Commercial Real Estate & Business News – December 15, 2022

Federal Reserve Announces Slower Pace of Interest Rate Hikes as Inflation Cools

Amid signs that price growth in the U.S. economy is rapidly cooling, the Federal Reserve announced Wednesday it was slowing the pace of its rate-hiking program designed to tackle inflation — but that more hikes were still on the table…»

3 Things to Know About Increasing Rent Prices in Metro Phoenix

Rent prices have been soaring, especially in popular cities like Tempe, Arizona. According to Bloomberg, the average rent for a one-bedroom in Tempe was $1,703 in June, a 48.3% increase from 2021. Renting can provide…»

Reboot of Former Big Surf Wave Park as Tempe Industrial Park Moves Forward

Nearly 700,000 square feet of new industrial buildings are a step closer to being built in the East Valley at the former home of wave pools, beach volleyball and ice skating. According to plans submitted to the city of Tempe, California-based…»

Latest Consumer Price Index Report Suggests U.S. no Longer Heading Into Recession

The latest consumer price index report shows spending shifted last month. As prices decreased at the gas pump, there were still increases in produce and other grocery items. But the index for urban area consumers rose just…»

Fed’s 50 Bps Rate Hike Could Trigger Falling Mortgage Rates

After inflation slowed more rapidly than expected in November, the Federal Reserve raised the federal funds rate by 50 basis points on Wednesday to 4.25%-4.50%, a smaller interest rate hike than the 75 bps per meeting the Fed policymakers have…»