Phoenix to Consider Downtown Building Purchase, 911 Operators First on List to Move In

Rick McCartney

The city of Phoenix is planning to purchase an office tower next to city hall to consolidate more city departments into office space and create efficiencies. The 27-story Wells Fargo Plaza located at 100 W. Washington is just east of Phoenix City Hall.  If purchased, the building would house multiple city departments now spread out in various locations in the downtown … [More]

Making an Impact Through Virtual Volunteerism

by Valerie Jones

Organizations in Phoenix have been faced with two logistical challenges – an increased demand for services, and the fact that volunteering rates hit a record-low in 2020 – both of these fueled exponentially by the pandemic. Despite these challenges, our community has demonstrated how strong and resilient we are by finding new ways to reach out to one another, support our local … [More]

Institutional Property Advisors Brokers $69.1 Million Central Phoenix Multifamily Sale

inbusinessPHX.com

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Level at Sixteenth, a 240-unit, mid-rise apartment community in the urban core of Phoenix, Arizona. The property traded at $69.1 million, or $287,917 per unit. “Transformed from an obsolete 1950s-vintage retail center into a luxury multifamily community in 2010, Level … [More]

How Gratitude Can Strengthen and Grow a Business during a Crisis

inbusinessPHX.com

The COVID-19 crisis has affected people in every way imaginable, including the way they view their life. For some, the pandemic has made them stop taking good things and people in their life for granted; for others, the silver linings are harder to find. Having and showing gratitude in the midst of a crisis can be difficult, but research shows that it improves one’s health … [More]

World’s Newest Passenger Terminal Opens at Prescott Regional Airport

inbusinessPHX.com

The newest airport terminal in the world was celebrated over the course of two days in Prescott, as the new passenger terminal at Prescott Regional Airport Ernest A. Love Field was dedicated and put on display for the community. The new $13.9 million terminal, which was built by the team of Phoenix-based general contractor Willmeng Construction Inc., and Prescott-based heavy … [More]

WEBINAR – June 29, July 1, 6, 8, 13, 15: Arizona Small Business Boot Camp & Collective

Arizona Commerce Authority

  UPCOMING SESSIONS Please join us for the upcoming Boot Camp sessions. If you missed any sessions this week, watch here.       SESSION 162: TUESDAY - June 29 | 9:00 AM Consciously Addressing Unconscious Bias Join us for a thought-provoking and disarming session on bias and … [More]

Phoenix Arts and Culture Recovery Program Gets $5M

City of Phoenix

The local arts community is receiving some much-needed support from the Phoenix City Council, which approved $5 million in American Rescue Plan Act (ARPA) federal funding for the Phoenix Arts and Culture Recovery Program. The program will support nonprofit arts and culture organizations and artists still hurting financially due to the COVID-19 pandemic. It will also fund a mix … [More]

Phoenix is No. 11 Among Top 15 Markets for Rent Growth

CBRE Group

Tight vacancies and high demand are sparking bidding wars for industrial space across the U.S., driving both asking and taking rent growth to new highs, according to a new report from CBRE. Asking rents increased a record 8.3% year-over-year in Q4 2020 and 7.1% in Q1 2021—well above the five-year annual growth average of 6.8%. Asking rents are the listed rates that landlords … [More]

American Lung Association in Arizona Expands Leadership Board

American Lung Association

The American Lung Association has added several new prominent Arizona business leaders to its Leadership Board as need for information and services for those with respiratory disease continues to grow throughout the Southwest. To bolster its strength in the state and assist the 937,206 Arizonans living with lung disease, the American Lung Association in Arizona is welcoming … [More]

National AV Integrator Celebrates 30 Years of Audiovisual Innovation

CCS Presentation Systems

CCS Presentation Systems, one of the largest integrators of audiovisual equipment in the U.S., turns 30 years old today. Beginning as a 2-person operation in 1991, CCS now has over 350 employees nationwide and annual revenue across the CCS group tops $160 million dollars. In 1991 John Godbout and his wife, Beth, decided after moving 9 times for John’s previous job with IBM, … [More]

Despite Record Low Rates, 78% of Homeowners Passed Up Refinancing Last Year

Zillow

Fewer than a quarter of established homeowners refinanced their mortgages over the last year, even though about half of those who did say they cut their monthly payments by at least $300. Those savings often went toward home renovations or paying off debt.   Zillow surveyed more than 1,300 homeowners who did not move over the past year (as of late April) to find out what … [More]

Another 411K U.S. Jobless Claims Last Week, Slight Decrease over Previous Week

U.S. Department of Labor

In the week ending June 19, the advance figure for seasonally adjusted initial claims was 411,000, a decrease of 7,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 412,000 to 418,000. The 4-week moving average was 397,750, an increase of 1,500 from the previous week's revised average. The previous week's average was revised up … [More]

Maricopa Association of Governments Elects New Officers, New Regional Transportation Plan Is Priority

Maricopa Association of Governments

A new Regional Transportation Plan that will guide transportation investments for decades to come is just one of the important activities that will be a focus for newly elected officers for the Maricopa Association of Governments (MAG). At today’s Annual Meeting of the MAG Regional Council, Mesa Mayor John Giles was elected to be the agency’s new chair. Avondale Mayor … [More]

Silicon Valley-Based Startup Invests in a High-Tech Vertical Farming Facility in Avondale

inbusinessPHX.com

AgTech startup, OnePointOne, announced the expansion of its corporate and vertical farming production facilities to Avondale, Ariz. The 50,000 square-foot facility in the Avondale 107th Industrial Park will be home to OnePointOne’s latest indoor vertical farm. The technologically advanced cultivation platform they’re building will utilize automation, AI and plant science … [More]

Prime Day Delivered the Two Biggest Days Ever for Small & Medium-Sized Businesses

Amazon

Prime Day 2021 was the biggest two-day period ever for Amazon’s third party sellers, nearly all of which are small and medium-sized businesses, growing even more than Amazon’s retail business. Prime members in 20 countries shopped more this Prime Day than any previous Prime Day and scored deep discounts across home, fashion, beauty, and electronics. Members purchased more than … [More]

New Research from Newark Shows Strong Support for Women in Engineering

Avnet

Newark , an Avnet Company and global distributor of electronic components, products and solutions, has today announced the results of its Women in Engineering 2021 survey. Results showed positive support for women in engineering from all genders and a great similarity between the opinions of men and women about the need to address gender equality. While women remain … [More]

WebPT’s Year of Innovation Ushers in Next-Level Growth

WebPT

As technology adoption in the rehab therapy industry accelerates, WebPT responds with new innovation and leadership advancements to support customer and patient needs as well as its continued growth and market expansion. Most recently, the company introduced Digital Patient Intake, which enables patients to complete intake paperwork from any Internet-enabled device, thereby … [More]

Walton Enters the Single-Family Build-to-Rent Market Using its 81,000 Acre Land Portfolio Throughout the U.S.

Walton

Walton Global Holdings has launched a build-to-rent (BTR) line of business that will leverage its more than 81,000 acres of land assets throughout the U.S. to create near-term opportunities for single-family home rental developments. Walton is a global real estate investment and land asset management company with US$3.4 billion currently under management making the company … [More]

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