DAILY TOP 5

The level of commercial/multifamily mortgage debt outstanding ticked up by 1.1% or $53.4 billion in the third quarter of 2025, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report. Total commercial/multifamily mortgage debt outstanding rose to $4.93 trillion at the end of Q3. Multifamily mortgage debt alone increased

Taiwan Semiconductor Manufacturing Co. is speeding up construction of its Phoenix “gigafab cluster” after seeing record-breaking earnings last quarter, chairman and CEO CC Wei announced on a Thursday morning investor call. Why it matters: TSMC’s Phoenix campus, which began production in 2024, advances a broader U.S. push to reduce reliance on Taiwan, increase domestic chipmaking

Brad Wright, president of Kovach, has never been busier, and it’s easy to understand why. As a leading designer, manufacturer and installer of commercial building enclosures, Kovach is spearheading numerous projects across the Valley, including Taiwan Semiconductor Manufacturing Company (TSMC). Kovach’s projects — including TSMC, Intel, the Phoenix Mercury Training Facility and

Creation, a Phoenix-based real estate developer, is behind the more-than-16-acre project, which will comprise a mix of four one-story office and warehouse buildings. The Loop’s modern facilities — totaling 267,640 square feet — are designed to accommodate tenants and businesses that need space for industrial showrooms, light manufacturing, skilled assembly and distribution, Creation boasted. “With

Phoenix is set to open more new hotels rooms in 2026 than almost any other major city in the U.S. Data released this month by CoStar showed that 3,650 new hotel rooms are projected to open in Phoenix this year. The only city with more rooms projected to open in 2026 is New York, with 4,852. Phoenix beat out Dallas (3,558 rooms), Orlando (1,988 rooms) and Miami (1,954 rooms) with more hotel

It may be standard practice for some to greet the new year – any new year – with declarations of guarded, cautious or restrained optimism. Yet in many respects that fairly describes this moment for multifamily investors. That’s a topline assessment from Walker & Dunlop’s Kris Mikkelsen, the firm’s executive vice president and co-head of their national Capital Markets group. Since assuming leadership

Multifamily rents ended 2025 where they started, according to Yardi Matrix’s National Multifamily Report. The U.S. average advertised rent decreased $5 to $1,737 in December, with year-over-year growth dropping 20 basis points to 0%. “Years without growth are rare. The last one with no average national advertised rent recorded was the 2020 pandemic year,” noted the report. “Before that, the last

Asking rents declined for the 29th consecutive month year over year in December, but the latest data show the easing is increasingly concentrated among higher-priced rentals, leaving many lower-cost renters with little relief. The median asking rent across the 50 largest U.S. metros was $1,689, down 0.7% from December 2024, according to the Realtor.com® December Rental Report. Metro

Paul Ruffino owns a home in north Scottsdale’s Troon area but lives with his wife and two daughters in a luxury rental house in north Phoenix where they have a trash valet and resort-style amenities. He’s part of a growing group of renters-by-choice, who are opting for maintenance-free homes and apartments with garages that are located in popular locations and cost less than a mortgage

Scottsdale homebuilder Taylor Morrison has taken the wraps off its newest luxury master-planned community, Verdin, in far northeast Phoenix. The 473-acre project within the Deer Valley School District has room to build out as many as 1,225 homes. It boasts five home collections with single- or two-story floor plans and 10 model homes are now open. Taylor Morrison acquired the land in

Sunlit Arizona, a chemical supplier to the semiconductor industry, bought 40 acres in Casa Grande for $9.2 million, growing the already large presence of semiconductor industry suppliers in Pinal County. Sunlit, which is based in Taiwan, already has a large presence in Arizona. It was one of the first suppliers to announce a location in Arizona following Taiwan Semiconductor Manufacturing Co.’s 2020 announcement to build a massive manufacturing facility in Phoenix

Taiwan-based TSMC, the world’s largest computer chipmaker, plans to increase its capital spending by as much as nearly 40% this year after it reported a 35% jump in its net profit for the latest quarter thanks to the boom in artificial intelligence, the company said Thursday. TSMC has pledged around $165 billion of investments in the U.S. and said Thursday it’s speeding up construction of new plants in Arizona, looking to create a fabrication plant cluster and meet

Renewals, pricing discipline and asset-level fundamentals will separate outperformers from the rest. The SFR/BTR sector heads into 2026 with a more measured—but resilient—outlook. After a surge of new supply tested absorption in parts of the Sun Belt, fundamentals largely held steady through late 2025. Occupancy remained high, rents stabilized, and interest-rate-constrained would-be buyers continued to extend their time in rental housing, reinforcing demand even as

PHOENIX, Jan. 15, 2026 /PRNewswire/ — Real estate investors purchased over 34% of all single-family residential properties sold in the third quarter of 2025, the highest percentage in five years, according to the Q3 2025 Investor Pulse™ Report from BatchData. This share increased from 33% in Q2 2025 and rose nearly eight points from 25.5% in Q3 2024. Currently, investors own roughly 18% of the nation’s 86 million single-family homes. The Investor Pulse Report, prepared

Occupancy rates for senior housing increased in 2025 due to strong demand and limited inventory, underscoring the need for investment in new development, according to the National Investment Center for Seniors Housing & Care (NIC). Newly released data from NIC MAP found senior housing occupancy bumped up 2.2 percentage points, ending 2025 at 89.1%. This is up 0.4 percentage points from the third quarter, marking the 18th consecutive quarter

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