Chemical supplier breaks ground on $120 million phase of manufacturing campus in Casa Grande
A Taiwanese semiconductor industry supplier recently broke ground on the first phase of a multimillion dollar ultrapure chemical manufacturing campus in Casa Grande. KPPC Advanced Chemicals Inc., a U.S. subsidiary of the Kanto Group, began construction Dec. 19 on the first phase of its manufacturing campus at the Sonoran Valley Industrial Park. The first phase of the project represents…»
U.S. economic growth robust in Q3 before government shutdown
The U.S. economy expanded at a strong clip in the third quarter, just before the federal government shutdown likely derailed growth and hiring. Gross domestic product increased at a 4.3% annualized rate last quarter, the Commerce Department said Tuesday, Dec. 23. The reading is the first estimate of third-quarter GDP, and was delayed by the shutdown. GDP estimates are revised as additional data…»
Affordable Housing Faces Rising Wave of Loan Maturities, Not a Cliff
Debt maturities in the U.S. affordable housing sector are set to climb steadily over the next decade, but a new Berkadia report drawing on Yardi Matrix data suggests the wall of expirations is more likely to test the system’s resilience than trigger a broad wave of distress. The findings point to rising refinancing risk in select metros and under certain capital structures, even as the combination…»
Office Report: Construction Falls to Historic Lows, Pricing Reaches Bottom
Office fundamentals remain challenged despite modest improvement in vacancy, according to the latest Yardi Matrix national office report. Physical occupancy failed to increase, demand stayed weak, and employment across office-using sectors remained flat. Loan maturities are also adding pressure, with roughly half of outstanding office debt set to mature in the coming years, much of it originated…»
Salesforce: Global online holiday sales top $1T by mid-December; U.S. sales up 4%
With a week left until Christmas Day, holiday sales are trending upward from last year. New analysis from Salesforce indicates that during the first 45 days of the 2025 holiday season (Nov. 1 and Dec. 15), global online sales have risen 7% year over year, reaching a total of $1.033 trillion from $849 billion. In the U.S., online sales are up 4% year over year to $238 billion. While average selling price has increased…»