Today’s News 8-21-2025
Conflicting economic signals confound policymaking As data from July continues to roll out, the economic picture remains muddled. A softer-than-expected jobs report and large downward revisions for prior months signaled a slower hiring environment than was previously thought. While that raised hopes for a September interest rate cut from the Federal Reserve, a trio of […]
Today’s News 8-20-2025
Developer eyes Buckeye state land for mixed-use project A key chunk of land right next to a rapidly growing shopping corridor at the intersection of Interstate 10 and Verrado Way in Buckeye is going up for auction. Sunbelt Investment Holdings plans to bid in an upcoming auction for about 272 acres of vacant land — […]
Today’s News 8-19-2025
Metro Phoenix housing shortage hits 98,703 America’s housing shortage grew to an all-time high of 4.7 million units, according to a new Zillow® analysis of recently released Census data. This deepening housing deficit remains the prime driver of the nation’s housing affordability crisis. In Metro Phoenix, the housing shortage hit 98,703 in 2023, an analysis […]
Today’s News 8-18-2025
Phoenix’s skyline-changing Astra project pushed back amid financing delay The developer of a $650 million project to build Arizona’s tallest tower won’t break ground in 2025, after all. Originally projected to break ground during the second quarter, the project is getting pushed back to potentially break ground in downtown Phoenix by the back half of […]
Today’s News 8-15-2025
Hotel industry execs present rocky but optimistic outlook for 2025 “On the groups and convention side, our bookings are pacing up double digits, thanks to robust 2026 convention calendar that includes the return of [Conexpo-]Con/Agg. The Las Vegas Convention Center is spending $1.6 billion to renovate its legacy campus and expand the West Hall and […]
Today’s News 8-14-2025
Crescent Communities luxury developer to invest $433M in metro Phoenix Crescent Communities, which has invested $377 million in multifamily development in metro Phoenix since 2007, has plans to double down on its activity in the Valley by investing another $433 million. The Charlotte, North Carolina-based developer has been actively developing in the metro since 2012, […]