Investor Homebuying Report Shows Slowing Purchase Activity amid Shifting Market Dynamics — A Decade in Review

CoreLogic

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, shared its Investor Homebuying report highlighting home U.S. purchase trends between 2011 and 2020. In the report, CoreLogic investigates activity nationally by both price tier and investor size and looks at which regions have had the most and least activity. A … [More]

SBA Opens Supplemental Grant Applications for Shuttered Venue Operators Grant Awardees

U.S. Small Business Administration

The U.S. Small Business Administration announced it will begin sending invitations for supplemental awards for the Shuttered Venue Operators Grant program. Per the Economic Aid to Hard-Hit Small Businesses, Non-profits and Venues Act, SVOG supplemental awards are to be provided to those who received an initial grant and have illustrated a 70% loss when comparing 2021’s … [More]

Can You Actually Live Off Rental Income?

by Phil Cord

It is safe to say that renting property is one of the easiest ways to become financially independent. For starters, a potential landlord needs to do proper research and check the state of the local housing market, as well as figure out what is a probate bond. Later on, one needs to find trustworthy tenants and take care of the basic maintenance work if need be. However, it … [More]

Sports Betting Pre-Registration Kicks Off this Saturday – So Get to Know Betarizona.com

Betarizona.com

With the online sports betting pre-registration coming up this Sat., Aug. 28th, and the official launch of sports betting on Sept. 9, 2021, here is a resource for all things sports betting, Betarizona.com. Betarizona.com is an online resource with industry experts and analysts that can offer insights and analysis, game projections, odds comparisons, sportsbook reviews and … [More]

Celebrate a year of Kaizen!

Kaizen

Everyone at Kaizen is so happy and grateful for the amazing response they've had in their first year of #kaizenphx and we have an exciting evening planned to celebrate their anniversary! They will be hosting a 4-course dinner specially created by Chef Gustavo- and you're invited to join the party! Dinner will be served at 5 pm and 7 pm on Thursday, September 2, and will be … [More]

Devoted Health Expands Footprint in Arizona, Adding 100 Jobs in the Phoenix Area

Devoted Health

Devoted Health, one of the fastest-growing Medicare Advantage (MA) plans in the United States, is opening a new office in Scottsdale to support its rapid expansion, and will be hiring for at least 100 positions in the new location. The greater Phoenix team supports Devoted Health members across the country to provide the highest-quality care and member experience … [More]

Trust Acquires Self Storage Facility in Surprise, Arizona

Strategic Storage Trust

Strategic Storage Trust VI, Inc., a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., announced the acquisition of an approximately 665-unit self storage facility in Surprise, Arizona. The property was completed in 2017 and was approximately 87% occupied at acquisition. This is the fourth acquisition in the newly formed SST VI … [More]

Their Take: Arizona is a Hot Spot for Businesses to Land, Creating Myriad Opportunities for Metro Phoenix CRE Industry

by Andrea Davis

It’s scorching hot in Arizona and this time it’s not about the weather. More than ever, companies across the U.S. are packing up their businesses and flocking to Arizona. With its high-skilled talent pipeline, affordable cost of living, and lower taxes than neighboring states, Arizona – and primarily Metro Phoenix – has developed its position as an attractive business … [More]

Study: Phoenix Could Generate $4.56B by Leasing Sky Harbor International Airport 

Reason Foundation

Phoenix could generate $4.56 billion by leasing Phoenix Sky Harbor International Airport, giving the city money to fund other needed infrastructure projects or pay down debt, according to a new Reason Foundation study of U.S. airports. Based on data from previous airport sales and long-term leases around the world, the Reason Foundation report found the airport could be worth … [More]

Retirement Planning Also Means Dream Planning – But Will Yours Materialize?

by Peter Blatt

Not everyone’s dream retirement is the same. Perhaps yours involves traveling in an RV to National Parks, places you spent a lifetime hearing about but never got the chance to see. Or maybe your dream retirement is to launch your own business, something you wanted to do long ago. But with bills to pay and college tuition costs for children, the idea of quitting your day … [More]

WEBINARS – Sep 7 and 9: Arizona Small Business Boot Camp & Collective

Arizona Commerce Authority

UPCOMING SESSIONS Please join us for the upcoming Boot Camp sessions. If you missed any sessions this week, watch here. SESSION 183: Tuesday - September 7 | 9:00 AM Your Brand Your Way: Mind Your Messaging Whether you are crafting your brand message for a marketing channel, your website, a video, or a meeting, you need to be sure the people … [More]

SBA Announces Moratorium on Bona Fide Place of Business Requirements for the 8(a) Business Development Program  

U.S. Small Business Administration

The U.S. Small Business Administration today announced a moratorium on the requirement that participants in SBA’s 8(a) Business Development Program must establish a bona fide place of business in a specific geographic area in order to be awarded any construction contract through the 8(a) Program due to the ongoing challenges of COVID-19.  The moratorium is effective August 25, … [More]

AC Hotel Downtown Phoenix Acquired by Chicago Group

inbusinessPHX.com

Chicago-based hotel investment and management company, Arbor Lodging Partners, is proud to announce today its latest acquisition and first expansion into the Phoenix market, with AC Hotel Phoenix Downtown. Located in the lively, bustling downtown that has been experiencing rapid growth and development in recent years, the AC Hotel Phoenix Downtown boasts 199 luxurious rooms and … [More]

Ducey Names Don Herrington as Interim ADHS Director, Taps Richard Carmona as Senior Public Health Advisor

State of Arizona Office of the Governor

Governor Doug Ducey today named Don Herrington, a 21-year veteran of the Arizona Department of Health Services, to succeed Dr. Cara Christ and oversee the frontline health care workers who have spearheaded the state’s response to the COVID-19 pandemic. The Governor and Herrington together named Dr. Richard Carmona, the 17th Surgeon General of the United States, to serve as … [More]

U.S. Weekly Jobless Claims Rise but Stay Near Last Week’s Pandemic Low

U.S. Department of Labor

In the week ending August 21, the advance figure for seasonally adjusted initial claims was 353,000, an increase of 4,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 348,000 to 349,000. The 4-week moving average was 366,500, a decrease of 11,500 from the previous week's revised average. This is the lowest level for this average … [More]

Quarterly Trends Update on the Construction, Manufacturing, Retail, and Services Industries

NFIB

The NFIB Research Center released a quarterly Small Business Economic Trends industry report highlighting the construction, manufacturing, retail, and services industries. NFIB’s July Small Business Economic Trends report showed the overall Optimism Index at 99.7. “Small businesses are working hard to recover from the pandemic while still facing strong headwinds,” … [More]

4 Key Aspects of Restaurant and Bar Insurance Coverage

by David DeLorenzo

One of the most important things a bar or restaurant owner will have to manage in their business is their insurance. Intended to help protect owners against a host of issues, proper insurance coverage can truly “make or break” a business. It’s essential to work with a professional, experienced agent who knows the ins and outs of the hospitality industry, as this type of … [More]

Today Is National Women’s Equality Day – A Day to Recognize Equity in the Workplace

University of Phoenix

When University of Phoenix set out to create a suite of professional development courses, designed to provide an efficient and cost-effective path to short-burst higher learning, they chose a collaborator, Freedom Learning Group (FLG), who has made it their mission to help military spouses stay relevant in the workforce while achieving work/life balance. FLG's efforts have … [More]

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