Commercial Real Estate & Business News – March 19, 2025
Multifamily Construction Sees Mixed Numbers for February Overall housing starts increased 11.2% in February to a seasonally adjusted annual rate of 1.50 million units, the U.S. Department of Housing and Urban Development and the U.S. Census Bureau said Tuesday. With single-family starts reaching their highest annualized rate in a year, the multifamily sector increased…» US […]
Commercial Real Estate & Business News – March 18, 2025
U.S. Retail Sales Tick Upward in February Following January Decline U.S. retail sales rose 0.2% in February following a downwardly revised 1.2% decline in January, the Census Bureau said Monday. The January decline represented the biggest monthly drop since November 2022. February’s increase came in below the Dow Jones estimate of 0.6%, CNBC reported. Excluding…» […]
Commercial Real Estate & Business News – March 17, 2025
Huge changes on tap for Scottsdale’s CrackerJax site as $1B redevelopment takes shape The first phase of a $1 billion project to redevelop a shuttered Scottsdale theme park will include restaurants, shopping, housing and a central park space.The Parque, a project to redevelop the former CrackerJax site at Scottsdale Road and Tierra Buena Lane was […]
Commercial Real Estate & Business News – March 14, 2025
TSMC’s $165 billion play in Arizona may be a hedge against the next big war | Opinion We’re just beginning to understand what it means that one of the world’s most powerful companies is planning the largest foreign direct investment in U.S. history here in metro Phoenix. TSMC (Taiwan Semiconductor Manufacturing Company) is making a […]
Commercial Real Estate & Business News – March 13, 2025
Will a Recession Lower Interest Rates? What It Means for Housing Market Wall Street is on edge as concerns about an impending recession continue to grow, fueled by market volatility, new trade tariffs imposed by the Trump administration, and fears that a slowdown could force the Federal Reserve to cut interest rates. Investors are closely […]
Commercial Real Estate & Business News – March 12, 2025
Long-dead downtown Mesa site approaches a resurrection A proposal to bring 1,000 residential units and up to 50,000 square feet of retail to city-owned land in downtown Mesa will likely get the council’s green light. The 25-acre site on the southwest corner of Mesa and University drives has sat dormant for decades after numerous failed…» […]