Daily News 10-23-2026

Intel is moving forward with its Fab 62 semiconductor factory at its Ocotillo campus in Chandler, with construction and manufacturing equipment installation underway and operations expected to begin by the end of 2028. The facility will become the campus’s sixth factory dedicated to high-volume chip manufacturing. Naga Chandrasekaran, executive vice president and chief technology and operations officer for Intel Foundry, outlined the project’s progress in an update on the…»

The Queen Creek Planning and Zoning Commission has recommended approval of a request to rezone a property at the SWC of Queen Creek and Ellsworth Road to enable the development of The Union at Ellsworth, a mixed-use proposal located within the larger Queen Creek Station West master plan. The Union at Ellsworth site is divided into four components: multifamily, office, commercial and hotel. The recent action dealt with the 6.5-acre multifamily component, specifically its…»

Finally, A New Ground-Up Retail Development Cycle Has Begun- For the first time in 20 years, retail construction is trending up, according to JLL. This modest acceleration signals the start of a cycle that some industry players say will continue for the foreseeable future. To be fair, the cycle is mild; most forecasts call for up to 1% annual growth in ground-up retail through 2029. And yet some anticipate that this period of steady construction will be healthier than the overdevelopment…»

The National Retail Federation (NRF) expects solid year-over-year growth in holiday sales with seasonal spending reaching a new milestone. The NRF annual holiday forecast projects that retail sales in November and December will grow 4.2% from the same period in 2025, translating to total spending of $1.013 trillion. By comparison, 2025 holiday sales rose 3.1% from 2024 to reach $972 billion, which fell short of NRF’s initial forecast of $1.02 trillion. Inflation will account for nearly…»

GlobalData research shows higher prices boosted September’s US retail sales growth, while modest volume gains point to selective spending ahead of the holiday season. US retail sales increased 6.8% year on year in September 2026, but higher prices accounted for much of the growth, according to GlobalData. Gains in clothing, sporting goods and electronics offer encouragement ahead of the holiday season, although modest increases in sales volumes suggest underlying demand remains…»