Archive for March, 2009

Metro Phoenix’s New Home Market Bottoming Out; Resale Homes Uncertain

Mike Padgett -

March 27, 2009 PHOENIX, Ariz. – The new homes market in metro Phoenix has reached bottom, but the same can’t yet be said for resale homes, said R.L. Brown, economist and publisher of the Phoenix Housing Market Letter. Brown offered his thoughts about the Phoenix market – and its future filled with many changes – […]

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Friend’s Throat Cancer, then Death, Leads to New Medical Device

Mike Padgett -

March 24, 2009 The newlywed couple’s brush with death began at 30,000 feet in 2001. They were on an airliner, returning home to Florida from Boston. The eventual death of one of them led to the creation of a new medical device.  Their adventures started more than a year earlier when Vivian Gates, a secretary in […]

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Innovative Shopping District in Scottsdale Airpark Opening in Phases

Mike Padgett -

March 17, 2009 SCOTTSDALE, Ariz. – Crews of construction workers and retail employees are entering the final week before the March 26 opening of the first phase of an innovative shopping district in north Scottsdale. The opening date for Scottsdale Quarter was confirmed late on March 16, says Richard Hunt, the development’s general manager. In […]

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U.S. Construction Industry in 2009 & 2010: The Lean Years

Mike Padgett -

March 17, 2009 Guest column by Julian Anderson, president of the Rider Levett Bucknall North American practice and a member of Rider Levett Bucknall’s Global Board. PHOENIX, Ariz. – The bursting of the housing bubble was greeted with shock, as surprising as it was immense. In truth, there should not have been shock at all. […]

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Arizona and European Investors Have $94 Million for Unfinished Projects

Mike Padgett -

March 16, 2009 SCOTTSDALE, Ariz. – With about $94 million in his pockets and a camera in his hand, Paul Charles is anything but your average photographer. Charles is vice president of Laguna Pacific Inc., a development company partnering with an $8 billion investment banking firm in Europe. Last summer, the companies formed a joint […]

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Tucson-based Biotech Receives More Than $2 Million Venture Capital Funding

Mike Padgett -

March 16, 2009 TUCSON, Ariz. – SalutarisMD, a startup medical devices company in Tucson, has received $1.5 million in financing from Translational Accelerator LLC, or TRAC, an Arizona-based $20 million bioscience venture capital group. Also investing in SalutarisMD is Desert Angels, bringing the total start up investment to more than $2 million. Desert Angels is […]

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Banner Health Opening ‘Virtual Hospital’ in Arizona for Medical Training

Mike Padgett -

March 11, 2009 MESA, Ariz. – Scarlet oozes from the left ear of the 30-year-old male motorcycle accident victim. Helmet fractured. Rambling whispers. Dark bruises on chest near heart. Underwent knee surgery 24 hours earlier. Today, one eye dilated. Breathing rapid and shallow. Receiving medium-level doses of medication. One or more of the above critical issues […]

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Opus West’s Pima Center Occupancy Rising

Mike Padgett -

March 9, 2009 SCOTTSDALE, Ariz. – Several more tenants are moving into Phoenix-based Opus West Corp.’s Pima Center, a 1-million-square-foot office campus at the Loop 101 Freeway and Via de Ventura. New leases by Mutual of Omaha, Taylor Morrison Homes, State Farm Insurance and Healthcare Realty Trust bring the completed buildings in the project to […]

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Business Veterans Betting on Downtown Phoenix Real Estate Rebound

Mike Padgett -

March 5, 2009 PHOENIX, Ariz. – Anticipating an eventual market turnaround in metropolitan Phoenix, three veteran entrepreneurs are launching a new downtown real estate office to market, among other things, high-rise residential condos. Developer Julian Blum, real estate agent Leslie Dockter and public relations/entrepreurial maven Francine Hardaway have opened their Infill Realty Services office at […]

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Blind Hikers Training in Arizona to Climb Mount Kilimanjaro in Tanzania

Mike Padgett -

March 4, 2009 PHOENIX, Ariz. – These hikers headed up the steep desert trail northeast of Phoenix are huffing and puffing, but they barely break out a sweat. Others on the trail might feel their nostrils burn and their pulse pound like a drum, but these seasoned hikers march on. They’ve been training in Arizona […]

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