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Commercial Real Estate & Business News – April 18, 2024

26-Story Art-Focused Downtown Phoenix Apartment Tower Begins Construction

A 26-story apartment tower is beginning construction in downtown Phoenix, the latest project for a New York-based development firm with a focus on art and architecture. The project, called Ray Phoenix, is a joint venture between development firm Ray and VeLa Development...»

Phoenix, Dallas See Shrinking Lead in Industrial Construction

Phoenix surpassed Dallas-Fort Worth early this year as the nation’s leader in industrial construction, and this lead is holding firm going into the second quarter, even after several months of slow construction starts and high levels of completions in both markets. With some of the…»

Metro Phoenix Ranks No. 4 For Year-Over-Year Population Growth

Cushman & Wakefield’s analysis of the U.S. Census Bureau’s latest data highlights key trends affecting commercial real estate with some notable surprises and new patterns emerging. Of note, the Phoenix-Mesa-Chandler Metro ranked No. 14 of every major market (population…»

Does Arizona Have an Aldi Store? Your Guide to The Affordable Grocery Store

When a carton of a dozen eggs, which is a staple in most Arizonan’s refrigerators, can cost up to six dollars at the grocery store, many people are eager to make the switch to a more affordable option. For more and more Arizona residents, Aldi is that option. The grocery store chain…»

The Fed May Have Pumped So Much Money Into The Economy That It’s Now Taking Way Longer to Cut Rates

US Fed chair Jerome Powell has signaled a delay in expected interest rate cuts. He said the Fed needs more time to be confident that its fight against inflation is working. An analyst suggests excess money, a result of pandemic-era policies, may be drained from the economy this year…»