Joint Venture to Complete Development on Award-Winning Master Plan in Phoenix Area

inbusinessPHX.com

IHP Capital Partners, one of the nation's leading real estate investment firms, and Värde Partners, a leading global alternative investment firm, today announced that they have formed a joint venture (JV) to acquire the remaining 3,721 acres of land for development within Vistancia, a 7,100-acre mature master-planned community in Peoria, Ariz. The transaction includes all 3,300 … [More]

Aspen Dental Opens Newest Practice in Scottsdale

Aspen Dental

Aspen Dental has officially opened its doors in Scottsdale, Arizona with the opening of a brand-new office, bringing two renowned dentists to the community. This is the 17th Aspen Dental practice in the state of Arizona, as Aspen Dental continues to break down barriers and bring comprehensive, affordable care to patients across the country. Located at 8909 E. Talking Stick … [More]

U.S. Jobless Claims Drop to Third Consecutive Pandemic Low

U.S. Department of Labor

In the week ending June 5, the advance figure for seasonally adjusted initial claims was 376,000, a decrease of 9,000 from the previous week's unrevised level of 385,000. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The 4-week moving average was 402,500, a decrease of 25,500 from the previous week's unrevised average of 428,000. This is … [More]

Consumer Prices Jump 5% in May, Fastest Inflation since 2008

U.S. Bureau of Labor Statistics

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in May on a seasonally adjusted basis after rising 0.8 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.0 percent before seasonal adjustment; this was the largest 12-month increase since a 5.4-percent increase for the … [More]

Popular Assets Among Retail Investors in 2021

by Austin Distel

In spite of the astronomic job losses and decline in productive activity that shared striking similarities with the global recession of the 1930’s, research by scientists at Paderborn University showed that in 2020, stock indices in certain industries still recorded significant growth. Quite notably, a lot of changes were observed in global investment trends as a fallout of the … [More]

Construction Technology Startup Mosaic Hits Homebuilding Milestone

Mosaic

The demand for new housing continues at record-breaking levels throughout the fast-growing state of Arizona. In addressing this demand, Phoenix-based construction technology company Mosaic, and its building partner Mandalay Homes, have hit a new milestone, with the construction of more than 315 homes for Arizona families, but this is just the start. Over the last 12 months, … [More]

Expansive New Scottsdale Hangar and Office Building Complex Breaks Ground

JE Dunn

JE Dunn Construction and Ross Aviation announce breaking ground on an expansive new hangar and office building at Scottsdale Municipal Airport (SDL) last week. The new facility will further complement Ross Aviation’s already dominant presence at SDL, which is one of the company’s most active year-round locations. The 56,000 square foot hangar, along with two 3,000 square … [More]

AOT Recently Highlighted Arizonans During Tourism Week, Catch Up Here

Arizona Office of Tourism

The Arizona Office of Tourism celebrated National Travel and Tourism Week (NTTW) by showcasing some of the amazing people and places that make Arizona an unforgettable destination for tens of millions of visitors each year. To highlight this year’s NTTW theme, the “Power of Travel”, AOT set out on its own Arizona Road Trip to talk with tourism industry people across the … [More]

Strong Improvement for U.S. Mortgage Delinquency Rates in March, Says Report

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for March 2021. For the month of March, 4.9% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 1.3-percentage point increase in … [More]

Vidhya Kannan Named CEO of Encompass Health Rehabilitation Hospital of East Valley

Encompass Health

Vidhya Kannan has been appointed as chief executive officer of Encompass Health Rehabilitation Hospital of East Valley. In her position as CEO, Kannan will oversee all of the day-to-day operations as well as patient care and quality at the 70-bed inpatient rehabilitation hospital, located at 5652 E. Baseline Road in Mesa. She assumed the position on June 7, 2021. Kannan … [More]

WEBINAR – June 10: Briefing on Covid-19 Economic Programs and How to Be a Vaccine Leader in Your Community

U.S. Small Business Administration

Join the U.S. Small Business Administration and the Public Private Strategies Institute for a webinar on Thursday, June 10 at 2:00 p.m. EDT featuring SBA Administrator Isabella Casillas Guzman and Dr. Bechara Choucair, White House COVID-19 Vaccinations Coordinator to discuss the importance of vaccinations, provide updates on COVID-19 economic aid programs, such as the Economic … [More]

Block 23 in Downtown Phoenix Celebrates Big Wins

inbusinessPHX.com

RED Development is welcoming two new tenants to Block 23 in Downtown Phoenix — CVO Holding Company, an industry-leading transportation technology provider, along with Western Alliance Bank as it expands its downtown presence, in what marks the completion of one of the largest Phoenix-metro leases since the onset of the pandemic. CVO moved its Phoenix headquarters and 200 of … [More]

BBB Announces Finalists for 2021 Torch Awards for Ethics

BBB Serving the Pacific Southwest

Better Business Bureau Serving the Pacific Southwest (BBB) proudly announces 22 Greater Arizona companies as finalists for the 2021 BBB Torch Awards for Ethics. The event is sponsored by Desert Financial Credit Union and raises awareness in marketplace ethics and recognizes businesses that operate with the highest levels of integrity. BBB Torch Awards for Ethics is one of … [More]

ASU Outpaces Ambitious Graduation Goals as Part of National Coalition of Innovative Universities

Arizona State University

The University Innovation Alliance (UIA), a national consortium of innovative public research universities working to improve student success, announced that it has exceeded the graduation targets set during President Barack Obama’s College Opportunity Summit. Arizona State University is a founding member of the UIA, which launched in 2014. At its launch, the UIA … [More]

Valley Leadership Names New Board Leadership

Valley Leadership

Valley Leadership’s board of directors has elected its board leadership for the next two years. VL’s board will be led by President Paul Komadina, senior managing director for CBRE; Vice President Koran Hardimon, director of inclusion and diversity for Republic Services; Treasurer Josh Shade, Arizona market president for U.S. Bank; Secretary Nancy Baldwin, executive director … [More]

Valley Groups to Address Regional Homelessness

Maricopa Association of Governments

Homelessness continues to increase throughout our region at a rate faster than anywhere in the nation. The most recent count of people experiencing homelessness in 2020 found more than 7,000 people in the Maricopa region living in shelters or on the street, and that people are at risk of homelessness in every community in the region. Now, local governments and other … [More]

Small Business Optimism Pauses in May as Labor Shortage Slows Growth

NFIB

The NFIB Small Business Optimism Index fell 0.2 points in May to 99.6. May saw a slight pause in the recovery of small business optimism after steadily increasing each month in 2021. As reported in NFIB’s monthly jobs report, a record-high 48% of owners reported unfilled job openings. “The labor shortage is holding back growth for small businesses across the … [More]

Arizona Reaches 6 Million Mark for COVID-19 Vaccine Doses Administered

Arizona Department of Health Services

Arizona has administered more than 6 million doses of COVID-19 vaccine since December, with nearly 3.4 million individuals having received at least one dose and 2.9 million now fully vaccinated, the Arizona Department of Health Services (ADHS) announced today. “Arizona has reached another major milestone with our six millionth dose of COVID-19 vaccine administered,” said … [More]

In Business Dailies

Sign up for a complimentary year of In Business Dailies with a bonus Digital Subscription of In Business Magazine delivered to your inbox each month!

  • Get the day’s Top Stories
  • Relevant In-depth Articles
  • Daily Offers
  • Coming Events