Arizona universities join lawsuit filed over US policy change for international students
1 HR AGO - Arizona State University, Northern Arizona University and the University of Arizona have joined 13 Expand
1 HR AGO - Arizona State University, Northern Arizona University and the University of Arizona have joined 13 other universities in filing a lawsuit against Immigration and Customs Enforcement over a policy change it announced this month that would require international students to take in-person classes during the coming semester.
The change could mean huge amounts of lost revenue for the universities paid by in-person international students.
On July 6, ICE announced a change to the Student and Exchange… Collapse
Mesa Air signs cargo contract with DHL Express
4 HRS AGO - Phoenix-based Mesa Air Group is expanding its business and finding a new revenue stream by Expand
4 HRS AGO - Phoenix-based Mesa Air Group is expanding its business and finding a new revenue stream by providing air cargo service for DHL Express. Collapse
Motor Mondays: Alfa Romeo's spiffed-up 2020 Stelvio spurs reflections on WWII battle
8 HRS AGO - As our reviewer gets behind the wheel of the Alfa Romeo Stelvio, the car's connection to history Expand
8 HRS AGO - As our reviewer gets behind the wheel of the Alfa Romeo Stelvio, the car's connection to history puts her in a reflective mood. Collapse
Wells Fargo layoffs could be in tens of thousands, report says
11 HRS AGO - Layoffs at Wells Fargo & Co. (NYSE: WFC) could be in the tens of thousands, according to a Expand
11 HRS AGO - Layoffs at Wells Fargo & Co. (NYSE: WFC) could be in the tens of thousands, according to a Bloomberg Law report, citing people familiar with the matter.
Job cuts will start this year, as Wells Fargo executives are under increasing pressure to cut costs. The San Francisco-based bank employs about 263,000 people nationwide. Wells Fargo is the second-largest bank operating in the Valley, with $21.3 billion in local deposits and a 19.7% market share, according to Business Journal research.
A spokesperson… Collapse
How $5 million PPP funds is helping a Phoenix nonprofit save lives
1 DAY AGO - As the Covid-19 pandemic continues to wreak havoc on those suffering from mental illness and drug Expand
1 DAY AGO - As the Covid-19 pandemic continues to wreak havoc on those suffering from mental illness and drug addiction, one Phoenix nonprofit received $5 million in Paycheck Protection Program funding to help save lives. Collapse
Groups challenge proposed ballot measures in court
2 DAYS AGO - Business groups are trying to keep Arizonans from voting on proposals to hike taxes on the most Expand
2 DAYS AGO - Business groups are trying to keep Arizonans from voting on proposals to hike taxes on the most wealthy and give hospital workers a pay hike. Collapse
Phoenix mayor: Abrazo Health, Maricopa County morgues seeking backup
3 DAYS AGO - The mayor of Phoenix says an Abrazo health location may be getting refrigerated trucks because its Expand
3 DAYS AGO - The mayor of Phoenix says an Abrazo health location may be getting refrigerated trucks because its morgue is at capacity, according to an ABC15 report.
In addition, the Maricopa County Medical Examiner’s office is near capacity as Arizona continues to cope with a surge of Covid-19 cases, hospitalizations and deaths.
On Friday, the Arizona Department of Health Services reported the state’s coronavirus case count at 116,892, with 2,082 deaths. That included 4,221 new cases on Friday and 44… Collapse
The week in Valley bankruptcies: Win Big Development, Artisan Builders and 2 more
3 DAYS AGO - Phoenix area bankruptcy courts recorded four business filings - including four with total debts Expand
3 DAYS AGO - Phoenix area bankruptcy courts recorded four business filings - including four with total debts above $1 million - during the week that ended July 3, 2020. Year to date through July 3, the court recorded 45 Chapter 7 or Chapter 11 business bankruptcy filings, a 6% decrease from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure its creditor… Collapse
Valley high-end homes listings make rapid comeback after tepid spring
3 DAYS AGO - In a sharp reversal from this spring, new listings of the most expensive homes surged in June, Expand
3 DAYS AGO - In a sharp reversal from this spring, new listings of the most expensive homes surged in June, while new listings of the most affordable homes remain depressed nationwide. Here's what luxury home Realtors are saying about prices and trends in Scottsdale and Paradise Valley. Collapse
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Office in ASU's Novus project completes construction
3 HRS AGO - The office is in the Novus Innovation Corridor's third phase. Other phases have included the Expand
3 HRS AGO - The office is in the Novus Innovation Corridor's third phase. Other phases have included the Marina Heights office development and the Sun Devil Stadium renovation. Collapse
Phoenix company buys Florida retail building for $12M
5 HRS AGO - The property was flipped for a profit in less than six months.
Phoenix fast food restaurant franchisees pick up millions in PPP dollars
9 HRS AGO - While Arizona restaurant companies collectively received millions of dollars in Paycheck Expand
9 HRS AGO - While Arizona restaurant companies collectively received millions of dollars in Paycheck Protection Program loan funding, the owners of fast food franchises picked up some of the largest checks. Here are some of the biggest PPP recipients. Collapse
Valley CRE lending bouncing back for some product types, expert says
16 HRS AGO - Construction loans and loans used to convert hospitality buildings to residential are picking up Expand
16 HRS AGO - Construction loans and loans used to convert hospitality buildings to residential are picking up steam even during the pandemic, but others are drying up, according to a Phoenix finance professional. Collapse
$22 million loan secured to acquire Phoenix food storage facility
1 DAY AGO - The Covid-19 pandemic is accelerating the need for more food storage space.
Charter school invests $4.5M to build new north Scottsdale campus
2 DAYS AGO - A popular Valley charter school with a huge wait list is opening a north Scottsdale campus. School Expand
2 DAYS AGO - A popular Valley charter school with a huge wait list is opening a north Scottsdale campus. School officials also spoke to the Business Journal about plans to have the new campus ready for fall classes. Collapse
Phoenix, Local First Arizona announce initiative to deliver food to families in need
3 DAYS AGO - The city of Phoenix has called upon Local First Arizona, a nonprofit organization that promotes Expand
3 DAYS AGO - The city of Phoenix has called upon Local First Arizona, a nonprofit organization that promotes small business, to organize a push to provide healthy, sustainable meals to people in need during the pandemic.
The new program, called the Feed Phoenix Initiative, will give local food producers and meal preparers an opportunity to earn money by providing food to families impacted by Covid-19 and resulting hardships.
Participating businesses will be reimbursed for each lunch meal they make, and they’re… Collapse
About 14% of Southwest Airlines employees opt for long-term leave, permanent separation
3 DAYS AGO - Phoenix's largest airline has called its two voluntary leave options "the most generous buyout Expand
3 DAYS AGO - Phoenix's largest airline has called its two voluntary leave options "the most generous buyout package in our history." Collapse
Office tenants struggle to build a bridge to somewhere
3 DAYS AGO - Economic uncertainty and shifts to a remote workforce have businesses and landlords pondering Expand
3 DAYS AGO - Economic uncertainty and shifts to a remote workforce have businesses and landlords pondering short-term fixes to their office leasing arrangement and new safety protocols ahead of longer-term, more substantial changes to come. Collapse
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Fitness company pleads case to remain open to federal judge
4 HRS AGO - A company that franchises out fitness studios wants a federal judge to rule that there are limits Expand
4 HRS AGO - A company that franchises out fitness studios wants a federal judge to rule that there are limits on the unilateral authority of the governor to close them down, even during an emergency. Alex Weingarten who represents Xponential Fitness told Judge Diane Humetewa on Monday in U.S. District Court in Phoenix, he does not doubt that ... Collapse
Valley developer scoops up land for fifth multifamily project in NC city
5 HRS AGO - The Arizona developer will continue growing its North Carolina development pipeline with a fifth Expand
5 HRS AGO - The Arizona developer will continue growing its North Carolina development pipeline with a fifth apartment project, this time in north Charlotte. Collapse
Valley commercial real estate execs' outlook improved in June, studies show
10 HRS AGO - Though the Phoenix market saw a substantial increase in the amount of sublease space available Expand
10 HRS AGO - Though the Phoenix market saw a substantial increase in the amount of sublease space available during the second quarter, the region still saw overall commercial space rent increases. The largest new lease during Q2 was in the Sky Harbor submarket. Collapse
As Ducey drops in poll, Arizona mayors urge governor to impose more statewide restrictions
1 DAY AGO - Since his July 9 decision to impose new restaurant restrictions to try to curb the steep increase Expand
1 DAY AGO - Since his July 9 decision to impose new restaurant restrictions to try to curb the steep increase in Covid-19 cases in the state, Gov. Doug Ducey was still coming under fire for not doing enough.
Mayors of Phoenix, Tempe, Tucson, Flagstaff and Tolleson said in a July 10 letter to the governor they were “deeply concerned with the exponential rise” in Covid-19 cases in the state and called on Ducey to implement stronger, statewide restrictions.
In a conference call organized Friday by Protect… Collapse
Custom home lot sales going strong in metro Phoenix despite Covid-19
1 DAY AGO - Out-of-market buyers are fueling the surge in custom home lot purchases around the Valley, in some Expand
1 DAY AGO - Out-of-market buyers are fueling the surge in custom home lot purchases around the Valley, in some cases spending millions on chunks of dirt with spectacular views. And when the wealthy buyers get around to building their houses, there's a new coronavirus-fueled priority atop their wish list according to builders: Cool home offices. Collapse
Investor group looks to turn former Phoenix golf course into homes, community park
3 DAYS AGO - For nearly four years, the Club West Golf Course in Ahwatukee, has been abandoned. Now an investor Expand
3 DAYS AGO - For nearly four years, the Club West Golf Course in Ahwatukee, has been abandoned. Now an investor group is trying to win over the south Phoenix community on an idea to turn the land into a residential community and a park. Some hurdles remain. Collapse
Q&A with Joel Edman
3 DAYS AGO - Joel Edman, the executive director of the Arizona Advocacy Network, virtually sat down with Expand
3 DAYS AGO - Joel Edman, the executive director of the Arizona Advocacy Network, virtually sat down with Arizona Capitol Times for the latest edition of the zoom Q&As. Edman, a lawyer who graduated from Arizona State University for undergrad and Harvard University for law school, talked about voting, the upcoming election and the problems that are likely to ... Collapse
Amazon Air secures deal to use biofuels
3 DAYS AGO - The company, which tested the biofuels on a flight to Arizona, says the move is part of a wider Expand
3 DAYS AGO - The company, which tested the biofuels on a flight to Arizona, says the move is part of a wider effort to become climate neutral by 2040. Collapse
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