The economic recovery in Arizona has been slow, but can we expect a more vigorous second half for the state and the nation? The annual Economic Outlook Luncheon, held May 6 by the Economic Club of Phoenix offered answers. The three presenters at the event, Dennis Hoffman, economics professor and director of Arizona State University’s L. William Seidman Research Institute, Lee McPheters, research professor and director of the JPMorgan Chase Economic Outlook Center, and Mike Orr, director of the Center for Real Estate Theory and Practice, all part of the W.P. Carey School of Business, will give us a look at the state of the Arizona and national economies.
As another sign of the Valley’s economic recovery, retail vacancy rates for Metropolitan Phoenix have fallen into the single-digit range for the first time since 2008. That’s according to recent retail studies by commercial real estate firm CBRE’s Phoenix office. CBRE Vice President Greg Abbott will discuss the Valley’s 9.6 percent retail vacancy rate.
An ASU Research professor will talk about why the nation has recovered jobs lost during the economic downturn but Arizona has not. ASU’s Morrison Institute has released a new report about making the Sun Corridor more competitive globally and with other states. The Global Cities Initiative is a joint project that aims to help metropolitan areas strengthen their international connections.
Arizona is lagging behind the national economy in recovering jobs lost during the Great Recession. Arizona State University Research Professor Lee McPheters, director of the JPMorgan Chase Economic Outlook Center at the W. P. Carey School of Business at Arizona State University, will talk about why the nation has recovered jobs lost during the economic downturn but Arizona has not.
Arizona State University economists say the state is still at least two years away from a full economic recovery. Economist Dennis Hoffman of the W. P. Carey School of Business will discuss the midyear economic forecast.
Although home sales are currently lower right now than at this time last year, recovery may be around the corner. Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business, will discuss his latest report.
Assistant Professor of Real Estate Andra Ghent of ASU’s W. P. Carey School of Business talks about her research that takes a look at different mortgage laws across the nation and how they help or hinder recovery from the housing crisis.
Last spring, ASU photography major Airi Katsuta travelled to Japan to volunteer in the earthquake/tsunami recovery effort. Now, she’s selling 1,000 origami cranes to raise money for a return trip to continue her volunteer work. Katsuta talks about her experience in Japan, and she shares some of the photographs she captured during her stay.
A new 10-story high rise is coming to Tempe Town Lake. It’s good news for Tempe, but is it also a signal that the Valley’s commercial real estate market is finally recovering after taking a beating during the recession? Mark Winkleman, chief operating officer of ML Manager LLC, provides a market update.
It looks as if the economic recovery is continuing, although at a slow pace. Arizona State University economists Robert Mittelstaedt and Dennis Hoffman and economist Elliott Pollack will take a look back at the 2011 economy and a look forward at the 2012 outlook.
The Arizona Department of Revenue is giving taxpayers an opportunity pay back taxes owed to the State without penalty from September 1 through October 1, 2011. ADOR spokesman Anthony Forschino explains the Tax Recovery Program.
A discussion on the merits of House Bill 2250 which seeks to grow jobs and attract businesses with tax incentives. Guests include Glenn Hamer, President and CEO of the Arizona Chamber of Commerce and Industry, and Dana Wolfe Naimark, President and CEO of Children’s Action Alliance, who’s representing the Arizona Budget Coalition.
Economist Elliott Pollack discusses a job recovery report his firm recently prepared for the Speaker of the Arizona House of Representatives.
The report contains a list of recommendations to grow high quality jobs and improve Arizona’s economy.