First Industrial Project Planned at Halo Vista
The first industrial development proposed for the 2,400-acre Halo Vista master planned area in north Phoenix has been submitted to the City’s review and approval process. Halo Vista is under development by a partnership of Mack Real Estate Group and McCourt Partners. Documents call for a three-phase development totaling almost 800KSF and targeted toward Taiwan Semiconductor Manufacturing Company suppliers. Timing of the phased development will depend on…»
There were many commercial real estate success stories in the Valley over the past year, but perhaps no company operating in metro Phoenix was more omnipresent than Intel Corp. Intel’s whirlwind 2025 included the arrival of a new CEO, management cuts, a deal with the federal government to take a 10% stake in the company and a $5 billion investment from Nvidia. But it’s the company’s sprawling semiconductor campus in Chandler — where thousands are employed and…»
East Coast real estate firm buys coveted land near TSMC in Phoenix
Two highly coveted north Phoenix sites were purchased by a Washington, D.C.-based real estate firm following bidding wars at the Arizona State Land Department auctions. Phoenix Dove Valley LLC, an entity of Taicoon Property Partners, bought both sites, located at Interstate 17 and Dove Valley Road. The two contiguous sites are 187 and 181 acres each, connected by a small strip of land along I-17. The southern piece, which is south of Dove Valley Road, was rezoned in late 2025 to…»
Suburban Office Leads as U.S. CRE Pricing Posts Best Annual Gain Since October 2022
U.S. commercial property prices rose in May, with the RCA CPPI US National All-Property Index posting its strongest annual gain since October 2022, MSCI Real Assets said Thursday. The index increased 1.6% from a year ago and rose 0.4% from April, implying a faster annualized pace of growth of 5.4%. Suburban office prices led all property types in May, rising 4.6% from a year earlier and gaining 0.7% from April, a monthly advance that, when annualized, puts the pace at…»
Most Economists Now Expect Fed To Keep Rates Steady Through 2026
The odds have shifted decisively toward the Federal Reserve holding interest rates steady through the end of 2026, but the rate story is far from over for commercial real estate investors. A growing bloc of forecasters – including primary dealers and several Fed policymakers – is now calling for at least one additional hike this year, even as a smaller group still sees room for cuts. According to a recent Reuters poll, the share of economists who expect the Fed to keep rates unchanged surged…»