After two years of unprecedented growth, home values fell slightly from June to July, according to the latest market report from Zillow®. The market is quickly rebalancing. With buyers' purchasing power diminished by nearly two years of double-digit price growth and higher mortgage rates, competition for homes is dropping off. The typical U.S. home value declined by 0.1% … [More]
Phoenix-Based Aviation Program Soars to New Heights
Western Maricopa Education Center, a career technical education (CTE) public school district serving Phoenix, Arizona, is preparing students to enter the aviation industry with high-value credentials. In 2021, 13 out of 26 West-MEC's high school aviation program students were able to head straight into the workforce after completing the program for directly related … [More]
Senior Placement Service Sets Monthly Record in Franchise Growth, Underscores Growing Demand
Assisted Living Locators, a leading senior placement and referral service, set a new monthly record in franchise growth by awarding a dozen franchise agreements in August. The franchise development milestone underscores the needs of seniors, the most vulnerable population, and growing demand for more businesses that serve them. "The needs of an aging population … [More]
Greater Phoenix Chamber Plans Workforce Summit, Aug 30
The Greater Phoenix Chamber and Foundation is pleased to bring together employers and education leaders from across Arizona for their annual Workforce Summit on August 30 from 8:00 a.m. to 4:30 p.m. The event will take place at the Desert Willow Conference Center, 4340 E. Cotton Center Blvd, in Phoenix. This robust program will feature renowned keynote presenters Dr. … [More]
Chicago-Based Private Equity Firm Acquires Arizona Cosmetic Products Co.
CORE Industrial Partners, a Chicago-based private equity firm, today announced the acquisition of Contract Filling Inc., a specialized contract manufacturer of high-end fragrances, deodorants and cosmetic products, by CORE portfolio company Arizona Natural Resources, based in Phoenix, Arizona. The acquisition solidifies ANR’s position as one of North America's largest … [More]
Design Firm Transforms Guest Experience at Immersive Downtown Phoenix Cocktail Bar
The Rose Garden, an immersive cocktail bar located in Phoenix, transports its guests into the fable written by the design team at House of Form. The story of villagers who flock to see a beautiful rose garden each year, only to be surprised by the beauty of a peacock. The rose garden and peacock fight for the attention of the villagers, while guests decide who wins during their … [More]
Wealth Development Co. Launches Opportunity Zone Fund
CaliberCos Inc., a fully integrated alternative asset manager and investment sponsor, announces that it has launched Caliber Tax Advantaged Opportunity Zone Fund II, LLC (the “Fund”), a $250 million equity fund targeted to invest in a diversified portfolio of real estate properties and real estate-related equity investments in select opportunity zones located in high-growth … [More]
Fiesta Bowl Charities Announces $3 Million in Charitable Giving for 2022-23
Fiesta Bowl Charities continues to be a leader in college football for community impact, surpassing the $3 million mark for its charitable giving in the 2022-2023 season. Donations will benefit 40 nonprofit organizations across the state of Arizona who serve audiences in youth, sports and education. Through the Vrbo Fiesta Bowl, Guaranteed Rate Bowl, Fiesta Bowl Parade … [More]
Scottsdale-Based Healthcare Tech Co. Launches Instachat Builder AI platform
Botco.ai, the leading HIPAA-compliant conversational marketing solution, announced today the launch of Instachat Builder, a new product that accelerates AI chat deployment by allowing Botco.ai customers to directly train Botco.ai’s chatbot on any type of text information. Traditionally, chat applications required extensive manual training before they could begin fielding … [More]
Business Tech Summit to Hit West Valley
WESTMARC’s Business Technology Summit will be held on September 8th at the Goodyear Civic Square at GSQ, Gen. 1 Building the newest Class A office development in the West Valley. The three-panel discussions will highlight key innovations and development in technology. Panel 1: Modernizing infrastructure leads to better opportunities and a more sustainable community. … [More]
New Software Co. Tackles Problem of Employee Recruitment and Retention
As employers across the country continue to find creative ways to recruit and retain employees, digital platform Referria, is taking on the home care industry by helping companies recruit and retain hourly employees through referrals and incentives. Originally launched in 2016 as Retinent, Referria’s platform continues to provide home care organizations with tools to … [More]
Best Western Hotels’ Eclectic Brand Comes to Fountain Hills
BWH Hotel Group welcomes Fountain Park Hotel to join its BW Signature Collection brand, an eclectic portfolio of inspirational accommodations at alluring destinations, exhibiting superior value. Fountain Park Hotel, BW Signature Collection is located at 12800 N Saguaro Boulevard in Fountain Hills, Arizona. Fountain Park Hotel is surrounded by the beautiful McDowell and Four … [More]
City of Phoenix Says Deliveries Will Not Be Affected by Colorado River Shortage
The United States Bureau of Reclamation (“Reclamation”) declared a Tier 2a shortage for the Colorado River in 2023. While this reflects accelerating declines in Colorado River flows, Phoenix customer deliveries will not be impacted by this announcement. In June, Reclamation stated that to save the Colorado River system additional cuts across all Basin States will be … [More]
Phoenix among Highest Increase in July Home Inventory, Says Report
A double-digit drop in home sales from June to July fueled a double-digit increase in homes for sale, triggering the first decline in the Median Sales Price since January. July's Median Sales Price of $415,000 was down 2.9% from June and the lowest since April's $406,000. The 16.6% decline in home sales was also the first since January. Year-over-year, sales were down 26.3% … [More]
Phoenix Public Transit Secures $16.3 Million Green Bus and Infrastructure Grant
The Federal Transit Administration has awarded the City of Phoenix Public Transit Department a $16.3 million grant for greener (low and no emissions) buses and supporting infrastructure. The grant is made available through the Bipartisan Infrastructure Law under the Low-No Emission and Buses and Bus … [More]
Local Real Estate Disruptor High on Inc. Annual List
Inc. revealed that 72SOLD is No. 260 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names … [More]
Cybersecurity Research Reveals 52% of Cyber Threats Targeted at Removable Media
According to a report released today by Honeywell, the threat of USB-borne malware continues to be a serious concern. Data from the 2022 Honeywell Industrial Cybersecurity USB Threat Report indicates that 52% of threats were specifically designed to utilize removable media, up from 32% the previous year and more than double the 19% reported in the 2020 study, clearly indicating … [More]
Arizona Bank among Top 25 Publicly Traded Banks in the U.S.
Bank Director, the leading information resource for directors and officers of financial institutions nationwide, released its RankingBanking study, sponsored by Crowe LLP. This study ranks the 300 largest publicly traded banks in the country by metrics that examine profitability, asset quality, capital adequacy and total shareholder return. Bank Director … [More]
