Commercial Real Estate & Business News – January 29, 2025

Anyone thinking the Federal Reserve would cut the federal funds rate during this week’s meeting shouldn’t hold their breath. That means President Donald Trump is likely to be disappointed as he pushes for immediate rate cuts. In fact, an increasing number of Wall Street analysts are…»

Years of high interest rates have taken their toll on 1031 exchange transactions, deals popular in commercial real estate because they let investors defer capital gains taxes when selling a property to buy a similar oneThese transactions, named for the corresponding 1031 section…»

Today, Nestlé USA announced the grand opening of its new beverage factory and distribution center in Glendale, Arizona. The new facility will produce creamers for several of Nestlé’s go-to brands, including Coffee mate®, natural bliss® and Starbucks®, and has the ability to extend to…»

The fate of a historic warehouse next to the Footprint Center in downtown Phoenix is up in the air following a foreclosure sale of the property. That warehouse at 39 E. Jackson St. was going to be incorporated into a 25-story Fairmont hotel and residences tower with five restaurants…»

Phoenix is at the top of its game. As evidenced by the Business Journal’s sprawling list of projects to watch in the Valley in 2025, the region continues to rank among the top markets for bu