Commercial Real Estate & Business News – March 20, 2025
Live updates: Fed leaves interest rates unchanged, but forecasts future cuts The Federal Reserve took a wait-and-see approach to an uncertain US economy Wednesday, opting to leave interest rates unchanged at the close of its March meeting. That decision leaves the benchmark federal funds rate parked at a range of 4.25% to 4.5%, where it […]
Commercial Real Estate & Business News – March 19, 2025
Multifamily Construction Sees Mixed Numbers for February Overall housing starts increased 11.2% in February to a seasonally adjusted annual rate of 1.50 million units, the U.S. Department of Housing and Urban Development and the U.S. Census Bureau said Tuesday. With single-family starts reaching their highest annualized rate in a year, the multifamily sector increased…» US […]
Commercial Real Estate & Business News – March 18, 2025
U.S. Retail Sales Tick Upward in February Following January Decline U.S. retail sales rose 0.2% in February following a downwardly revised 1.2% decline in January, the Census Bureau said Monday. The January decline represented the biggest monthly drop since November 2022. February’s increase came in below the Dow Jones estimate of 0.6%, CNBC reported. Excluding…» […]
Commercial Real Estate & Business News – March 17, 2025
Huge changes on tap for Scottsdale’s CrackerJax site as $1B redevelopment takes shape The first phase of a $1 billion project to redevelop a shuttered Scottsdale theme park will include restaurants, shopping, housing and a central park space.The Parque, a project to redevelop the former CrackerJax site at Scottsdale Road and Tierra Buena Lane was […]
Commercial Real Estate & Business News – March 14, 2025
TSMC’s $165 billion play in Arizona may be a hedge against the next big war | Opinion We’re just beginning to understand what it means that one of the world’s most powerful companies is planning the largest foreign direct investment in U.S. history here in metro Phoenix. TSMC (Taiwan Semiconductor Manufacturing Company) is making a […]
Commercial Real Estate & Business News – March 13, 2025
Will a Recession Lower Interest Rates? What It Means for Housing Market Wall Street is on edge as concerns about an impending recession continue to grow, fueled by market volatility, new trade tariffs imposed by the Trump administration, and fears that a slowdown could force the Federal Reserve to cut interest rates. Investors are closely […]