The development pipeline continues to hum in metro Phoenix at the dawn of a new year. While no project can match the drumbeat surrounding Taiwan Semiconductor Manufacturing Co.’s ever-evolving north Phoenix campus, where tens of billions of dollars will be invested in the coming years, there are still plenty of impact projects in the works beyond the cottage industry of semiconductor-related enterprises that continue to pop up throughout the Valley…»
New Normal, New Underwriting: CRE is Resetting for the Next Maturity Wall
In commercial real estate, the bet is no longer that rates will “normalize,” but that they won’t—and that deals still have to work anyway. With a $190‑billion maturity wall bearing down between 2026 and 2028, investors are shifting from hoping for a rate rescue to underwriting a stubbornly expensive cost of capital, accepting flatter yield curves, and relying on lower leverage, cleaner business plans, and demonstrably durable cash flow to justify buying at discounts to…»
Japanese semiconductor supplier plans Ahwatukee expansion
Semiconductor supplier Shin-Etsu MicroSi is planning to expand its operations in Ahwatukee. The company is going through the rezoning process to make way for a 17,182 square-foot industrial flex building near the northwest corner of Elliot Road and I-10. It already operates two other facilities in that business park, where the company is headquartered. The Ahwatukee Foothills Village Planning Committee recommended approval for the rezoning request…»
CRE Investors Poised to Buy, But With Caution
CBRE’s January report on investor activity in the CRE space bears a familiar theme: investors in 2026 are definitely interested and ready to increase their investment but remain cautious. The report is based on a survey of investors’ intentions. It showed that 70% of investors plan to buy more CRE, while an additional 20% will keep it at the same level. Less than 5% intend to buy less than in 2025. In 2025, just 48% of investors planned increased allocations to CRE. More…»
The K-shaped economy drives the US hotel industry
The U.S. hotel industry continued to show a clear performance divide across property classes in 2025. High‑end consumers, still willing to pay for premium experiences, boosted demand at luxury hotels. Revenue per available room, or RevPAR, for the luxury hotel segment rose 3%. In contrast, consumers with less disposable income pulled back on both travel frequency and spending, leading to a 4.4% decline in RevPAR among economy class hotels. Many economists…»