Phoenix Business Journal to honor biggest, fastest-growing private companies
The annual awards program recognizes the largest privately held companies in Arizona, ranked by revenue, and the fastest-growing companies ranking by revenue percentage growth.
Milwaukee’s Carleton school redevelopment advances, 48 housing units planned
A revised plan to redevelop Milwaukee's former Carleton Elementary School site advanced Monday as the Milwaukee City Plan Commission voted to rezone the property to make way for 48 housing units.
Longtime area restaurateurs permanently close East Sac restaurant Celestin’s
The local operators of a restaurant specializing in French Creole cuisine are retiring and have closed their East Sacramento location.
Denver rent gains continue to lag behind suburbs since the pandemic
For years, developers have focused on building luxury apartments in Denver’s urban core, targeting young professionals wanting to live near work and the heart of the action.
And while that pipeline is still running full, the strongest rent gains since the pandemic have come in the suburbs and beyond, according to a new study from Apartment List, an apartment search engine.
In the first year of the pandemic, apartment rents within Denver city limits fell by 3.7%, compared to an increase of 1.8% in the surrounding suburbs. After the economy opened up again, rents everywhere rebounded. But the preference for renting in the suburbs only accelerated.
Denver apartment rents are up 16%, while the metro suburbs have averaged rent gains of 25.1% since March 2020, according to Apartment List.
That preference matches what is happening nationally. Of the 39 larger metro areas studied, 33 recorded faster rent gains in the suburbs than in the core cities. And the farther out, the faster the rent..
Wellstar Health System pays millions for Marietta office building, could consolidate
Wellstar’s decision comes less than one month after it announced the closure of the Atlanta Medical Center because of financial strain.
How Philadelphia businesses can remain front-footed in uncertain times
As Philadelphia recovers from the economic shocks of COVID-19, local businesses face similar issues — like inflation, supply chain problems and ongoing labor shortages — that business leaders nationwide surveyed in JPMorgan Chase’s 2022 Business Leaders Outlook Pulse survey say they grapple with.
But Philadelphia businesses have good reasons to be optimistic. Despite the pandemic, the region gained 122,800 jobs from August 2021 to August 2022. The city has a fairly low unemployment rate and…
Truist Financial’s Q3 earnings report reflects mixed outcome amid shifting market
Truist Financial Corp. saw mixed results in its third-quarter earnings as a result of a shifting market environment — similar to other big banks.
Fulcrum Global builds second agriculture-focused fund to $75M after cashing out two prior investments
This summer, Fulcrum Capital made two successful exits from its first fund even as it was building up its next one to $75 million to invest in agriculture, animal health and ag tech.
Truist Financial’s Q3 earnings reflect mixed outcome amid shifting market
Truist Financial Corp. saw mixed results in its third-quarter earnings as a result of a shifting market environment — similar to other big banks.
After Wells Fargo takes a $2B regulatory charge, CEO Charlie Scharf warns: ‘This isn’t the end of it’
Charlie Scharf, CEO of Wells Fargo, warned that the bank could face “significant” costs ahead as it seeks to fully recover from past scandals.