Commercial Real Estate & Business News – October 30, 2024
Federal Reserve to cut rates by 25 basis points at next two meetings: Reuters poll BENGALURU, Oct 29 (Reuters) – The U.S. Federal Reserve will cut its key interest rate by 25 basis points on Nov. 7, according to all 111 economists in a Reuters poll, with more than a 90% majority predicting another quarter-percentage-point […]
Commercial Real Estate & Business News – October 29, 2024
2,400 undeveloped acres surrounding TSMC in Phoenix could be a ‘city within a city’ The 2,400 acres surrounding Taiwan Semiconductor Manufacturing Co.’s massive manufacturing plant in north Phoenix now have a name, and the massive site offers the chance to build a “city within a city,” developers said. The site, now called “Halo Vista,” could […]
Commercial Real Estate & Business News – October 25, 2024
Why Amazon opened three large warehouses in Phoenix market A thundering roar of jets accompanied the opening of Amazon’s newest warehouse on Oct. 23 in metro Phoenix, just minutes away from Luke Air Force Base in the Glendale area. The 1 million square-foot building, located at 15301 W. Northern Ave., is one of three that […]
Commercial Real Estate & Business News – October 24, 2024
Giants of Retail and What Makes Them Thrive Three of the most popular retailers in the country, Walmart, Target and Costco each call upon distinct strengths and strategies that cater to their unique customer bases, allowing them to thrive in a highly competitive market, according to a new Placer.ai white paper. Titled Retail Giants in…» […]
Commercial Real Estate & Business News – October 23, 2024
Multifamily Financing and Sales Volume Indexes Reach Highest Levels Since 2022 There are encouraging indications that prospects for multifamily deals are looking up, according to the National Multifamily Housing Council’s survey of market conditions. Indexes of sales volumes, equity financing and debt financing all reached their highest levels since April 2022. However, the market…» NMHC […]
Commercial Real Estate & Business News – October 22, 2024
Amazon buys massive Valley site for potential data center Seattle-based Amazon.com Inc. (Nasdaq: AMZN) has bought a 220-acre site in Laveen for a potential data center campus in Phoenix. Amazon acquired the site for $277 million in cash through its subsidiary Amazon Data Services, according to land records and Tempe…» West Valley dominates metro Phoenix […]