Daily News 10-2-2026

Americans spent at the fastest pace in over a year in August, helping fuel economic growth amid persistent inflation. Inflation-adjusted personal spending rose 0.6% in August from a month earlier, according to Bureau of Economic Analysis data released Wednesday. It marked the biggest monthly increase since March 2025. The Federal Reserve’s preferred measure of underlying inflation, the personal consumption expenditures price index excluding food and energy, rose 0.2% in August, with…»

Developer NextGen Apartments is planning Prasada Apartments, just west of the freeway. On the other side of the Loop 303 is a growing retail destination within the city, including an American Furniture Warehouse, Target and Costco. The complex will have 364 units, a clubhouse, gym and space for dog grooming, according to city permits. History: NextGen bought the land for $8.5 million in 2020. The sale closed in January 2022. NextGen’s investors were told in May 2022 that…»

This loan retires the new facility’s construction financing. Logistics Property Co. has obtained a $68.3 million refinancing loan for Palm Gateway Logistics Center, a 614,544-square-foot industrial park in Mesa, Ariz., according to Yardi Matrix data. Pacific Coast Capital Partners provided the debt, which retires a previous $62.9 million construction loan issued by Old National Bank in December 2022. LogiPropCo broke ground one month later, marking its first Phoenix project. The LEED-Silver…»

Scottsdale-based Taylor Morrison⁠ Home Corp. just purchased 406 lots near Taiwan Semiconductor Manufacturing Co.⁠’s $265 billion development in north Phoenix.

This $6.34 million acquisition of 190.82 acres in an area north of the Vistancia master-planned community in Peoria comes at a time when homebuilders are starting to buy more lots in bigger bulk. Miami-based Lennar Corp.⁠ (NYSE: LEN⁠) recently paid $60.14 million in cash for 444 lots near TSMC and Arlington,…»

Phoenix’s architectural landscape is transforming. For decades, we’ve seen business developments, lifestyle hubs and communities sprout up across the desert. But as we look toward 2035, the question is no longer simply how much Phoenix will grow, but what kind of city that growth will create. One of the biggest shifts will likely be a more concierge-oriented, amenity-driven approach to development. Rather than thinking about mixed use simply as different uses located next to one another…»