Today’s News 9-18-2025

Land buys in the West Valley represented 53% of all land transactions across metro Phoenix, representing $3.234 billion in sales over the past 12 months, according to a new study by Land Advisors Organization. The East Valley represented 33% of land transactions totaling $2.03 billion, while Pinal County took 14%, representing $829 million, according to the firm’s research. Breaking out land transaction volume by category, 47% of the land…»

A weakening labor market is making consumers increasingly worried about their continued employment prospects, while higher prices are making it more difficult for some to make ends meet, adding to crumbling sentiment and threatening their ability to weather leaner times. A handful of recent surveys reveals the growing unease, after the release last week of revisions to payroll growth that wiped away more than half of the jobs initially estimated…»

The Federal Reserve cut its benchmark interest rate by 25 basis points Wednesday. The widely expected move was the first bit of relief the Fed offered to borrowers this year. It comes amid signs of a softening economy that has left the central bank grappling with both sides of its dual mandate of maintaining maximum employment and price stability. All but one member of the Federal Open Markets Committee voted in favor of Wednesday’s decision…»

Taiwan Semiconductor Manufacturing Co.’s plans to expand in north Phoenix could give the technology giant a footprint of more than three square miles. The chipmaker signed on to a zoning application for 6,400 acres of land south of Loop 303 at Interstate 17, directly south of where the company is already building its massive campus. TSMC would specifically be eyeing the roughly 900-acre “innovation corridor” in the proposed…»

A site formerly slated for a courthouse in Glendale has a developer signed on to repurpose the property for a new retail center. Roughly 16 years ago, the city of Glendale prepared a site at the southwest corner of 47th and Glendale Avenues for a new courthouse, with an underground parking garage constructed first. Then the 2008 recession hit, and the project was abandoned. Years later, the garage was found structurally unsound…»