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The Federal Reserve announced today that it will not raise the interest rate, staying the course amid a disappointing earnings cycle and a post-Brexit landscape. Central bank officials were meeting this week for the first time since Britain jostled the markets by voting to pull out of membership in the European Union…»
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CMBS loan delinquencies have ticked higher in recent months and experts are predicting a more volatile stretch for the second half of the year as more large loans mature…»
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Developers Unveil New Plans, Bring in Artists for Circles Records Redevelopment
The development group looking to bring a new 19-story apartment tower to the old Circles Records building in downtown Phoenix has unveiled new plans aimed at easing opposition from preservationists worried about the future of a property first built in 1946…»
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A Starwood-brand hotel could soon join the growing list of tenants at south Scottsdale’s SkySong development, where a mix of mid-rise office towers, apartments and restaurants are rising around the complex’s iconic tent-like canopy. Arizona State University Foundation officials in early July told city leaders they’ve landed a hotel for the mixed-use project…»
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A new Class A office building was recently completed by developer SAXA. The Scottsdale, Ariz.-based developer worked with LGE Design Build on project known as Bahia 101, the first project of its kind completed in the Scottsdale Airpark since 2009…»
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