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Business

Industry news and notes

Tucson, Arizona | Published: 09.21.2006
TUCSON
● New-home permits issued in metropolitan Tucson dropped to 542 in August from 907 in July, due in part to a high inventory of homes for sale, Tucson housing analyst John Strobeck reported in his monthly Southern Arizona Housing Market Letter. As a result of the inventory of new and resale homes, speculative home construction has diminished, he wrote. New-home closings came in at a "healthy" 729 for the month, up from 575 in July, and down slightly from 768 in August 2005. The median sales price for all homes sold was $230,000, up from $227,500 in July. "We don't have a bad housing market," Strobeck said. "We're still going to grow at the same rate we've been growing at for the last 15 years."
● Tucson-based HTG Inc., a maker of laboratory equipment used for genetic research, has named William Radany chief executive officer. He replaces Kirk Collamer, who will remain with the company as chief financial officer. Radany joins HTG from Chemicon International, a California maker of research and diagnostic products, where he was vice president of business-segment management.
● Golfsmith Golf & Tennis announced it will open its first Tucson store near the Tucson Mall at 4380 N. Oracle Road. The company called Tucson a key golf and tennis market. Golfsmith stores have specialty sports items, indoor driving ranges and PGA teaching professionals. By the end of the year, Golfsmith will have 62 stores nationwide.
● A free Multi-Cultural Community & Career Expo is scheduled from 5:30 p.m. to 7:30 p.m. Oct. 4 at the University of Arizona Memorial Student Union in the North Ballroom and Diamond Atrium. Participating groups include local minority chambers of commerce and UA minority alumni groups. For details, visit www.uagrad.org/ uaha/netexpo
NATION
● The U.S. Commerce Department said Wednesday it will extend its oversight of the California organization that handles domain-name policies, while finding ways to improve the group's accountability. Commerce Secretary John Kneuer said the current agreement with the Internet Corporation for Assigned Names and Numbers works and should continue. The Commerce Department plans to renew a memorandum of understanding with ICANN, but it will likely add provisions to address complaints that the group is too secretive, Kneuer said. The current agreement expires at the end of the month.
● More national news in brief, Page D2.
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● Send notices for Tucson Industry News & Notes to Business, Arizona Daily Star, P.O. Box 26807, Tucson, AZ 85726; by fax to 573-4144; or by e-mail to business@azstarnet.com.
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