Commercial Real Estate & Business News – July 28, 2022

The Federal Reserve’s policy-setting committee decided unanimously to boost its target interest rate by 75 basis points, or three-quarters of a percentage point, the second time in as many meetings it has raised rates of that magnitude, marking an…»

Boutique commercial real estate company IndiCap continues its formidable metro Phoenix industrial development push with the announcement of Virgin Industrial Park, which it will develop in partnership with Invesco. At build-out, the two-phase, 110-acre Class A…»

Starting next month, retail tenants at Epicenter at Agritopia, a high-end mixed-use development in Gilbert near Ray and Higley roads, will start opening, and the majority of them should be operational before the end of the year. The long-awaited mixed-use project, which is…»

The Senate voted Wednesday to pass a bill aimed at stimulating American semiconductor chip production, a major priority of Sen. Mark Kelly who said it would help keep prices lower for consumers.”It means lower costs for everyday products that depend on…»

As the commercial real estate industry assesses the impact of today’s 75 basis-point interest-rate increase by the Federal Reserve, experts are offering varied predictions on how the series of hikes will affect investment and the capital markets. Wednesday’s hike, the second…»