Pending Home Sales Drop 13% YOY as Mortgage Rates Stay Stubbornly High, Says Report

Rick McCartney

Mortgage rates are sitting near a two-decade high and U.S. home prices rose 3% year over year during the four weeks ending September 17, pushing monthly housing payments to an all-time high. That’s according to a new report from Redfin, the technology-powered real estate brokerage. What homebuyers are doing: Waiting for homes to become more affordable and for more of … [More]

New Data Reveals Impact of Popular Airline Credit Cards to Arizona Economy

inbusinessPHX.com

A new analysis by Airlines for America (A4A) – the industry trade group representing major U.S. carriers – reveals there are nearly 30 million U.S. airline credit card holders in the United States who rely on their airline credit cards to accrue loyalty points, which can be used for travel, flight upgrades and other benefits such as dining at local restaurants or shopping for … [More]

Scottsdale Business Law Firm Adds Two Partners

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Radix Law welcomes its newest partners John Balitis and Julia Acken to the firm. Both Balitis and Acken join Radix from Jennings Strouss & Salmon, bringing decades of well-rounded legal experience and will elevate Radix’s employment and labor law practices and its adoptions law practice. “John and Julia have worked together as a remarkably dynamic team for many years,” … [More]

Scottsdale Arts’ Fall Season Gathers Speed

inbusinessPHX.com

From the inaugural East Bowl concert, featuring Wilco, and a 50-year celebration of public art — both at the outdoor Scottsdale Civic Center — to a Dorothy Fratt 100th Birthday Celebration and an eight-part, virtual writing workshop for caregivers, Scottsdale Arts has something for just about everyone this October. The following is a list of performances, events and … [More]

The Phoenix Symphony Opens 2023-24 Season with the Mighty Carmina Burana

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The Phoenix Symphony opens it 2023-24 Season with three performances on September 29, September 30 and October 1 of Carmina Burana. The performances represent the kick-off of Virginia G. Piper Music Director Tito Muñoz’s triumphant tenth and final season presenting an extraordinary range of classical and popular programming. The Phoenix Symphony’s 77th season brings … [More]

MCO Realty Acquired by Top Arizona Brokers Louis McCall and Michael Gant

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MCO Realty, a cornerstone of Fountain Hills' real estate landscape for the past four decades, has been acquired by esteemed Arizona real estate brokers Louis McCall and Michael Gant. This landmark acquisition marks a new chapter in the legacy of MCO Realty, which has been an integral part of Fountain Hills' identity and growth since its inception. "This acquisition is a … [More]

Landmark Camelback Corridor Buildings Sold by Lincoln Property Company for $72.1M

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Lincoln Property Company’s Southwest division, LPC Desert West (LPC), has sold the landmark 3131 and 3133 Camelback to an entity of Presson Corporation, led by local investor Daryl Burton for $72.1 million. With a premier location at the southwest corner of 32nd Street and Camelback Road, in the heart of the Camelback Corridor, the project boasts the highest average occupancy … [More]

Business Leaders Commit to Significantly Advance the Numbers of Arizonans Pursuing Higher Education and Training Opportunities

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On the heels of Arizona Gov. Katie Hobbs naming September “Arizona Career Awareness Month,” Education Forward Arizona President and CEO Rich Nickel today joined Greater Phoenix Economic Council CEO Chris Camacho; Banner Health Executive Vice President & Chief Human Resources Officer Julie Ann Alvarado-Dubek; South Mountain Community College President Dr. Richard Daniel; and … [More]

Changing Growing Cities Like Phoenix One Urban Infill Project at a Time

By Michael W. Krentz AIA, LEED® AP

Five cities in Arizona were recently listed among the 15 top fastest-growing cities in the U.S. – Queen Creek, Buckeye, Casa Grande, Maricopa, and Goodyear. As a result of rapid growth in metro Phoenix, the city launched an Adaptive Reuse Program, which is one of the most comprehensive programs of its kind. While growing economic vitality, the program encourages developers to … [More]

How Artists Can Be Business-Minded

by Taylor Victoria

As Arizona's population continues to grow, so does the diversity of its industries. In 2022, the global art market, as reported by Art Basel, reached a staggering $67.8 billion, and the demand for artists is projected to increase by at least 6% until 2031. For those with the impulse to create, the coming years hold vast opportunities to transform a hobby into a thriving … [More]

Community Park Second Phase Opens in Expanding Valley City

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Willmeng Construction and the City of Buckeye celebrated the completion of Sundance Park Phase II and showcased the expanded park to the public with three days of events on Sept. 15-17. Sundance Park, located at 22865 Lower Buckeye Rd., is now 68 acres in total with the addition of the 38 acres of Phase II and features Buckeye’s first public fishing lake. “This project is a … [More]

Experienced Energy Executive Joins Nikola Leadership Team

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Nikola Corporation, a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via its HYLA brand, is proud to announce the appointment of Joseph S. Cappello as President of Nikola Energy, effective September 25, 2023. As President of Nikola Energy, Cappello will oversee all aspects of the company’s energy business to support Nikola’s … [More]

Expanding CRE Co. Brings Four Industry Leaders from JLL to Solidify Office Leasing Team in Phoenix

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Stream Realty Partners has recruited a seasoned four-broker office leasing team with nearly eight decades of combined commercial real estate experience to build a best-in-class operation in Phoenix. Managing Directors John Bonnell and Brett Abramson, Senior Vice President Chris Latvaaho and Vice President Chris Beall join Stream Realty, a national commercial real estate firm … [More]

Embracing Diversity in Health Care: Banner Is Unlocking the Power of Inclusive Care for the LGBTQ+ Community

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Dr. Varun Monga and Dr. Venkata Buddhavarapu, alongside other clinicians in the United States, have co-authored a transformative publication titled "Gender Inclusive Care Toolkit for Hospitals" in The Lancet Regional Health - Americas. This toolkit paves the way for a new era in patient care, setting a gold standard for gender inclusivity in medical practice to address … [More]

Hearing Crickets? Five Tips for Coaxing Feedback from a Silent Group

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You’re leading a staff meeting or team huddle, and you ask your employees for their input and ideas. Seconds tick by, but all you hear is…crickets. No one is willing to speak up (or make eye contact, for that matter). As you wait for a response that isn’t coming, you feel increasingly uncomfortable and demoralized. We’ve all been there, says workplace management expert Jo … [More]

National Brokerage Co. Looks to Formalize and Grow MGA Practice

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Holmes Murphy is excited to announce the addition of insurance industry veteran Tim Anders. Anders will serve as the President of Programs where he will be responsible for formalizing existing programs and generating new opportunities for our Managing General Agent (MGA) practice. This will allow the Holmes Murphy team to broaden their capabilities, tailor unique insurance … [More]

Valley Residents Continue to Make the Switch to Electric Vehicles at a Rapid Rate

2023 National Drive Electric Week is Sept. 22 – Oct. 1

inbusinessPHX.com

Whether tired of high gas prices or not being able to drive in the HOV lane, Valley residents continue to make the switch to electric vehicles at a rapid rate. People living in SRP territory have surpassed EV adoption targets in the last few years, with more than 40,500 EVs leased or purchased in SRP’s service territory as of this April. SRP hears from customers that the … [More]

Defense Department Announces $238M CHIPS and Science Act Award, ASU Selected for Microelectronics Commons Hub

inbusinessPHX.com

Deputy Secretary of Defense Kathleen Hicks announced the award today of $238 million in "Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act" funding for the establishment of eight Microelectronics Commons (Commons) regional innovation hubs. This is the largest award to date under President Biden's CHIPS and Science Act. "The Microelectronics … [More]

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