interior amenities include: air conditioning / heating, hardwood-style flooring, walk-in closet, patio / balcony, extra storage, and kitchen fully-equipped with stainless-steel appliance packages (select units), oven / range, refrigerator, garbage disposal, microwave, and pantry. The community also provides its residents with a swimming pool and spa, fitness center, business center, laundry facility, clubhouse, open courtyard, barbecue grills, picnic area, mature landscaping, controlled access, and on-site covered and open parking.

Significant employers in close proximity to the property include the numerous companies located in Midtown, Downtown, and the Camelback Corridor, as well as Banner Health, St. Joseph’s Hospital, U-Haul International, Wells Fargo, and Phoenix Children’s Hospital.

TUCSON, Arizona – Keenan Driscoll has been selected to serve as the next chief financial officer for Sundt Construction. In his new role, he will support executive leadership in driving business performance with short-term and long-term business decisions regarding asset and liability management, risk management and effective internal controls. He will also join the Sundt Companies Board of Directors. To help ensure a smooth transition, Driscoll will work closely with the company’s longtime chief financial officer Kevin Burnett, who will remain with the company through April before retiring.

“Keenan is already proving to be an excellent addition to Sundt,” said Sundt’s CEO, President and Chairman of the Board, Mike Hoover. “He brings a broad corporate finance background, including specific financial experience in the construction industry.”

Driscoll joins Sundt after more than 11 years with AECOM, one of the world’s leading infrastructure services providers. During his tenure, he served as the company’s global treasurer as well as the chief finance and operations officer for the Americas, with responsibility for financial planning, controllership, project accounting, support services, procurement and real estate.

“I am very excited to join Sundt,” said Driscoll. “The company has a strong reputation in the industry and a unique employee-ownership culture that has driven its success. I look forward to working with the team and continuing to build the company’s sustainable future.”

Prior to joining AECOM, Driscoll spent 10 years working in investment banking. He began his career in the construction industry as a project engineer after graduating from college. Driscoll holds an MBA from the University of Michigan and a bachelor’s degree in civil engineering from Tufts University. He and his wife are active community members, supporting a variety of organizations such as Juvenile Diabetes Research Foundation, Make-A-Wish Foundation and Dana Farber Cancer Institute.