Daily News: 6-12-26
26-story downtown Phoenix tower to add grocer, art gallery A downtown Phoenix apartment tower that recently completed construction will feature a small grocer, café and wine bar, along with an art gallery on its ground floor. Ray Phoenix, a 26-story tower with 401 apartment units, opened for residents in April and is still leasing for […]
Daily News: 6-9-26
National Multifamily Report – May 2026 Annual growth turns positive following two consecutive monthly improvements, according to Yardi Matrix. Average advertised asking rents across the U.S. multifamily sector rose for two months in a row, though yearly growth remained tepid at just 0.2 percent in May, according to Yardi Matrix’s latest survey of 140 markets. […]
Daily News: 6-1-26
Multifamily Enters a Late‑Cycle Normal The multifamily market is heading into peak leasing season, with numbers that look encouraging on the surface but lukewarm beneath. The national median multifamily rent rose 0.5% month-over-month in May to $1,379, but that remains $20 lower than the May 2025 total, according to Apartment List. In other words, this […]
Daily News: 5-19-26
Suburbs and exurbs fuel population growth in the Greater Phoenix area Newly released data from the U.S. Census Bureau reiterates the Valley’s strong demographic profile and provides deeper insight into where population gains are happening. In the five-year period from July 1, 2020, to July 1, 2025, the Phoenix metropolitan statistical area (MSA) added about […]
Daily News: 5-18-26
NRF: Retail sales grow in April Retail sales rose slightly for the seventh consecutive month in April despite rising gas prices and stubborn inflation. Core retail sales (excluding restaurants, auto dealers and gas stations) inched up up 0.34% month over month in April and were up 5.53% year over year, according to the CNBC/NRF Retail […]
Daily News: 5-14-26
2,500 acres in Buckeye primed for next high-tech hub A 2,500-acre site in Buckeye is aiming to land the Valley’s next mega-project, as brokers begin to pitch the site for semiconductor manufacturing and other advanced manufacturing uses. The site, called Grand View Arizona, is located near Broadway Road and MC 85, and is bisected by […]