Daily News 11-13-2026

The developer that’s bringing video-game-themed apartments and hotel rooms to a rebounding stretch of downtown Phoenix is taking a more traditional focus for its latest project on the block. Phoenix-based Intersection Development broke ground Nov. 6 on a pair of projects that will add more apartments along with restaurants and shops to the growing resident pool and nightlife entertainment in the Roosevelt Row walkable arts-and-culture district. The latest projects, called SISU Roosevelt…»

Apartment owners hoping that new supply is finally fading will have to wait a little longer. Yardi Matrix has raised its 2026 forecast for multifamily completions by 4.8%, to 513,883 units from 490,362 in its third-quarter forecast. That doesn’t mean the supply wave is starting over. The forecast shows deliveries dropping in 2027 and then climbing again in 2028, as a rebound in construction that began in early 2025 moves through the pipeline. For investors, that could…»

The Arizona Office of Economic Opportunity has released its projections for employment in the Grand Canyon State for 2025-2035, and Construction promises to be near the top of the growth list. With a population that is both growing—albeit more slowly than in recent years—and aging, Health Care and Social Assistance leads growth sectors with an anticipated employment growth of 2.1% over the next 10 years. Construction, however, comes in a close second at 1.9%. Natural…»

HonorHealth, Scottsdale’s largest employer, wants to build a large luxury hotel and apartment complex alongside its medical campus near Old Town. Conceptual site plans it recently submitted to the city call for the redevelopment of a portion of its property at Second Street and Drinkwater Boulevard, where it can make space for two nine-story buildings with about 460 hotel rooms and residential units. As one of the most prominent health care systems in the Valley, HonorHealth believes the…»

Life insurance companies are financing a different class of industrial property than the securitized market, according to a new Trepp Research analysis. Their buildings are more than twice as large, carry far less risk on paper and produce about twice the income per square foot. The median industrial property financed by a life company is 250,000 square feet. The median for commercial mortgage-backed securities and commercial real estate collateralized loan obligations is 112,482…»