Daily News 8-3-2026

The state’s job growth ranked 15th in America, the report noted, adding that 13 states nationwide lost jobs year over year in June. June marked the third consecutive month of year-over-year job growth in Arizona. Before the streak, the state previously saw eight consecutive months of year-over-year job loss. Zach Milne, a senior economist for CSI Arizona, told The Center Square this week that states nationwide are seeing slow job growth numbers. Arizona’s 0.72%…»

A long-planned indoor rainforest project near Scottsdale has been put on hold after the Salt River Pima-Maricopa Indian Community Council delayed its vote. The SRPMIC Council was scheduled to vote on a conditional use permit for Paradise Earth during a July 29 meeting, but all Council members unanimously opted out until they could get more information. Council members expressed concerns and wanted clarity on the wildlife attraction’s water usage, waste, how the extreme heat would…»

Marcus & Millichap CEO Hessam Nadji says commercial real estate is moving into a new phase of activity as three years of price corrections, loan maturities and pent-up demand push more properties to market, even with interest rates higher than many investors expected. He told Bloomberg Radio that this next leg of the cycle is defined by a wide spread in risk and reward across property types and submarkets, which is creating both stress and opportunity for investors willing to be…»

Formation Interests broke ground on the second phase of an industrial park it’s building next to Buc-ee’s in Goodyear. The first phase of the project, called Formation Park 10, brought five new buildings amounting to nearly 689,000 square feet across a 44-acre site. Now phase two will bring three new buildings totaling 261,168 square-feet. The project is located at Bullard Avenue and Celebrate Life Way. It’s a venture between Dallas-based Formation Interests and Fort…»

When rental Housing Economist Jay Parsons calls CPI rent data “garbage,” he’s not just venting about a flawed government statistic. He’s warning multifamily investors that relying on that series for affordability analysis and rent-growth narratives can distort what’s actually happening in investment-grade properties—and, by extension, in their research decks, IC memos and asset management benchmarks. On a recent episode of the “Rent Roll” podcast, hosted by Parsons and featuring guest…»