Daily News 10-17-2025

The outlook for economic growth in the coming year has improved since the depths of uncertainty in the early summer, according to a new quarterly survey released by the National Association for Business Economics. And though the foundations of that expansion rest on a narrowing set of economic pillars, economists are increasingly aligned in their expectations for slower, but positive progress in the near term. The 40 professional forecasters who responded to…»

Despite Phoenix industrial construction activity continuing to slow down in 2025, 11.9 million square feet remain in the pipeline, helping Phoenix remain a well-positioned market for industrial tenants, according to an analysis from Kidder Mathews. Market Highlights: CONSTRUCTION activity totaled 11.9 million square feet. DIRECT NET ABSORPTION reached 2.4 million square feet. TOTAL LEASING ACTIVITY YTD is 11.3 million square feet. MARKET DRIVERS: Phoenix remains…»

Taiwan Semiconductor Manufacturing Co. is close to securing additional land in Arizona to create an “independent gigafab cluster,” chairman and CEO CC Wei announced on an earnings call Thursday morning. Why it matters: The new land will allow TSMC to execute its $165 billion vision for Phoenix and cement the Valley as an unequivocal semiconductor. The latest: Wei said “strong AI-related demand” is driving TSMC to speed up its Arizona expansion and roll…»

Pennsylvania-based Toll Brothers Inc. (NYSE: TOL) has opened a new luxury community within the Storyrock master plan in north Scottsdale. Called Toll Brothers at Storyrock, the community at 12835 E. Black Rock Road represents the final phase of homes offered within the exclusive master-planned community. Homes ranging from 3,665 to more than 5,000 square feet will start at $1.95 million. The 81 homes in the community offer views of Four Peaks and…»

A little more than two years ago, the state Department of Water Resources announced a moratorium on building new homes in some parts of the Valley that rely on groundwater. That came after the agency determined that there wasn’t an assured hundred-year water supply in those areas, as required under state law. Tony Davis spent time in one of the most affected cities — Buckeye — to find out how that change is impacting development — and residents. Davis is an…»