TSMC, Pulte Homes face pushback as 7,000-acre NorthPark project moves forward
Dozens of north Phoenix community members packed a village planning committee meeting Thursday night and spoke out against a massive mixed-use development planned near Taiwan Semiconductor Manufacturing Co.’s expanding complex. The development, named NorthPark, is spearheaded by Pulte Homes and TSMC at the southwest corner of I-17 and Loop 303. The North Gateway Village Planning Committee unanimously voted to recommend approving the multiple rezoning…»
Luxury and upper-upscale hotels face diverging paths across southern states
Luxury and upper-upscale hotels across the southern United States entered fall with mixed fortunes. Through September, revenue per available room, or RevPAR, trends reveal a bifurcated landscape, with some cities thriving on strong average daily rate growth, while others struggle under occupancy pressure. Regionally, RevPAR gains outpaced the national average, with top performers such as Chattanooga increasing by 11.3% over the 12-month average, Knoxville by 8.7% and…»
Teravalis opens massive Buckeye master-planned community
Christmas came early for the stakeholders of Buckeye master-planned community, Teravalis. They celebrated the ceremonial ribbon cutting and grand opening during a private ceremony on Nov. 14. Buckeye Mayor Eric Orsborn said he is thrilled about the opening and partnering with JDM Partners and Howard Hughes Holdings. “They’re the largest master plan developer in the country,” he said. “You look at their projects that exist and it doesn’t get much better.” Gov. Katie Hobbs…»
Fed’s December Rate Cut Odds Fade as Data Gaps Cloud Outlook
Investor confidence in a Federal Reserve rate cut at the December meeting is fading fast, as policymakers signal a growing divide over whether resilient economic activity still warrants further easing. According to CME Group’s FedWatch tool, what had been a roughly two-to-one likelihood of a cut has now shifted to a narrower 44.4% chance versus 55.6% odds for holding steady. The futures market for Fed funds, often unreliable when projecting well in advance, tends to sharpen its focus as…»
Preliminary site work has begun on Arizona State University Health’s new headquarters in downtown Phoenix. McCarthy Building Cos. is the general contractor and CO Architects and DFDG Architecture are the architects for the 200,000-square-foot building. The project team also includes Meyer Borgman Johnson, providing structural engineering; Spectrum Engineers, handling MEP engineering; Dibble Engineers, providing civil engineering; TrueForm Landscape Architecture…»