Tag Archives: phoenix

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FirstBank fund helps qualified homebuyers buy new homes

FirstBank Holding Company, a holding company with 15 banking locations throughout Arizona, announced a $1 million community development investment with Trellis (formerly Neighborhood Housing Services of Phoenix), an organization dedicated to making financially stable homes, neighborhoods and communities possible in Maricopa County. FirstBank’s contribution will provide qualified homebuyers up to $25,000 to be used as a down payment toward the purchase of a new home.

Trellis was founded in 1975 with the help of the City of Phoenix and Neighborhood Works America, a national nonprofit organization that provides financial support, technical assistance and training for community-based revitalization efforts. The organization focuses on lending, learning and building by offering mortgages with little to no down payment, providing financial literacy classes and acquiring and renovating distressed properties, respectively.

“We made this contribution to Trellis because we believe in helping people who are pursuing the American Dream of home ownership,” said Angelo Chin Foo, banking officer at FirstBank and Trellis board member. “Trellis is a multi-service organization that has made a significant impact on the community over its 40-year history. With this investment, we hope to play a small role in helping Trellis deliver its mission of providing more affordable housing to Arizonians.”

Structured as an “equivalent equity investment,” FirstBank’s $1 million contribution allows qualified homebuyers to borrow up to $25,000 towards the purchase of a new home. Homebuyers repay the loan to Trellis over a 15-year period, and Trellis will use the repaid funds to provide assistance to homebuyers across Maricopa County, in perpetuity.

“Access to affordable housing benefits everyone. Individuals and families become stable and more economically secure, neighborhoods become more active and cities gain jobs and tax revenues,” said Patricia Garcia-Duarte, president and CEO of Trellis. “We rely on generous partners like FirstBank to help us strengthen our local communities and empower homebuyers, and we couldn’t be more grateful for this generous support.”

FirstBank opened its first location in Arizona in 2007 and has since expanded to 15 locations. All Arizona branches offer a full range of services, including Free Checking, Free Business Checking, mortgages, home equity loans and commercial loans. The bank is the main sponsor of Arizona Give Day, a 24-hour online giving initiative aimed at increasing individual giving throughout the state.

For more information, visit TrellisAZ.org.

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Squire Patton Boggs announces 40 promotions

Squire Patton Boggs announced the promotion of 40 lawyers as partners and principals. The promotions are within most of the firm’s key practices and involve lawyers from 21 offices around the world.

“I would like to congratulate all of our colleagues on their well-deserved promotions,” said Mark Ruehlmann, chair and global CEO of Squire Patton Boggs. “This set of promotions reflects the real depth and breadth of talent that runs throughout our firm and also the scale of ambition we share for growing our business and providing the highest quality service to our clients.” 

The following lawyers have been promoted as partners in the Phoenix office:

• Jaime R. Daddona, Corporate

• Jacob B. Smith , Tax Strategy & Benefits

Squire Patton Boggs is one of the world’s strongest integrated legal practices.  With 44 offices in 21 countries, the firm is renowned for its local connections and global influence, delivering comprehensive legal services across North America, Europe, the Middle East, Asia Pacific, and Latin America.   With expertise spanning all key sectors, the firm is also known for its preeminent public policy practice and deep-rooted relationships in Washington DC and Brussels.  For more information, visit www.squirepattonboggs.com

switch

Eight’s Check Please! is a must for Arizona foodies

The third annual Eight’s Check Please! Arizona Festival will be held on March 22nd, 2015 at Cityscape in Downtown Phoenix from 11 a.m.-3 p.m.

The culinary festival will feature local, independent eateries from hamburger haunts to five-star, gourmet restaurants. Local foodies will be able to try an array of different foods and explore in this one-stop shop festival.

A featured show on Eight, Arizona PBS, establishments that have appeared on the shows in previous episodes will again make an appearance at the festivals.

However, new to the festival in 2015 will be the showcase of different chef’s talents as they display their abilities to feed in style; this will include a second panel of top Valley chefs and a lineup of cooking demonstrations by local chefs on two stages, provided by SubZero/Wolf. You can also take a tour of favorite wines with Chef Christopher Gross, who will also provide insight into his favorite wine and food pairings.

The festival will be featuring the following returning establishments: Switch Restaurant & Wine Bar, The Wild Thaiger, Salerno’s, Haus Murphy’s, Frasher’s Steakhouse & Lounge, The Salt Cellar, Flavors of Louisiana, Rancho Pinot, Cowboy Ciao, Jewel of the Crown, Cucina Tagliani, Tarbell’s, San Tan Brewing Company, Thee Pitts “Again,” Hob Nob, Phoenix City Grille, Red, White and Brew, Betty’s Nosh, Avanti Restaurant, MacAlpine’s Restaurant & Soda Fountain, and TEXAZ Grill.

For the opportunity to try out these restaurants and explore the new additions as well, you can buy your ticket at www.azpbs.org/checkplease/festival. General admission is $79 if bought online, but $89 if bought at the door on the day of the festival. Cost admissions include food, wine and beer sampling as well as panel discussions, cooking demonstrations and guest lectures.

Last year, the event sold out, so obtain your ticket soon if you would like to attend.

For more information on sponsorship and participation opportunities with Eight’s Check, Please! Arizona Festival, please contact Chelsea Fox at R Entertainment Co., 480.657.7333 ext.15 or email Chelsea@r-entertainment.com.

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Colliers announces first quarter broker promotions

Colliers International in Greater Phoenix recently promoted 10 brokers, including one to senior executive vice president and three to executive vice president. Each year, Colliers promotes brokers in the first quarter.

“The promotions recognize the dedication, talent and expertise of our brokers who know how to maximize opportunities for our clients,” said Bob Mulhern, managing director of Colliers Phoenix office. “The number of promotions points to the accelerating success of Colliers in the Phoenix marketplace. We’ve recruited 23 new brokers and more than doubled our production in the past five years,” he added.

William S. Littleton SIOR, MCR, SLCR was promoted from executive vice president to senior executive vice president of corporate services. Littleton has almost 30 years of experience with Colliers. This position is awarded for high business production, significant industry experience and expertise and local office leadership. Littleton has leased and sold in excess of $500 million of industrial and office properties throughout North America, EMEA (Europe, Middle East and Africa) and Asia/Pacific.

Bill Hahn, Jeff Sherman and Trevor Koskovich of the HSK Multifamily Team were promoted to executive vice president from senior vice president. This team’s success in Arizona led it to branch out to other states, where it is actively disposing of assets in Las Vegas; El Paso, Texas; and Albuquerque, N.M.

Promoted from vice president to senior vice president were Brad Cooke and Rob Martensen, SIOR, CCIM. Cooke joined Colliers in 2006 and is part of the Colliers Cooke Team, where his primary role is client relationships in acquisitions and dispositions in the multifamily investments sector.

Martensen, during his 18 years with Colliers, has been involved in more than 700 transactions involving industrial sales, leasing, build-to-suits and land sales. He specializes in assisting industrial landlords, developers and tenants, helping them make successful decisions in the Phoenix market by providing a deep knowledge of current industrial trends and product types.

Associate vice presidents who are now vice presidents are Marcus Muirhead and Ryan Timpani. Muirhead joined Colliers in 2006. A member of the Colliers Healthcare Services Group, he specializes in medical office and retail investment properties. Timpani is a member of the Lambeth-Noel-Timpani team—one of the top producing office properties teams in Metro Phoenix. He joined Colliers in 2010.

Former senior associates Danny Plapp and Peter Bauman were named associate vice presidents. Plapp specializes in landlord advisory services in Class A and B office properties throughout metropolitan Phoenix. He joined Colliers in 2012.

In addition to becoming associate vice president, Bauman was named Rookie of the Year for Colliers International in Greater Phoenix. This honor is given to a broker with one to two years’ experience who has met the Colliers’ Phoenix office standards for a productive year. His focus is investment sales, especially national net leased assets.

Colliers top producers in 2014 were Cindy Cooke, Brad Cooke, Trevor Koskovich and Jeff Sherman, Todd Noel and Keith Lambeth, William S. Littleton, William R. Hahn, Paul Sieczkowski, Rob Martensen, Kim Soule’, Philip A. Wurth, Don MacWilliam and Payson MacWilliam, Mindy Korth, John Barnes, Tivon Moffitt and Jim Keeley. 

Recognized for 30 years of service was Tom Knaub, vice president. Acknowledged for 10 years of service was Jerry Tenge, senior vice president.

Seven brokers have five years of tenure: Bob Broyles, senior vice president; Tim Dulany, vice president; Hahn, Koskovich and Sherman, all new executive vice presidents; Tyler Smith, vice president and Phil Wurth, vice president. Administrative assistant Bertie Burckle was recognized for 20 years of service.

In the Real Estate Management (REMS) division of Colliers International, Jonni McCray was promoted to operations coordinator from administrative assistant.

Three REMS employees were recognized for 10 years of service: Eulalio M. Castaneda and Larry Dillion, both at ASU Brickyard and Tammy Forbis, assistant property manager.

Those with five years of tenure included Amanda Joiner, senior service center coordinator and

McCray. Also with five years are Steve Skibbe, building engineer; Robert Verdugo, maintenance technician; and Brian Wedgeworth, assistant chief building engineer; all at the ASU Downtown Campus.

Rendering, planned clinical tower, Banner-University Medical Center Tucson. Image courtesy of Shepley Bulfinch.

Shepley Bulfinch, GLHN awarded Banner project in Tucson

Banner Health has awarded the contract for the design of the new Banner – University Medical Center hospital facility in Tucson to Shepley Bulfinch architects of Phoenix, in association with GLHN Architects & Engineers, Inc. of Tucson. The 11-story tower is scheduled for completion in 2019.

This news follows Banner’s acquisition of the University of Arizona Medical Center, which was finalized on February 27.

“We are honored to be working with Banner Health as they rebuild the core of the hospital,” said Shepley Bulfinch’s David Derr, AIA, principal-in-charge for the project. “Both Shepley and GLHN know the University Medical Center well from our previous work, and we understand its importance to the residents of Tucson and surrounding communities.”

Shepley Bulfinch brings national expertise in academic medical center design to the project, with clients that include Yale-New Haven Hospital and Dartmouth-Hitchcock Medical Center. The firm prepared the Master Plan for the new facility and completed the hospital’s surgical services renovation and expansion in 2013. Elsewhere in Tucson, Shepley Bulfinch worked with city officials and community stakeholders on the development of the Main Gate Overlay District near the University of Arizona campus.

Tucson-based GLHN has collaborated on significant local projects, including the Streetcar Maintenance and Storage Facility and Pima County Courts Complex, both integral to the city’s downtown redevelopment efforts.  The firm has provided services to the healthcare industry for over 40 years, working at over 120 VA Medical Centers nationwide and renovating more than 100 areas on the University of Arizona Medical Center campus.

Esplanade

CBRE completes sale of Esplanade III

CBRE has negotiated the sale of Esplanade III, a 218,266-square-foot office building located at 2415 East Camelback Road in Phoenix. Financial terms of the transaction were not disclosed. The property was approximately 95 percent leased at time of sale.

Jim Fijan and Will Mast with CBRE’s Phoenix office negotiated the sale, along with Kevin Shannon of CBRE’s South Bay, California office. The seller was an institutional client of AEW Capital Management, L.P. The buyer was Dallas-based Crow Holdings.

“This is the highest price per square foot for a multi-tenant, class A asset since the downturn,” said CBRE’s Fijan. “Office fundamentals are improving and pricing is approaching pre-recession levels. Investors are taking notice and have shifted their attention to Phoenix, especially as pricing in coastal markets skyrockets.”

As part of the Esplanade mixed use development, Esplanade III benefits from the wealth of on-site amenities shared by the complex. MetLife, owner of the other four office buildings in the development, recently announced a refresh of the retail amenities such as new restaurants and a new common area business center. 

Developed in 1997, Esplanade III is a ten-story, class A, multi-tenant office building located in the heart of the Camelback Corridor. Ninety-five percent leased at time of sale, tenants include CBRE, Alliance Residential, Regus, Helios and Major League Baseball’s western headquarters, among others.

Waterford Hi-Res Image, ABI Multifamily, WEB

Apartment industry contributes $9.9B to Phoenix economy

The apartment industry emerged as one of the strongest sectors coming out of the Great Recession, and a new study shows just how much the Phoenix economy benefited from the rental boom. In 2013 – the latest numbers available – apartment construction, operations and resident spending contributed $9.9 billion locally and supported 99,900 jobs in the metro area.

The economic data are part of new research commissioned by the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA), which looks at dollars and jobs from apartment construction, operations and resident spending, nationally, by state and in 40 specific metro areas, including Phoenix. The data, based on research by economist Stephen S. Fuller, Ph.D., of George Mason University’s Center for Regional Analysis, are available on the website www.WeAreApartments.org.

Nationally, the apartment industry and its 36 million residents contributed an impressive $1.3 trillion to the U.S. economy, supporting 12.3 million jobs across the U.S. in 2013. 

The study showed that in the Phoenix metro area:

• The local economic contribution from the apartment industry totaled $9.9 billion, supporting 99,900 jobs.

• The economic contribution of local apartment construction totaled $1.4 billion.

• The economic contribution of local apartment operations totaled $1.7 billion.

• Apartment construction and operations supported $1.1 billion in personal earnings for local workers.

• Renter spending in the Phoenix metro area contributed $6.9 billion to the local economy.

• The total economic contribution of the apartment industry and its residents in Arizona totaled $13.1 billion and supported more than 131,700 jobs.

“Job growth in Phoenix is on the rise, increasing demand for apartments. As a result, apartment construction levels are elevated in the area, especially in Phoenix’s higher-end north and east side neighborhoods where new apartments are most needed. Our city’s east side, in particular, generates tremendous apartment demand due to its proximity to Arizona State University and its accessibility to nearby employment areas,” said Tom Simplot, President & CEO of the Arizona Multihousing Association. “The rental boon – both locally and nationally – has been fueled by demographic changes like the growing Millennial population and a rediscovery of metropolitan urban cores.”

“Here in Phoenix, we’re feeling the positive economic impact of the booming apartment industry, which is helping our city thrive,” Simplot explained. “The great news about the apartment industry is that the dollars and jobs don’t end with construction. The ongoing operations and resident spending make each apartment community an economic engine, supporting local jobs and making a positive economic impact in our area – and in towns across the country.”

“Our study showed major increases around apartment construction, with construction spending, economic contributions and personal earnings all rising substantially,” said Fuller. “The construction for multifamily apartment buildings is a significant and growing source of economic activity, jobs and personal earnings in communities nationwide.”

“According to our study findings, apartment construction has been on the rise over the past five years. In 2009, during the economic recession, there were only 97,000 construction starts, which was the lowest level since records began in 1964. In comparison, there were 294,000 construction starts in 2013 – a significant increase,” said NAA Chairman Tom Beaton, Senior Vice President, Management, The Dolben Co.

“The most visible sign of the rental resurgence – apartment construction – is on the rise, contributing $93 billion to the national economy in 2013, resulting in $30 billion going directly into the paychecks of more than 700,000 workers,” said NMHC Chairman Daryl Carter, CEO of Avanath Capital Management.  “Besides all the dollars and jobs, the increase of available apartments will also help address affordability challenges that we see in many markets across the U.S.”

In conjunction with the study’s release, the website www.WeAreApartments.org breaks down the data by each state and 40 key metro areas. Visitors can also use the Apartment Community Estimator – or ACE – a tool that allows users to enter the number of apartment homes of an existing or proposed community to determine the potential economic impact within a particular state or metro area.

For more information, visit www.WeAreApartments.org/metro/Phoenix.

The Arizona Multihousing Association is the statewide trade association for the apartment industry in Arizona, providing education and advocacy for ethical and fair housing.

The Arizona Multihousing Association is the statewide trade association for the apartment industry in Arizona, providing education and advocacy for ethical and fair housing.

sales

Savills Studley expands U.S. presence to Phoenix

Savills Studley, a commercial real estate services firm, announced the opening of its first-ever Phoenix office. The firm signed a lease at Anchor Centre East (2231 E. Camelback Road). Tiffany Winne, Senior Vice President at Savills Studley will lead the firm’s operations in Phoenix. Winne hired Ryan Bartos and Matthew Coxhead, both prominent and respected industry professionals within Phoenix’s commercial real estate community, to assist her with the growth and development of Savills Studley’s presence in the Phoenix market. The launch marks the firm’s 26th location within the United States.

“We have relationships with many Phoenix-based companies and look forward to working with them more closely.  We have a solid track record of transaction work in that market and only look forward to growing it now with a dedicated presence.  We are excited about Phoenix due to its growing reputation as a hot spot for technology, advertising, media and information firms and talent, as well as its strength among more traditional space users like law firms and corporations,” says Savills Studley Chairman and CEO Mitch Steir.

Winne and the Phoenix team’s primary focus will be on coverage of the Phoenix metro area and select domestic and global portfolios. In addition, the team will recruit top talent locally throughout 2015 and beyond. The Phoenix office will benefit from the support of Savills Studley’s stellar resources worldwide, including best-in-class market research, financial analysis and services delivery expertise. As part of London-headquartered Savills plc, the premier global real estate service provider, the Phoenix team can tap into the global network of more than 27,000 professionals across 600 locations.

“We are thrilled to entrust Tiffany with the expansion of our tenant representation practice into Phoenix, a very promising market with a growing appetite for our specific services and expertise,” says Michael Colacino, president of Savills Studley.  “We are confident that Tiffany’s brilliant leadership skills, industry knowledge and remarkable understanding for the firm’s values and unique culture, coupled with the market expertise and impressive capabilities Matt and Ryan demonstrate, will prove to be a winning formula for Phoenix.”

Tiffany Winne

Throughout her real estate career, Winne has executed transactions totaling over 10.8 million SF with a value of over $3.4 billion across 20 broad industries in 30 major markets domestically and internationally.  Her career has been devoted solely to representing tenants and helping them turn real estate into a strategic advantage. She serves clients across a wide breadth of industries, including financial services, law, media and technology, health care, and not-for-profits. Tiffany has developed an expertise not only in managing transactions, but also in analyzing and operating complex portfolios in office industrial and retail sectors for both leasing and sales.  She has developed a reputation for solving the complex real estate challenges of organizations spanning many geographies and property types.  She is a dedicated advisor to a broad spectrum of business types where sophisticated business acumen is highly valued and critical to project success.

Winne is a past recipient of Crain’s Chicago Business “40 under 40” top young executives and is often quoted in a range of publications, including Businessweek, the Chicago Tribune, Crain’s Chicago Business, Commercial Property News, Illinois Real Estate Journal, and Real Estate Forum. Winne earned a Bachelor of Arts from Middlebury College and a Master of Arts from St. Johns College.  She also served in the United States Peace Corps. Throughout her career, Winne has successfully negotiated and secured leases on behalf of major corporate tenants including Time, Inc., AllianceBernstein, Integrys, Morton Salt as well as national law firms including Faegre Baker Daniels, Jackson Lewis and Drinker Biddle & Reath.

“I am honored and excited for the opportunity to open the firm’s Phoenix office alongside Matt and Ryan. We look forward to offering the Phoenix market the highest caliber of tenant-focused services,” says Winne.

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McDowell Mountain Music Festival returns March 27-29

The three-day McDowell Mountain Music Festival, which takes place March 27-29, features a lineup that includes Widespread Panic, Passion Pit, Thievery Corporation, Phantogram, Portugal. The Man, Trombone Shorty & Orleans Avenue, Karl Denson’s Tiny Universe, Beats Antique, Trampled by Turtles, StrFkr, Robert Delong and Break Science.

“This festival is a party for the people,” said John Largay, president of Wespac Construction, which has produced the festival since 2004. “It’s a community effort, engaging music enthusiasts to come out to enjoy an eclectic mix of talents and also to support notable charities in the Valley.”

The 12th annual festival will be held at Margaret T. Hance Park in downtown Phoenix, March 27-29, 2015. VIP, three-day and single-day tickets are now on sale at www.mmmf.com. After hours event passes will also be on sale at a later date. For more information about concert details and ticket prices, visit www.mmmf.com.

As Arizona’s only 100 percent nonprofit music festival, Largay said the McDowell Mountain Music Festival is proud to continue its alliance with two local, family-based, non-profits beneficiaries: Phoenix Children’s Hospital Foundation and UMOM New Day Center, which provides homeless families and individuals with safe shelter, housing and supportive services. Over the years, the festival has raised more than one-million-dollars in funds for charity.

healthcare

Phoenix is No. 1 city for healthcare jobs, ZipRecruiter says

The job market has had its ups and downs over the last few years, but the healthcare industry has consistently added jobs no matter how bad the overall economy got. The future of healthcare employment looks bright as well, with government estimates indicating that almost 3 million jobs are set to be added in the healthcare industry by 2022.

All of this means that when it comes to picking a career field which offers almost a lifetime guarantee of hireability – something almost unheard of in the modern American economy – healthcare is still a great choice.

Once you make that career choice, though, you still need to find a place to start that career, and there are big differences in the job market from city to city, even in a field like healthcare. After all, a nursing degree from even the best school is not going to do you much good if you move to a city with weak demand for nurses.

To find out where the best cities for healthcare careers are, ZipRecruiter looked at the ratio of healthcare jobs to regular jobs combined with an analysis of the number of healthcare companies in each city.ZipRecruiter then ranked the top ten cities according to how strong healthcare hiring is in each one.

According to ZipRecruiter, here are the best cities for healthcare jobs right now:

1. Phoenix, AZ
Population: 4.3 million
ZipRecruiter Score: 16

 

2. Sacramento, CA
Population: 2.6 million
ZipRecruiter Score: 14

3. Tampa, FL
Population: 2.8 million
ZipRecruiter Score: 13.6

4. Pittsburgh, PA
Population: 2.3 million
ZipRecruiter Score: 13.5

5. Hartford, CT
Population: 1.2 million
ZipRecruiter Score: 13.4

health,informatics

Banner, UA launch informatics fellowship program

A two-year Clinical Informatics Fellowship Program, sponsored by Banner – University Medical Center Phoenix (formerly Banner Good Samaritan Medical Center), is being launched following the creation of a new clinical subspecialty by the American Board of Medical Specialties.

The American Council on Graduate Medical Education has accredited the program, which is scheduled to begin later this year, said program director Howard Silverman, MD, MS. Two physician fellows will be admitted in July in the first program cohort.

The program will be overseen by Dr. Silverman, chairman of the department of Biomedical Informatics at the University of Arizona College of Medicine – Phoenix. Biomedical Informatics faculty from all major teaching affiliates will be actively involved in this innovative training program.

Biomedical informatics is the emerging field of optimizing data, using technology, to improve patient care and research.

“This fellowship is meant for the physician trying to pursue a more effective use of biomedical data to improve health,” said Dr. Silverman. “This represents another way we are training the next generation of physicians to thoughtfully utilize information technology to improve the quality and safety of clinical care.”

The American Medical Informatics Association has defined the fellowship as one in which physicians will pursue the effective uses of biomedical data, information, and knowledge for scientific inquiry, problem solving, and decision making, motivated by efforts to improve human health. Notice of accreditation was received on Feb. 25.

The fellowship is a community-based initiative with a diversity of settings, projects and approaches and is open to physicians of all specialties following completion of a primary residency. Fellows will take on rotations, projects and electives, as well as eight online core content courses from Oregon Health and Science University, totaling 24 credits, and resulting in a Graduate Certificate in Biomedical Informatics from the Oregon school. The major teaching sites are Banner Health, Dignity Health, Maricopa Integrated Health System, Phoenix Children’s Hospital, the Phoenix VA Medical Center and the State of Arizona Office of Public Health Statistics.

summer energy demand

How to prepare your A/C and home for summer

After nearly 40 years of serving Valley families, the techs at Donley Service Center have pretty much seen it all. They’ve provided relief during Phoenix’s all-time record high of 122 and warmed plenty of homes not used to below freezing temperatures.

While July is usually our hottest month, now is the time to prepare your air conditioner and home to ensure the lowest energy bills and maximum efficiency. Donley experts are available to discuss the following tips:

Change your air filter

• Our dry, dusty climate can quickly clog your filter, which can lead to higher energy bills and more repairs. It’s a good idea to clean or replace your filter every month.

Clearing and cooling the area

• Planting shrubs or trees can provide shade to the a/c unit, which leads to less electricity being used. But, not too close or you’ll restrict airflow. Make sure the area is free of leaves, weeds and debris.

Seal the leaks

• The fastest way to save money is to use caulk or weather-stripping on your doors and windows.

Set it and forget it

• You won’t conserve energy by constantly changing the thermostat. Set it at the highest comfortable level and leave it. Or, try a programmable thermostat that will automatically adjust for times you are away and sleeping. Note: Keep your set back point 4 degrees or less when setting a programmable thermostat.

Use ceiling fans

• They move the air so you feel cooler, but turn them off when no one’s in the room.

Move the lamps

• Thermostats can pick up the heat from lamps, TV’s and appliances so keep them away.

Invest in sunscreen

• Keep blinds and drapes closed and install sunscreens to keep the heat out.

Although the Environmental Protection Agency saysthe average air conditioner lasts 15 to 20 years, in Arizona we generally experience a shorter life span – closer to 12-15 years. While it may seem like a pretty wide span, we know that properly maintained units that are checked annually by qualified technicians last the longest and run the most efficiently during our triple digits.

lease

NexMetro will build leased-home neighborhood in Chandler

Phoenix-headquartered NexMetro Communities, America’s builder of next-generation leased–home neighborhoods, announces the purchase of 15 acres at the northeast corner of Warner Road and Grace Boulevard, just west of Arizona Avenue, in Chandler, Arizona, where it plans to develop 194 homes. The development will feature one, two, and three bedroom floorplans and continues the developer’s charter of building single-family, detached homes for lease that cater to lifestyle-conscious consumers.  The deal, which closed on March 2, is part of NexMetro’s aggressive growth strategy for 2015.

The acquired property is less than two miles from Chandler’s Downtown District, and nearby to Gilbert’s Heritage District, both of which have undergone extensive redevelopment initiatives in the last several years.  With only two multifamily properties constructed in the area over the last 11 years, the construction of the new Avilla Homes neighborhood is expected to be a significant catalyst in the community’s revitalization, attracting higher-income residents seeking a quality lifestyle. 

Ground breaking is expected to occur in April, and homes will be ready to lease at the end of 2015.  Another Avilla neighborhood in Chandler, Avilla San Marcos, opened in two phases in 2014, and today has 257 homes located at Alma School and Pecos Road. 

“The City of Chandler is excited to see a project that is consistent with the recommendations of the Mayor’s 4-Corner committee to redevelop older, challenged commercial space,” said James Smith, Economic Development Program Manager.  “The Avilla Grace development fits our strategy of bringing increased density and activity to intersections with underperforming commercial space. The influx of new residents will help support the remaining commercial space and provide density on an important transit corridor.” 

NexMetro and its affiliated companies have been developing Avilla Home neighborhoods since 2011 when the first neighborhood opened in Tucson. Construction is currently underway in Goodyear at Avilla Palm Valley where 125 homes are expected to be available for lease this spring.  Additional development in Arizona is scheduled throughout 2015 with four new neighborhoods planned in Chandler, Gilbert and Queen Creek. The company is also actively developing in other Sunbelt cities such as the Dallas suburbs of Plano and McKinney.

“It’s rewarding to see that our projects, including the Avilla Grace neighborhood, are highly anticipated, and even more so knowing that there is potential to bring a real vibrancy to an area previously considered undesirable.  Avilla Grace not only provides consumers with a worry-free lifestyle that allows them to enjoy the luxuries of home ownership without the burdens, but also enhances quality of life with close proximity to employment, entertainment and shopping districts,” said Josh Hartmann, Executive Vice President, NexMetro. 

BILL SOWDERS

William S. Sowders joins Gust Rosenfeld

Gust Rosenfeld, PLC announced that William S. Sowders joined the firm on March 2, 2015.  Sowders’ practice is concentrated on litigation, specifically in the areas of products liability, medical malpractice and healthcare, transportation, and accident and personal injury.

“Bill is a highly respected lawyer who brings a wealth of experience in litigation, in particular in the insurance defense field,” said Richard B. Hood, partner and member of the Executive Committee. “He is widely published and well known in the legal and the civic communities.  We look forward to having him join us at Gust Rosenfeld.” 

William Sowders received his J.D. from The Catholic University of America, Columbus School of Law and completed his B.S. degree at Northern Arizona University.  In 2012 and 2013, Sowders was honored as one of Super Lawyers® Rising Stars. He has published in several professional journals, and conducted a webinar on “Medical Records Review and Analysis.”  Sowders is a member of the State Bar of Arizona, the State Bar of California, and the Maricopa County Bar Association. 

“I am very excited to join Gust Rosenfeld. The firm has fantastic attorneys across the board.  I’m looking forward to bringing my trial experience to an already strong litigation group and making our team evening stronger,” said Sowders.

Gust Rosenfeld is a full service law firm established in 1921 with offices in Phoenix, Tucson and Wickenburg. The firm is known for the quality of its lawyers and legal advice as well as its creative insights and practical solutions in business, public and civil law.  Gust Rosenfeld is experienced in alternative dispute resolution, bankruptcy and creditors’ rights, business and corporate law, commercial finance, education law, environmental law, franchises and franchising, insurance, intellectual property, labor and employment, litigation, natural resources, public finance, public law, real estate, taxation, and trusts and estates.

MG Properties buys Trillium Papago Apartments for $36M

 MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of the Trillium Papago Apartments in Phoenix, Arizona.

The property consists of 270 luxury apartments built in 2007. The property features an exceptional array of common area amenities, including a resort-style pool and spa, modern fitness center, movie theater, and pool room.

The property is located north-east of Phoenix Sky-Harbor Airport, providing convenient access to multiple job corridors within the region. MGPG plans to rebrand the property as Ascent at Papago Park. Units include nine-foot ceilings, full-sized washers and dryers, and a mix of 1, 2, and 3-bedroom floor plans. 

Trillium Papago was purchased for $36,220,000 from Trillium Residential. The acquisition was financed with a 10-year fixed-rate mortgage from Fannie Mae, arranged by CBRE. 

According to Mark Gleiberman, MG Properties Group Chief Executive Officer, “This acquisition reflects our continued belief in the long term growth potential of the Phoenix market. The property’s excellent design and central location position it well to benefit from further growth in the region.”

Trillium Papago marks MG Properties Group’s fourth acquisition in the past six months.  The four acquisitions totaled approximately 700 units and $125,000,000 in combined purchase price. The company is targeting further acquisitions in Arizona, California, Colorado, Nevada, Oregon, and Washington. 

Top 5 Arizona Music Festivals (Spring-Summer 2012)

Viva PHX music festival features 20 venues

Viva PHX, a music festival going for its second round on March 14, will host more than 90 bands in 20 different venues in the downtown Phoenix area.

“The music is the No. 1 thing,” said Charlie Levy, creator of Viva PHX. “No. 2 is the experience.  If any of these bands don’t mean anything to you, you’re going to have a crazy great time.”

Usual music festivals have two stages and if you don’t know who is playing, then you don’t enjoy yourself, Levy said. But at Viva PHX, there are 20 venues playing at the same time.

“I want people to walk by a venue and poke their head in it and hopefully see the best show they’ve seen all year,” he said.

Three blocks of Monroe Street will be closed off for a giant block party with food trucks, vendors, artists and a Lucha Libre wresting stage in the dead center of it.

It’s a lot of small venues, but intimate ones like Grace Chapel, Phoenix Masonic Temple and the basement of the Orpheum Theatre, Levy said,  which most of Phoenix probably doesn’t know exists.

“That’s why we want to keep it around 8,000 like last year, to keep it crowded but not overwhelming,” he said.

Levy said he can’t wait for people to enter Grace Chapel, part of that burned-down 100-year-old abbey on Monroe Street and seeing flamenco. “That’s fun for me,” he said.

Wild Ones (a band Levy raved about), Best Coast, Coolio, Jim Adkins of Jimmy Eat World and Arizona locals are the type of artists being featured this year. Levy said he also brought in bands from Mexico and Tucson to recreate those world music venues at South by Southwest.

“We kind of went for really great artists and not necessarily for flavor of the day,” Levy said, comparing Viva PHX to Pot of Gold and other music festivals in the Phoenix area at the same time.

A Spotify playlist is on the site to share music from the artists performing at Viva PHX and for the audience to discover them.  “You don’t have to be the biggest music nerd to enjoy this festival,” Levy said.

Viva PHX was planned in three months last year, but more time did not make it easier because it had to be better, Levy said. “As long as the people keep wanting it, it’ll keep happening,” he said.

law

Gordon & Rees names Leon Silver co-managing partner

Leon SilverOne of the fastest-growing law firms in the country, Gordon & Rees continues its expansion in the Phoenix market. To lead that expansion, the firm announced that Leon Silver has been named co-managing partner of its Phoenix office.

“We are looking forward to benefiting from Mr. Silver’s great enthusiasm and deep roots in the region as the Phoenix office continues to grow and thrive,” said Dion Cominos, Gordon & Rees firmwide managing partner. “2015 is going to be a very exciting year for the Gordon & Rees team in Phoenix.”

Silver joined the firm as a partner in November. He is a member of the firm’s Commercial Litigation, Retail & Hospitality and Privacy & Data Security Practice Groups.

Silver specializes in handling complicated business and real estate trials and arbitrations as well as finance and accounting disputes. He represents national and multinational retailers, restaurants, hotels, management companies, real estate investors and developers as well as many small businesses and entrepreneurs. He also assists clients with the implementation of data governance plans and protecting against and dealing with data breach incidents.  He has spoken and written on the subject in national and international presentations and publications.

“I am really excited by what the firm has planned for Phoenix and nationwide,” said Silver. “It’s a pleasure to be able to play a leadership role in our growth.”

Silver is rated AV Preeminent by Martindale-Hubbell and has received numerous community and professional honors.  He has been listed in Southwest Super Lawyers for commercial litigation since 2008. He was included on Ranking Arizona’s 2013 list of the top 10 commercial litigators in the state and on AZRE’s 2011 list of the top 10 people to know for commercial real estate. He is a fellow of Litigation Counsel of America and Sustaining Member of Arizona’s Finest Lawyers.

Silver serves as Co-Chair of the Cyber Security SLG (“Specialty Litigation Group”), of DRI’s Commercial Litigation Committee and the Co-Chair of the Commercial Litigation SLG of DRI’s Retail and Hospitality Committee.

He earned his B.A. from St. Lawrence University and his J.D. from Arizona State University-Sandra Day O’Connor College of Law.

Blue Hound

Baseball fans score big at Hotel Palomar through March

Baseball season is rounding the corner as Spring Training has officially kicked off in Arizona with the Cactus League playing at 10 stadiums across the Valley. Fans from all over the country are taking over the Valley of the Sun to cheer on their favorite team.

Kimpton’s Hotel Palomar Phoenix, is a top choice for fans looking for centrally located lodging to all of the ballparks to experience Spring Training at its best. Fans can watch all of their favorite teams, and while staying downtown, enjoy the dining and nightlife at CityScape Phoenix, as well as many other entertainment, sporting and cultural options within walking distance of the hotel.

Hotel Palomar Phoenix is offering fans the Rounding 2nd Second Base Package, which includes beautifully appointed deluxe accommodations, two specialty cocktails, $15 off transportation to get to or from the games, complimentary morning coffee and tea service in the living room, a hosted evening wine reception in the living room from 5pm until 6pm daily, complimentary access to EOS Fitness and for Kimpton Karma Rewards members, free wireless internet access. Rates from $269 (code RTWOB) and the package is valid through March 31 (877-488-1908, www.hotelpalomar-phoenix.com).

Considered among the best places in the Valley for craft cocktails, Blue Hound Kitchen & Cocktails’ head bartender, Stephanie Teslar, has created three specialty cocktails for Cubs, Royals and Angels fans. The Horsefeather (rye whiskey, lemon juice, angostura bitters, ginger beer) is a Kansas City favorite, Bobb Chinn Mai Tai (Jamaican rum, orange/pineapple juice, lime juice, grenadine) is the only cocktail available at Wrigley field and served in a backpack, and a Shot and a Beer (Angel’s Envy Bourbon, Anaheim 1888 Lager) is a simple staple in Anaheim.

Hotel Palomar Phoenix is contemporary, connected and cosmopolitan, yet comfortable and welcoming all at once. A boutique hotel, Hotel Palomar Phoenix is ideally located at CityScape Phoenix, downtown Phoenix’s dining, entertainment and shopping hub, with dozens of impressive options all walking distance from the hotel’s front door. Guests are also just steps away from US Airways Center, Chase Field, the Phoenix Convention Center, the Phoenix Symphony, Arizona Science Center and more amazing restaurants than you’ll have time to indulge in.

Inside the hotel is the masterfully designed space that begins in the elegant mid-century modern lobby and extends all the way to the hotel’s 242 guest rooms, 16 of which are suites. Guests find everything they need at the hotel beginning with LUSTRE Rooftop Garden, perched on the hotel’s third floor pool deck, which is an oasis in the heart of the city with sweeping views of the stunning skyline. The spacious guest rooms, some of the largest in downtown Phoenix, have modern interior touches and views of the surrounding city and mountains. Among the many guest amenities are complimentary bikes for rental to cruise around downtown along with a custom pocket map that serves as an insider’s guide to the best of the city.  

To learn more about Kimpton’s Hotel Palomar Phoenix at CityScape, visit www.hotelpalomar-phoenix.com.

oyster-bar-925x522

Little Cleo’s unveils ‘Happy Hour for the Absinthe Minded’

Little Cleo’s is unveiling a happy hour experience featuring specials on fresh, seasonal catches, cocktails and more. Here are the details:

Who: Seafood seekers, absinthe drinkers, cocktail lovers, champagne sippers, and happy hour goers looking for a unique experience.

What: Feeling a little absent minded by the end of the day? Then the new “Happy Hour for the Absinthe Minded” at Little Cleo’s, located at The Yard in Phoenix, will speak to you.

Launching on Thursday, March 5th (did we mention that’s National Absinthe Day?), guests can cheers to the day’s end with a few shellfish staples, house champagne, absinthe, and absinthe cocktails such as Hemingway’s infamous Death in The Afternoon that mixes absinthe, dry sparkling wine, and simple syrup for the perfect way to kill an afternoon.  

Unique incentives available at “Happy Hour for the Absinthe Minded” include:

• $1 Oysters

• $1 Shrimp

• $2 Champagne Pours

• ½ off all Absinthe

• ½ off all  Absinthe Cocktails

For more information about Little Cleo’s at The Yard Phoenix or to view the complete menu, visit www.LittleCleos.com .

When: Available Monday through Saturday from 4 p.m.-5 p.m

Where: Little Cleo’s—The Yard, Phoenix, 5632 N. 7th Street, Phoenix, AZ 85014

Phone: 602.680.4044

Valley Metro Light Rail, Phoenix, Ariz.

Phoenix City Council approves 35-year streets, transit plan

A comprehensive plan to modernize Phoenix’s streets and public transit system over the next 35 years was approved Tuesday by the City Council.

Besides tripling the number of light rail miles by 2050, the transportation plan calls for significant expansion of bus service and upgrades to the city’s aging streets.

An additional three-tenths of one cent (30 cents per $100) sales tax would pay for the plan, which equals less than one additional cent on a $3 cup of coffee, about three cents more on an $10 lunch and about $60 more on a $20,000 car.

The Council approved the plan by a 6 to 3 vote, and city voters are expected to consider the measure on the August ballot.

“Great cities need great transportation and an evolving Phoenix needs to adapt with the times,” Mayor Greg Stanton said. “A robust public transit system and well-maintained roads are vital to building and growing our economy for the future.”

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ACG names finalists for ‘Deal of the Year’

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 deal/transaction in the Arizona marketplace involving established businesses with between $10 million and $750 million of revenue that closed in calendar year 2014.

The three finalists for the award are:

• Vonage’s purchase of Scottsdale-based Telesphere Networks in a $114 million transaction. 

• Merz Pharma’s purchase of Mesa-based Ulthera, Inc. in a $600 million transaction. 

• Evergreen Pacific Partners’ purchase of Phoenix-based Vantage Mobility in a transaction valued between $50 million and $100 million (exact amount not disclosed for confidentiality reasons).

The Deal of the Year Award will be given out on March 10 at a dinner at the Arizona Biltmore. The ACG signature event begins with a networking session at 5 p.m. and culminates with the award presentation starting at 6:45 p.m.

“The three transactions nominated for Deal of the Year are ones that helped drive Arizona’s economy in 2014,” said Sanat Patel, Board President for ACG-Arizona. “These transactions have a profound effect on our economy, and this award is a recognition of the individuals and companies that were involved in helping move our state and our region forward.”

 

The award criteria are:

·       Deal-making that either created or demonstrates a real potential for substantial return on investment

·       Deal-making that evidences the unlocking of value and/or contribution to the strategic development of the business

·       Deal-making that produces a wider business impact, such as the development of new markets, products, services and/or technologies and the creation or retention of quality employment opportunities in Arizona

·       Deal-making that reflects a high level of professional expertise in the design of the transaction and tested creativity and deal-making skills in completing the transaction

·       At least one company involved in the transaction must be headquartered or have a majority of its operations in Arizona

Tickets for the March 10 event are available for $135 for ACG members and $155 for ACG non-members if purchased by midnight on March 3, and $155 for members and $175 for non-members after the 3rd. They may be purchased by visiting www.acg.org/arizona or calling 602-448-3981 or e-mailing acgarizona@acg.org

Founded in 1954, the Association for Corporate Growth (ACG) is a global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions. Today ACG stands at more than 14,000 members from corporations, private equity, finance, and professional service firms representing Fortune 500, Fortune 1000, FTSE 100, and mid-market companies in 56 chapters in North America, Europe, and Asia. The Arizona chapter of ACG includes representatives from corporate investment and private equity groups, financiers, venture capitalists and supporting consultant services. For more information, visit www.acg.org/arizona

Feeney_Matt

Snell & Wilmer’s Matthew Feeney takes over as chairman

Snell & Wilmer announced that Matthew P. Feeney, a partner in the Phoenix office, has assumed the firm’s chairmanship. As announced in a press release on October 21, 2014, Feeney takes over for John J. Bouma, who steps down from the position after leading the firm for more than 30 years. Bouma remains active in his practice and continues to serve on the firm’s executive and compensation committees.

“I am deeply honored to assume the chairmanship of Snell & Wilmer,” said Feeney. “During my 32 years with the firm, I have had the unique opportunity to work with wonderful clients and colleagues, as well as with community and business leaders. I am particularly grateful for John’s mentorship and friendship during this transition period and look forward to being his partner for many years to come. I am committed to working with my Snell & Wilmer colleagues as we plan for a very successful future, guided by our foundational values of service to our clients, to our communities, and to each other.”

At Snell & Wilmer, Feeney’s practice is concentrated in the areas of mergers and acquisitions, securities offerings, SEC reporting and compliance, and corporate governance matters, including advising corporate boards and board committees. He earned his Bachelor of Arts degree, magna cum laude, from the University of Notre Dame and his law degree, magna cum laude, from Notre Dame Law School.

Throughout the course of his career, Feeney has been recognized for professional and community service excellence. Among his many professional awards, Feeney has consistently been recognized by The Best Lawyers in America© (including Lawyer of the Year, Securities Law/Capital Markets Law (2015), Lawyer of the Year, Corporate Governance Law (2013) and Lawyer of the Year, Mergers & Acquisitions Law (2012)); Chambers USA: America’s Leading Lawyers for Business; and Southwest Super Lawyers®.

Feeney has also been involved in numerous civic and charitable organizations. In addition to helping develop a formal pro bono policy for Snell & Wilmer in the late 1980s under which attorneys receive billable hour credit for legal services to the poor, Feeney is a founding board member and former chair of St. Joseph the Worker, an organization that provides job development services to assist homeless, low-income and other disadvantaged individuals. He also served as a board member and president of the Arizona Foundation for Legal Services & Education, which was created by the State Bar of Arizona to promote access to justice for all Arizonans. Feeney was also honored in 2014 by the American Jewish Committee with the Judge Learned Hand Community Service Award. He was recognized for demonstrating sustained contributions to the advancement of equality and democratic principles.  Feeney also serves on the Board of Directors of the Greater Phoenix Chamber of Commerce and the Board of Directors of the Musical Instrument Museum, the world’s only global musical instrument museum.

Mobile-Mini-Ribbon-Cutting

Mobile Mini opens new headquarters in Phoenix

Mobile Mini, Inc., the world’s leading provider of portable storage solutions, joined Phoenix Mayor Greg Stanton and Phoenix City Councilwoman Kate Gallego today in a ribbon-cutting ceremony marking the opening of the company’s new headquarters and national sales center. Mayor Stanton and Councilwoman Gallego were joined by Mobile Mini President & CEO Erik Olsson at the ceremony and for a tour of the new offices.

Mobile Mini moved into a 55,000-square-foot office at 4646 E. Van Buren St. in Phoenix. The new headquarters consolidates Mobile Mini’s corporate and sales facilities and will be home to over 300 employees including the executive team, national sales center, customer support, finance, and accounting. In the centralized Phoenix location, Mobile Mini employees enjoy proximity to the Metro Light Rail system and Sky Harbor International Airport.

Mobile Mini is one of the Valley’s top companies with reported total revenue of $445 million in 2014 and demonstrates the economic success of Arizona. Founded in 1983 in Phoenix, the company serves customers throughout North America and the United Kingdom from 160 locations.

Mobile Mini rents portable storage and office containers and specialty containment products such as tanks, pumps, and filtration systems. The company product line is used across industries including construction, retail, energy, utilities, mining, government, and education. Customers can choose from a total rental fleet of over 200,000 units, including containers featuring its patented Tri-Cam Locking SystemTM.

 “The Valley is our home. We’re thrilled to have the opportunity to grow our presence in a place that understands the importance of being business friendly and a city that welcomes home-grown companies with open arms,” said Mobile Mini President & CEO Erik Olsson. “The success we’ve experienced can be attributed to the terrific talent pool that the Valley has offered us. We expect that this great new office space will be our home for a long time and allow us to continue our growth as the world’s leader in secure storage solutions.”

“Mobile Mini’s storage solutions have helped thousands of businesses and families across Arizona, North America, and the U.K.,” Mayor Greg Stanton said. “The company has helped create jobs and expand our local economy. The cost of living and doing business in Phoenix is lower than in many other major metropolitan areas in the country, and we’re happy that Mobile Mini has cast a vote of confidence in our city. Its decision to stay in Arizona means retaining and creating hundreds of jobs in the Valley.”

“Anytime a business opens shop in this district, it’s great news,” said District 8 Councilwoman Gallego, in whose district the company will be headquartered. “But with Mobile Mini, we not only gain a locally-grown company with international reach, we also gain an outstanding member of the community that cares about its home and people in all of the Valley of the Sun. Under Erik’s leadership, Mobile Mini is taking on a more critical role in giving back to the place it calls home.”

housing.prices

Phoenix-area housing market sees uptick

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 coincidentally when we started to see this rise in demand,” says Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business at Arizona State University.

Orr looked at statistics from the Arizona Regional Multiple Listing Service (ARMLS) for his W. P. Carey School of Business analysis. In 2014, the Phoenix-area housing market had relatively low demand, and sales activity even dropped 14 percent. However, the new ARMLS numbers show this year has already brought in more than the usual seasonal uptrend in almost every price range.

These numbers are for non-distressed homes under contract in Maricopa and Pinal Counties, on a typical day in late February 2015 versus the same day in 2014:

  • Under $150,000 – Up 7 percent
  • $150,000 to $250,000 – Up 35 percent
  • $250,000 to $400,000 – Up 38 percent
  • $400,000 to $600,000 – Up 33 percent
  • $600,000 to $1.5 million – Up 12 percent
  • More than $1.5 million – Down 10 percent

Overall, non-distressed listings under contract are up 26 percent. Orr says luxury homes aren’t seeing as much impact from recent changes in market conditions, but entry-level and mid-range homes are attracting far more buyer interest.

“The reasons for these increases include: 1.) that lenders have started to relax their previously tight loan-underwriting guidelines and 2.) that more people who went through foreclosure or short sale are now able to return to homeownership,” explains Orr. “These changes largely affect the lower and middle ranges of the market.”

Orr calculates that, in 2014, the median single-family-home price in the Phoenix area went up 5.4 percent. He now expects 2015 to be a much better year for home sellers, if the new trend continues. However, he does have one note of caution.

“The Phoenix area was already dealing with a relatively low supply of available homes for sale before this uptick,” says Orr. “If the higher-demand trend continues for several months, then that tight supply could become a bigger issue.”

Orr’s next regularly-scheduled monthly housing report will be out in mid-March. Meantime, those wanting more Valley housing data can subscribe to Orr’s monthly reports at www.wpcarey.asu.edu/realtyreports. The premium site includes statistics, charts, graphs and the ability to focus in on specific aspects of the market. More analysis is also available at the W. P. Carey School of Business “Research and Ideas” website at http://research.wpcarey.asu.edu.