Commercial Real Estate & Business News – January 16, 2025

Consumer price index data for December showed that core price pressures eased more than expected. The S&P 500 powered higher as Wall Street weighed the CPI’s implications for Federal Reserve policy as well as positive earnings reports from Dow Jones giants JPMorgan Chase (JPM) and Goldman Sachs (GS)…»

On Aug. 28, Tract, a developer of master-planned data center parks, announced its acquisition of a 2,069-acre parcel in Buckeye for $136 million. The company plans to transform the site into a $20 billion data center park by building up to 20 million square feet of data center space across as…»

Not only is the weather hot in Dallas and Phoenix, but the two desert markets top the nation’s ranking for industrial construction hot spots. In 2024, Dallas-Fort Worth and Phoenix saw a combined 78.3 million square feet of net new industrial space, the most and second most in the United States…»

The Phoenix Business Journal, in partnership with BeachFleischman, hosted a panel of construction industry leaders on Nov. 1 to discuss the commercial construction outlook for 2025. Panelists included Bryan S. Eto, CPA and construction practice leader at BeachFleischman…»

Even as consumers emphasized price, 2024 saw the rise of a variety of retail and dining trends, some seemingly at odds with one another, Placer.ai says in a new white paper. For example, even as shoppers curbed discretionary spending, they made room in their budgets for “essential non…»