Daily News: 4-21-26
Banner Health pays $22.13M in cash for vacant land near TSMC development Phoenix-based Banner Health — Arizona’s largest health system — just plopped down $22.13 million in cash for vacant land near the Taiwan Semiconductor Manufacturing Co. campus in north Phoenix. Closing on April 16, the 18.81-acre parcel at the southeast corner of Interstate 17 […]
Daily News: 4-20-26
TSMC sees revenue increase 35%, signals strong future for Arizona semiconductors Arizona’s growing role in the global semiconductor industry received another boost this week as Taiwan Semiconductor Manufacturing Company (TSMC) reported powerful financial and revenue results and confirmed continued expansion plans tied to its Arizona operations. The world’s largest contract chipmaker announced first-quarter 2026 revenue […]
Daily News: 4-17-26
Housing Supply Slowdown Gives Multifamily Market Room To Stabilize The U.S. apartment market is poised to make strides toward recovery this year as leasing remains robust, the multifamily pipeline stays tight and homebuilders are slow to develop single-family housing stock, according to first-quarter industry data. Renters are expected to absorb between 250,000 and 300,000 apartment […]
Daily News: 4-16-26
Land primed for north Phoenix shopping center to be sold in June Vestar, the Phoenix-based developer of Desert Ridge Marketplace, Tempe Marketplace and Verrado Marketplace, is eyeing about 370 acres in north Phoenix for mixed-use retail development. Vestar has applied to buy two sites, about 187 and 181 acres each, from the Arizona State Land […]
Daily News: 4-15-26
Arizona ranks No. 4 in nation for domestic migration, with influx of Californians, study reveals While interstate moves might be declining nationally, Arizona continues to draw more residents than it loses to other states — ranking the state No. 4 for domestic migration. Arizona drew roughly 51,387 more newcomers than it lost to the rest […]
Daily News: 4-14-26
Phoenix apartment rents edge modestly higher in the first quarter Broad dispersion across locations and quality segment. The average asking rent at Phoenix multifamily properties ticked up 0.1% in the month of March, extending a four-month winning streak that began in December of last year. Last month’s performance translates into a 0.4% rent gain for […]