Daily News 7-23-2026

The apartment boom of the past decade has added millions of units across the country — and revealed the metropolitan areas where renter demand has been growing fastest. A recent CoStar analysis examined how apartment construction reshaped the industry’s inventory hierarchy, with more markets crossing major size thresholds and moving into larger “weight classes.” This analysis focuses on a different question: which markets account for the largest share of renter demand…»

U.S. retail sales moved higher again in June, reinforcing the view that consumers remain willing to open their pocketbooks even as they become more selective about where, when and with whom they spend. Advance retail and food services sales increased 0.2% in June to a record $768.6 billion, according to the U.S. Census Bureau. The gain followed an upwardly revised 1.0% increase in May and left total sales 6.7% above year-earlier levels. Sales during the second quarter were…»

Multifamily owners are leaning harder than ever on rent and deposit concessions to protect occupancy in a tougher refinancing climate, but that strategy is quietly magnifying bad debt risk and eroding cash flow just as a wave of maturities comes due, according to LeaseLock executives and data from federal and private sources. Competing in Oversupplied Market-With roughly 13% of multifamily mortgages maturing in 2026 and more than $800 billion in multifamily debt set to come due…»

Crunch Fitness, a national gym brand, is looking to add 20 new stores in the Phoenix area in the next two years. Southwest Fitness Holdings LLC is the Crunch Fitness franchisee bringing the brand to the Valley. Southwest Fitness is a subsidiary of CR Fitness Holdings, which is the largest Crunch franchisee in the system with nearly 100 locations. Southwest Fitness is opening Crunch gyms in Phoenix and in Dallas. Before the end of 2026, the company plans on opening four locations in the…»

A Taiwan-based firm has acquired a 107,400-square-foot industrial building in Surprise for $20,406,000, amid the continued flood of semiconductor suppliers to the Valley due to the rapid growth of the industry in Arizona. The company – Uangyih Industrial Company – specializes in supplying semiconductor manufacturers with air abatement systems, wastewater treatment materials and other key products and services for chipmaking operations. The deal closed on July 16, according to…»