Commercial Real Estate & Business News – July 15, 2024

San Francisco Federal Reserve Bank President Mary Daly said Thursday that she now supports cutting interest rates. “With the information we have received today, which includes data on employment, inflation, [gross domestic product] growth and the outlook for the economy, I see it as likely that some…»

Metro Phoenix continues to exhibit relatively mild inflation, with consumer prices here rising 2.7% over the 12 months through June, the U.S. Bureau of Labor Statistics reported. Nationally, inflation over the past 12 months rose at a 3% pace, kept at bay, in part, by lower gasoline prices.  Only Houston (2.1%) and…»

In the last decade, what was once a sleepy suburb has hosted two Super Bowls, four NASCAR Championship Weekends, a men’s college basketball Final Four, the College Football Playoff National Championship, a Jake Paul fight, two classic UFC events, the Rolling Stones and Taylor Swift — twice. Welcome to the West …»

Scottsdale Quarter is embarking on a redevelopment project that will bring Jeni’s Splendid Ice Creams, Williams Sonoma and more to the luxury outdoor mall. Why it matters: As older Valley malls face demolition, high-end and open-air shopping centers are thriving. The big picture: Scottsdale Quarter is revamping …»

Toll Brothers Inc. has submitted an application to the city of Scottsdale to bring luxury townhomes within the Cavasson development. The project, aptly called Toll at Cavasson, would bring 136 luxury units on an 11.27-acre site to Cavasson, a nearly 135-acre mixed-use development near the northwest…»