Economy Archives

Arizonans’ holiday spending tops national average

holiday.shopping

Arizona residents plan to open their wallet wider than much of the rest of the country by spending an average of $1,248 over the holidays; that’s more than 10 percent higher than the national average of $1,129, both figures according to the BMO Harris Bank Holiday Spending Report. Slightly more than one-third (36 percent) report… Read More →

Pinnacle West declares quarterly dividend

energy.bill

Pinnacle West Capital Corporation’s Board of Directors today declared a quarterly dividend of $0.595 per share of common stock, payable on March 2, 2015, to shareholders of record on February 2, 2015. Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of about $14 billion, nearly 6,400 megawatts of generating… Read More →

Rosalinda Apartments sells in Phoenix for $545K

Rosalinda Court Apartments_9-Units_Globe Street
December 17, 2014 by in AZRE Magazine | Economy | Featured

Cooper, Cardinal and Company LLC, a boutique multi-family investment brokerage firm with headquarters in Phoenix, Arizona, recently closed the transaction for Rosalinda Apartments, a 9-unit turn-key multi-family community located in Phoenix, Arizona. The sale price of $545,000 equates to $60,556 per unit or $61.44 per square foot. Jack A. Cardinal, a Managing Director of the… Read More →

Experts: Tucson economy is set to grow in 2015

An Aerial Shot of Downtown Tucson, Arizona

Things are looking up for Tucson, with an economy that is set to grow in 2015 and 2016. That was one of the key takeaways from today’s University of Arizona Eller College of Management annual Economic Outlook Forecast Luncheon at the Westin La Paloma Resort in Tucson. Some 540 people packed the room to hear… Read More →

Consortium buying PetSmart for $83 per share in cash

doggies, web

PetSmart, Inc. announced that it has entered into a definitive agreement to be acquired by a consortium led by BC Partners, Inc. at a price of $83.00 per share in cash, representing a premium of approximately 39% over PetSmart’s unaffected closing share price on July 2, 2014. The consortium includes Funds advised by BC Partners… Read More →

UA’s Phoenix campus has nearly $1 billion economic Impact

phoenix

University of Arizona President Ann Weaver Hart and Phoenix Mayor Greg Stanton today announced that the economic impact of the UA’s downtown Phoenix academic medical center in 2013 was $961 million, according to a report released by nationally recognized consultants Tripp Umbach. “Our College of Medicine and the academic medical center have become key generators… Read More →

Arizona business owners optimistic for 2015

Deloitte Report Reveals Mid-Market Companies Expect U.S. Economic Growth

BMO Harris Bank released a study that found that business owners and executives in Arizona were optimistic about the prospects for the state’s economy in the coming year. Eighty-six percent of respondents feel Arizona’s economy will grow or stay at the same level in 2015 (39 percent say it will improve, 47 percent think it… Read More →

Experts: 2 more years until full economic recovery in Arizona

Deloitte Report Reveals Mid-Market Companies Expect U.S. Economic Growth

We can expect our economic recovery to take about another two years in Arizona. That’s what experts said today at the 51st annual Economic Forecast Luncheon co-sponsored by Arizona State University’s W. P. Carey School of Business and JPMorgan Chase. About 750 people attended the event at the Phoenix Convention Center. Key experts delivered a… Read More →

Boyes named founding director of ASU research center

Arizona Economic Forecast 2011

ASU has announced the appointment of Professor William Boyes as the founding director of the Center for the Study of Economic Liberty at the university’s business school. Through the research center, Boyes will be able to build on his scholarly investigation of how economics, policy and general well-being are influenced by individuals’ ability to make… Read More →

E-cigarette tax could generate $6M a year for Arizona

vaping

The Arizona Legislature’s budget analysts say a tax on electronic cigarettes could bring $6 million a year in new revenue into the state’s coffers. The analysis released by the Joint Legislative Budget Committee bases that figure on taxing the nicotine vapor smokes at the same ratio as the current $2 per pack tax on regular… Read More →

Phoenix Chamber seeks nominees for IMPACT Awards

Staying Innovative as a One Man Operation

The Greater Phoenix Chamber of Commerce (GPCC) seeks nominations for its 2015 IMPACT Awards, which honor the accomplishments of outstanding Valley businesses and the positive impact they’ve made on the Greater Phoenix business community. Nominations — which can come from anyone in the community — are open from now until January 9, 2015, and can… Read More →

Arizonans spend more on Cyber Monday than Black Friday

holiday.shopping

Arizonans plan to spend more money shopping electronically on Cyber Monday ($556) than hitting the malls and super-stores on Black Friday, where they plan to spend $433, according to the BMO Harris Bank Holiday Report. The survey examined the buying intentions of consumers ahead of Black Friday – the day after Thanksgiving; and Cyber Monday,… Read More →

Phoenix Housing Market in Low Gear Until Next Year

housing

The Phoenix-area housing market is unlikely to see a significant boost until next year. That’s according to the latest monthly report from the W. P. Carey School of Business at Arizona State University. Here are the highlights of the new report on Maricopa and Pinal counties, as of September: • The median single-family-home sales price… Read More →

Arizona drops from Top 10 for job growth

phoenix

We’re still slowly recovering from the staggering loss of jobs during the Great Recession, but some cities and states are rebounding faster than others. The job-growth numbers for the first three quarters of 2014 are now out. Research Professor Lee McPheters of the W. P. Carey School of Business at Arizona State University provides rankings… Read More →