UMB Financial Corporation announced that it will close the acquisition of Heartland Financial USA, Inc., effective at 11:59 p.m. As a result of this successful completion, UMB’s asset size will increase to approximately $68 billion (based on assets as of Dec. 31, 2024), expanding its geographic footprint from eight to 13 states. Arizona is a growing market for the bank. The … [More]
Arizona’s Build-to-Rent Boom: 14,000 New Single-Family Rentals in the Pipeline
As urban areas become more crowded and homeownership slips further out of reach, the build-to-rent (BTR) market is stepping in to fill the gap. Nationwide, more than 110,000 single-family rentals are under construction, set to increase the BTR inventory by 53.5% once completed. Arizona stands out as a major player in this expansion. Arizona’s Build-to-Rent … [More]
Phoenix Sky Harbor International Airport Surpasses Passenger Record
Phoenix Sky Harbor International Airport has broken another passenger record. 2024 is the busiest year ever in the airport's history. The year-end passenger numbers show a 7.5 percent increase from 2023's record-breaking numbers. In total, 52,325,266 passengers came through Phoenix Sky Harbor's terminals in 2024. “The airport continues to set the bar for record … [More]
Report: ASU Adds as Much Economic Impact as Hosting the Big Game, Times Eight
A new report Shows ASU contributes an estimated $32 billion
More than one in four working Arizonans with a bachelor's degree earned it from Arizona State University but the economic impact generated is a crucial benefit to the entire state. According to a new report from the Seidman Research Institute at the W. P. Carey School of Business, ASU's spending on operations and construction contributes, directly and indirectly, $6.1 … [More]
