Hosted by Downtown Phoenix Inc., the 14th Annual Urban Wine Walk returns on Saturday, April 27, from 1-5 p.m. This year, DTPHX will be “in bloom” with floral-themed giveaways, live music, and floral photo ops throughout Downtown. Urban Wine Walk is self-guided, so feel free to begin wherever you’d like at one of the many participating bars and restaurants. Maps will be provided at all the Wine Walk locations. Each location will offer a $5 wine sample and a complimentary snack while supplies last. No registration is necessary; the Walk can be done in any order. Know before you go: It’s self ..read more

Long before Alice, there was the notorious Mad Hatter. Discover the tumultuous tale of his haunting backstory and follow his path to Wonderland, where the secrets of his transformation await in this spellbinding new musical. Audiences at the Herberger Theater Center will be the first to experience this vivid new musical production of Mad Hatter the Musical, which is on course for Broadway and the West End in the future. The creative team consists of award-winning composer and co-creator Michael J. Polo, book writer Vincent Connor and songwriter Victor Valdez. Mad Hatter the Musical MAY 1 – 19 ..read more

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ According to a new Arizona State University W.P. Carey School of Business study, the economic impact of the Phoenix Airport system has increased nearly 15% since 2016. The study, which is based on calendar year 2022 figures, shows that Phoenix Sky Harbor, Phoenix Deer Valley, and Phoenix Goodyear airports have a total economic impact of $44.3 billion per year. The Airport system, which continues to be the largest economic engine in the state of Arizona, supports nearly 246,000 jobs with an annual payroll of $14.8 billion. The Phoenix Sky Ha ..read more

Many American children struggling with mental health challenges do not receive optimal care, and it’s exacerbating the damaging ripple effect on working parents and their employers, according to global health company The Cigna Group. A new report by the Evernorth Research Institute details the increasing significance of the youth mental health crisis, the challenges parents face, and provides a roadmap of specific steps employers can take to better support today’s workforce. “The youth mental health crisis continues to grow, and it is taking a significant toll on kids, parents, families an ..read more

Although unemployment rates remain near record lows, U.S. and Arizona job growth has recently slowed as the Federal Reserve continues with higher interest rates to combat inflationary pressures. According to Arizona State University economists, a recession seems less likely than one year ago but remains a possibility. What industries are driving growth in today’s Arizona economy? Has declining housing affordability impacted the inflow of new residents and businesses to the Phoenix area? If a recession is on the horizon, is it expected to be mild or severe? Join us live on Zoom, where top exp ..read more

Jeremy Bronfman, founder and CEO of LAC Lincoln Avenue Communities, a mission-driven acquirer and developer of affordable housing, broke ground yesterday on the future site of Cottonwood Ranch during a ceremony with LAC leaders, local policymakers and partners. Cottonwood Ranch will provide 300 affordable housing units to individuals and families in Pinal County earning less than 50% and 60% of the Area Median Income. “Lincoln Avenue Communities is proud to begin construction on our first ground-up development in Arizona,” said Jeremy Bronfman, founder and CEO of LAC. “Once completed, Cotto ..read more

Discount Tire, a leading retailer of tires and wheels, and Major League Soccer (MLS) today announced a new multiyear partnership in the U.S. Through this agreement, Discount Tire will be named the official tire retailer of MLS, the MLS All-Star Game presented by Target, and MLS Cup presented by Audi. As part of this multiyear partnership, Discount Tire will integrate into MLS broadcasts and advertise on MLS Season Pass and FOX, feature in-stadium promotions, offer customer sweepstakes, and execute grassroots marketing and community outreach programs at many of Discount Tire’s 1,200 store ..read more

In Business Magazine’s own Editorial Director, RaeAnne Marsh, was named as one of Arizona’s SBA honorees. In celebration of National Small Business Week (NSBW), April 28 – May 4, the U.S. Small Business Administration (SBA) is honoring Arizona entrepreneurs, small business champions and lending partners for their contributions to the economy.  Over 99 percent of the businesses in the state are small businesses.  Small businesses drive innovation and job growth, vital to Arizona’s dynamic economy. “It is an honor to recognize the Arizona winners of the National Small Business Week a ..read more

The median U.S. home-sale price hit a record $383,725 during the four weeks ending April 21, up 5.2% from a year earlier—one of the biggest jumps since October 2022. That’s according to a new report from Redfin, the technology-powered real estate brokerage. The Phoenix Metro area saw a 25.8% year-over-year increase in new listings in this period. The average weekly mortgage rate hit 7.1% this week, its highest level since November 2023, as it became clear the Fed would keep interest rates high longer than expected. High prices and mortgage rates drove the median monthly housing payment to a ..read more

Christopher Todd Capital has completed its first purchase of a newly-completed Build-to-Rent (BTR) community in Avondale, Arizona, part of Phoenix metro. The company, with offices in Arizona and Florida, purchased the community for approximately $57 million, which is well below what it would cost to build from the ground up today. The Class A fully amenitized community includes 217 one- and two-bedroom homes. It is adjacent to the City’s 90-acre Friendship Park. The seller is WS Avondale 1, LLC. Christopher Todd Capital is a privately held family office and a sister company of Christopher T ..read more