Daily News 9-15-2026

An unfinished orange roller coaster looms along Loop 101, south of State Farm Stadium. Instead of thrilling riders, it puzzles those driving by, who have seen the same view for years. Around the roller coaster, a massive construction zone five years in the making spans dozens of acres, dotted with buildings in various stages of construction surrounding a center amphitheater. The ambitious project, called VAI Resort, would be the largest hotel in the state, once it opens. It occupies prime…»

Phoenix apartment rents slipped modestly in August, extending a multiyear stretch of soft conditions, but underlying market conditions suggest the sector may be turning the corner. Average asking rents declined 0.1% in August, bringing year-to-date growth to 0.3%. While still a subdued performance by historical standards, the market’s pricing trajectory has improved notably compared with recent years. Through the first eight months of 2025, asking rents had fallen 1.4%, while…»

An office property at a prominent East Valley research and technology park is scheduled for an auction sale in December. An entity connected to Rialto Capital Management has scheduled a foreclosure sale for River Corporate Center, a 133,225-square-foot office building at 8075 S. River Parkway, according to Maricopa County records. The building is located within the tech-focused, 2.2 million-square-foot ASU Research Park in Tempe — home to major tenants such as publicly traded…»

Multifamily investors are entering the second half of 2026 confronting disappointing property performance, difficult deal execution and continued market volatility. Despite those immediate pressures, most are still planning to grow their portfolios and expect the investment climate to improve beginning next year. That contrast runs through Berkadia’s 2026 Mid-Year Multifamily Pulse Survey, which gathered responses from more than 100 industry participants, primarily principals…»

Harvard Investments announced that D.R. Horton has acquired the final residential lots at Lucero, the newest village within Estrella, purchasing 232 homesites on approximately 90 acres. The sale price was $32,712,000, according to Vizzda. The transaction marks the completion of residential lot sales within Lucero and represents another significant milestone in the continued growth of the award-winning master-planned community. The acquisition further strengthens D.R.…»