Today’s News 8-25-2025

Eight cities in metro Phoenix are among the top 10 municipalities nationwide with the strongest economic growth. An Aug. 20 study released by Coworking Cafe shows the Valley saw an incomparable surge in economic growth between 2019 and 2023, with eight locations in the top 10 across three population sizes. During that time, the metro had a 25.8% increase in roadway miles, GDP grew…»

Federal Reserve Chairman Jerome Powell hinted Friday that the central bank may cut interest rates in September — a shift that could give the housing market a much-needed boost. At a symposium in Jackson Hole, Wyoming, Powell warned of persistent inflation and said the labor market could weaken further. “The balance of risks appears to be shifting,” Powell said. “While the labor market appears…»

Commercial property sales in the $5 million to $25 million range are showing resilience in 2025, and one sector in particular is defying expectations. According to Green Street’s latest analysis, overall deal volume in this price bracket rose 3.5% in the first half of the year, climbing from $43.7 billion in 2024 to $45.24 billion. But it was office…»

What looked like an alarming trend of rising Arizona layoff announcements has eased considerably over the past month. Two statewide employers reported layoffs totaling more than 100 people over the 31 days through Aug. 17, down from seven large-scale layoff announcements over the previous 30 days. But the larger of the two announcements, a cut of 1,467 positions by Southwest…»

Another prominent Valley office building has traded hands. Arizona real estate investor David McHenry has closed on the purchase of a two-story property at 8700 S. Price Road for $7.26 million, according to an Aug. 20 announcement. The 132,000-square-foot building, which was once home to Arizona tech giant Avnet Inc., is located within the tech-focused,…»