Commercial Real Estate & Business News – November 2, 2023

The Federal Reserve announced Wednesday that it won’t raise the federal funds rate for now, keeping the base rate at 5.25% to 5.5%. Speaking at a press conference after the announcement, Federal Reserve Chair Jerome Powell left open the door to…»

The clean energy plan initiated when the Inflation Reduction Act (IRA) was signed into law nearly 15 months ago is turbocharging our clean energy economy and revitalizing communities across the country. Arizona is becoming a battery manufacturing powerhouse,…»

Two West Valley cities had the highest population growth in the country measured by percentage gains, from 2017 to 2022, according to a report by SmartAsset. The study, released earlier this month, examined 344 U.S. cities with a population of 100,000 or more in…»

Dominium will soon break ground on Estrella Springs and Suncrest Vista at Canyon Trails, two adjacent affordable communities totaling 657 units in Goodyear, Ariz. The latter will also be age-restricted. The 396-unit Estrella Springs and the 261-unit Suncrest Vista at Canyon Trails will…»

Despite a slight third-quarter rise, U.S. office leasing has settled into a pattern of fewer deals. And when those deals do occur, CoStar data shows, the agreements are for smaller spaces. That’s a stark contrast to the market prior to the onset of the pandemic in the…»