HOT TOPICS
City of Phoenix Breaks Ground on Girasol Apartments, Bringing New Affordable Housing to Edison-Eastlake
The City of Phoenix Housing Department and Gorman & Company, celebrated the groundbreaking of Girasol Apartments, formerly known as Sidney P. Osborn Apartments. Girasol will replace 145 outdated public housing units with 364 new affordable and market-rate apartments in the Edison- Eastlake Community. Named "Girasol" (Spanish for "sunflower") by members of the … [More]
Homebuilder Opens Community Designed to Maximize Space, Make Homeownership More Attainable
Richmond American Homes of Arizona, Inc., a subsidiary of M.D.C. Holdings, Inc., announced the Grand Opening of Fire Sky at Alamar, an exciting addition to the popular Alamar masterplan. This inviting Maricopa County community boasts four exceptional single- and two-story floor plans from the builder's sought-after Seasons™ Collection, designed to maximize space and … [More]
Goodyear Project Brings Two Class A, Mid-Size Buildings to Loop 303 Corridor
Phoenix-based Stevens-Leinweber Construction is under construction on Tex Industrial, a 17.2-acre project that will bring two new Class A, mid-size industrial buildings to Merit Partners’s sought-after PV303 master planned business park in Goodyear, Arizona. Located within the prestigious Loop 303 Corridor, Tex Industrial will include a 100,737-square-foot North … [More]
Creighton University Opens New Space on Phoenix Campus Dedicated to Student Success and Well-Being
Creighton University Health Sciences Campus – Phoenix announced the grand opening of the recently completed sixth floor. The sixth floor of the campus’ Virginia G. Piper Charitable Trust Health Sciences Building is dedicated to the academic success and well-being of Creighton students. The floor was completed with simultaneous investments from The Norton … [More]
WESTMARC to Host Business Technology Summit, Nov. 13
Join us for the Business Technology Summit on November 13, from 8 AM to 12 PM, at the PebbleCreek Tuscany Ballroom in Goodyear. This premier event will bring together industry leaders, technology innovators, and business professionals to explore the latest trends and advancements in business technology. Technology is inherently integrated into our daily lives. The … [More]
11th Annual National Veterans Small Business Week Comes, Arizona Seminars Announced
The U.S. Small Business Administration (SBA) announced that the SBA will celebrate National Veterans Small Business Week (NVSBW) from Nov. 11 to Nov. 15. The 11th annual weeklong celebration will offer both in-person and virtual events across the nation. “Under the Biden-Harris Administration, the SBA has expanded its entrepreneurial resources for veterans, service … [More]
TOP STORIES
Maricopa County Voters Invest in Progress: Passage of Proposition 479 Represents a Milestone Reached for Regional Transportation
After years of regional planning and unanimous support from the region’s leaders, Maricopa County voters have chosen continued progress with the passage of Proposition 479, a measure that will continue the dedicated half-cent sales tax for transportation for another 20 years. First passed in 1985, the dedicated tax has funded critical transportation … [More]
Annual Home Price Slowdown Continues, Says Report
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index and HPI Forecast for September 2024. U.S. home price growth continued to cool, slowing to a 3.4% year-over-year in September. Compared to with the month prior, home prices rebounded to post a very slight uptick (0.02%) … [More]
Vote In-Person or Drop Off Your Early Ballot; Here Are Some Links to Information
In-person voting began on October 9, 2024, and will continue through Election Day, Tuesday, November 5, 2024. Individuals who wish to vote in person can visit any voting location. On Election Day, Tuesday, November 5, 2024, voting locations will be open to voters from 6 AM to 7 PM. Locations are designated throughout the county and are found by … [More]
Housing Market Stays Surprisingly Active as Election Looms and Mortgage Rates Hit 7%
Mortgage rates rose to 7% for the first time since early July this week, erasing their late-summer decline into the low-6% range. That’s according to a new report from Redfin, the technology-powered real estate brokerage. Rising rates, combined with economic uncertainty and anxiety brought on by the impending presidential election, are causing some prospective … [More]
FEATURED STORIES
The Number of Renter Households Is Growing Three Times Faster Than Homeowner Households
The number of renter households rose 2.7%, in the third quarter year over year, to a record 45.6 million. That’s according to a new report from Redfin, the technology-powered real estate brokerage. That rate of growth is three times faster than the 0.9% increase in homeowner households, which now total a record 86.9 million. The 2.7% increase—representing 1.18 … [More]
Buying Like It’s 2021: Nearly Half of Recent Buyers Have a Mortgage Rate Below 5%
Almost half of recent home buyers with a mortgage secured a rate below 5%, a recent Zillow® survey shows.1 Current mortgage rates are hovering near 7%, yet many home buyers who purchased a home in the past year thought outside the box to unlock homeownership. Mortgage rates surged from historic lows of 2.65% in 2021 to decade-long highs of 7.79% by the fall of … [More]
2024 Is Shaping Up to Be the Smallest Black Friday Ever, Says GoDaddy Study
Consumers are in a giving mood this year, not just toward their friends and families, but also to small businesses. According to a new GoDaddy survey, 71%* of U.S. shoppers are willing to pay more to support small businesses during Black Friday and this year's holiday season, with an eye-popping 53%* of them willing to spend up to 10 percent more to do so. … [More]
LATEST ISSUE
The Business of Arts & Culture: How Growing Arts & Culture Benefits Our Economy
“Arts and culture is a significant industry in Arizona,” says Chris Camacho, president and CEO of the Greater Phoenix Economic Council, citing numbers that support the statement: The sector represents 3% of the state’s total GDP, employs more than 84,000 individuals and in 2022 added $14.2 billion to the economy. That last figure, he notes, is “nearly as much as … [More]
Sandra Watson, Arizona Commerce Authority
The value of arts and culture is vital when evaluating the strength of an economy. Arts and culture is not only a revenue-generating sector on its own, it has been proven over and over to be a significant element of the health of the business community and in economic development. Arizona’s vibrant arts and culture scene is critical to our unbeatable quality of … [More]
LIVE AND LEARN
6 Downtown Phoenix Buildings to Celebrate during Historic Preservation Month
In a city that’s booming with new developments, the historic places and spaces that are dotted throughout our streets can elicit a sense of mystery, awe and curiosity about days gone by. Downtown Phoenix may be considered a young city, but it’s also home to a number of historic buildings that add character to our streets, and give a glimpse into what life … [More]
Mad Hatter the Musical Premiers This Weekend
Long before Alice, there was the notorious Mad Hatter. Discover the tumultuous tale of his haunting backstory and follow his path to Wonderland, where the secrets of his transformation await in this spellbinding new musical. Audiences at the Herberger Theater Center will be the first to experience this vivid new musical production of Mad Hatter The Musical, which … [More]
THE MOORS at Estrella Mountain Community College Performing Arts Center
Inspired by the letters of Charlotte Brontë, this dark comedy about love, desperation, and visibility features two sisters and a dog living out their lives on the bleak English moors, until the arrival of a hapless governess and a moor-hen set them on a strange and dangerous path. Contemporary Queer playwright Jen Silverman has brilliantly crafted characters who each … [More]
PHILANTHROPY
PNC Foundation Awards FSL $20,000 for Resident Services Program
The PNC Foundation has awarded the FSL (Foundation for Senior Living) a $20,000 grant to assist in the implementation of a resident services program that will provide support at … [More]
The Phoenix Theatre Company’s Gala Celebrates Future of the Arts
The Phoenix Theatre Company's most anticipated event of the year, the 2024 Applause! Gala: Recipe for Success, exceeded all expectations, raising over $850,000 to support live … [More]
SRP Donates $275,000 to Support FSL’s Healthy Homes Program
Salt River Project (SRP) generously donated $275,000 to support FSL’s Healthy Homes Air Conditioning Program, which helps eliminate heat-related hazards in low-income homes. The … [More]
POSITIONS
Centuri Holdings Names New President and Chief Executive Officer
Phoenix-based Centuri Holdings, Inc., a North American utility infrastructure services company, announced its Board of Directors has appointed Christian (“Chris”) Brown as … [More]
Mesa Medical Manufacturer Names New Chief Operating Officer
BioLab Holdings, Inc., a medical manufacturer specializing in wound healing products, has hired Hernan Lopez as its new chief operating officer. With close to 20 years of … [More]
New Arizona Market Leader Named for CBRE
CBRE announced that Vanessa Williams has joined the company as Arizona Market Leader and Senior Managing Director. In this role, Williams will oversee Arizona business operations … [More]
ACHIEVEMENTS
Crow Honored with Prestigious Innovator Award
The Edison Awards, an organization dedicated to honoring the world's most innovative new products and services, is pleased to announce Michael M. Crow, president of Arizona State … [More]
Businesses Recognized for Positive Impact in West Valley at Annual Event
The 32nd Annual Best of the West Awards Dinner took place on Thursday, October 24, 2024, at Desert Diamond Arena honoring the West Valley’s best leaders, organizations, and … [More]
Chamber Announces Three Phoenix Businesswomen as 2024 Athena Award Recipients
The Greater Phoenix Chamber announced the 2024 ATHENA private sector, public sector, and young professional award recipients at its 37th Annual ATHENA Awards. Jenny Holsman … [More]