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<title>Bisnow News Feed</title>
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<description>Bisnow Phoenix News</description>
<docs>http://blogs.law.harvard.edu/tech/rss</docs>
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<title>Gated Rental Community In Surprise Sold For $55M</title>
<link>https://www.bisnow.com/phoenix/news/build-to-rent/christopher-todd-capital-buys-surprise-rental-home-community-from-former-partner-132064</link>
<guid>https://www.bisnow.com/phoenix/news/build-to-rent/christopher-todd-capital-buys-surprise-rental-home-community-from-former-partner-132064</guid>
<description>Christopher Todd Capital purchased a 193-home rental community in the Phoenix suburb of Surprise for $55M last week, Phoenix Business Journal reported.</description>
<author>jessica.beebe@bisnow.com</author>
<pubDate>Tue, 25 Nov 2025 14:27:31 -0500</pubDate>
<content:encoded><![CDATA[Christopher Todd Capital purchased a 193-home rental community in the Phoenix suburb of Surprise for $55M last week, Phoenix Business Journal reported.]]></content:encoded>
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<title>Tempe Moves Forward On Affordable Housing Project With Zoning Carve-Out</title>
<link>https://www.bisnow.com/phoenix/news/affordable-housing/tempe-rezoning-clears-way-for-360-affordable-housing-units-131937</link>
<guid>https://www.bisnow.com/phoenix/news/affordable-housing/tempe-rezoning-clears-way-for-360-affordable-housing-units-131937</guid>
<description>Tempe city councilors on Nov. 13 passed a zoning ordinance clearing the way for a new housing development that will add 360 affordable housing units to the city. </description>
<author>jessica.beebe@bisnow.com</author>
<pubDate>Tue, 18 Nov 2025 09:13:55 -0500</pubDate>
<content:encoded><![CDATA[Tempe city councilors on Nov. 13 passed a zoning ordinance clearing the way for a new housing development that will add 360 affordable housing units to the city. ]]></content:encoded>
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<title>Phoenix CRE Women Leaders Discuss The Value of Teamwork, Industry Connections And Strong Work Culture</title>
<link>https://www.bisnow.com/phoenix/news/women/phoenix-cre-women-discuss-the-value-of-teamwork-industry-connections-and-strong-work-culture-131854</link>
<guid>https://www.bisnow.com/phoenix/news/women/phoenix-cre-women-discuss-the-value-of-teamwork-industry-connections-and-strong-work-culture-131854</guid>
<author>julia.troy@bisnow.com</author>
<pubDate>Wed, 12 Nov 2025 14:34:07 -0500</pubDate>
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<title>Perez McGee Managing Principal And CEO Talks Phoenix Multifamily Oversupply At Bisnow's Oct. 23 Event</title>
<link>https://www.bisnow.com/phoenix/news/architecture-design/perez-mcgee-phoenix-multifamily-oversupply-studiob-130960</link>
<guid>https://www.bisnow.com/phoenix/news/architecture-design/perez-mcgee-phoenix-multifamily-oversupply-studiob-130960</guid>
<description>Phoenix’s apartment boom has run into a wall of supply, while construction and operating cost pressures have yet to relent. 
With thousands of units still set to deliver in 2025, developers are contending with slower rent growth and longer lease-up...</description>
<author>marynia.kruk@bisnow.com</author>
<pubDate>Mon, 15 Sep 2025 12:23:45 -0400</pubDate>
<content:encoded><![CDATA[Phoenix’s apartment boom has run into a wall of supply, while construction and operating cost pressures have yet to relent. 
With thousands of units still set to deliver in 2025, developers are contending with slower rent growth and longer lease-up times coupled with continuing labor and supply chain bottlenecks, said Daniel Perez, co-founder, managing principal and CEO of architecture and development firm Perez McGee, powered by IntegralENG.
He said the supply glut in Phoenix is forcing developers to balance design with efficiency in new projects. 
“We’re seeing developers rethink amenity design,” said Perez, who is also vice president of development and construction at Senior Resource Group....]]></content:encoded>
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<title>Securing America's Tech Edge: PCL Construction's Approach To Building Semiconductor Fabs</title>
<link>https://www.bisnow.com/phoenix/news/industrial/semiconductor-fabs-pcl-construction-studiob-130926</link>
<guid>https://www.bisnow.com/phoenix/news/industrial/semiconductor-fabs-pcl-construction-studiob-130926</guid>
<description>Semiconductor manufacturing is poised for rapid growth in the U.S. due to a combination of the rise of artificial intelligence, national security concerns and a renewed focus on improving supply chain resilience. 
Since 2022, the CHIPS and Science Act...</description>
<author>john.knowles@bisnow.com</author>
<pubDate>Thu, 11 Sep 2025 15:59:07 -0400</pubDate>
<content:encoded><![CDATA[Semiconductor manufacturing is poised for rapid growth in the U.S. due to a combination of the rise of artificial intelligence, national security concerns and a renewed focus on improving supply chain resilience. 
Since 2022, the CHIPS and Science Act has been instrumental in not only reviving domestic manufacturing but also attracting more foreign investors to move or build semiconductor facilities in the United States. 
This expanded in July with the passing of President Donald Trump’s One Big Beautiful Bill Act. The legislation encouraged global companies, such as Taiwan Semiconductor Manufacturing Co., Intel, Samsung and Micron, to invest in the U.S. for their new...]]></content:encoded>
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<title>General Contractor Eyes Expansion In Phoenix's Growing CRE Scene</title>
<link>https://www.bisnow.com/phoenix/news/construction-development/general-contractor-phoenix-expansion-pcl-construction-studiob-129798</link>
<guid>https://www.bisnow.com/phoenix/news/construction-development/general-contractor-phoenix-expansion-pcl-construction-studiob-129798</guid>
<description>Phoenix has risen as one of the top cities for commercial real estate development in the past few years, and this momentum is not expected to stop any time soon.
Bolstered by a growing population, an active industrial market and its status as an entertainment...</description>
<author>john.knowles@bisnow.com</author>
<pubDate>Mon, 16 Jun 2025 15:52:15 -0400</pubDate>
<content:encoded><![CDATA[Phoenix has risen as one of the top cities for commercial real estate development in the past few years, and this momentum is not expected to stop any time soon.
Bolstered by a growing population, an active industrial market and its status as an entertainment hub, Phoenix is an attractive place for businesses and families to live and grow.
General contracting firm PCL Construction has worked on civil infrastructure projects in the Phoenix area for more than 30 years. PCL District Manager David Campbell said the company is establishing an even larger footprint in the region due to its dynamic market and diverse economy.
PCL...]]></content:encoded>
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<title>$325M Of Nonperforming Debt On Coliving Buildings Up For Sale</title>
<link>https://www.bisnow.com/national/news/capital-markets/325m-in-debt-on-social-living-company-x-co-apartments-hits-the-market-129542</link>
<guid>https://www.bisnow.com/national/news/capital-markets/325m-in-debt-on-social-living-company-x-co-apartments-hits-the-market-129542</guid>
<description>The debt on two properties totaling 785 units in Phoenix and Denver has hit the market. </description>
<author>emily.wishingrad@bisnow.com</author>
<pubDate>Wed, 28 May 2025 11:20:45 -0400</pubDate>
<content:encoded><![CDATA[The debt on two properties totaling 785 units in Phoenix and Denver has hit the market. ]]></content:encoded>
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<title>'Truly Collaborative': Colliers Engineering &amp; Design’s Chad Riddle Talks Data Center Site Selection </title>
<link>https://www.bisnow.com/phoenix/news/data-center/southwest-datacenter-colliers-studiob-128353</link>
<guid>https://www.bisnow.com/phoenix/news/data-center/southwest-datacenter-colliers-studiob-128353</guid>
<description>The data center boom in the Southwest is drawing real estate developers eager to capitalize on surging demand. But navigating the market’s nuances and pitfalls — from securing power and water to overcoming land use challenges — isn’t easy, especially...</description>
<author>marynia.kruk@bisnow.com</author>
<pubDate>Wed, 05 Mar 2025 14:33:56 -0500</pubDate>
<content:encoded><![CDATA[The data center boom in the Southwest is drawing real estate developers eager to capitalize on surging demand. But navigating the market’s nuances and pitfalls — from securing power and water to overcoming land use challenges — isn’t easy, especially for new entrants.
“Nearly every large end user of data centers has planted their flag in Phoenix,” says Chad Riddle, civil and site development department manager with Colliers Engineering & Design. “You've got your Facebooks, Googles and Microsofts of the world — all the hyperscalers. They saw the opportunity and they put down their flags here.”
The Southwest continues to attract new...]]></content:encoded>
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<title>Getting It Built Faster: Why Projects Are Adopting Panelized Construction Methods</title>
<link>https://www.bisnow.com/phoenix/news/construction-development/hercutech-housing-modular-studiob-126664</link>
<guid>https://www.bisnow.com/phoenix/news/construction-development/hercutech-housing-modular-studiob-126664</guid>
<description>Traditional construction methods are time-consuming and labor-intensive, requiring the use of skilled tradespeople who are increasingly in short supply, said Jason Rhees, CEO of HercuTech, a manufacturer of panelized wall systems.
Conventional approaches...</description>
<author>marynia.kruk@bisnow.com</author>
<pubDate>Wed, 06 Nov 2024 16:37:21 -0500</pubDate>
<content:encoded><![CDATA[Traditional construction methods are time-consuming and labor-intensive, requiring the use of skilled tradespeople who are increasingly in short supply, said Jason Rhees, CEO of HercuTech, a manufacturer of panelized wall systems.
Conventional approaches have other downsides too. Volatile lumber and other material prices bring unpredictability to construction budgets. Conventional methods also generate waste while yielding an end product that isn’t particularly energy-efficient to operate.
That’s why Rhees said forward-thinking developers are experimenting with panelized construction, also known as prefab or off-site construction. This approach manufactures a building’s components in a factory and then assembles them on-site.
Panelized construction isn’t new, but the technology is evolving rapidly...]]></content:encoded>
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<title>How A Growing Arizona City Aims To Get The Right Balance Of Real Estate Assets </title>
<link>https://www.bisnow.com/phoenix/news/commercial-real-estate/how-a-growing-arizona-town-aims-to-get-the-right-balance-of-real-estate-assets-126285</link>
<guid>https://www.bisnow.com/phoenix/news/commercial-real-estate/how-a-growing-arizona-town-aims-to-get-the-right-balance-of-real-estate-assets-126285</guid>
<description>City planners all have the same end goal: to deliver the right balance of commercial and residential real estate to create vibrant, productive communities. But as their strategies evolve to reflect our increasingly digital world, a common challenge is...</description>
<author>felicity.francis@bisnow.com</author>
<pubDate>Tue, 15 Oct 2024 05:18:03 -0400</pubDate>
<content:encoded><![CDATA[City planners all have the same end goal: to deliver the right balance of commercial and residential real estate to create vibrant, productive communities. But as their strategies evolve to reflect our increasingly digital world, a common challenge is how to strengthen existing assets while making room for new ones.
This is what Peoria, Arizona, northwest of Phoenix, has set out to do with its master plan to develop two key sites in the city, said David Valenzuela, chief business attraction officer for the City of Peoria Economic Development Services Department. The city has a unique opportunity to use undeveloped land...]]></content:encoded>
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<title>‘Establishing A Footprint’: How One Commercial Lender Is Expanding Its Operations In Phoenix And Beyond </title>
<link>https://www.bisnow.com/phoenix/news/commercial-real-estate/commercial-lender-west-coast-phoenix-trez-capital-studio-126173</link>
<guid>https://www.bisnow.com/phoenix/news/commercial-real-estate/commercial-lender-west-coast-phoenix-trez-capital-studio-126173</guid>
<description>Phoenix has experienced remarkable growth in recent years, driven by its expanding population, robust economy and favorable business environment. The city’s quality of life, combined with low taxes and pro-business policies, makes it a magnet for commercial...</description>
<author>john.knowles@bisnow.com</author>
<pubDate>Fri, 04 Oct 2024 12:51:03 -0400</pubDate>
<content:encoded><![CDATA[Phoenix has experienced remarkable growth in recent years, driven by its expanding population, robust economy and favorable business environment. The city’s quality of life, combined with low taxes and pro-business policies, makes it a magnet for commercial real estate investors.
Sectors like data centers, life sciences and healthcare have particularly thrived, positioning Phoenix as a key destination for investment in the Sun Belt. These trends underscore the city's evolution into a major hub for innovation and development, fueled by demographic and economic factors​. But investment and commercial lending firms like Trez Capital have seen Phoenix’s potential since the early 2000s.
“Phoenix was...]]></content:encoded>
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<title>‘Bidding Competitively And Winning Deals’: Why Private Capital Remains An Integral Part Of Phoenix CRE</title>
<link>https://www.bisnow.com/phoenix/news/capital-markets/bidding-competitively-and-winning-deals-why-private-capital-remains-an-integral-part-of-phoenix-cre-126016</link>
<guid>https://www.bisnow.com/phoenix/news/capital-markets/bidding-competitively-and-winning-deals-why-private-capital-remains-an-integral-part-of-phoenix-cre-126016</guid>
<description>As one of the best-performing commercial real estate markets in the Sun Belt, Phoenix continues to attract investors from across the country. 
The city’s multifamily market saw record property sale values from 2021 to 2023, averaging $11.3B annually...</description>
<author>emily.lynch@bisnow.com</author>
<pubDate>Mon, 23 Sep 2024 14:25:59 -0400</pubDate>
<content:encoded><![CDATA[As one of the best-performing commercial real estate markets in the Sun Belt, Phoenix continues to attract investors from across the country. 
The city’s multifamily market saw record property sale values from 2021 to 2023, averaging $11.3B annually — a 72% increase from 2017 to 2019. 
Similarly, transaction volume in its industrial market exceeded $4.2B from 2021 to 2023, representing a 93% hike from 2017 to 2019. Private investors accounted for the vast majority of these transactions, said Brian Smuckler, senior managing director at JLL. 
Smuckler said private capital will continue to play a consequential role in Phoenix’s CRE market in the next year, with competitive...]]></content:encoded>
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<title>Shaping A City: The Impact Of Commercial Architectural Design</title>
<link>https://www.bisnow.com/phoenix/news/architecture-design/davis-architecture-firm-shaping-city-studiob-125777</link>
<guid>https://www.bisnow.com/phoenix/news/architecture-design/davis-architecture-firm-shaping-city-studiob-125777</guid>
<description>Good architectural design is visually appealing, but its impact extends far beyond aesthetics. A thoughtfully designed building should also serve as a catalyst for economic growth and social transformation, said Mike Krentz, president of DAVIS, a Phoenix-based...</description>
<author>marynia.kruk@bisnow.com</author>
<pubDate>Thu, 05 Sep 2024 11:53:05 -0400</pubDate>
<content:encoded><![CDATA[Good architectural design is visually appealing, but its impact extends far beyond aesthetics. A thoughtfully designed building should also serve as a catalyst for economic growth and social transformation, said Mike Krentz, president of DAVIS, a Phoenix-based architecture, interior and urban design firm
“It’s a powerful force that can shape a city’s identity,” Krentz said. “A well-designed project is like a pebble dropped into a pond. It causes ripples radiating outward from the pebble’s impact.”
Think of the Eiffel Tower. A structure that has had immeasurable impact since it was erected in 1889, it is a major direct and indirect driver of tourism...]]></content:encoded>
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<title>How One Architectural Firm Is Shaping An Urban Oasis In Arizona</title>
<link>https://www.bisnow.com/phoenix/news/architecture-design/architectural-firm-urban-oasis-davis-studiob-123256</link>
<guid>https://www.bisnow.com/phoenix/news/architecture-design/architectural-firm-urban-oasis-davis-studiob-123256</guid>
<description>The desert community of Tempe, Arizona, 20 minutes outside of Phoenix, depends on water access to flourish. One of its most important sources is Tempe Town Lake, an urban waterfront fed by the Salt River.
DAVIS, an architectural, interior and urban...</description>
<author>john.knowles@bisnow.com</author>
<pubDate>Fri, 08 Mar 2024 16:36:47 -0500</pubDate>
<content:encoded><![CDATA[The desert community of Tempe, Arizona, 20 minutes outside of Phoenix, depends on water access to flourish. One of its most important sources is Tempe Town Lake, an urban waterfront fed by the Salt River.
DAVIS, an architectural, interior and urban design firm based in Phoenix, has been at the forefront of development around Tempe Town Lake for nearly three decades. 
“Since Centerpoint, our first mixed-use project back in the mid-’90s in the heart of downtown Tempe, we've taken an active role in the development around Tempe Town Lake,” DAVIS Principal Architect and Project Designer Richard Drinkwater said. “We want to create a unique...]]></content:encoded>
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<title>WeWork Moves To Reject 9 More Leases As Landlords Push For Back Rent</title>
<link>https://www.bisnow.com/national/news/coworking/wework-rejects-9-more-leases-nationwide-as-bankruptcy-grinds-on-122666</link>
<guid>https://www.bisnow.com/national/news/coworking/wework-rejects-9-more-leases-nationwide-as-bankruptcy-grinds-on-122666</guid>
<description>WeWork wants to add nine more locations to its pile of rejected leases, according to a motion filed in bankruptcy court Wednesday, the latest move by the company to reduce its portfolio as it seeks to emerge from its emergency restructuring.
Its decision...</description>
<author>dees.stribling@bisnow.com</author>
<pubDate>Wed, 31 Jan 2024 15:49:24 -0500</pubDate>
<content:encoded><![CDATA[WeWork wants to add nine more locations to its pile of rejected leases, according to a motion filed in bankruptcy court Wednesday, the latest move by the company to reduce its portfolio as it seeks to emerge from its emergency restructuring.
Its decision not to pay January rent to landlords who won't agree to discounts has gotten even more pushback, as seven WeWork landlords filed motions Tuesday asking the judge overseeing its bankruptcy to compel the coworking company to pay rent. Two of those landlords own locations on the latest lease rejection list.]]></content:encoded>
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<title>The 16 Deals And Trends That Defined 2023</title>
<link>https://www.bisnow.com/national/news/commercial-real-estate/the-16-deals-and-trends-that-defined-2023-122182</link>
<guid>https://www.bisnow.com/national/news/commercial-real-estate/the-16-deals-and-trends-that-defined-2023-122182</guid>
<description>Bisnow started off the year with a prediction that “you’re probably going to lose money in 2023,” and, well, much of the commercial real estate industry is probably quite happy to put the year in the rearview mirror. From bank failures and layoffs...</description>
<author>catie@bisnow.com</author>
<pubDate>Tue, 19 Dec 2023 23:53:11 -0500</pubDate>
<content:encoded><![CDATA[Bisnow started off the year with a prediction that “you’re probably going to lose money in 2023,” and, well, much of the commercial real estate industry is probably quite happy to put the year in the rearview mirror. From bank failures and layoffs to foreclosures, interest rate hikes and an awful lot of pickleball, CRE was kept on its toes. At least that recession never hit.
As we turn the page to 2024 — another year, perhaps, to plug your nose and get through — Bisnow looked back on the driving forces of 2023. 
— Catie Dixon, Managing Editor]]></content:encoded>
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<title>Political Backlash Against DEI Having A ‘Chilling Effect’ On CRE's Diversity Push</title>
<link>https://www.bisnow.com/national/news/commercial-real-estate/political-backlash-against-dei-having-a-chilling-effect-on-cres-diversity-push-121882</link>
<guid>https://www.bisnow.com/national/news/commercial-real-estate/political-backlash-against-dei-having-a-chilling-effect-on-cres-diversity-push-121882</guid>
<author>ethan.rothstein@bisnow.com</author>
<pubDate>Thu, 30 Nov 2023 17:03:57 -0500</pubDate>
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<title>Creating An Active Senior Living Experience: Senior Resource Group At Bisnow’s Scottsdale Event On Nov. 30</title>
<link>https://www.bisnow.com/phoenix/news/multifamily/future-scottdale-bisnow-event-senior-resource-group-studiob-121357</link>
<guid>https://www.bisnow.com/phoenix/news/multifamily/future-scottdale-bisnow-event-senior-resource-group-studiob-121357</guid>
<description>Phoenix is taking proactive steps to strengthen continuing care communities by building more facilities to meet lifestyle and wellness demands of the growing senior demographic. With more than 9M SF built and $1B invested in this sector, this sizable...</description>
<author>john.knowles@bisnow.com</author>
<pubDate>Thu, 26 Oct 2023 16:58:26 -0400</pubDate>
<content:encoded><![CDATA[Phoenix is taking proactive steps to strengthen continuing care communities by building more facilities to meet lifestyle and wellness demands of the growing senior demographic. With more than 9M SF built and $1B invested in this sector, this sizable growth in the Phoenix metro area is helping seniors live a more active lifestyle with purposeful amenities. 
Senior Resource Group, or SRG, a developer and operator of senior living facilities throughout the U.S., is growing its footprint in the Phoenix metro area, specifically Scottsdale, by helping to create more amenitized spaces for the elderly population. 
“Gone are the days when senior living was an...]]></content:encoded>
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<title>‘A Preservationist's Dream’: How Adaptive Reuse Is Making What’s Old New Again In Phoenix</title>
<link>https://www.bisnow.com/phoenix/news/architecture-design/phoenix-mixed-use-spaces-community-davis-studiob-120986</link>
<guid>https://www.bisnow.com/phoenix/news/architecture-design/phoenix-mixed-use-spaces-community-davis-studiob-120986</guid>
<description>In an age where developers are exploring urban expansion with an eye toward adopting more sustainable building practices, adaptive reuse has emerged as a beacon, offering benefits that positively transform existing neighborhoods and cities. 
Adaptive...</description>
<author>john.knowles@bisnow.com</author>
<pubDate>Thu, 05 Oct 2023 16:51:18 -0400</pubDate>
<content:encoded><![CDATA[In an age where developers are exploring urban expansion with an eye toward adopting more sustainable building practices, adaptive reuse has emerged as a beacon, offering benefits that positively transform existing neighborhoods and cities. 
Adaptive reuse is a sustainable and innovative solution for those looking to preserve an area’s cultural heritage while reducing environmental impact and fostering vibrant communities.
DAVIS, a Phoenix-based architectural, interior and urban design firm, specializes in mixed-use conversions and is doing its part to use this solution to turn vacant buildings into high-performing assets. 
With a growing number of obsolete Phoenix buildings, converting them to a new use would bring more...]]></content:encoded>
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<title>FOR LEASE: Light-Filled Creative Office And Tech Hub In Highly Walkable Old Town Scottsdale</title>
<link>https://www.bisnow.com/phoenix/news/office/galleria-scottsdale-stockdale-studiob-120643</link>
<guid>https://www.bisnow.com/phoenix/news/office/galleria-scottsdale-stockdale-studiob-120643</guid>
<description>Introducing Galleria, a Class-A office property and exceptional workspace in Scottsdale, Arizona.
The 547K SF Galleria consists of two buildings connected by a skybridge and a light-filled atrium. Located at the bustling intersection of Scottsdale Road...</description>
<author>john.krukowski@bisnow.com</author>
<pubDate>Wed, 13 Sep 2023 14:23:48 -0400</pubDate>
<content:encoded><![CDATA[Introducing Galleria, a Class-A office property and exceptional workspace in Scottsdale, Arizona.
The 547K SF Galleria consists of two buildings connected by a skybridge and a light-filled atrium. Located at the bustling intersection of Scottsdale Road and Drinkwater Boulevard, the campus is ideal for creative and technology-driven tenants looking for a prime location in Old Town Scottsdale — Arizona’s premier shopping and entertainment district.
Owner and manager Stockdale Capital Partners and Galleria will host Bisnow’s Phoenix State of the Market conference on Oct. 12. Register here for the event.]]></content:encoded>
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<title>Go West, NRP: One Of Country's Largest Multifamily Developers Opens 2 New Markets</title>
<link>https://www.bisnow.com/national/news/multifamily/the-nrp-group-expands-into-2-new-markets-119583</link>
<guid>https://www.bisnow.com/national/news/multifamily/the-nrp-group-expands-into-2-new-markets-119583</guid>
<description>The NRP Group, one of the nation’s largest developers, builders and managers of multifamily properties, is expanding west from its Midwestern roots to develop mixed-income and affordable housing in Phoenix and Las Vegas for the first time. </description>
<author>kayla.carmicheal@bisnow.com</author>
<pubDate>Tue, 27 Jun 2023 16:52:46 -0400</pubDate>
<content:encoded><![CDATA[The NRP Group, one of the nation’s largest developers, builders and managers of multifamily properties, is expanding west from its Midwestern roots to develop mixed-income and affordable housing in Phoenix and Las Vegas for the first time. ]]></content:encoded>
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<title>‘There’s So Much Room For Expansion’ In Phoenix's SFR Market</title>
<link>https://www.bisnow.com/phoenix/news/commercial-real-estate/phoenix-cre-sfr-catamount-constructors-studiob-118370</link>
<guid>https://www.bisnow.com/phoenix/news/commercial-real-estate/phoenix-cre-sfr-catamount-constructors-studiob-118370</guid>
<description>As rising interest rates and record-high inflation continue to lock potential homebuyers out of the single-family housing market, the need for single-family rentals is rising. This is particularly true in cities like Phoenix where 40% of households are...</description>
<author>emily.lynch@bisnow.com</author>
<pubDate>Mon, 03 Apr 2023 13:25:42 -0400</pubDate>
<content:encoded><![CDATA[As rising interest rates and record-high inflation continue to lock potential homebuyers out of the single-family housing market, the need for single-family rentals is rising. This is particularly true in cities like Phoenix where 40% of households are rentals.
Phoenix is one of the fastest-growing cities in the nation with a population increase of more than 11% since 2010. This population boom, paired with locals’ affinity for rentals and new jobs flooding into the area is further driving the need for SFRs.
“I think Phoenix will continue to lead the nation in the SFR market,” Catamount Constructors Denver Division President Mark Barton said. “Industrial projects continue...]]></content:encoded>
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<title>How Increased Material Costs And Lead Times Have Impacted The Way General Contractors Conduct Business</title>
<link>https://www.bisnow.com/phoenix/news/construction-development/material-costs-market-uncertainty-renaissance-construction-studiob-118226</link>
<guid>https://www.bisnow.com/phoenix/news/construction-development/material-costs-market-uncertainty-renaissance-construction-studiob-118226</guid>
<description>Since 2020, CRE construction has witnessed unprecedented materials pricing escalations and excessive lead times, accentuated by rising interest rates, record-high inflation and labor shortages. From 2020 to 2021, materials costs increased overall...</description>
<author>emily.lynch@bisnow.com</author>
<pubDate>Thu, 23 Mar 2023 16:08:11 -0400</pubDate>
<content:encoded><![CDATA[Since 2020, CRE construction has witnessed unprecedented materials pricing escalations and excessive lead times, accentuated by rising interest rates, record-high inflation and labor shortages. From 2020 to 2021, materials costs increased overall by nearly 20%.
As of May 2022, overall construction materials costs escalated by almost 52%, with some materials like diesel fuel increasing 400% from 2020. 
While materials costs are expected to cool off as 2023 continues, uncertainty still plagues the industry, increasing the need for reliable general contractors who can work in a timely and effective manner. For Renaissance Construction, an Arizona-based general contractor, adapting to tough market conditions is nothing new.
“What we've seen is that the constraint of capital has...]]></content:encoded>
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<title>Short-Term Rentals Near Super Bowl Stadium Triple In Price Before Game</title>
<link>https://www.bisnow.com/national/news/hotel/surge-pricing-hits-phoenix-hospitality-market-ahead-of-super-bowl-117567</link>
<guid>https://www.bisnow.com/national/news/hotel/surge-pricing-hits-phoenix-hospitality-market-ahead-of-super-bowl-117567</guid>
<description>Ahead of Sunday's big game, pricing for short-term rentals in Super Bowl host city Glendale, Arizona, are more than three times higher than a week ago, according to AirDNA, a short-term rental data company.
The average short-term rental property in Glendale...</description>
<author>dees.stribling@bisnow.com</author>
<pubDate>Wed, 08 Feb 2023 10:43:07 -0500</pubDate>
<content:encoded><![CDATA[Ahead of Sunday's big game, pricing for short-term rentals in Super Bowl host city Glendale, Arizona, are more than three times higher than a week ago, according to AirDNA, a short-term rental data company.
The average short-term rental property in Glendale now costs around $740 per night but was about $225 per night last weekend. Rates are likewise up in all of metro Phoenix.
As rates balloon to meet demand, supply starts to increase as well, The Wall Street Journal reports. This time last year, there were only about 550 units on the market in Glendale. Now there are more than 1,050.
“The market swells with...]]></content:encoded>
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<title>Taiwanese Semiconductor Maker Will Triple Investment In Arizona Project To $40B</title>
<link>https://www.bisnow.com/national/news/industrial/semiconductor-maker-to-triple-investment-in-new-arizona-factories-to-40b-116685</link>
<guid>https://www.bisnow.com/national/news/industrial/semiconductor-maker-to-triple-investment-in-new-arizona-factories-to-40b-116685</guid>
<description>Taiwan Semiconductor Manufacturing Co., which is developing a $12B chipmaking plant near Phoenix, will triple its investment to $40B with the addition of another facility on the site.
The company will make the announcement of the second facility on Tuesday...</description>
<author>dees.stribling@bisnow.com</author>
<pubDate>Tue, 06 Dec 2022 10:57:49 -0500</pubDate>
<content:encoded><![CDATA[Taiwan Semiconductor Manufacturing Co., which is developing a $12B chipmaking plant near Phoenix, will triple its investment to $40B with the addition of another facility on the site.
The company will make the announcement of the second facility on Tuesday during a site visit by President Joe Biden. Apple CEO Tim Cook and TSMC founder Morris Chang will also attend the event, which will mark the symbolic first moving of equipment on the project.
The president is expected to tout his administration's efforts to increase U.S. production of semiconductors after pandemic-inspired supply chain problems resulted in shortages of chips for vehicles and other goods, Reuters reports.
Earlier this...]]></content:encoded>
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<title>On The Rise: Phoenix's Population Boom Boosts Local CRE</title>
<link>https://www.bisnow.com/national/news/commercial-real-estate/as-people-flock-to-phoenix-its-cre-faces-headwinds-with-new-strength-116290</link>
<guid>https://www.bisnow.com/national/news/commercial-real-estate/as-people-flock-to-phoenix-its-cre-faces-headwinds-with-new-strength-116290</guid>
<description>With a growing population bringing thousands of working-age people to an increasingly diversifying economy and a resiliency tested by the depths of the Great Recession, Phoenix is pushing its way to prominence on the national stage, drawing investment...</description>
<author>dees.stribling@bisnow.com</author>
<pubDate>Tue, 08 Nov 2022 10:15:34 -0500</pubDate>
<content:encoded><![CDATA[With a growing population bringing thousands of working-age people to an increasingly diversifying economy and a resiliency tested by the depths of the Great Recession, Phoenix is pushing its way to prominence on the national stage, drawing investment and attention as it goes.
For 20 years, the Phoenix real estate market has displayed remarkably phoenix-like tendencies: rise, crash, rise again, with a vigor not seen in many other places, and with another recession looming, local CRE experts hope the maturation the city has seen in the last two decades will insulate it from the worst of the fallout.]]></content:encoded>
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<title>The BTR Boom Is Colliding With NIMBY Pushback. Local Planners Are Caught In The Middle</title>
<link>https://www.bisnow.com/national/news/build-to-rent/btr-nimby-planning-pushback-113711</link>
<guid>https://www.bisnow.com/national/news/build-to-rent/btr-nimby-planning-pushback-113711</guid>
<description>Local planning and zoning officials across the country are increasingly overwhelmed by the surge in build-to-rent community developments, as fear of the unknown, a lack of historical precedent and opposition to density drive a groundswell of NIMBYism...</description>
<author>olivia.lueckemeyer@bisnow.com</author>
<pubDate>Fri, 08 Jul 2022 11:42:16 -0400</pubDate>
<content:encoded><![CDATA[Local planning and zoning officials across the country are increasingly overwhelmed by the surge in build-to-rent community developments, as fear of the unknown, a lack of historical precedent and opposition to density drive a groundswell of NIMBYism against the product.]]></content:encoded>
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<title>As Wall Street Nudges The Nation Toward Rentership, Community Resentment And Pushback Are Building </title>
<link>https://www.bisnow.com/national/news/single-family-rentals/sfr-btr-investor-local-pushback-113668</link>
<guid>https://www.bisnow.com/national/news/single-family-rentals/sfr-btr-investor-local-pushback-113668</guid>
<author>olivia.lueckemeyer@bisnow.com</author>
<pubDate>Tue, 05 Jul 2022 20:10:34 -0400</pubDate>
<content:encoded><![CDATA[]]></content:encoded>
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<title>Phoenix May Be America's Hottest Data Center Market, But Challenges Lie Ahead</title>
<link>https://www.bisnow.com/national/news/data-center/phoenix-may-be-americas-hottest-data-center-market-but-challenges-lie-ahead-112929</link>
<guid>https://www.bisnow.com/national/news/data-center/phoenix-may-be-americas-hottest-data-center-market-but-challenges-lie-ahead-112929</guid>
<description>Phoenix’s growth as a data center market trails only Northern Virginia, but becoming the West’s answer to Data Center Alley will require overcoming some major speed bumps.</description>
<author>dan.rabb@bisnow.com</author>
<pubDate>Thu, 05 May 2022 17:09:27 -0400</pubDate>
<content:encoded><![CDATA[Phoenix’s growth as a data center market trails only Northern Virginia, but becoming the West’s answer to Data Center Alley will require overcoming some major speed bumps.]]></content:encoded>
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<title>Creation RE Forms Joint Venture With J.P. Morgan To Sink $1B Into Industrial Developments</title>
<link>https://www.bisnow.com/phoenix/news/industrial/creation-re-forms-joint-venture-with-jp-morgan-to-sink-1b-into-industrial-developments-112510</link>
<guid>https://www.bisnow.com/phoenix/news/industrial/creation-re-forms-joint-venture-with-jp-morgan-to-sink-1b-into-industrial-developments-112510</guid>
<description>A Phoenix-based real estate investment company is teaming up with finance giant J.P. Morgan Global Alternatives to invest $1B in seven development projects across the U.S.</description>
<author>olivia.lueckemeyer@bisnow.com</author>
<pubDate>Tue, 05 Apr 2022 12:43:22 -0400</pubDate>
<content:encoded><![CDATA[A Phoenix-based real estate investment company is teaming up with finance giant J.P. Morgan Global Alternatives to invest $1B in seven development projects across the U.S.]]></content:encoded>
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