Biden administration turns to developers to help ease U.S. housing crisis The White House kicked off a multiagency push on Friday to help finance real-estate developers convert more office buildings in big cities emptied by the pandemic into affordable housing, taking aim at the nation’s housing crisis. The initiative…»

Rising consumer spending helped U.S. gross domestic product jump 4.9% on an annual basis in the third quarter, leading some analysts to downplay talk of an imminent recession even as some remained skeptical of whether such growth can be maintained in the long run. The Commerce Department’s…»

Grocery stores and fitness centers are helping drive the Valley’s retail real estate market to a point where it is the most competitive it has ever been. A newly released report on Phoenix’s retail market from the third quarter of 2023 by commercial real estate firm Avison Young, shows that the…»

Metro Phoenix’s housing market has likely peaked for the year. The Valley’s median home price dipped in September as interest rates climbed. Prices are poised to tick back up to around August’s level during October. But don’t expect a surge in home appreciation or sales during the rest of this year. Higher…»

The site of a once-popular Italian restaurant at the northwest corner of Power and Williams Field roads will soon be home to a mixed-used project with 628 apartment units. Town Council last week unanimously approved the minor General Plan amendment, rezone and annexation of 74.45 acres for the…»