Daily News 10-22-2026

Falling housing starts are narrowing the new-supply pipeline, but September’s construction figures offer a more mixed picture for apartment investors. Multifamily permits and completions rose from August even as starts declined—a divergence that the National Apartment Association says could reflect stronger conditions in some local markets despite a national slowdown. The tension extends beyond construction. High financing costs are keeping homeownership out of reach for…»

A hotel, restaurants and luxury condos are among the next additions to a $1 billion project north of Loop 101 in Scottsdale. One Scottsdale, a 100-acre master-planned development led by Scottsdale-based DMB Associates, will see several new projects begin construction before the end of the year. The mixed-use development already has several buildings open, including luxury condos, apartments, a medical office and quick-serve restaurants. Michael Burke, senior vice president of commercial…»

A new survey released by the Site Selectors Guild shows access to power is now the most heavily cited factor in choosing where to build high-value, capital intensive projects. 2026 marks the first year electric power access led selection factors. Electric power was listed as a top factor by 79% of respondents. Labor availability and geopolitics were cited among top factors by only 50%. More than half of respondents said lack of electrical service would be a leading reason to remove a…»

More than a month after the YMCA in downtown Phoenix announced it was closing, there are now plans to redevelop the site — and some big names are getting involved. The Phoenix Suns, Phoenix Mercury and the Valley of the Sun YMCA plan to build a $60 million facility. Slated to open in 2029, the new three-story, 55,000-square foot YMCA will feature three basketball courts — including one NBA-size court — health and wellness programs, education and workforce development. There…»

Chandler, Gilbert and Scottsdale are among the 40 safest cities in America, according to a new WalletHub study that evaluated 182 U.S. cities across 41 indicators of safety. Chandler earned the highest ranking among Arizona cities, coming in at No. 26 nationally, followed by Gilbert at No. 31 and Scottsdale at No. 40. The findings highlight the East Valley’s strong showing in a national comparison that looks beyond traditional crime statistics to consider financial security, natural disasters and…»