The Business Journal - Serving Phoenix & the Valley of the Sun articles from February 1991

The Business Journal - Serving Phoenix & the Valley of the Sun archives from February 1991

Arizona banks lost $119 million in 1990; '89 losses were far greater.
February 25, 1991... Arizona banks lost $119 million in 1990 '89 losses were far greater Arizona banks posted a combined loss of nearly $119 million during 1990, which represents a vast improvement over the estimated $492 million in losses posted in...

Trade schools fear industry shakeout from new loan regs. (Arizona)
February 25, 1991... Trade schools fear industry shakeout from new loan regs Up to 15 percent of the state's proprietary trade and technical schools may be forced out of business over the next couple of years because of new federal regulations governing the...

Yount and Kaplan making a pitch for Phoenix Firebirds. (Larry Yount and Mark Kaplan plan to buy baseball team)
February 25, 1991... Yount and Kaplan making a pitch for Phoenix Firebirds Valley real estate developer Larry Yount is leading an effort to buy the Phoenix Firebirds baseball team from New York businessman Martin Stone, The Business Journal has learned. ...

Mesa Airlines agrees to buy Air Midwest for cash and stock.
February 25, 1991... Mesa Airlines agrees to buy Air Midwest for cash and stock Mesa Airlines Inc., which operates as an independent carrier out of its Phoenix and Albuquerque hubs, has agreed in principle to acquire Air Midwest Inc., Wichita, Kan., for cash...

Group works to steer 1991 Grand Prix race to San Diego. (plan to move Iceberg USA Grand Prix automobile race from Phoenix, AZ)
February 25, 1991... Group works to steer 1992 Grand Prix race to San Diego Meeting scheduled with Formula One chief A group of San Diego auto racing enthusiasts will meet with Formula One czar Bernie Ecclestone at the Iceberg USA Grand Prix in Phoenix...

Investor group working to start bank in Lake Havasu City. (Mohave State Bank)
February 25, 1991... Investor group working to start bank in Lake Havasu City A group of 24 investors from Mohave County is organizing a new bank that will be based in Lake Havasu City and could be open for business as early as May. Records released by the...

Video stores acquired by Movie Superstore. (National Video Superstore franchises)
February 25, 1991... Video stores acquired by Movie Superstore The Movie Superstore Inc., Phoenix, has acquired three former National Video Superstore franchises in a $1.45 million transaction that included 22.5 percent of the local company's outstanding common...

Carter Hawley filing delays construction of Broadway store. (Mesa, AZ)
February 25, 1991... Carter Hawley filing delays construction of Broadway store Construction of the Broadway store at Superstition Springs Mall has come to a halt as a consequence of the bankruptcy filing of Carter Hawley Hale. Earlier this month, Carter...

Two valley ad agencies plan merger. (Owens and Associates Advertising and Public Relations Inc. to merge with Pollick and Associates Inc. to form Owens, Pollick and Associates)
February 25, 1991... Two Valley ad agencies plan merger With little fanfare but a great deal of excitement, two of the Valley's largest advertising agencies, Owens & Associates and Pollick & Associates, have signed letters of intent to merge their operations....

CVA Laboratories plans manufacturing campus in Scottsdale. (Arizona)
February 25, 1991... CVA Laboratories plans manufacturing campus in Scottsdale With plans to build a manufacturing campus at the Scottsdale Industrial Airpark, CVA Laboratories South has purchased a 10-acre parcel of vacant land near its offices in Scottsdale....

Geoffrey H. Edmunds & Associates. (purchases Phoenix, AZ vacant lots to build homes)
February 25, 1991... Geoffrey H. Edmunds & Associates Scottsdale-based Geoffrey H. Edmunds & Associates has paid what records show to be $2.89 million for 78 vacant lots at Stonegate, a 357-acre master-planned community at 112th Street and Shea Boulevard. ...

Legislator proposes state board on occupational health risks. (Arizona state Rep. Susan Gerard wants law to inform Arizona workers of potential job hazards)
February 25, 1991... Legislator proposes state board on occupational health risks Capitol Beat A state lawmaker wants workers notified if their jobs have the potential to make them ill -- or skill them. HB 2227 would set up a special board within...

Phoenix General continues comeback, should break even for '90. (Phoenix General Hospital and Medical Center)
February 25, 1991... Phoenix General continues comeback, should break even for '90 Phoenix General Hospital & Medical Center, which was on the verge of bankruptcy this time last year, is expected to at least break even for 1990. However, hospital...

Polls reveal streak of optimism about economic prospects. (survey of "Business Journal" readers' attitudes toward Phoenix, AZ business and industry)
February 25, 1991... Polls reveal streak of optimism about economic prospects Business people think things are looking up -- at least a little bit. A quarterly survey of Business Journal readers shows more than one in three believe conditions will improve...

Luxury suite sales are strong in new America West Arena. (Phoenix, AZ area real estate)
February 25, 1991... Luxury suite sales are strong in new America West Arena Despite a sluggish economy, Valley businesses are not squeamish about spending $60,000 to $70,000 initially, and committing to much more, to claim one of 87 luxury suites in the new...

Heat is on Valley firm's effort to market sports products. (Pro Performance, Phoenix, AZ)
February 25, 1991... Heat is on in Valley firm's effort to market sports products Apparently it just doesn't get hot enough in Phoenix for a group of entrepreneurs who see their future in marketing a portable heat pack known as Pro Heat. "We're effectively...

Swaim and Associates Ltd. (U.S. Government Contracts )
February 25, 1991... Firm: Swaim and Associates Ltd., Tucson Contract: Add/alter to telecom center Date: 1/9/91. Amount: $66,237

Air Improvement Resources Inc. (U.S. Government Contracts)
February 25, 1991... Firm: Air Improvement Resources Inc., Mesa Contract: Asbestos removal and disposal Date: 1/8/91. Amount: $20,428

Allied-Signal Aerospace Co. (U.S. Government Contracts)
February 25, 1991... Firm: Allied-Signal Aerospace Co., Tempe Contract: Drive assembly PNEU Date: 1/14/91. Amount: $144,780

Universal Propulsion Co. (U.S. Government Contracts)
February 25, 1991... Firm: Universal Propulsion Co., Phoenix Contract: Initiator 1377010467783AQ Date: 1/9/91. Amount: $31,160

Talley Defense Systems. (U.S. Government Contracts)
February 25, 1991... Firm: Talley Defense Systems, Mesa Contract: Rocket seat motor Date: 1/16/90. Amount: $87,811

Garrett Fluid Systems Division Allied-Signal Inc. (U.S. Government Contracts)
February 25, 1991... Firm: Garrett Fluid Systems Division Allied-Signal Inc., d/b/a Allied-Signal Aerospace Co., Tempe Contract: Venturi assembly air flow, 96259, 13 each Date: 1/15/91. Amount: $27,950

Fuel miser: high tech apparatus helps trucks save gas. (Kinetic Technology's new product)
February 18, 1991... Fuel miser It was nearly two years ago when Larry Thompson brough his new fuel-saving device to the attention of Dave Hudson, owner of Arizona Express trucking fleet. Thompson was confident in his product, called the Unison Fuel...

SEC probes WestAmerica Investment Group. (Securities and Exchange Commission)
February 18, 1991... SEC probes WestAmerica Investment Group WestAmerica Investment Group Inc., a Scottsdale-based brokerage firm, is the subject of a probe by the Securities and Exchange Commission centering on the firm's role as a broker for a former RL...

Pena wants to limit bond sales through lenders. (Senator Lito Pena)
February 18, 1991... Pena wants to limit bond sales through lenders A Phoenix lawmaker wants to save Arizona residents from the same financial disaster that befell Californians who bought bonds in Lincoln Savings and Loan Association. Sen. Lito Pena has...

Developer girds for battle with city. (Butler Park Building & Developing Corp.)
February 18, 1991... Developer girds for battle with city A developer who got a great buy on a vacant piece of residentially zoned land may live to regret his decision: Although he already has broken ground on a 27-home subdivision, the city of Phoenix is...

Pantheon forms bond subsidiary, plans to expand holdings. (Pantheon Industries Inc.)
February 18, 1991... Pantheon forms bond subsidiary, plans to expand holdings Pantheon Industries Inc., a Scottsdale-based media and communications company, is proceeding with plans to expand its holdings and has launched a subsidiary that will issue and sell...

America West, city squabble over Terminal 4 costs. (Sky Harbor International Airport)
February 18, 1991... America West, city squabble over Terminal 4 costs America West and the city of Phoenix are fighting over how much the airline owes the city for revamping plans for the newly opened Terminal 4 at Sky Harbor International Airport. The...

Mahoney Group forms new division to sell investments to over-50 market. (Retirement ServiCenters)
February 18, 1991... Mahoney Group forms new division to sell investments to over-50 market The Mahoney Group, a Casa Grande-based insurance and financial services agency with eight offices statewide, has launched a division to target Arizona residents who are...

Battle looming again over proposed state sales tax on food. (Capitol Beat) (column)
February 18, 1991... Battle looming again over proposed state sales tax on food One lawmaker's idea to raise some additional money for the state threatens to rekindle a decade-old battle. Sen. Bill Hardt has introduced SB 1249, which would reimpose the...

Security Pacific may take over chain of economically ailing radio stations. (Security Pacific Bank Arizona sues JJN Enterprises)
February 18, 1991... Security Pacific may take over chain of economically ailing radio stations An Arizona bank wants a judge to make it the owner of radio stations in four Western cities, including two in this state. Security Pacific Bank Arizona has...

Mesa Airlines improves first-quarter net income.
February 18, 1991... Mesa Airlines improves first-quarter net income Mesa Airlines Inc. reported earnings of $543,916, or 29 cents a share, for its first quarter ended Dec. 31, up slightly from earnings of $537,237 for the same period in 1989. During that...

James Campbell. (People on the Move)
February 18, 1991... James Campbell has been named chief operating officer of Phoenix-based L.M.B. Construction Co. He retains his previous duties as executive vice president. The Arizona Contractors Association has elected new offers: Michael Wagner,...

Linda K. Anderson. (People on the Move)
February 18, 1991... Linda K. Anderson has been named president and chief operations officer of USA Healthnet Inc., Phoenix.

California firm sells Glendale shopping centers for $10 M. (Westwood Financial Corp.)(Real Estate Roundup)
February 18, 1991... California firm sells Glendale shopping centers for $10 M Los Angeles-based Westwood Financial Corp. has sold two Glendale shopping centers to separate limited partnerships for a total of $9.93 million, according to records. The...

Blasdell/Phoenix L.P. (Real Estate Roundup)
February 18, 1991... Blasdell/Phoenix L.P. The investors who have owned a 218-acre parcel in the West Valley for 18 years have transferred ownership of the property into a limited partnership. The property, near Bullard Avenue between McDowell Road and...

Arizona Retail Shopping Centers. (Real Estate Roundup )
February 18, 1991... Arizona Retail Shopping Centers Arizona Retail Shopping Centers Inc., Phoenix, has paid what records show to be $9 million for the Lincoln View Plaza at 32nd Street and Lincoln Drive. Phoenix-based Foundation Development Corp., which...

Joseph and Teresa Abandonato. (Real Estate Roundup)
February 18, 1991... Joseph and Teresa Abandonato Joseph and Teresa Abandonato of Murietta, Calif., have paid $2.75 million for a 147-lot mobile-home park in Apache Junction, according to records. The investors bought the Coral Sands Mobile Home Park,...

Whispering Pines Retirement Apts. (Real Estate Roundup )
February 18, 1991... Whispering Pines Retirement Apts. Mesa-based Whispering Pines Retirement Apartments Limited Partnership has paid $4.6 million for a 250-unit retirement complex in Mesa, according to records. The property, at 35 W. Brown Road, was sold...

May Centers Associates. (Real Estate Roundup)
February 18, 1991... May Centers Associates Newark, N.J. -based May Centers Associates, in care of the Prudential Insurance Co. of America, has paid what records show to be $7.44 million for the Robinson's at Fiesta Mall in Mesa. The property was sold by...

Margaret Walker; issues facing Arizona lodging industry challenge government relations veteran. (Profile)
February 18, 1991... Margaret Walker Arizona's lodging industry has faced a number of tough issues during the past few years, including the Martin Luther King Jr. holiday controversy and the 1980s construction boom that held occupancy rates down for several...

Difficult economy forces arts groups to scramble for dollars. (Arizona)
February 18, 1991... Difficult economy forces arts groups to scramble for dollars When the economy heads into a downturn, arts groups are among the first to feel the pinch. Although memberships and paid admissions fund some activities, most arts organizations...

James L. Adler Jr. (Who's Who in Legal)
February 18, 1991... James L. Adler Jr. partner Squire, Sanders & Dempsey Age: 62 Adler, born in Pittsburgh, holds a bachelor's degree in history from Carleton College and a bachelor of laws degree from Yale Law School. He was a fellow with The Association...

Sam P. Applewhite III. (Who's Who in Legal)
February 18, 1991... Sam P. Applewhite III attorney Ryley, Carlock & Applewhite Age: 61 Applewhite, born in Phoenix, holds bachelor's and law degrees from Stanford University. He has been a member of Ryley, Carlock & Applewhite for 36 years. He is a...

Robert G. Beshears. (Who's Who in Legal)
February 18, 1991... Robert G. Beshears chairman O'Connor, Cavanagh, Anderson, Westover, Killingsworth & Beshears Age: 59 Beshears, born in Charleston, Ark., holds a bachelor's degree in business economics and a bachelor of laws degree from the University of...

Leo R. Beus. (Who's Who in Legal)
February 18, 1991... Leo R. Beus founding partner Beus, Gilbert & Morrill Age: 47 Beus a native of Burley, Idaho, holds a bachelor's degree in political science from Brigham Young University and a juris doctorate from the University of Michigan. He was an...

John J. Bouma. (Who's Who in Legal)
February 18, 1991... John J. Bouma chairman Snell & Wilmer Age: 54 Bouma, born in Fort Dodge, Iowa, holds bachelor's and juris doctorate degrees from the University of Iowa. He served in the U.S. Army, attaining the rank of captain. Bouma was an associate...

Richard B. Burnham. (Who's Who in Legal)
February 18, 1991... Richard B. Burnham managing partner Gammage & Burnham Age: 39 Burnham, born in Cincinnati, Ohio, holds a bachelor's degree in public affairs from George Washington University and a juris doctorate from Northwestern University. He was...

James M. Bush. (Who's Who in Legal)
February 18, 1991... James M. Bush Bush, a native of Tucson, holds an undergraduate degree and a bachelor of laws from the Univeristy of Arizona. He joined Fennemore Craig in 1989 after 39 years with Evans, Kitchel and Jenckes. Bush ia a member of the...

George Read Carlock. (Who's Who in Legal)
February 18, 1991... George Read Carlock Carlock, born in Globe, graduated from the University of Arizona College of Law. He has been a member of Ryley, Carlock & Applewhite for 43 years. Carlock is a member of the State Bar of Arizona, Maricopa...

Harry J. Cavanagh. (Who's Who in Legal)
February 18, 1991... Harry J. Cavanagh Cavanagh, a native of Chicago, moved to Phoenix in 1940 and attended Arizona State University before entering military service in World War II. He was a fighter pilot and instructor for P-47 Thunderbolts and was awarded...

John R. Christian. (Who's Who in Legal)
February 18, 1991... John R. Christian Christian, born in Iowa, received an economics degree from the University of Iowa and a law degree form the University of Arizona. He also did graduate work in taxes at New York University. Christian has been...

Jon S. Cohen. (Who's Who in Legal)
February 18, 1991... Jon S. Cohen Cohen, a native of Omaha, Neb., holds a bachelor's degree in political philosophy from Claremont Men's College and a juris doctorate from Harvard Law School. He also studied at the London School of Economics. He joined...

Marvin S. Cohen. (Who's Who in Legal)
February 18, 1991... Marvin S. Cohen Cohen, born in Akron, Ohio, holds a bachelor's degree in political science and a bachelor of laws from the University of Arizona. He was chief civil deputy in the Pima County Attorney's Office from 1958-60 and special...

Paul J. Meyer. (Who's Who in Legal)
February 18, 1991... Paul J. Meyer Meyer, a native of Oak Park, Ill., holds a bachelor's degree in history from St. Mary's College of Minnesota and a juris doctorate from the University of Notre Dame. He was a law clerk to U.S. Supreme Court Chief Justice...

K. Layne Morrill. (Who's Who in Legal)
February 18, 1991... K. Layne Morrill Morrill, born in Roosevelt, Utah, holds a bachelor's degree from the University of Utah and juris doctorate from the University of Pennsylvania. He was an associate/partner with Jennings Strouss & Salmon for six years...

P. Robert Moya. (Who's Who in Legal)
February 18, 1991... P. Robert Moya Moya, born in Belen, N.M., received a bachelor's degree in history from Princeton University and a juris doctorate from Stanford Law School. Moya was an associate and partner with Lewis and Roca from 1969-83. He was...

Jones Osborn II. (Who's Who in Legal)
February 18, 1991... Jones Osborn II Osborn, a native of Yuma, holds bachelor's and juris doctorate degrees from the University of Arizona. He servec in the U.S. Army in 1970-71. Osborn joined Meyer, Hendricks in 1971. He is a member of the American...

Frank A. Parks. (Who's Who in Legal)
February 18, 1991... Frank A. Parks Parks, born in Passaic, N.J., holds a bachelor's degree in marketing from Clarkson University and a bachelor of laws from the George Washington University School of Law. He has been an owner of Teilborg, Sanders & Parks...

William J. Rainey. (Who's Who in Legal)
February 18, 1991... William J. Rainey A native of Flint, Mich., Rainey earned a bachelor's degree in U.S. government from Harvard University and his juris doctorate from University of Michigan Law School. Rainey has held his current position at Valley...

Mark B. Raven. (Who's Who in Legal)
February 18, 1991... Mark B. Raven Raven, born in New York, holds a bachelor's degree from New York University and a law degree from Yale Law School. He was an associate with the New York firm of Fried, Frank, Shriver & Jacobson and later a community...

William G. Ridenour. (Who's Who in Legal)
February 18, 1991... William G. Ridenour Ridenour, a native of Safford, holds a bachelor's degree from the University of Arizona, a master's from the Eagleton Institute of Practical Politics at Rutgers and Princeton and a juris doctorate from the University of...

Fred H. Rosenfeld. (Who's Who in Legal)
February 18, 1991... Fred H. Rosenfeld Rosenfeld, a native of Phoenix, holds a bachelor's degree in business and a bachelor of laws from the University of Arizona. He served in the U.S. Army in 1961-62. Rosenfield has been a partner in Gust, Rosenfeld &...

Jay S. Ruffner. (Who's Who in Legal)
February 18, 1991... Jay S. Ruffner Ruffner, born in Washington, Pa., holds a bachelor's degree in economics from Hobart College, a juris doctorate from the University of Pittsburgh and a master of laws from New York University. He was a captain and judge...

Seymour Sacks. (Who's Who in Legal)
February 18, 1991... Seymour Sacks Sacks, a native of Brooklyn, N.Y., holds a bachelor's degree from Syracuse University and a juris doctorate from Harvard Law School. He was a lawyer for the Department of Justice from 1957-59 and became a founding partner...

Richard B. Sanders. (Who's Who in Legal)
February 18, 1991... Richard B. Sanders Sanders, born in New Brighton, Pa., holds a bachelor's degree in business administration from the University of Wisconsin and was graduated with honors from the University of Arizona College of Law in 1964. In 1973,...

S. Leonard Scheff. (Who's Who in Legal)
February 18, 1991... S. Leonard Scheff Scheff, a native of kilgore, Texas, holds a bachelor's degree in economics from the University of Arizona and a juris doctorate from the University of California at Berkeley. He began his career as an associate with...

Richard A. Segal. (Who's Who in Legal)
February 18, 1991... Richard A. Segal Segal, born in Chicago, received a bachelor's in liberal arts and his law degree from the University of Arizona. He has been affiliated with Gust, Rosenfeld & Henderson for 31 years. Segal has served as president...

F. William Sheppard. (Who's Who in Legal)
February 18, 1991... F. William Sheppard Sheppard, a native of Globe, holds a bachelor's degree in political science from the University of Arizona and a juris doctorate from Yale Law School. He joined Gammage & Burnham seven years ago after 10 years at...

Kenneth J. Sherk. (Who's Who in Legal)
February 18, 1991... Kenneth J. Sherk Sherk, born in Ida Grove, Iowa, holds a bachelor's degree in commerce from the University of Iowa and a juris doctorate from George Washington University. He joined Fennemore Craig in 1985 after six years with Romley &...

Dean C. Short II. (Who's Who in Legal)
February 18, 1991... Dean C, Short II Short, born in Akron, Ohio, received a bachelor's degree in business from the University of Arizona and a juris doctorate from Harvard Law School. Before joining Gallagher & Kennedy three yeara ago, he was with Jones,...

Dale R. Shumway. (Who's Who in Legal)
February 18, 1991... Dale R. Shumway Shumway, born in Taylor, Ariz., received a bachelor's degree from Arizona State University and a juris doctorate from the University of Arizona. He began his career with Producers Cotton Oil Co. After serving as an...

Stephen E. Silver. (Who's Who in Legal)
February 18, 1991... Stephen E. Silver Silver, a native of Los Angeles, holds a bachelor's degree from Arizona State University and a juris doctorate from the University of Arizona College of Law. He was a trial attorney in Seattle, for the Internal...

Preston J. Steenhoek. (Who's Who in Legal)
February 18, 1991... Preston J. Steenhoek Steenhoek, born in Pella, Iowa, received a bachelor's degree in economics from Central College in Iowa and a juris doctorate from the University of Iowa. He has been an attorney with Streich Lang for 25 years and...

James A. Teilborg. (Who's Who in Legal)
February 18, 1991... James A. Teilborg Teilborg, a native of Pueblo, Colo., did undergraduate work at Colorado State University and Colorado State College and received a juris doctorate degree from the University of Arizona. He is a lieutenant colonel in the...

John O. Theobald. (Who's Who in Legal)
February 18, 1991... John O. Theobald Theobald, a Phoenix native, holds a bachelor's degree in biology from Princeton University and a juris doctorate from the University of Arizona. He was an associate with Evans, Kitchel & Jenckes for more than two...

David K. Udall. (Who's Who in Legal)
February 18, 1991... David K. Udall A native of Thatcher, Ariz., Udall received a bachelor's degree from Brigham Young University and a juris doctorate from the University of Arizona. After a year with the Phoenix law firm of Kramer, Roach, Burch, Streich...

Jeffrey H. Verbin. (Who's Who in Legal)
February 18, 1991... Jeffrey H. Verbin Verbin, born in Chicago, holds a bachelor's degree in mechanical engineering from the University of Illinois and a juris doctorate from Washington University. He was associated with Altheimer & Gray in Chicago and...

Donald A. Wall. (Who's Who in Legal)
February 18, 1991... Donald A. Wall Wall, born in Lafayette, Ind., received a bachelor's degree from Butler University and a juris doctorate from Northwestern University. He joined the Cleveland office of Squire, Sanders & Dempsey in 1971, became a...

E. Phillip Weeks. (Who's Who in Legal)
February 18, 1991... E. Philip Weeks Weeks, born in Chicago, holds bachelor's and juris doctorate degrees from the University of Arizona. He began his career with Snell & Wilmer in 1960, served as a deputy Maricopa County attorney from 1961-63 and was...

J. Steven Whisler. (Who's Who in Legal)
February 18, 1991... J. Steven Whisler Born in Centerville, Iowa, Whisler earned an undergraduate degree in business from the University of Colorado. He received a juris doctorate at the University of Denver College of Law and a master's in mineral economics...

Richard H. Whitney. (Who's Who in Legal)
February 18, 1991... Richard H. Whitney Whitney, a native of Phoenix, holds bachelor's, master's and law degrees from the University of Arizona. He has been with Gust, Rosenfeld & Henderson for 27 years, specializing in estates and trusts, newspaper law...

Nan Wilder. (Who's Who in Legal)
February 18, 1991... Nan Wilder A native of Illinois, Wilder received a bachelor's degree from Carleton College in Minnesota. She was assistant to the manager of the Phoenix Symphony Association before becoming executive director of the bar association in...

William F. Wilder. (Who's Who in Legal)
February 18, 1991... William F. Wilder Wilder, a native of Prescott, holds bachelor's and law degrees from the University of Arizona. He has been a member of Ryley, Carlock & Applewhite for 26 years. He is a member of the State Bar of Arizona,...