What big developments are coming to metro Phoenix in 2026?
As long as I’ve lived in Phoenix, it’s been growing. Not just growing. People use words like “explosive growth” to describe the rapid expansion of buildings, communities and whatever else you can build. And I’ve lived here for more than 35 years. I’m beginning to think it may not change anytime soon. Truly, the Valley is the real-life example, and a slight corruption, of the line in “Field of Dreams” ― if you build it, they will come. And keep coming…»
How data centers, innovation, housing pressures will impact construction in 2026
Brad Wright, president of Kovach, has never been busier, and it’s easy to understand why. As a leading designer, manufacturer and installer of commercial building enclosures, Kovach is spearheading numerous projects across the Valley, including Taiwan Semiconductor Manufacturing Company (TSMC). Kovach’s projects — including TSMC, Intel, the Phoenix Mercury Training Facility and Center for Advanced Molecular and Immunological Therapies (CAMI) in…»
Five economic signals to watch that will set the business tone for 2026
Throughout most of 2025, economic conditions felt like operating through fog and low visibility; market signals were present, but rarely sharp. Companies, investors and households navigated with restraint as hiring slowed, financing tightened and global negotiations dragged on. Strength appeared in some pockets, uncertainty in others. Now, that mist is beginning to clear. Early indications point to five considerations that could shape how leaders plan and position themselves for 2026: 1. Trade rules could redefine…»
A review of the year’s biggest hotel deals
After a somewhat slower start to the year, the U.S. hotel industry saw several high-priced deals close in the last half of 2025, many of which were in or near the final months. Many potential buyers this year were waiting for further clarity after a great deal of economic uncertainty clouded what had been an optimistic start in January. See the slideshow below highlighting some of the biggest individual hotel deals in the U.S. in 2025 followed by a list of other big and noteworthy deals. Noteworthy U.S. hotel deals JW Marriott Phoenix Desert Ridge Resort & Spa…»
2026 Underwriting Will Be Ruthless About Who Gets Refinanced
Commercial real estate is entering what Trepp’s research team has called a “sorting year,” one in which lenders are still open for business but increasingly selective about who gets to participate in any upside. The dividing line is no longer simply property type or market; it is a battery of underwriting tests that determine whether an asset can clear the bar of “financeable” in a higher‑for‑longer rate environment. On a recent episode of The TreppWire Podcast, the firm’s analysts described 2026 as a period of “measured momentum” marked by…»