Commercial Real Estate & Business News – April 8, 2024

At the Federal Reserve, representatives say one thing and another. But the loudest voice is data, and it’s currently murmuring that rate cuts will be a long way off — and possibly not be the three reductions the Fed is currently promising. The Fed always brings up the dual mandates…»

The popular discount brand the 99 Cents Only Store announced on April 4 that it would be closing all of its existing 371 locations nationwide. The company said that it would begin preparations to close its doors permanently. The closures will include about 39 locations in…»

In the early 2000s, Buckeye was a quiet community on the outskirts of the bustling Phoenix metropolitan area with a population of 6,537. Fast forward to today, and Buckeye has transformed into the West Valley’s boom town with an impressive 114,000 residents. Recognized…»

A public auction date has been set for the land in north Phoenix where the Arizona Coyotes want to build a new arena. The Arizona State Land Department announced it will hold a state trust land auction on June 27 for the more than 110 acres at the northwest corner of the…»

When Phoenix Suns and Phoenix Mercury owner Mat Ishbia bought the teams in early 2023, the organization wasn’t known for having a great workplace culture. An in-depth report from the NBA found that the team’s former owner, Robert Sarver, had engaged in acts of racism…»