Interest Rates Expected to Fall, Boosting Affordability in Arizona’s Home Market

inbusinessPHX.com

After a year of record-high interest rates and challenges posed from limited inventory, Arizona REALTORS® are optimistic as they look ahead to a promising year for housing in the Grand Canyon State marked by steady developments that will benefit both buyers and sellers. Shelley Ostrowski, 2024 Arizona Association of REALTORS® (the “Arizona REALTORS®”) president and designated … [More]

Business Leaders Split on Recession Forecasts as Economic Outlooks Moderate, Says Survey

Performance expectations remain high despite labor and inflation challenges

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Following a year marked by banking industry disruption, geopolitical risks and sustained macroeconomic challenges, small and midsize business leaders are sharing a more balanced outlook heading into 2024, while pulling back from previous predictions of a near-term recession, according to JPMorgan Chase’s 2024 Business Leaders Outlook survey released today. Expectations for a … [More]

Production Co. Announces Two Arizona Original Musicals Headed to New York

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Quixote Productions, founded by Arizona entrepreneur and public relations executive Jason Rose, is proud to announce the next chapter, a 29-hour double reading in New York City for two of Arizona’s most ambitious original musicals. The first of the two musicals,¡Americano! The Musical, originally debuted at The Phoenix Theatre Company in February 2020, where it enjoyed … [More]

Scottsdale-Based Homebuilder Sets New Record by Earning ‘America’s Most Trusted Home Builder’ Award for Ninth Consecutive Year

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National homebuilder and land developer Taylor Morrison has once again earned the coveted America's Most Trusted® Home Builder title by Lifestory Research for the ninth consecutive year. Taylor Morrison's fast-growing resort-lifestyle brand, Esplanade, also climbed to the second spot in the America's Most Trusted® Active Adult Builder category. In the 12th year of the study, … [More]

$1.9B in Financing to Enable Continued Growth and Development of Data Center Campus in Mesa

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EdgeCore Digital Infrastructure, a wholesale data center developer, owner and operator, today announced the completion of a $1.9 billion debt financing transaction to fund scalable development on its data center campus in Mesa, Arizona. This transaction provides a template for several planned financings across the EdgeCore portfolio and was conducted in conjunction with its … [More]

Opportunity Zone Fund Brings Distillery to Downtown Mesa

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Caliber, an alternative asset manager of real estate investments and developments, has brought another new business to Downtown Mesa, Arizona. On Thursday, January 4, Arizona Distilling Co. is celebrating its grand opening, hosting Caliber executives and several Mesa councilmembers, at its location at 155 W. Main Street. After opening its original location in Tempe, Arizona … [More]

Seasoned Litigator and Former General Counsel Nicole Stanton Joins Phoenix Law Firm

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Nicole Stanton has joined Dorsey & Whitney LLP as a Partner in Phoenix, continuing the growth of this successful office. Nicole is a veteran litigation and legal ethics counsel with over 20 years of experience. Most recently, Nicole served as the Vice President and General Counsel for Trulieve Cannabis Corp., a publicly traded company operating in nine states with $1.2 … [More]

TEGNA’s KPNX/KNAZ in Phoenix and NBC Renew Affiliation Agreement

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TEGNA Inc. and NBC announced a comprehensive, multi-year deal that renews station affiliation agreements for 20 TEGNA markets nationwide, including renewal for KPNX/KNAZ Channel 12 in Phoenix. The 20 markets renewed cover more than 21 million households, nearly 17 percent of U.S. TV households. TEGNA is the largest independent owner of NBC affiliates. “As the largest … [More]

Homebuyers’ Monthly Payments Drop to Lowest Level in Nearly a Year, Bringing Back House Hunters

The median U.S. housing payment is down nearly $400 from its October peak, enticing some sidelined buyers to get back in the game

Rick McCartney

The median U.S. mortgage payment was $2,361 during the four weeks ending December 31, according to a new report from Redfin, the technology-powered real estate brokerage. That’s down $372 (-14%) from October’s all-time high to its lowest level in nearly a year. Early-stage homebuying demand is starting to pick up as buyers take advantage of lower rates and more homes … [More]

Pickleball Paddle, Equipment and Apparel Co. Launches in Scottsdale

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Straight out of the mecca of pickleball comes the new paddle brand CRUSH, with a mission to change lives while providing the highest quality professional level pickleball equipment at an affordable rate. The Scottsdale-based company offers premium pickleball paddles, backpacks, men’s and women’s apparel, accessories and more, and plans to expand the brand through its … [More]

Their Take: NFIB State Director Discusses New Reporting Requirements for Small Business Owners

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In a conversation with ABC 15’s Ben Brown, NFIB State Director Chad Heinrich discussed new beneficial ownership reporting requirements for small business owners, which took effect January 1, 2024. Under the Corporate Transparency Act (CTA), more than 32 million businesses will be required to report information about their business and business owners to a new federal database … [More]

Northwest Extension Phase II Expands Light Rail System Another 1.6 Miles, Opens Jan. 27

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The region will soon have a new connection from Mesa, Tempe and downtown Phoenix to northwest Phoenix. The Northwest Extension Phase II light rail project will officially open for service on Saturday, Jan. 27, 2024. A ribbon cutting and community celebration is being planned on that day to commemorate the occasion. “As Phoenix continues growing, so does the need for … [More]

A New Year, A Fresh Start: Exciting Free Career Training Programs for Women in 2024

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As the New Year brings fresh beginnings, Fresh Start, a Phoenix-based non-profit that empowers women to succeed, is celebrating the success of its career training programs in 2023 and offering exciting opportunities in 2024. Women come to Fresh Start seeking the support and resources to create a brighter future for themselves and their children. All women are welcome to … [More]

Governor Announces Plan for Arizona’s Controversial School Voucher Program

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Governor Katie Hobbs announced her plan to increase accountability and transparency in the ESA voucher program that is projected to cost the state nearly $1 billion in the current fiscal year. The plan, which will be introduced in the upcoming legislative session and executive budget, will increase student safety, promote financial accountability, and hold private schools … [More]

Valley Law Firm Adds Five-Attorney Supply Chain and Logistics Team to Its Transportation Practice

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Husch Blackwell begins the year with further national expansion with the addition of five supply chain and logistics attorneys, Julie Maurer, Andy Kleiner, Aaron Schepler, Loren Ungar, and Joseph Baratta. They join the firm’s Transportation industry group in the Phoenix office. The five bring a combined eight decades of supply chain and logistics experience providing a … [More]

Arizona Corporation Commission Announces a New Federal Reporting Requirement under the Corporate Transparency Act

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The Arizona Corporation Commission (ACC) is committed to supporting and facilitating business operations in Arizona. In line with this commitment and our ongoing efforts to keep business owners well-informed, the ACC wishes to inform you about a significant new reporting requirement effective from January 1, 2024. The United States Congress has passed the Corporate … [More]

Arizona Lottery Celebrates a Winning Year in 2023: Unveils Impressive Wins and Community Impact

From Life-Changing Jackpots to Small-Town Triumphs, Arizona Lottery Reflects on Diverse Successes and Contributions in the Past Year

inbusinessPHX.com

As December draws to a close, the Arizona Lottery is thrilled to reflect on an extraordinary year of success and excitement. In 2023, the state experienced a remarkable surge in lottery wins, totaling an impressive 16,417 over $600 each across various games. Across all wins resulted in more than $868 million in total prizes distributed to lucky winners, contributing to the … [More]

Give Quiet a Chance in 2024 (It’s the Small Change That Changes EVERYTHING for Professionals)

Rick McCartney

Another year is winding down, and, sadly, your job is STILL making you miserable. You’re stressed, burned out, and overwhelmed. Even when you manage to get things done, your work is at best unfulfilling and at worst totally meaningless. And at the end of the day, you’re too exhausted to enjoy your friends and family. The worst part is, you’re not exactly sure why you feel … [More]

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