Commercial Real Estate & Business News – July 28, 2023

WASHINGTON, July 26 (Reuters) – U.S. Federal Reserve Chair Jerome Powell said on Wednesday the central bank’s staff no longer forecasts a U.S. recession, and “we do have a shot” for inflation to return to target without high levels of job losses. Powell told a news conference after…»

At the Federal Reserve Open Markets Committee’s meeting on Wednesday, the central bank announced its 11th rate hike since March 2022. The step raises the federal funds rate 25 basis points, to a range of between 5.25 percent and 5.5 percent. The widely expected move follows last…»

Leading Western and Central U.S. industrial real estate investor, developer and asset manager, CapRock Partners, today announced the completion of Phase I of CapRock West 202 Logistics, a new leading-edge speculative industrial development in the Southwest Phoenix submarket. Delivery of…»

Another developer, more promises of grandeur. The title of a new Old Town/Entertainment District project says it all: City Center at Scottsdale Collection. If it sounds like a museum or gallery, that’s probably intentional. According to its initial submission to the city, this mixed-use…»

​Albert Einstein once said, “Imagination is everything. It is the preview of life’s coming attractions.” One thing the West Valley does not lack is imagination for what’s to come. As one of the fastest-growing regions in Arizona and the country, West Valley economic leaders and planners have been…»