Phoenix Housing Market Optimism for 2024 Crushes a Trying 2023

Continued population growth and dropping interest rates shine a bright light on the first quarter 2024

inbusinessPHX.com

The residential real estate market was the worst in 2023 since the Great Recession in 2009. It’s a good year to put behind the industry and prepare for a better 2024 with lowering interest rates and increasing population, according to Phoenix REALTORS®. Looking back over the year, new listings dropped 25.3% from the same 11-month period for 2022. A new report from Phoenix … [More]

Partnership to Help Primary Care Providers Remain Independent, Thrive in Value-Based Care Model

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Equality Health, a leader in value-based care, and Datavant, a leader in health data exchange for VBC organizations, announced a partnership to deliver to PCP practices in the Equality Health Network an automated, data exchange integration between Equality Health's CareEmpower® platform and practices' EHRs. CareEmpower is Equality Health's proprietary technology that enables … [More]

Phoenix Engineering Co. Acquired by National Engineering Services Firm

inbusinessPHX.com

Bowman Consulting Group Ltd., a national engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment, announced the acquisition of Hess-Rountree, Inc., a full-service engineering firm headquartered in Phoenix, Arizona. With an emphasis on renewable energy, educational and sports facilities projects, … [More]

Homebuilder Debuts Two New Design Studios in the Phoenix Area

inbusinessPHX.com

KB Home announced the grand opening of two new Phoenix-area Design Studios, providing even more convenience for customers. These retail-like showrooms offer a one-of-a-kind experience where homebuyers can get both expert advice and the opportunity to select from a wide range of design choices to personalize their new home. At the new East and West Valley Design Studios, buyers … [More]

Hot Air Balloon Operator Opens New Facility in Glendale

inbusinessPHX.com

Premier hot air balloon operator Rainbow Ryders Hot Air Balloon Ride Company opened its new facility in Glendale last week. Wednesday marked the first day it welcomed flyers to the beautiful new space, located at 7934 N Glen Harbor Blvd, and to experience a new elevated view of the Valley. The nearly 14,000 square foot facility, built by Ganem Construction, was designed to … [More]

Attainable Housing Co. Hits Milestone, Completes 4,000th Unit

inbusinessPHX.com

Arizona’s attainable housing leader, Greenlight Communities, is proud to close out 2023 with several major milestone, including 4 completed and 6 new attainable rental communities currently under construction across the state, further expansion into Southern Arizona and additional future plans to expand into Peoria and Surprise. Founded in 2018, Greenlight Communities was … [More]

Cactus 101 Business Park Secures Two National Companies

Tenants take nearly 100,000 sf as part of business expansions in Greater Phoenix

inbusinessPHX.com

Colliers in Arizona has represented Hopewell Development in signing two leases at its recently completed Cactus 101 Business Park in Peoria, AZ, a northwest suburb of Phoenix. LD Products, Inc. and Clopay Corporation have collectively taken nearly 100,000 square feet of space at the project. “We are pleased we were able to complete transactions with two national credit … [More]

Meta Teams Up with SRP to Support Data Center with Clean Energy from New Solar and Battery Project

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Meta announced its Mesa data center will soon be supported by new solar energy from Salt River Project (SRP) through a contract with a leading U.S. clean energy provider, Ørsted. Under the contract, Meta will receive the majority portion of the solar energy generated by Ørsted’s Eleven Mile Solar Center, a 300-MW solar farm and 300-MW, four-hour battery energy storage system … [More]

Governor Announces Federal Grant to Study Potential Restart of Daily Passenger Rail Between Phoenix and Tucson

inbusinessPHX.com

Governor Katie Hobbs announced Arizona has received a $500,000 grant from the U.S. Department of Transportation to continue studying the potential of restarting Amtrak service between Phoenix and Tucson. The federal funding builds on $3.5 million state leaders committed for planning of passenger rail service. “I am thrilled to deliver this critical funding for Arizonans,” said … [More]

Sprouts Broadens On-Demand Delivery by Partnering with Uber Starting in Florida

inbusinessPHX.com

Sprouts Farmers Market, one of the largest and fastest growing specialty retailers of fresh, natural and organic food in the United States, is now available on Uber Eats for on-demand grocery delivery, starting in Florida. Customers will be able to order thousands of fresh, natural and organic products from Sprouts by simply visiting the Uber Eats mobile app or website, where … [More]

Louisiana Equipment Co. to Acquire Phoenix-Based Precision Rentals

inbusinessPHX.com

H&E Equipment Services, Inc. announced the signing of a definitive agreement to acquire the business of Precision Rentals. Based in Phoenix, Arizona, the company operates a branch in Phoenix and a second location in Aurora, Colorado. Precision offers a mix of general rental assets with a total fleet size, as measured by original equipment cost, of approximately $70 million … [More]

Experience the Entrancing World of Jazz and Holiday Music at The Ravenscroft in Scottsdale

inbusinessPHX.com

This December, experience the entrancing world of jazz and holiday music at The Ravenscroft in Scottsdale. The state-of-the-art concert hall will host a variety of performances to get you in the holiday spirit. Here’s a list of all the upcoming shows in case you are working on any timely event roundups. Jazzbird Nights – Every Friday Dmitri Matheny Group – Dec. 8 at … [More]

Free Holiday Events in Downtown Phoenix for the Whole Family

by Elizabeth Montgomery

Whether you’re in need of a unique gift or some local love this holiday season, Downtown Phoenix has a free event for you.   From free movie nights and trivia, to visits with Santa and live holiday performances, we’ve got your guide to an all-inclusive list of holiday events in DTPHX.  Jazz in the Park @ CityScape  Swing by Patriots Park at CityScape in Downtown Phoenix, … [More]

Plug and Play accelerateAZ Announces New Sustainability Accelerator Program

inbusinessPHX.com

Plug and Play accelerateAZ, a program of the Arizona Commerce Authority (ACA), announced today a new Sustainability program that will support the growth of Arizona sustainability-focused startups. The new program, announced at the Plug and Play Silicon Valley Summit in Sunnyvale, California, will launch in Spring 2024. The accelerateAZ Sustainability program will support … [More]

WEBINAR – Dec. 19: Build Your ‘Owner Brand’ with Personal Storytelling

Arizona Commerce Authority

UPCOMING SESSIONS Join us for an Arizona Small Business Boot Camp! Did you miss Tuesday's webinar? Watch it here:How To Set Your Small Business up for Succes Build Your “Owner Brand” with Personal Storytelling 12/19/2023 | 9:00 AM Learn how to harness the power of personal storytelling to elevate your reputation and accelerate your results. Take your … [More]

UnitedHealthcare Community Plan of Arizona Selected to Continue Serving Arizona Long-Term Care System

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Arizona Health Care Cost Containment System (AHCCCS), the state’s Medicaid agency, has announced its intention to award UnitedHealthcare Community Plan of Arizona as one of two organizations to administer its Arizona Long Term Care System (ALTCS) EPD program for individuals who are elderly and/or have a physical disability. UnitedHealthcare Community Plan of Arizona … [More]

How Private Equity Can Leverage Healthcare Savings

by David Slepak

Many companies are looking to maximize return for their investors but in today’s age the challenges facing financial performance are ever-present. High employee turnover, rising cost of healthcare benefits and inflation can all negatively impact the profitability of a business. One way to drastically improve a business’s profitability is by reducing the money spent on … [More]

Phoenix Suns and FirstBank Give Boost to Minority-Owned Businesses

Season-long initiative provides financial grants and promotional support to six local businesses

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FirstBank, one of the nation's largest privately held banks with a focus on "banking for good,” is partnering with the Phoenix Suns to announce the return of its FirstBank Empowerment Awards. This season-long initiative aims to strengthen marginalized communities by providing financial grants and marketing support to minority-owned businesses across the Valley. “We know … [More]

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