The seasonally adjusted Arizona Business Conditions Index rose to 53.8 in October from 48.2 last month, an 11.5 percent increase. An Arizona Business Conditions Index reading of over 50 indicates that the local economy is growing, while a reading below 50 suggests a slowdown in the overall level of economic activity in the near term. [...]
Business & Employment
Yesterday, the Phoenix Business Journal announced the completed sale for two major office buildings in McCormick Ranch. Two large office buildings located in McCormick Ranch have been sold for $54 million. The 252,000-square-foot Scottsdale Executive Office Park was purchased by Grunberg Ventura LLC, a division of Grunberg Realty of New York. The seller was Los Angeles-based Lowe [...]
Yesterday, I was reminded just how quickly the Phoenix Metro area continues to grow, so I thought I’d figure out just how many people are moving here a day, to get a better perspective. It’s amazing to see that more than 300 people have been, and still are, moving to the Phoenix Metropolitan area per [...]
Elliott D. Pollack provides some of the most extensive and easily understandable economic data for Arizona and the Phoenix metropolitan area. Some day, I’d like to hear the dialog that accompanies their comprehensive PowerPoint presentations. I just reviewed the latest CEO/CFO presentation posted on their web site, and find that it’s a message of subdued (long-term) optimism. Here [...]
