recession Archives

Arizona economy rising, report shows


Phoenix and the broader Arizona economy are expanding again after an extremely difficult recession, although growth will be more modest than the boom times of a decade ago, according to a report released today by BMO Economics. The labor market is a bright spot, with the city remaining consistent in its job growth performance.  “The… Read More →

68-Unit Apartment Community in Mesa Sells for $4M

by in Brokerage | Business News

    Cassidy Turley completed the sale of Country Club Greens, a 68-unit apartment community on 2.4 acres at 350 W. 13th Place in Mesa for $4M. The buyer was Clear Sky Capital CCG L.P. of  Phoenix and the seller was California Bank & Trust. Executive Vice Presidents David Fogler and Steven Nicoluzakis with Cassidy… Read More →

Surviving Tough Times: How Linthicum Weathered the Recession


The impact of the recession on the luxury custom home and high-end commercial construction markets has been significant. While there has been a recent recovery, it has done little to improve conditions and as a result, our markets remain soft. As a builder in this market niche, the past few years have presented unprecedented challenges.… Read More →

ASU Experts: Economy Rebounds, But Is Still Years From Full Recovery

recovery sign

Despite positive growth, full economic recovery is still two years away for the nation and at least three years away for Arizona. That message was delivered today by top economists from the W. P. Carey School of Business at Arizona State University. The experts spoke at the annual Economic Outlook Luncheon sponsored by the Economic… Read More →

Economic Forecast: Arizona, U.S. to Show Improvement in 2012

Economic Forecast
by in Economy

Improvement in both the Arizona and U.S. economies can be expected next year, but full recovery is still a few years away. That’s according to experts who spoke Wednesday at the 48th Annual Economic Forecast Luncheon, co-sponsored by ASU’s W.P. Carey School of Business and JPMorgan Chase.  More than 1,000 people packed into the Phoenix Convention… Read More →

Positive Signs Bolster Tucson Office Market, Retail And Industrial Sectors

Tucson Office Market, Industrial and Retail Sectors
by in Business News

Positive signs bolster Tucson office market, as well as the area’s retail and industrial sectors CBRE has released its third quarter 2011 market analysis of the Tucson area office, industrial and retail sectors. Report highlights include: Office •    The Tucson office market reported a stronger third quarter, with 71,209 square feet of positive absorption. This… Read More →

Scottsdale-Based Software Company Is Growing With Fortune 500 Customers

Informative Graphics Corporation, Scottsdale, Ariz., Software Company
by in Finance | Small Biz | Tech

While other business owners floundered during the recession, Scottsdale software company Informative Graphics Corporation (IGC) maintained firm footing. Now, as the economy is cautiously reinventing itself, IGC has hired seven new employees and has four positions waiting to be filled.  For a company with 80 employees, that’s nearly a 10 percent increase in size in… Read More →

Learn To Avoid Investment Mistakes

Investing wisely

Avoiding big mistakes can have a significant impact on a long-term investment. This impact may be more significant than the performance of a specific fund, stock, bond, or alternative investment. More often, big mistakes occur when investors begin making decisions based on emotions such as fear and greed, rather than using logic and objectivity when… Read More →

GPEC’s President And CEO, Barry Broome Talks About Getting The Valley’s Economy Back On Track

Barry Broome, GPEC president and CEO - AZ Business Magazine Jan/Feb 2011

Give us a look ahead at Greater Phoenix’s major industries. The emergence of solar and renewable energy has been, and will continue to be, a big opportunity for us. We need to learn, as a market, how to be involved in new technology initiatives. There are going to be wins, losses and volatility, but the… Read More →

Q&A Steve Chucri, President and CEO Arizona Restaurant Association

Steve Chucri, president and CEO Arizona Restaurant Association - AZ Business Magazine Jan/Feb 2011
by in AZ Business Magazine | Economy

-In 2002, Steve Chucri was lobbying at the state level when the Arizona Restaurant Association president and CEO position was presented to him. Chucri now uses his political and lobbyist backgrounds to help Arizona’s restaurant industry navigate today’s tough issues. An executive committee board member with the Arizona Tourism Alliance, Chucri discusses strategies to create… Read More →

Employee Discontent Experiences Sharp Rise, Study Finds

Employee Discontent Experiences Sharp Rise
by in Economy | Workforce

Workers are poised for a mass exodus next year, according to a poll of more than 1,400 workers in North America by Right Management. Employees are feeling increasingly restless and intend to leave in droves if opportunities open up in the job market. Eighty-four percent of the employees polled say they plan to look for… Read More →

i/o Data Centers Keeps Companies Nationwide Up And Running

i/o Data Centers
by in Featured | Tech | Workforce

Despite an ongoing recessionary climate, Phoenix-based i/o Data Centers just keeps on growing and doesn’t plan on stopping. In the last year i/o doubled its number of employees and is looking to expand its Phoenix location. In Oct., i/o announced it closed $200 million in financing for the company’s expansions. In addition to its Phoenix… Read More →

Is the City of Phoenix Being Mismanaged?

Downtown Phoenix Skyline
by in Columnist Spotlight | Economy | Politics

These are tough times! Given the rotten economy it isn’t hard to be a pessimist about everything, and government seems to top the list. The November elections saw Congress shift to the Republicans, and yet America as a whole still seems to lack confidence that they are going to make things much better. A recent… Read More →

Age Of The Un-COLA: The Cost Of Living Myth

Just 11 percent of employers award cost-of-living adjustments (COLAs) to employees

Just 11 percent of employers award cost-of-living adjustments (COLAs) to employees, preferring to award promotional and merit increases, according to a WorldatWork study on compensation practices. COLA refers to an across-the-board wage and salary increase designed to bring pay in line with increases in the cost of living to maintain real purchasing power. Cost of living… Read More →