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]

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