Daily News 10-13-2026

Multifamily sales volume was nearly unchanged nationwide in the first half of 2026, but the flat headline concealed a substantial shift in where capital landed. Sales totaled $41.1 billion, down just 0.3 percent from the same period last year, according to Yardi Matrix data. Deal flow nevertheless broadened. Some 1,230 properties changed hands, 7.1 percent more than 12 months ago, while the number of units traded increased by 5.8 percent. The average price per unit moved in…»

A Valley nonprofit is beginning construction on an affordable housing project on land it purchased from a school district, a plan its leaders say could inject cash into school districts while addressing a shortage of affordable housing. UMOM New Day Centers is leading the development of Salamanca Square, a 192-unit apartment complex near 39th and Grand avenues, on land it purchased from the Alhambra School District. The development is expected to complete construction in 2027. Units in…»

A Chicago-based developer has bought 76 acres in Phoenix’s Southwest Valley for a planned 1.2M SF industrial campus.Logistics Property Co., or LogiPropCo, plans to break ground on Sonoran Logistics Park at the intersection of Interstate 10 and Perryville Road in Buckeye in the fourth quarter, the company announced in a Tuesday press release.LogiPropCo didn’t disclose a purchase price. Cushman & Wakefield brokers managed the transaction and will serve as the park’s leasing…»

Following several months of planning and stakeholder meetings, owner Mack Real Estate Group’s application to amend the Planned Unit Development zoning for 3,721.6 acres in the Halo Vista master plan at the NWC of Interstate 17 and Loop 303 was scheduled to go before the City of Phoenix’s North Gateway Village Planning Committee on Oct. 8, after this issue went to press. Halo Vista is an expansive master planned area that surrounds the Taiwan Semiconductor…»

Commercial real estate prices are approaching a floor, but larger properties are still losing ground—a divide that makes the market’s apparent stability a better starting point for investors than evidence of a broad recovery. Trepp’s second-quarter 2026 Property Price Index shows smaller and mid-sized assets generally holding their value, while higher-dollar transactions continue to decline. Retail was the only sector to gain under both measures and renewed interest-rate pressure threatens to…»