The NFIB Small Business Optimism Index dropped 3.6 points in June to 89.5, marking the sixth consecutive month below the 48-year average of 98. Small business owners expecting better business conditions over the next six months decreased seven points to a net negative 61%, the lowest level recorded in the 48-year survey. Expectations for better conditions have worsened every … [More]
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Midyear Report Reveals Latest Construction Trends in North American Cities
inbusinessPHX.com
International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its midyear Quarterly Cost Report, providing an on-the-ground picture of construction activity in 14 key North American markets and data-driven insights into the industry for the second quarter of 2022. Like many industries right now, the construction industry is facing a … [More]
Housing Markets in the West Cooling Quickly, Including Phoenix
inbusinessPHX.com
Five of the 10 U.S. housing markets that have cooled fastest this year are in northern California–San Jose, Oakland, San Francisco, Sacramento and Stockton–and three of those five are in the Bay Area. All 10 of the housing markets cooling fastest are in the American West. The cooldown is largely because mortgage rates nearly doubled in the first half of the year, reaching … [More]
Arizona Moves Past $4 Billion in All-Time Sports Wagering Handle
by Chris Altruda
Arizona continued its impressive first full year of legalized sports wagering, becoming the 11th state to surpass $4 billion in overall bets after the state’s Department of Gaming reported nearly $513 million in handle for the month of April. The Copper State reached the milestone in just eight months and has cleared $500 million handle in three of the first four months of … [More]
Trending: Fashion Sustainability in Arizona
inbusinessPHX.com
For decades, the global fashion industry has been plagued by inefficient and wasteful processes. A few Arizona fashion reformers are working to change that. In 2016, Angela Johnson, an eco-friendly clothing designer, and Sherri Barry, a former design entrepreneur and executive, founded FABRIC, a non-profit fashion incubator to create a reliable resource for emerging … [More]
California Firm Acquires Metro Phoenix Industrial Park for $38 Million
inbusinessPHX.com
Newport Beach, CA-based BKM Capital Partners, a vertically integrated institutional fund manager, acquired Mesa Ridge Business Park in Metro Phoenix for $38,350,000. The 153,000-square-foot light industrial park includes seven buildings in North Mesa and was sold by Mesa Ridge Business Park I, LLC, a company formed by Randall Investment Group, Michael Wilson, and Eric … [More]
3 Real Estate Investment Tips for High Passive Income
inbusinessPHX.com
Real estate has unique benefits thanks to its ability to use leverage and the opportunity for passive income to grow over time. While you certainly need some capital upfront to get to the $50,000 mark, here are three simple ways you can do it. A luxury real estate agent with RETSY can dive into tips like: · Buy a long-term rental property: You can raise rents to match … [More]
Are You in Fear of Failure? How a Shift in Mindset Can Change That
inbusinessPHX.com
As a teenager, Steven Spielberg longed to attend one of the prestigious film schools at UCLA or USC, where he hoped to create the foundation for a future career as a movie director. Unfortunately for Spielberg, these top-flight universities saw only poor high school grades and no potential, so they rejected him – multiple times. As a backup plan, he enrolled at California … [More]
Stressed Out Financially? 3 Tips to Reduce the Worries
by John L. Savarino
A perfect storm of world events is understandably triggering financial stress in the vast majority of Americans. In a recent survey by the American Psychological Association, more than 80% of U.S. adults said they were feeling increased financial stress due to: Higher inflation (87%) Ongoing supply chain issues caused by the pandemic (81%) Global uncertainty due to … [More]
How Taking a Self-Inventory of Your Health Could Save Your Life
inbusinessPHX.com
A recent WebMD survey found that many adult Americans know astonishingly little about their own health. For example, 39 percent were flummoxed when asked if they knew their blood type. Only about one-third said they know a lot about their family’s health history, and a quarter said they know little or none of it. That’s concerning because the more that people know about … [More]
