DAILY TOP 5

On top of its previously pledged investment of $165B in expanding its Arizona operations, officials with Taiwan Semiconductor Manufacturing Company announced this week the company will invest another $100B. The announcement was made during TSMC’s earnings call. The Trump administration has put increasing pressure on foreign semiconductor manufacturers to increase their production within the United States. TSMC has expanded significantly in north Phoenix since breaking

Boeing Co. is proposing an expansion of its Mesa manufacturing campus that could create hundreds of new jobs and boost production of advanced composite components for U.S. military aircraft. The Arlington, Virginia-based aerospace giant plans to build a nearly 268,000-square-foot fabrication center on a 38-acre industrial site near the northeast corner of Greenfield and McDowell roads, according to documents filed with the city of Mesa. Boeing’s proposed fabrication center will

About $1.1 billion worth of Phoenix industrial properties traded hands in the second quarter of 2026. That amount marks the eighth-consecutive quarter with more than $1 billion in sales and ranks the Valley number six in the country for sales volume. The Phoenix industrial market has witnessed unprecedented growth over the past five years, driven by local economic growth, relative affordability and the area’s renewed importance in national supply chains. These factors and the

Four Valley communities were ranked in the top 10 best cities in the United States for first-time homebuyers, according to a study released Tuesday. WalletHub’s “Best & Worst Cities for First-Time Homebuyers (2026)” rated 300 varying-sized cities using three key aspects: affordability, real-estate market and quality of life. Surprise ranked the highest of the four communities, coming in second place. It was immediately followed by Gilbert in third, then Peoria in sixth and Chandler in

The Taiwan Semiconductor Manufacturing Company plans to pour another $100 billion into its TSMC Arizona operations in Phoenix, the microchip industry giant revealed during an overnight earnings report. Phoenix Mayor Kate Gallego celebrated the announcement, calling it “incredible news.” “TSMC will invest an additional $100 billion right here in Phoenix, bringing its total investment to $265 billion. It’s the largest deal in U.S. history and cements our city as the heart of America’s

Saddleback, the $1 billion, 5,300-acre master-planned community under development in Peoria, has unveiled its debut collection of model homes by premier homebuilders Taylor Morrison and Lennar, marking a major milestone ahead of the community’s first resident move-ins this summer. Developed by Austin-based Castle Hill Partners, Saddleback is designed to blend seamlessly with the surrounding Sonoran Desert while offering a wellness-forward lifestyle centered on outdoor

The Mesa Design Review Board will meet Tuesday, July 14 to consider a nearly 268KSF proposed expansion to an existing Boeing manufacturing facility on the east side of Greenfield Road north of McDowell Road. The proposed building totals 267,761SF and has a planned height of 60 feet, according to materials prepared for the Board. The one-story building is proposed as a Boeing Fabrication Center, adjacent to an existing Boeing Fabrication Center totaling 158.5KSF, and will be

In the West Valley, housing projects came long before the restaurants, nightlife or cultural amenities. Instead, residents drove to the East Valley or downtown Phoenix for concerts, restaurants or nights out. But the West Valley is not merely lagging behind — it is modeling how large suburban neighborhoods can shape a local, ambitious entertainment landscape. Population growth, rising incomes and much-anticipated infrastructure are intersecting with a rush of private investment. As a result, the

Seven Arizona cities are being called “boomtowns,” cities that showing great economic growth and promise, by a new study. A new study by SmartAsset has ranked America’s cities based on their recent influx in population and economic growth. Out of 400 U.S. cities with populations of more than 65,000, seven Arizona communities were placed in the top 50 boomtowns showing rapid growth. This isn’t the first time these Arizona communities have been reported as showing fast

A new 99-year ground lease agreement will bring a massive light industrial project to Phoenix’s Salt River community. Industrial developer Majestic Realty Co. announced last week that it has partnered with the Salt River Pima-Maricopa Indian Community and certain allotted landowners on the 59-acre project, which will feature up to eight Class-A industrial buildings spanning about 1M SF. Financial terms of the deal have not been disclosed. The lease agreement is a boost for tribal

A 250,000-square-foot, nearly $190 million multisport complex in North Phoenix is back on track, fulfilling the dream of SSS Partners CEO Shubham Pandey — and his neighbors. Fire ‘N Ice Arena, a nearby hotel and SSS Academy, its operator, will sit on 17.5 acres at 2727 W. Bronco Butte Trail — near the I-17 and Sonoran Desert Drive, adjacent to TSMC. The arena will have a capacity of 2,500 guests in full end-stage or in-the-round configurations. The arena sits on the “dry-court side,”

Retail space availability is historically tight across most U.S. markets, with low vacancy, limited second-generation space and steady tenant demand contributing to rent increases. Under normal conditions, that backdrop would be expected to trigger a pickup in new construction. Instead, retail space development was largely flat in the second quarter, underscoring the extent to which supply growth has decoupled from demand fundamentals. As of the end of the second quarter, roughly

Scottsdale-based DMB Associates Inc. sold 308 lots at its Verrado master-planned community in Buckeye for $44.5 million. The deal is Arizona’s largest lot transaction of 2026. Kennedy Lewis Investment Management, land banker for California-based Tri Pointe Homes, bought the 308 platted and engineered lots and 61 tracts on behalf of the homebuilder, according to Tempe-based Vizzda LLC real estate database. This transaction represents the largest lot sale so far in 2026

Seven Arizona cities are being called “boomtowns,” cities that showing great economic growth and promise, by a new study. A new study by SmartAsset has ranked America’s cities based on their recent influx in population and economic growth. Out of 400 U.S. cities with populations of more than 65,000, seven Arizona communities were placed in the top 50 boomtowns showing rapid growth. This isn’t the first time these Arizona communities have been reported as showing fast

The membership of the Arizona Builders Alliance (ABA’s) membership has delivered some of the most impactful projects across the state. Here are 25 noteworthy developments made possible by ABA member companies.Arizona Science Center Dorrance DOME.
General contractor: Ryan Companies US. Architect: DLR Group. Owner: Arizona Science CenterSubcontractors: Integrity Electrical Services, JF Ellis Corporation, Dickens Quality Demolition, Design Drywall West, American Sound

Laveen, the southwest Phoenix neighborhood that was identified as a key growth area for restaurants and retail years ago, will see an influx of new commercial development bringing shopping, dining and family entertainment. Phoenix officials identified Laveen as one of its targeted areas for new retail development in 2023. The area had seen a surge in new home construction, leading residents and community leaders to request new commercial space and restaurants to cater to the growing

Demand is surely growing for industrial space near TSMC’s campus in north Phoenix, and developers have another infill project on tap at a site along Interstate 17. Phoenix-based Dimension Financial Realty and Investments is proposing a new three-building spec industrial park with a 62,268-square-foot building, a 152,899-square-foot building and a 237,735-square-foot building, according to planning documents submitted with the city of Phoenix. The more than 40-acre project site is located

The most extensive U.S. housing bill to tackle affordability in decades could mean fewer investor homebuyers, streamlined zoning and financing, more housing counseling and help for owners of manufactured homes. The 21st Century ROAD to Housing Act, passed by Congress in late June, went into effect July 11 without President Donald Trump’s signature. Called the most ambitious housing legislation since the 1980s, the bill lays out more than 40 changes to help in building and

After paying $2.1 million for the Club West Golf Club in Ahwatukee in May, a coalition of investors and real estate developers now plan to sell it — offering the latest twist in a years-long saga for the golf course. All best and final offers are due later this week for the 162-acre parcel of prime land in far south Phoenix, said Phillip Rupprecht, the attorney representing the Community Harmony Coalition LLC, the new owners of the beleaguered course. On May 29, Community Harmony

The Phoenix metro’s apartment market has been recovering from oversaturation and it has become one of the nation’s most improved markets in that regard. CoStar found last month that Phoenix is among the top 10 most improved multifamily markets in the country, based on annual improvement from June 2025. While rents remain slightly lower, the Valley’s apartment occupancy has improved year-over-year, and CoStar reported that the city saw a decline in vacancy rates from

Even though the metro Phoenix Multifamily market is beginning to show signs of rent stabilization, new deliveries continue to add short-term pressure from “elevated” supply. Despite the high pace of deliveries in recent years, the Common Sense Institute reports Arizona still faces a statewide housing shortage of 111,000 units, with the Phoenix-Mesa-Scottsdale region needing 56,000. Even with that demand in place, the rapid influx of units has caused rents to recede from

Retail space availability is historically tight across most U.S. markets, with low vacancy, limited second-generation space and steady tenant demand contributing to rent increases. Under normal conditions, that backdrop would be expected to trigger a pickup in new construction. Instead, retail space development was largely flat in the second quarter, underscoring the extent to which supply growth has decoupled from demand fundamentals. As of the end of the second quarter, roughly 72.1

It’s rare that Democrats and Republicans in Washington agree on much of anything these days. But the so-called 21st Century Road to Housing Act has been celebrated by both parties as the most significant housing legislation in decades. At the same time, President Donald Trump called it a — quote — “big yawn” and said he wouldn’t sign it unless Congress passed his signature voter ID bill — the SAVE America Act. Well, that hasn’t happened and the president didn’t sign the housing

Greater Phoenix more than doubled the national growth rate for single-family residential home sales in June compared to the same month last year. Closed sales rose 8.1% locally while increasing only 3.2% nationally, according to data from Phoenix REALTORS®. Comparing the first half of 2026 to 2025, closed deals rose 5.4%. At the same time, the median price of a single-family home essentially held steady at $485,000, ticking up just 0.2% from last year’s $484,000. Phoenix’s