Footprint Becomes Official Partner for Super Bowl, Goal of Making Greenest Event to Date

inbusinessPHX.com

The Arizona Super Bowl Host Committee announces Footprint as an Official Partner. The partnership highlights the shared commitment to community and resident well-being and the goal of making this Super Bowl the greenest event to date. Footprint, whose mission is to create a healthier planet and healthier people through the elimination of single-use plastics, is serving as an … [More]

First-Time Home Buyers are Back, Despite Affordability Challenges

inbusinessPHX.com

First-time home buyers have returned to the housing market and those who can afford a home are finding success after years of setbacks. The share of buyers purchasing a home for the first time has rebounded to pre-pandemic levels. First-time buyers now represent 45% of all buyers, up from 37% of buyers surveyed last year, according to Zillow's 2022 Consumer Housing Trends … [More]

Demand for Industrial Space in the East Valley Prompts Completion of 1.1 MSF Mesa Property at Near Capacity

inbusinessPHX.com

On behalf of Metro Commercial Properties, leading national design-build contractor Graycor Construction Company has delivered the final industrial buildings at Metro East Valley Commerce Center in Mesa, Arizona. Designated as Phases III and IV, the delivery totals five buildings and marks the completion of the 11-building, 1.1 million-square-foot Class A industrial project – … [More]

Chandler Takes 4th Spot on Opendoor’s ‘Top 15 Cities for Families’ List

inbusinessPHX.com

Finding a home that fits your dream list can be difficult. Add in a child (or two), and the criteria can get even tighter. Take the McGinnis family, which was on the hunt for a more spacious home that could accommodate two home offices in the Dallas area. "Working with Opendoor, my wife and I were able to buy a new home, sell our current house and skip the hassle of preparing … [More]

Housing Report for September 2022 Shows Minimal Listing Price Decreases in Phoenix

inbusinessPHX.com

Typical for this time of year, September home sales declined 9.7% from August across the report's 53 metro areas. That led to inventory climbing to two months' supply for the first time in nearly two years – an encouraging sign of a more balanced market to come. September's Median Sales Price of $400,000 was 6.1% lower than the year-high of $426,100 in June. … [More]

Nikola Completes Acquisition of Romeo Power

inbusinessPHX.com

Nikola Corporation, a provider of zero-emissions transportation and energy infrastructure solutions, today announced the completion of its acquisition of Romeo Power, Inc. (“Romeo” “We are pleased to complete the acquisition of Romeo and look forward to executing on the opportunities ahead,” said Michael Lohscheller, Nikola’s President. “The acquisition of Romeo will … [More]

Los Angeles Real Estate Firm Acquires 155-Unit Multifamily Property in Metro Phoenix

inbusinessPHX.com

Odyssey Properties Group, a multifamily investment sponsor and private equity real estate firm based in Los Angeles, has acquired Nola on 50th, a 155-unit multifamily community located in the Arcadia submarket of Phoenix, Arizona, for $37.25 million. Nola on 50th, which Odyssey will be rebranding as Parq on 50th, is the firms third acquisition in Arizona since entering the … [More]

2022 Hotel Business Travel Revenue Projected to Be Within 1% of 2019 Levels

inbusinessPHX.com

U.S. hotel leisure travel revenue is projected to end 2022 14% above 2019 levels, while hotel business travel revenue is expected to come within 1% of 2019 levels, according to a new analysis released today by the American Hotel & Lodging Association (AHLA) and Kalibri Labs. The projections are not adjusted for inflation, and real hotel revenue recovery will likely take … [More]

Scottsdale-Based Financing Co. Arranges Nearly $150M for New Arizona Build-to-Rent Developments

inbusinessPHX.com

Tower Capital arranged $185.7 million in financing for four Build-to-Rent (BTR) developments that will result in 740 units delivered in Arizona and North Carolina. The financing encompasses three new projects in the Phoenix market, including $67.4 million for Village at Carver Mountain, $59.6 million for Village at Sonoran Vista, and $21.2 million for Montana Del Sur, as well … [More]

New Performing Arts Organization Mesa Jazz and Blues Theater Celebrates Launch of Season

inbusinessPHX.com

A brand new performing arts organization, Mesa Jazz and Blues Theater, is kicking off its 2022-23 season this fall with a star-studded show and celebration. The non-profit organization was created for the education and preservation of America’s music: Jazz, Blues and R&B. Mesa Jazz and Blues Theater will feature top level, local musicians, as well as nationally and … [More]

Two Arizona Hotels Make the 2022 Top 25 Historic Hotels of America Most Haunted Hotels List

inbusinessPHX.com

Historic Hotels of America® offers travelers spectacular experiences and stories to take home with them, including the history of where they stayed the night. Every historic hotel has a story to tell and some offer more than what is found in a history textbook. For some hotels, the past is not only present in the architecture and authentic character, but also–according to … [More]

Phoenix Water Hosting Town Halls Focused on Colorado River Shortage

inbusinessPHX.com

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ As part of their ongoing effort to keep the public informed about how reduced allocations of Colorado River water are impacting the City of Phoenix, Phoenix Water experts will deliver a presentation at various locations in the weeks ahead. The speakers will focus on how the City manages its … [More]

Commercial Real Estate Group Brings In Senior Development Manager for Ongoing Arizona Projects

inbusinessPHX.com

IndiCap, a boutique commercial real estate company specializing in industrial investment and development in the Arizona and Nevada sectors, announced Geovanni Villalta, an accomplished professional with more than 20 years in the construction industry, has joined the IndiCap team as a senior development manager. Villalta is highly proficient in construction management, … [More]

Greater Phoenix Chamber Selects 3 Businesswomen as 2022 Athena Award Recipients

inbusinessPHX.com

The Greater Phoenix Chamber announced the 2022 ATHENA private sector, public sector, and young professional award recipients at its 35th Annual ATHENA Awards. Delma Herrera, Vice President of Field Sales, West Region, Cox Communications, was awarded the 2022 ATHENA Businesswoman of the Year Award in the private sector. Jennifer Caraway, Founder & Executive Director, The … [More]

Colliers Acquires Phoenix-Based Property Management Business

inbusinessPHX.com

Leading diversified professional services and investment management firm Colliers announced it will acquire a controlling interest in Phoenix-based Arcadia Management Group, Inc., a leading commercial real estate property management firm focused in the Southwest U.S. Arcadia’s senior leadership will retain a direct equity stake in the business and continue to drive operations … [More]

One-of-a-Kind Flower Bar and Coffee Lab Announces Second Location

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Stemistry, a reimagined and reinvented flower store and coffee lab has announced it is expanding and opening its second location in Downtown Phoenix’s Heritage Square this fall. The new Stemistry will be in the Teeter-Carriage House located at 618 E. Adams Street in Phoenix. The building dates to 1899 and still has the original brick intact. The 700 square-foot space will be … [More]

Herberger Theater Center to Examine New Opportunities as Arizona Theatre Company Moves Productions

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The Herberger Theater Center and Arizona Theatre Company (ATC) announced that following the 2022-2023 season, ATC plans to move its productions to Tempe Center for the Arts. Arizona Theatre Company has performed at the Herberger Theater Center since it opened in 1989. Mark Mettes, President & CEO of the Herberger Theater Center, said that the decision will enable the … [More]

WEBINAR – Oct 25: The Instagram Marketing Challenge: Tips for Success

Arizona Commerce Authority

UPCOMING SESSIONS Please join us for the upcoming Small Business Boot Camp virtual webinars and monthly workshops. If you missed any past sessions, watch here. The Instagram Marketing Challenge: Tips for Success 10/25/2022 | 9:00 AM Marketing on Instagram is essential for any Business-to-Consumer corporation. Instagram presents a unique opportunity … [More]

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