Economy Archives

Arizona’s hospitality industry embraces global market

climate denialism

Arizona has the Grand Canyon, Monument Valley and Sedona, but to promote these natural wonders to international travelers is no walk in the park. To showcase Arizona around the globe, it takes detailed research, strategic planning, effective branding and marketing, a global network of industry professionals — and the power to erase any lingering negativity… Read More →

ASU honors top ASU-bred entrepreneurs

Entrepreneurs

Arizona State University has been gaining a nationwide reputation as a breeding ground for entrepreneurs. Accordingly, next week, the W. P. Carey School of Business at ASU is holding its first-ever Sun Devil Select event, to honor some of the country’s top ASU alum-owned and alum-run businesses. Seventeen firms from a variety of industries will… Read More →

$600M sale of Ulthera named Deal of the Year for 2014

Matt Likens - AZ Business Magazine January/February 2012

The $600 million purchase of Mesa-based Ulthera, Inc. by German company Merz Pharma was selected as the 2014 Deal of the Year Award by the Association for Corporate Growth-Arizona Chapter. The “Deal of the Year” is an award given by the Arizona Chapter of the Association for Corporate Growth (ACG) to recognize a company or private equity firm for their accomplishments regarding a… Read More →

Western Alliance Bancorporation acquires Bridge Capital Holdings

bank loan

Western Alliance Bancorporation and Bridge Capital Holdings announced today that they have signed a definitive agreement pursuant to which Western Alliance Bancorporation will acquire Bridge Capital Holdings. Immediately following the completion of the acquisition, Bridge Capital’s principal operating subsidiary, Bridge Bank, will merge with and into Western Alliance Bank, a wholly owned subsidiary of Western… Read More →

Revana hiring more than 250 in Tempe

jobs

End-to-end revenue generation and sales solution provider, Revana, a TeleTech company, today announced that the company will be hosting job fairs in Tempe, Arizona in order to fill over 250 openings. Revana is looking for qualified candidates to fill managerial, business-to-business inbound and outbound customer service and sales representative positions. These positions are great for… Read More →

ACG names finalists for ‘Deal of the Year’

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Three finalists have been named for an award recognizing the most significant mergers and acquisitions transactions in Arizona. The “Deal of the Year” is an award given by the Arizona Chapter of the Association for Corporate Growth (ACG) to recognize a company or private equity firm for their accomplishments regarding a merger, acquisition or capital market transaction.  The award will recognize a… Read More →

How to prepare your business for sale

hand over of house keys

Most business owners grossly over estimate the value of their company. This is just one of many reasons companies for sale fail to secure a suitable buyer. Another reason is poor planning. Currently, 80 percent of the owners trying to sell their small to medium sized companies will run into difficulty. Business owners often consider… Read More →

Phoenix-area housing market sees uptick

housing.prices

The sluggish Phoenix-area housing market just got a pleasant surprise. New figures show a sudden uptick in buyer demand, with a significant boost in homes under contract since late January. “I do NOT think this has anything to do with the crowds that came in for the recent Super Bowl in Arizona, but that is… Read More →

Enterprise Bank expands mortgage division

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Recognizing the Valley’s continued residential real estate market recovery, Enterprise Bank & Trust has expanded its mortgage products for current and prospective clients interested in home purchase, refinance and other mortgage portfolio services. To lead the expansion in Phoenix, Enterprise Bank & Trust has added seasoned mortgage expertise to its team including Brian Occhipinto, who… Read More →

Take Charge America unveils Home Ready Counseling

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Prospective homebuyers across the country now have access to a new service helping them receive approval for a mortgage. Take Charge America, Inc., a national nonprofit credit counseling and debt management agency headquartered in Phoenix, now offers Home Ready Counseling, a program specifically designed to address the top approval requirements for a home loan. “With… Read More →

Taxpayers could see smaller state tax refunds

taxes

H&R Block, the world’s largest consumer tax services provider, says taxpayers in about one in four states are not able to use certain federal tax breaks to benefit their state returns. Although Congress extended popular expired tax breaks in December, 12 states have not passed legislation recognizing those changes on their state tax return. These… Read More →

Super Bowl generates record revenues for hotels

football

In addition to being the most-watched televised event of all time, Super Bowl XLIX generated unprecedented revenues for metropolitan Phoenix’s hotel industry. According to Smith Travel Research, revenue per available room (RevPAR), a key indicator of hotel performance, spiked at $324.87 for metro Phoenix on Jan. 31, the day before the Super Bowl. That’s the… Read More →

Toby Keith’s hiring more than 100 workers

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Phoenix-based Boomtown Entertainment, the parent company of Toby Keith’s I Love This Bar & Grill, announced a job fair for the near opening of its 15th location at High Street, formerly known as City North. Boomtown Entertainment is scheduled to open at High Street in March and will staff more than 100 positions for its newest Toby Keith’s I… Read More →

Phoenix home prices rose 5 percent in 2014

housing.prices

The final numbers are out for 2014, and the median single-family-home prices in the Phoenix area officially went up 5.4 percent. 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 that report on Maricopa and Pinal counties, as of December:… Read More →