Daily News 8-4-2026

Piece by piece, Arizona has completely rebuilt its economy in the past seven years, fueled by a decision to go all in on semiconductors As the Arizona Commerce Authority celebrates its 15-year anniversary, the state’s economic transformation “has really been nothing short of extraordinary,” according to the Sandra Watson, CEO of the ACA. Driven largely by semiconductor firms going all in on the state, the past 12 months were the most successful for economic development in Arizona’s…»

While the latest national industrial forecast calls for elevated vacancy levels to remain under pressure over the next few quarters as supply additions outpace tenant demand, the market is expected to shift next year. However, industrial construction is slowing, and increased leasing of industrial space should enable net absorption, the net change in occupancy, to exceed new supply by late 2027, marking a turning point for market conditions and setting the stage for rent…»

Knightvest Capital acquired Pavilions on Central Apartments for $73,650,000, according to Vizzda. The seller was Security Properties, who acquired the property in 2018 for $59,000,000. Pavilions on Central is a 254-unit multifamily property located in Phoenix. The property is located within the Midtown neighborhood of Phoenix. Similar to the valley’s other core urban markets like Downtown Phoenix, Downtown Tempe or Old Town Scottsdale, Midtown offers an urban environment with…»

Factory activity accelerated in July to its strongest pace in more than four years, according to a survey of manufacturing firms. The Institute for Supply Management’s purchasing managers index released Monday rose to 55.6 from 53.3 in June, the highest reading since May 2022. Readings above 50 indicate expansion. The survey’s new-orders gauge grew for a seventh straight month, suggesting demand remained resilient. The production index jumped to 58.5, its highest level since November…»

Peoria has more new retail and commercial projects underway in the north part of the city as residential growth in the area continues to drive demand for high-quality dining and shopping options. One of the earlier commercial projects that has already seen success is the Trailhead, a 40-acre mixed-use development at 83rd Avenue and Happy Valley Road that will soon welcome a new Flower Child. Here are some other new projects underway poised to bring new restaurant and shopping…»