Outstanding U.S. CRE Mortgage Debt Nears $5T
The level of commercial/multifamily mortgage debt outstanding ticked up by 1.1% or $53.4 billion in the third quarter of 2025, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report. Total commercial/multifamily mortgage debt outstanding rose to $4.93 trillion at the end of Q3. Multifamily mortgage debt alone increased…»
TSMC speeds up Phoenix chip expansion
Taiwan Semiconductor Manufacturing Co. is speeding up construction of its Phoenix “gigafab cluster” after seeing record-breaking earnings last quarter, chairman and CEO CC Wei announced on a Thursday morning investor call. Why it matters: TSMC’s Phoenix campus, which began production in 2024, advances a broader U.S. push to reduce reliance on Taiwan, increase domestic chipmaking..»
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…»
What’s ‘The Loop’ complex being built in north Scottsdale?
Creation, a Phoenix-based real estate developer, is behind the more-than-16-acre project, which will comprise a mix of four one-story office and warehouse buildings. The Loop’s modern facilities — totaling 267,640 square feet — are designed to accommodate tenants and businesses that need space for industrial showrooms, light manufacturing, skilled assembly and distribution, Creation boasted. “With…»
Phoenix to open more new hotel rooms in 2026 than nearly any other major US city
Phoenix is set to open more new hotels rooms in 2026 than almost any other major city in the U.S. Data released this month by CoStar showed that 3,650 new hotel rooms are projected to open in Phoenix this year. The only city with more rooms projected to open in 2026 is New York, with 4,852. Phoenix beat out Dallas (3,558 rooms), Orlando (1,988 rooms) and Miami (1,954 rooms) with more hotel…»