DAILY TOP 5

Moody’s Ratings said Monday it projects at least $3 trillion in spending globally over the next five years to keep pace with rapid data center and artificial intelligence-driven capacity growth fueled by hyperscaler investments. Spending by the six U.S. hyperscalers (Microsoft, Amazon, Alphabet, Oracle, Meta Platforms Inc. and CoreWeave, Inc.) approached $400 billion in 2025 and is on track to reach $500 billion in 2026 and $600 billion in 2027. “The race to energize new data center capacity remains in its early stages, with robust

At first glance, it may have looked like just another late-year corporate acquisition. But CBRE’s purchase of a California support provider for technology networks is perhaps the commercial real estate services industry’s biggest bet so far on the surging growth of data centers to support the artificial intelligence boom. Dallas-based CBRE, the world’s largest property services firm, paid $1.2 billion in cash in November to buy Pearce Services, a provider of technical support related to digital and power systems that has 4,000 employees in

As data centers draw ire from neighborhood groups across the state, the Arizona Legislature may consider nixing a lucrative tax incentive for the tech facilities powering AI. Why it matters: Arizona has become one of the top markets for data centers in the country, leading a bipartisan group of elected officials to question whether the tax break is still necessary. Catch up quick: The Legislature first approved the subsidy in 2013 and later extended it to apply to data centers that locate or expand in Arizona through 2033. How it

Taiwan Semiconductor Manufacturing Co. looks poised for more expansion in Phoenix as it raises its annual capital budget and begins seeking permits for new fabs. Officials said the semiconductor giant would significantly up its capital expenditures in the coming year. It spent nearly $41 billion on capital costs last year, and expects to dole out up to $56 billion in 2026. CEO C.C. Wei added that the company was applying for permits to build its fourth factory and a new advanced packaging plant. It comes as TSMC ramps up

An AI venture studio, WaveX, backed by LG Electronics, will land at Mesa’s former Fiesta Mall, its owners announced. NovaWave Capital, LG Electronics’ venture capital firm, made the announcement on Jan. 7 at the Consumer Electronics Show in Las Vegas. It was also announced that Sunny Day Sports would be an incoming investor. WaveX will be an innovation hub focused on AI technology startups centered on healthcare, energy, sports and media. LG NOVA also has innovation hubs in West Virginia and Silicon Valley

Aldi has big expansion plans for 2026 as it celebrates 50 years in the United States. The discount grocery giant plans to open more than 180 new stores across 31 states this year, pushing it closer to its goal of 3,200 stores by the end of 2028. It also announced plans to open three new distribution centers within the next three years. As part of its 2026 expansion, Aldi will enter two new states, Maine and Colorado. It also will grow its footprint in fast-growing metro areas

Here’s a look at five grocery stores opening soon in metro Phoenix, from a specialty Filipino grocery market to new locations of old favorites. Rene Ray De La Cruz/Daily Press. ALDI will open a new store in Maricopa at North John Wayne Parkway and Honeycutt Road. A timeline for the opening has not yet been announced. Joshua Bowling/The Republic. A Costco will anchor the Halo Vista development surrounding the Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Co. has snapped up another large swath of Arizona land to support its plans to invest more than $100 billion in the area as it builds additional chips to support the global artificial intelligence boom. The company acquired 902 acres of land through an Arizona State Land Department auction that took place Wednesday. TSMC was the sole bidder for the land and will pay $197.25 million. TSMC’s new land is immediately to the south

Only two master-planned communities made RCLCO’s 50 top-selling master-planned communities in 2025. D.R. Horton Inc.’s Radiance at Superstition Vistas ranked No. 21 and El Dorado Holdings Inc.’s Bella Vista Farms nabbed the 34th spot, tying with D.R. Horton’s Silverado community in Aubrey, Texas. Arlington, Texas-based D.R. Horton sold 596 homes it built at Radiance at Superstition Vistas in Apache Junction in 2025, up 17% from 2024

Everywhere you look, you can see Arizona’s incredible growth happening in real time. But what we don’t always stop to fully appreciate is that beyond growing in population, we’ve completely transformed our economy along the way. Once looked down on as a “flyover state,” Arizona has become the place to be for the biggest industries in our economy, from advanced manufacturing to high-tech startups. We are now internationally recognized as the

The Green Street Commercial Property Price Index decreased 0.1% in December 2025. Over the past 12 months, the all-property index has increased 2.3% while remaining down 15.9% from the 2022 peak. “Property prices increased 2% last year, and that’s about where I’d set the line for ’26,” said Peter Rothemund, co-head of strategic research at Newport Beach, CA-based Green Street. “Real estate is fairly valued versus corporate bonds, so unless medium-to-long-term interest rates move

Some of the few remaining structures from Phoenix’s original downtown warehouse district could soon be demolished and repurposed for a high-end corporate headquarters housing Bonafide Beef – an Arizona-based Wagyu beef ranching company. On Jan 12, Phoenix’s Historic Preservation Committee recommended approval for a rezoning request for a 0.57-acre site at the northeast corner of Central Avenue and Jackson Street. The property is home to three structures that are rare remaining

Aldi is continuing to grow across the Valley. It will open 10 new stores in metro Phoenix in 2026, and has plans to build a new distribution center in Goodyear by 2028, according to a Jan. 12 announcement. Aldi originally bought land for the Goodyear distribution center in 2017, but the project had stalled. The locations of the new stores have not yet been released. The move is part of a larger nationwide expansion for the popular discount grocery chain. Aldi will open 180 new locations

Regarding a new hospital, many communities would have two words: “Yes, please!” Here in Scottsdale, it’s a bit more complicated …After purchasing undeveloped land on Hayden Road just south of the Loop 101, Banner Health announced plans to build a smaller “HealthCare Plus” – and a full-service, full-blown hospital. That might seem logical, considering the growth of the area, from the massive Optima McDowell Mountain luxury apartment complex right next door

The Empire Group of Cos. is proposing a new high-rise community called Revelry in Tempe, Arizona, the company announced in a Wednesday press release via its luxury urban Aspirant Development division. The new Class-A mixed-use high-rise community is expected to break ground this spring on the corner of Rural Road and University Drive. Under proposed plans, Revelry would boast 533 residential units across two towers, one with 17 stories and the

What makes a company trustworthy? Forbes broke down trustworthiness into over 50 different metrics in their 2026 ranking of the 300 most trusted companies in the United States. The media company’s list looked at employee reviews on Glassdoor, financial performance, workforce turnover rate and more. Three companies headquartered in Arizona made the list, which only included for-profit companies with at least 10,000 employees. Technology company NVIDIA topped the ranking, followed by

TSMC bought 900 acres of Arizona State Trust Land at auction on Wednesday, teeing up an expansion of the chipmaker’s site off Loop 303 and Interstate 17 in north Phoenix. TSMC paid nearly $200 million for the parcel, which is planned to be part of the much larger NorthPark project that developers say will also include hiking trails and residential units. Phoenix approved the development last month, which will almost double TSMC’s footprint in the area and allow it to add new facilities

After years of rapid expansion, the sector enters 2026 focused on efficiency, power availability and long-term resiliency. Here’s what to watch. As the new year unfolds, the U.S. industrial market is entering a new phase of growth. After several years of unbridled development, fundamentals began to normalize in 2025, shaped by uncertainty around tariffs, interest rates and trade policy. At the same time, physical and operational constraints around construction have shifted, prompting developers

Imagine a symphony of logistics: chugging trains, growling trucks and roaring planes. Proponents of a new type of economic development powerhouse believe such melodies could wake up small-town America and revolutionize domestic supply chains. While seaports may be the economic anchors for the largest cities on the country’s East and West coasts, so-called tradeport hubs can do the same inland, say Adam Wasserman and Lois Yates, consultants at Scottsdale-based Global Logistics Development

The year ended on a positive note as 2025 Greater Phoenix closed single-family home sales climbed 4.5% over 2024, according to data from Phoenix REALTORS®. Nationally, sales were down 1% for the year. Compared with December 2024, sales were up 12.1% in Phoenix and just 4.5% nationally. “Strong. That’s one word to describe the finish to 2025,” said Sammy Glassman, board president of Phoenix REALTORS. “Though we may have started last year with a good dose of cautious optimism

A new Safeway grocery store was set to open its doors on Jan. 9 in Queen Creek. The store anchors the 14-acre Harvest Station development along the southwest corner of Riggs and Gary roads in the town. The nearest grocery store to the Safeway includes a Walmart 3.5 miles south of the location, and Fry’s and Sprouts grocery stores 2 miles east. The first 200 shoppers at the grand opening received free bags of groceries. The Safeway Foundation awarded over $100,000 in grants to local schools and nonprofit

Economic growth is surging, but jobs aren’t following suit—and that has top economists worried. KPMG Chief Economist Diane Swonk called the latest figures “gut-wrenching” and told Fortune, “We’re growing, but we can’t generate jobs.” While the economy’s headline numbers appear healthy, the details reveal cracks. Real GDP grew at an annualized rate of 4.3% in the third quarter of 2025, according to the Bureau of Economic Analysis’ initial estimate released December 23. Yet consumer spending—typically responsible for

A Columbus, Ohio-based healthtech startup is expanding to Arizona with a new pharmacy in Mesa that will create 200 new jobs. Gifthealth announced Thursday it has opened the 43,000-square-foot pharmacy at 4008 S. Signal Butte Road in the Superstition Commerce Park. The six-building, 970,643-square-foot Superstition Commerce Park was developed by Dalfen Industrial, which bought the land from Brookfield Residential in 2022 for $36.2 million, Maricopa County records show. The industrial park is located just a few miles

Tony Christofellis, who founded Salad and Go in the early 2010s, said he wasn’t surprised by the company’s announcement this week to exit Texas, and said the Lone Star State growth strategy was one of the factors leading to he and his wife Roushan parting ways with the business. “The reason why we left is they wanted to grow Texas and blow it up and grow so fast, and we said we weren’t ready for it,” Christofellis told the Business Journal. “They told us, ‘You built a great business, and we don’t need you anymore