Today’s News 9-2-2025

Federal Reserve Governor Christopher J. Waller, who cast one of two dissenting votes at the July meeting of the Federal Open Market Committee, reiterated his support for a reduction in the central bank’s benchmark interest rate. Speaking Thursday evening at the Economic Club of Miami, Waller said, “Since I last spoke on the economy and monetary policy on July 17, economic data have reinforced my view of the outlook and my judgment that the time has come…»

An estimated 506,353 apartments are expected to come online this year. While it’s lower than the over 640,000 units delivered last year, it’s still above the annual totals recorded each year since 2015. Based on Yardi data, RentCafe.com breaks down the top regions and metros for new multifamily construction in 2025. The South, which has seen strong migration trends since before the pandemic, leads with over half the national total. Top destinations…»

Amkor Technology Inc. plans to change sites for its huge West Valley factory — but it’s not moving far. Until now, Tempe-based Amkor has been poised to build its $2 billion semiconductor chip packaging and testing facility in the master-planned community of Vistancia, that attracted growing opposition from area residents along the way. It’s now planning to relocate the plant to a swath of land the city is setting up as the Peoria Innovation Core, following an Arizona…»

Mesa has inked a deal to bring commercial development, including a Sprouts, to 6.6 acres at the northeast corner of Ellsworth and Ray roads in Eastmark. Council last week unanimously approved the development agreement with Common Bond Development Group Mesa LLC for the proposed Eastmarket, which calls for 55,630 square feet of retail, the 23,200-square-foot specialty grocer Sprouts and 278 parking spots– well above the 202 that is required…»

A 200-acre site in southeast Mesa is planned to bring luxury retail and a resort hotel called Legacy Park. Commercial developers Vestar and landowner Pacific Proving LLC are partnering to build a multi-billion-dollar project along Williams Field Road and State Route 24. Southeast Mesa residents have long yearned for high-end dining and retail to land in the area. Over the past year, the city has reprioritized its focus on retail recruitment…»