Rebound in U.S. Apartment Leasing in the Third Quarter

RealPage Inc.

Bouncing back from the limited demand results seen earlier in the year, U.S. rental apartment leasing proved strong in the third quarter, according to real estate technology and analytics firm RealPage, Inc. (NASDAQ: RP). The occupied apartment count climbed by 146,517 units on net in the July through September time frame. That product absorption pace is more than … [More]

Weekly Jobless Claims Slightly Lower Even as Layoffs Continue

U.S. Department of Labor

In the week ending September 26, the advance figure for seasonally adjusted initial claims was 837,000, a decrease of 36,000 from the previous week's revised level. The previous week's level was revised up by 3,000 from 870,000 to 873,000. The 4-week moving average was 867,250, a decrease of 11,750 from the previous week's revised average. The previous week's average was … [More]

How to Prevent Political Discussions from Polarizing Your Workplace

inbusinessPHX.com

Much has been written about political polarization in the U.S. and how a heated political climate has drawn a line in the sand between voters. But heading into the 2020 presidential election, self-censorship also is on the rise – including at the workplace, where some people fear sharing their political views. Nearly a third of employed Americans worry they could lose their … [More]

Many Arizona Cities among the Quickest to Recover from Unemployment

WalletHub

The employment market continued to recover in August, as the latest jobs report shows that the national unemployment rate has fallen to 8.4%, which is 43% below the peak of 14.7% during the height of the COVID-19 pandemic. To provide more context at the city level, WalletHub today released its report on the Cities Whose August Unemployment Rates Are Bouncing Back Most, as a … [More]

Ally Increases Carvana Loan Purchase Commitment by $1 Billion, Expanding Inventory and Selection of Vehicles

Carvana

Carvana, a leading e-commerce platform for buying and selling used cars, announced a $1.0 billion increase to its current loan sale program with Ally Financial Inc., demonstrating the success of the previous increase and extension of the facility completed earlier this year. This increase represents a total of $3.0 billion in commitment to fund Carvana customer loans since … [More]

Urgent Care Co. First to Securely Share Patient Records with New, Safe Technology

FastMed Urgent Care

FastMed Urgent Care, one of the nation’s largest urgent care providers, has launched Epic, the most widely used and comprehensive electronic health record (EHR) system, in all 29 of its Arizona clinics. With this launch, FastMed becomes the first independent urgent care operator in the nation to implement Epic and become part of the larger healthcare ecosystem, as many major … [More]

GoDaddy and Facebook Partner Allowing Customers to Post Ecommerce Sales

GoDaddy

GoDaddy Inc. announced customers can now sell their products on Instagram and Facebook through Websites + Marketing Ecommerce, further expanding the opportunity for them to find new customers and grow sales. As an official Facebook Marketing Partner, GoDaddy is one of the early adopters of Facebook's Business Extension. Websites + Marketing Ecommerce now enables customers to … [More]

Business Management Solutions Co. Bringing Expertise to Business Owners in Glendale

BBSI

Barrett Business Services, Inc., a leading provider of business management solutions, and one of the largest professional employer organizations (PEO) in the U.S., today announced it is now bringing its unique business management expertise to the Glendale, AZ market. “Our expansion into the Glendale market represents our continued commitment to support business … [More]

Q2 GDP Decreased at Annual Rate of 31.4%, Corporate Profits Decreased $208.9B

U.S. Bureau of Labor Statistics

Real gross domestic product (GDP) decreased at an annual rate of 31.4 percent in the second quarter of 2020 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent. The “third” estimate of GDP released today is based on more complete source data than were available for the "second" … [More]

Get Out of Your Head. How Small Business Owners Can Overcome Fear during COVID-19

by Edgar R. Olivo

Fear plays a major role in our psychology; it helps us avoid danger and keeps us safe. However, it is also one of the major factors that can hold us back from moving forward. Add to the fire the uncertainties of a pandemic and fear can become compounded with more anxiety. How does fear hold a small business owner back? It can stop you from making an important change and … [More]

Second Luxury Apartment Tower at Expansive Optima Kierland® Opens in North Scottsdale

Optima

Right on time to meet the recent increase in demand for elevated apartment living in the greater Phoenix-metro area, real estate development firm Optima announced today the opening of the luxury apartment tower 7140 Optima Kierland in North Scottsdale, with immediate move-ins available and the leasing gallery and model residences accessible for private tours. As the second … [More]

Real Estate Tech Co. Grows More Than 500% in its First Two Years in Phoenix

Homie

Homie, a real estate technology company that has been changing the way homes are bought and sold since 2015, reports substantial two-year growth in the Phoenix market since launching in 2018. In 2020, the company is on track to continue its aggressive positive trend, already surpassing the total number of homes sold and bought in all of 2019. Homie’s mission is to make it … [More]

Office Furniture Co. Expands Corporate Footprint to Phoenix

Vari

Vari, a workspace innovation company that took sit-stand desks mainstream, is doubling down on its commitment to the Phoenix market. The company has opened a sales office and Vari showroom located east of downtown Phoenix. Industry executive Lisa Teman-Rosenburg will helm the company’s strategy in the greater Phoenix area as regional sales director. Tours of the flexible … [More]

New UV-C Home Sanitizing System Announces Results of SARS-CoV-2 Scientific Testing

Clean Light Laboratories, LLC

Puritize, a new ultraviolet light (UV-C) home sanitizing system brought to market by Scottsdale-based Clean Light Laboratories, LLC, has announced the results of a laboratory study concluding that Puritize is scientifically proven to kill more than 99.9% of SARS-CoV-2. The study was conducted by The Pathogen and Microbiome Institute (PMI)’s COVID-19 Testing Service Center … [More]

Committees Must Manage 401(k) Plans Better: Here’s How

inbusinessPHX.com

With the majority of working Americans behind in retirement savings, managing and growing money reserves is a concern in many households. While 401(k) plans offered through employers remain popular investment vehicles toward retirement, experts note that several factors are out of the employee’s control. Perhaps the biggest questions regard the human factors: who is calling … [More]

New Modern-Designed Bank Branch Opens in Trendy Downtown Area

JPMorgan Chase

A new Chase branch opens today in CityScape, the popular downtown hub in Phoenix. Chase recently opened a new branch in Scottsdale and continues to build new branches throughout Arizona, while this is the first new branch added to the downtown network in years. Branches are the heart of the company because they allow a connection with customers at life’s most important … [More]

Arizona’s Second-Tallest High-Rise Makes Final Renovations, Bringing Boutique Vision for Downtown

inbusinessPHX.com

Leading real estate investor ScanlanKemperBard (SKB) and capital partner Black Salmon have kicked off the final phase of renovations at 101 North, the second-tallest high-rise in downtown Phoenix. The upgrades, which encompass all of the building’s ground-floor indoor and outdoor spaces, complete a multi-year transformation of the trophy asset into a boutique environment unique … [More]

Phoenix Tech Start-Up Supports Local with Gift Card Give-Away

CorkBird

CorkBird, a new start-up based in Phoenix, was originally created to better connect people to their community. Its mobile application was built not as a tool to engage the world through a screen but to help people discover, share and actually get out and engage in the things happening right around the corner. “Be with humans” was the motto. But that had to change with the onset … [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