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 […]
VIDEO: Downtown Phoenix Inc., City of Phoenix Launch Promotional Campaign as Super Bowl LVII Fans Arrive
Downtown Phoenix Inc. (DPI) joined forces with local agency Kitchen Sink Creative (KSC) to help launch a promotional campaign for Downtown Phoenix ahead of Super Bowl LVII. The campaign, titled “Phoenix is Soaring,” features an innovative video titled “As The Phoenix Flies” and a brochure that tout the growth that has taken place in the […]
Super Bowl, Super Fans: New Report Unpacks the Anatomy of a Fan and the Value for Brands at Major Sporting Events
Research from Stagwell‘s National Research Group (NRG), a global insights leader at the intersection of technology, content, and culture, proves the value for brand activation at major sporting events like the Super Bowl in its newest whitepaper, “Building Brand Fandom at the Super Bowl.” In the report, NRG outlines “the anatomy of a fan” by analyzing […]
Mat Ishbia Assumes Controlling Ownership in the Phoenix Suns and Phoenix Mercury
Following NBA Board of Governors approval, Mat Ishbia has completed the acquisition of the controlling ownership interest in the Phoenix Suns (NBA) and Phoenix Mercury (WNBA) franchises, the operating entity for Footprint Center and affiliated entities. With the transaction, Mat becomes Governor of the Suns and Mercury while Justin Ishbia, CEO and Founder of Shore Capital […]
Phoenix Children’s Announces Expansion at Thomas Campus
Phoenix Children’s, one of the nation’s fastest-growing pediatric health systems, announced a series of expansion projects at Phoenix Children’s Hospital – Thomas Campus totaling 212,000 square feet to increase the amount of clinical space, inpatient beds and clinical exam rooms. The campus-wide expansion is part of the health system’s long-range plans to meet the healthcare […]
Phoenix Children’s and Cigna Reach Tentative Agreement
Phoenix Children’s and Cigna announced the two organizations reached a tentative agreement as contract discussions continue. While the contract is being finalized, Phoenix Children’s remains an in-network provider for families with Cigna employer-sponsored health coverage. “Phoenix Children’s is steadfast in our commitment to provide the highest quality healthcare to our growing community,” said Robert L. […]
Small Business Job Openings Back Up in January, Says Report
According to NFIB’s monthly jobs report, 57% of owners reported hiring or trying to hire in January, up two points. Of those hiring or trying to hire, 91% of owners reported few or no qualified applicants for the positions they were trying to fill. Twenty-seven percent of owners reported few qualified applicants for their open […]
U.S. Employers Added 517,000 Jobs in January, Dropping the Jobless Rate to Its Lowest Level since 1969
Total nonfarm payroll employment rose by 517,000 in January, and the unemployment rate changed little at 3.4 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread, led by gains in leisure and hospitality, professional and business services, and health care. Employment also increased in government, partially reflecting the return of workers […]
Hyatt to Rebrand Hyatt Regency Scottsdale at Gainey Ranch
Hyatt Hotels Corporation announced the planned rebranding of Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch to Grand Hyatt Scottsdale Resort & Spa in late 2024, which will mark the first Grand Hyatt hotel in Arizona. The hotel’s ownership group, Xenia Hotels and Resorts, plans to invest approximately $110 million to fully transform the […]
Arizona Golf Industry Creates $6B Economic Impact while Using Only 2% of the State’s Water to Serve 16.6 Million Rounds
A study released today estimated Arizona’s golf industry produced $6 billion in economic activity while using only 2% of daily statewide water to serve 16.6 million golf rounds in 2021. This economic output supported nearly 66,200 jobs, provided $2.3 billion in wages and generated $518 million in state and local tax revenues. “The positive impact […]