Good morning, Mesa.

Mat Ishbia’s mortgage company posted a nearly half-billion loss in Q2 as home sales dropped (from a failed merger and rates) and launched a $2 billion partnership with Oaktree Capital to cut debt.

He said it will not impact his plan to secure full ownership of the Suns and Mercury.

Author John Washington will discuss his book How to Close a Camp and the community pushback against a planned $70M detention center in Surprise at Changing Hands Bookstore in Tempe on Aug.

27 + his talk explains local efforts and plans to shut these facilities down.

Imagine Dragons will headline the Concert in the Coliseum on Saturday, Feb.

6 at TPC Scottsdale's 16th hole as part of the WM Phoenix Open week; Counting Crows will open the event for a night of high-energy music with tickets on sale starting Aug. 27 at 10 a.m.

A study from Duke University’s Heat Policy Innovation Hub shows that in the Phoenix area, cooling costs rose by $120 from 2018 to 2024 as rising electricity rates and hotter summers took effect (highlighting a growing energy affordability challenge).

A report by the American Society of Civil Engineers rated Arizona’s water systems as a C and warned that billions in funding are needed to address challenges from drought and population growth, with rural areas facing bigger hurdles than urban centers.

Arizona’s water finance agency approved scopes of work for two EPCOR proposals that would bring an extra 100,000 acre-feet of water each year from California + Mexico; stakeholder interest will be confirmed in the next nine months with construction expected to start in coming years.

Mesa City Council approved a notice of intent on Monday for a $50M luxury hotel planned at the Cannon Beach mixed-use development site at the southeast corner of Power and Warner roads, with the project set for review on an upcoming council agenda.

The Veolia Arizona Open will run from Sept.

14-20 at the Arizona Athletic Grounds, featuring top pickleball players like Anna Leigh Waters, Ben Johns, and local talent such as Augie Ge. The tournament is the Carvana PPA Tour’s second stop for the 2026-27 season.