Home Sales Being Canceled at the Highest Rate since the Start of the Pandemic


Nationwide, roughly 60,000 home-purchase agreements fell through in June, equal to 14.9% of homes that went under contract that month, according to the latest analysis from Redfin, the technology-powered real estate brokerage. That’s the highest percentage since March and April 2020, when the housing market all but ground to a halt due to the onset of the coronavirus pandemic. … [More]

New Independent Living Communities Set to Open in Scottsdale


Award-wining interior design firm, Private Label International, was selected by Revel Communities, a division of The Wolff Company, to design the company’s two new independent living communities in Scottsdale, AZ. Revel Scottsdale and Revel Legacy are scheduled to open this summer. Revel Scottsdale, located on Indian Bend Rd. and Hayden Rd. in Scottsdale, offers a … [More]

New Fitness Franchise Plans for 35 Arizona Locations over Three Years


Ohm Fitness, the nation’s first fitness franchise to use EMS (electro muscle stimulation) technology wirelessly and in a small group setting, announced today that two seasoned entrepreneurs and marketing executives have purchased the area developer rights to Arizona and are actively selling franchise licenses to open up to 35 locations across the state over the next three … [More]

Small Business Expectations for Future Conditions Hit All-Time Low


The NFIB Small Business Optimism Index dropped 3.6 points in June to 89.5, marking the sixth consecutive month below the 48-year average of 98. Small business owners expecting better business conditions over the next six months decreased seven points to a net negative 61%, the lowest level recorded in the 48-year survey. Expectations for better conditions have worsened every … [More]

Construction Loan Finalized for Phoenix Central Station Development


CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that a CIM-managed fund has closed a $204 million construction loan to Medistar Corporation, GMH Communities, and a fund sponsored by CBRE Investment Management to finance the development of Central Station, a one million-square-foot mixed-use transportation hub … [More]

Local Charter Schools Approve Large Pay Raise for Arizona Teachers


Legacy Traditional Schools believes outstanding, supported teachers are at the heart of students’ success. Legacy says that's why they have announced the approval of across-the-board teacher pay increases for the 2022-23 school year. Average pay for over 700 teachers across the Legacy network of 21 Arizona schools, as well as Legacy Online Academy, will increase by an average … [More]

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