Multifamily Enters a Late‑Cycle Normal
The multifamily market is heading into peak leasing season, with numbers that look encouraging on the surface but lukewarm beneath. The national median multifamily rent rose 0.5% month-over-month in May to $1,379, but that remains $20 lower than the May 2025 total, according to Apartment List. In other words, this is about as strong as the market has gotten so far this year, and it is still not enough to pull annual growth back into positive territory. May’s uptick marked the fourth…»
Three land sales close at Harvest Grove after split council vote
The 311-acre Harvest Grove master planned community in Gilbert has hit another milestone, despite getting pushback from Council members and residents. Since Gilbert Town Council approved the developer’s general plan amendment and zoning changes in a split April 7 vote, three parcels of land have changed hands within the Harvest Grove community, which is located on the northern portion of the site off Val Vista Drive and Germann Road. Barclay Group and…»
Following a difficult pencils-down period, banks big and small are ready to lend on CRE again. For a stretch of about two years that seemed to many like an eternity, banks were essentially out of the commercial real estate lending business. Institutions big and small went pencils down on new deals as they worked through loan books burdened with bad office, retail and multifamily loans. But that’s starting to change. And now banks — normally the lifeblood of CRE finance — are back in…»
Report: Arizona job growth turns positive again
Arizona experienced positive year-over-year job growth for the first time in eight months, according to a new report. The Common Sense Institute Arizona released a report showing that Arizona gained 13,300 jobs year over year in April. This marked the first time since August 2025 that Arizona saw positive year-over-year job growth. Arizona grew by 0.41%, ranking 12th in America, the report said, adding that the state’s job growth outpaced the national average of 0.16%. The April…»
Developers Race To Grab Spots Near TSMC’s Chipmaking Factories
Taiwan Semiconductor Manufacturing Co. is investing $165B to build new chipmaking plants in Phoenix as part of its multiyear plan to become the most advanced semiconductor facility in the U.S. Ever since TSMC announced the project in 2020, developers have been grabbing industrial sites and nearby land plots in hopes of capitalizing on the planned expansion. That activity is now accelerating. “The development community in Phoenix is witnessing firsthand the massive uptick in…»
