Commercial Real Estate & Business News 7-9-2025

It might not be a big hit with most Americans, but the “big, beautiful bill” that squeaked through the Senate Tuesday includes a number of perks the real estate industry has lobbied hard for. The budget reconciliation bill — which would extend tax cuts enacted in 2017 and cut spending on programs like Medicaid, among other things — is headed back to the House for final approval…»

New developments and projects continue to sprout all over Maricopa County — a result of the rapid and sprawling growth of metro Phoenix. With the Valley continuing to expand, much more infrastructure is needed, as are grocery stores, gas stations and most certainly housing. But with much of Phoenix built out, developers are finding ways to repurpose old sites while…»

Location: Southwest corner of West Queen Creek Road and South Arizona Avenue in south Chandler. Description: Modera Chandler will be a garden-style community featuring 345 apartment homes and a modern farmhouse-style aesthetic. The complex will include seven three-story residential buildings and offer one-, two- and three-bedroom homes with private…»

A major Pinal County solar project has started commercial operation. Box Canyon, a 300-megawatt utility-scale solar project, is now supplying the Southwest Public Power Agency, Inc. — a joint action agency authorized by state law to manage and pool power resources — the project’s operators said in a June 24 announcement. The project is backed by a joint venture…»

One of the most stressful parts of buying or refinancing a home is locking in a mortgage rate. Home loan rates vary depending on various factors, including your credit score, down payment size, and — this is a big one — where you live. At the time of publication, the national average 30-year fixed-rate mortgage sits at 6.81%, according to Zillow. That figure could be slightly…»