Costco to break ground at massive north Phoenix development surrounding TSMC campus
Developers expect to break ground soon on a brand-new Costco store in north Phoenix. The wholesale retailer will be a first user within Halo Vista, a massive master-planned community surrounding TSMC Arizona’s campus. A groundbreaking ceremony is slated for March 26, and the project’s developers said they are hopeful the store will be “selling hot dogs first quarter of next year…»
3 new East Valley developments to watch. What to know
A popular grocery store and two apartment complexes are under construction in the East Valley. Whole Foods Market is preparing to open a new store in Scottsdale. A high-rise apartment complex will be among the tallest buildings in Tempe. More than 200 units of multi-family housing are under construction in Gilbert near Banner Gateway Medical Center. Here’s what is being built in metro Phoenix…»
Mortgage Rates Reach Three-Year Low, Providing Buyers $1,000s in Relief
Mortgage rates are continuing to drop, landing at levels not seen in more than three years and offering a rare boost to housing affordability amid broader economic and policy shifts. According to Freddie Mac, the average 30-year fixed-rate mortgage fell to 6.01%, as of Feb. 19, down from 6.09% the prior week and substantially lower than 6.85% a year ago. Also, the 15-year fixed rate eased to 5.35%, compared with 5.44% in the previous week and 6.04% a year earlier…»
A Quick Look at Multifamily Announcements vs Activity
The national and Arizona multifamily market news has been filled for the past 18 months or so with news of market cooling, deliveries outpacing demand after the post-pandemic rush to build, increased vacancies, declining rents, et cetera. To give some of the most current numbers, in its Q4 2025 Phoenix Multifamily MarketBeat report, Cushman and Wakefield reported a 12.8% year-over-year increase in vacancies for Metro Phoenix…»
Phoenix office market posts strongest net absorption since pre-pandemic
The Greater Phoenix office market’s fourth quarter 2025 posted its strongest net absorption since fourth quarter 2019, totaling 531,893 square feet, according to an analysis from Colliers in Arizona. The uptick in net absorption and 10-year low construction activity led to a decline in direct vacancy to 15.1 percent, according to a report released by Colliers…»