Commercial Real Estate & Business News – December 14, 2022

The consensus agrees: The Federal Reserve will again raise interest rates on Wednesday. Following four consecutive meetings that resulted in a jump of three-quarters of a percentage point, the anticipation for this event is a smaller rate hike than…»

Consumer prices rose less than expected in November, providing the latest sign that runaway inflation is beginning to loosen its grip. The consumer price index rose 0.1% in November from a month ago and 7.1% year-over-year, the…»

The world population recently passed 8 billion, just 11 years after reaching 7 billion. But across the globe, more countries are experiencing slowing or declining rates of population growth. The U.S. is no exception. But not Phoenix, where…»

The city of Phoenix is considering a development agreement for what the city says could be one of the first large-scale office announcements in the U.S. since the Covid-19 pandemic. The new development is expected to include a 32-acre office campus with a…»

Arizona received a massive jolt of good economic news to end 2022, with the Dec. 6 announcement that Taiwan Semiconductor Manufacturing Co. would triple its investment and invest nearly $40 billion in the Grand Canyon State…»