Daily News 8-14-2026

Developers are planning one of Phoenix’s biggest industrial projects to capture demand from businesses tied to the state’s chipmaking boom. Mack Real Estate Group and McCourt Partners announced a seven-building industrial park totaling more than 780,000 square feet as part of Halo Vista, a planned mixed-use development taking shape on 2,300 acres to the north of Taiwan Semiconductor Manufacturing Co.’s emerging chipmaking campus. The industrial buildings will…»

A new seven-story upscale hotel will be built as part of the Novus Innovation Corridor on Arizona State University’s Tempe campus. The new 168-room,116,855-square-foot hotel property – part of Marriott Bonvoy’s Tribute Portfolio – will be located at Novus Place and Packard Drive. The Marriott Tribute Portfolio property in Tempe will be a full-service hotel with a rooftop pool and bar and a 2,700-square-foot meeting space. The project is being developed and built by Tempe-based…»

The multifamily market is beginning to recover, but investors should not expect a broad-based rebound. Rent growth is returning at stabilized Class A properties, while Class C apartments are losing ground under worsening affordability pressures and softer demand. Between those extremes, Class B performance is increasingly being determined by a property’s location and the quality of its operations. Job growth has accelerated this year and exceeded earlier expectations, supporting…»

Halo Vista, the 2,300-acre master-planned development surrounding the $265 billion Taiwan Semiconductor Manufacturing Co. plant in north Phoenix, will begin construction on industrial buildings in late 2026. The first phase of the industrial development will include seven buildings totaling roughly 780,000 square feet, but the site will eventually include about 2.5 million square feet of new industrial buildings. The first phase will be located at Dove Valley Drive and 43rd…»

Walmart closed on two different properties in Buckeye within the past week, acquiring almost 80 acres for $21,375,692 total. The two sites are near each other along Southern Avenue but aren’t adjacent. The first site previously reported by the Business Journal is roughly 38 acres, and Walmart acquired it from Scottsdale-based Cardinal Capital Co. LLC for $11,818,700 on July 30. It’s located at the northeast corner of State Route 85 and Southern Avenue – in a part of the city where…»