DAILY TOP 5

A plan by nonprofit Chicanos Por La Causa to transform a downtown Mesa corner – and remove a grim reminder of an eminent domain debacle – is back on track after a three-year delay. Mesa City Council on March 20 approved a

The state of Arizona has opened a new trade and investment office in Taipei, Taiwan, to further boost economic opportunities between the two regions. The new office will be part of the ACA and will serve as a platform to increase

The Metro Phoenix housing market  has heavily favored home sellers since the start of the decade as more people moved to Arizona and the pandemic scrambled the status quo. The S&P CoreLogic Case-Shiller Index’s most recent release shows that

The waves of the 37-acre, $280 million Cannon Beach retail and entertainment complex anchored by a surfing lagoon in southeast Mesa are taking longer to reach the shore than expected. That’s creating suspense for city leaders eager to

The U.S. remains a preferred global destination for commercial real estate investment with allocations up 6% from 2022, compared to a 5% decline in European investment, according to AFIRE’s International Investor Survey: Q1 2023 Pulse Report.

With the interest rate ticking up to a 15-year high, many Marketplaces Industry watchers fear a looming wave of commercial property mortgage maturations. If borrowers default or fail to make payments as their loans mature, that could

LG Energy Solution today announced it will invest approximately $5.5 billion to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities – one for

After eight years of pushing through the entitlement process in Pinal County, a motorsports park finally opened its doors to car manufacturers and race enthusiasts in December 2021 with a 2.3-mile asphalt course south of Phoenix in Casa Grande.

A new West Valley construction project valued at $120 million broke ground Friday. Called Centerline at Glendale, the development will eventually offer more than 350 affordable housing units, according to Jacqueline Edwards, director of

The Federal Reserve’s 25-basis-point increase in the federal funds rate on Wednesday was widely expected; now the question is where the Fed—and the market—goes from here. Among commercial real estate economists and finance experts, the

In a move that was not without its fair share of controversy, the Federal Reserve has unanimously elected to further raise interest rates by 25 basis points in March, bringing the current federal funds rate to a range of 4.75 to 5 percent. The hike was

Chicago-based LG Group has started construction on what will be one of the largest residential towers in downtown Phoenix once completed. The new 28-story tower will total 1.4 million square feet with 747 units and nearly

The housing market is stabilizing in 2023, not crashing. Here are five reasons we won’t see a housing market crash soon. It’s been a housing market roller coaster the past few years with no shortage of news about record-high prices

Among the many ramifications of UBS‘s planned 3 billion Swiss franc ($3.25 billion) acquisition of Credit Suisse is the marriage of the two largest Swiss banks’ real estate debt books and asset management platforms. UBS will acquire

The Federal Reserve Board on Wednesday said its Federal Open Market Committee (FOMC) will raise the target range for the federal funds rate to a range of 4.75% to 5%. The increase marks the Fed’s second consecutive rate hike of

The European Renaissance of the 14th through 17th centuries was a time of rediscovery and rebirth, ushering in some of the most memorable works — from the printing press and microscope to the

Federal Reserve Chair Jerome Powell assured the country Wednesday that the central bank’s actions in recent weeks “demonstrate that all depositor savings in the banking system are safe.” Powell was speaking at a press conference following the

Arizona home prices rose 6.3% between the fourth quarter of 2021 and fourth quarter of 2022. This was below the U.S. price gain of 8.4% for the same time period and well below price gains of the previous year. Back in the fourth quarter of 2021

With a special election looming to create an Arizona Coyotes arena and entertainment district in Tempe, a grassroots group is amping up its opposition to a more than $2 billion development deal with the NHL team’s owner. In an at-times

Scottsdale-based developer Empire Group has finally landed some new commercial users for the remaining portion of a large site near Glendale’s sports and entertainment district. After years of marketing the 66-acre property — west of the

Metro Phoenix is a bona fide semiconductor hotspot, with two of the biggest expansion projects anywhere in the country for manufacturing the tiny brains that power and control almost anything that runs on electricity. The headlines are dominated by

PHOENIX — Home builder Brookfield Residential announced last week the opening of two neighborhoods in Avondale at the master-planned community of Alamar. The 1,150-acre community is debuting the

Ahead of a March 22 meeting of the Federal Reserve, the U.S. experienced its second- and third-largest bank failures in history, with the collapse of Silicon Valley Bank and New York-based Signature Bank, respectively. Despite being

Banner Health is finalizing the purchase of +/- 48 acres of land on the southwest corner of Hayden Rd. and the Loop 101 freeway to build Banner Scottsdale Medical Center, a new, comprehensive medical center and support services in the