Arizona's leading custom home builder, Cullum Homes, which has been building award winning homes since 1985 in the finest neighborhoods of Paradise Valley and Scottsdale is proud to partner with WOW Luxury Properties and present Arizona's most expensive home to ever be built. Introducing the $75 million Palo Cristi Estate. Led by Rod and Kim Cullum, alongside daughter … [More]
Tiger Woods’ PopStroke Glendale to Open Mar. 2
PopStroke Entertainment Group, a national leader in golf entertainment owned by Greg Bartoli, Tiger Woods’ TGR Ventures, and TaylorMade Golf Company, announced its PopStroke Glendale, Arizona location will open on Thursday, March 2 at noon. The address is 9480 W. Hanna Drive, Glendale, Arizona, in the Westgate Entertainment District. The Glendale location is the seventh … [More]
Apartments in Phoenix Metro are Getting Larger, Despite Rentals Shrinking All Over the U.S.
U.S. apartments shrunk in size the past decade, hitting a new low of 887 square feet, on average. According to the latest RentCafe report — in which we looked at changes in apartment size in the 100 largest U.S. cities — new units will keep getting smaller and smaller. Shrinkflation hasn’t reached rentals in Phoenix metro yet. In fact, apartments here got larger in the last … [More]
More Than $700M in Event Impact March for the Busiest Cities of Phoenix, Jacksonville, Tulsa, Las Vegas and Tampa
The March 2023 Event Index reveals 18 cities that need to prepare for unusually busy weeks as sports, major concerts and the key holiday festivals events drive more than $700 million and millions of people into cities across America. Phoenix, Las Vegas, Jacksonville, Tampa and Tulsa will experience the most intense event activity clusters. The Super Bowl may be over for … [More]
Phoenix Achieves Zero Waste Goal for Downtown Super Bowl Events
The City of Phoenix Public Works Department reached its goal of diverting at least 92% of waste from Super Bowl events away from the landfill. After final sorting and weighing, the 2023 Super Bowl events hosted in downtown Phoenix surpassed a previous Super Bowl’s diversion rate of 91% to become the … [More]
By the Numbers: How Super Bowl LVII Was a ‘Phenomenal Success’ for Downtown Phoenix
On February 12, 2023, Arizona hosted the Super Bowl for the fourth time. While the game was played at State Farm Stadium in Glendale, many of the official NFL-hosted Super Bowl events were held in the Greater Phoenix region including Downtown Phoenix. Official numbers from events, visitors, and transportation are now being reported. “The official numbers coupled … [More]
Sale Prices Flatten, Demand for Mortgages Falls as Mortgage Rates Climb, Says Report
The median U.S. home-sale price was $348,000 during the four weeks ending February 19, essentially unchanged (+0.1%) year over year, according to a new report from Redfin, the technology-powered real estate brokerage. That’s the first time since at least 2015, when the data for this report begins, the typical home isn’t selling for more than it would have a year … [More]
Residential Developers Market Size Expected to Reach or Exceed $200 Billion in 2023
Like many industries and markets, the residential real estate market was adversely affected by the pandemic. However, despite this disruption, the housing market is resilient with increasing homeownership in this sector. Industry reports actually see a rise in revenues through 2028. One such report from IBISWorld projects that the Housing Developers market size, measured by … [More]
New Lithium-Ion Battery Recycling Facility Comes to Casa Grande, First in North America for Ecobat
Ecobat, the global leader in battery recycling, is building its third lithium-ion battery recycling facility and first in North America. The new facility in Casa Grande, Arizona will initially produce 10,000 estimated tons of recycled material per year, with plans to expand capacity to satisfy the increasing need to recycle lithium-ion batteries. The Casa Grande facility will … [More]
Inflation Eases Slightly on Main Street but Remains Top Business Problem
The NFIB Small Business Optimism Index increased 0.5 points in January to 90.3, remaining below the 49-year average of 98. Down six points from last month, 26% of owners reported inflation was their single most important problem in operating their business. Owners expecting better business conditions over the next six months improved six points from December to a net negative … [More]
Carvana Turns 10, Celebrating a Decade of Disrupting the Automotive Industry
Carvana, an industry pioneer for buying and selling used cars online, is celebrating ten years of disrupting the automotive industry and creating exceptional customer experiences. Powered by proprietary technology and a thriving nationwide logistics network, Carvana’s team of dedicated individuals across the country are driving the future of automotive e-commerce. The company … [More]
Housing Market Recovery Stalls as Mortgage Rates Jump, Says Report
Some homebuyers are retreating back to the sidelines as mortgage rates ascend toward 7%, according to a new report from Redfin, the technology-powered real estate brokerage. Redfin’s Homebuyer Demand Index—a measure of requests for tours and other services from Redfin agents—fell 1% from a week ago, the first decline after a month of increases, and mortgage-purchase … [More]
Semiconductor Solutions Co. Launches Operations at Manufacturing Facility in Peoria
HyRel Technologies, a global provider of quick turn semiconductor modification solutions, announced it has commenced operations of its manufacturing facility in Peoria, Arizona, creating 50 new jobs. Representing a $15 million investment, the custom 20,000-square-foot facility will be geared towards touchless robotic processing systems for microelectronic components, … [More]
Venture Madness Selects 17 Companies as Finalists for their Annual Competition
Venture Madness by Invest Southwest has selected 17 finalists for the 2023 Venture Madness Competition. Finalists were selected by judges from a pool of 88 applicants based on market need, industry attractiveness, competitive advantage, business model, management team and investment opportunity. "These 17 companies will compete at the 2023 Venture Madness … [More]
Banner’s All-in-One Health Care Facility to Open at The Grove
Banner Health announced the opening of Banner Health Center plus in the Arcadia community. The center is an “all-in-one” health care facility at The Grove, located at Camelback and 44th Street in Phoenix. “Banner Health Center plus is a destination health care setting,’’ said James Cote, vice president of the non-profit organization’s ambulatory services. “We’re bringing … [More]
Super Bowl Sick Monday: Arizona Ranks 3rd for Wanting a Sick Day
It's the morning after, also known as Super Sick Monday - this day has been notoriously known as a day when people call out of work. But which states suffer the most from ‘Super Bowl Sick Monday’? To reveal this, Betway analyzed Google search data for each state for terms such as ‘calling in sick to work’, and ‘how to call out of work’, with Arizona ranking 3rd on the … [More]
Super Industry: Arizona’s Sports and Tourism Sector Contributes $24.1 Billion to State Economy
As Super Bowl LVII descends on Arizona, a new report from the non-partisan Common Sense Institute finds that the total impact of the state’s sports and tourism sector is significant – a total of $24.1 billion in Gross Domestic Product and hundreds of thousands of jobs. Moreover, this important industry – 11 percent of our workforce and 6.4 percent of total economic activity … [More]
Rents Rose 2% in January—the Smallest Increase in 20 Months, Says Report
The median U.S. asking rent rose 2.4% year over year to $1,942 in January—the smallest increase since May 2021 and the lowest level in nearly a year, according to a new report from Redfin, the technology-powered real estate brokerage. That’s roughly one-sixth the pace of January 2022, when rents were up 15.6% from a year earlier. January marked the eighth straight month in … [More]
