Daily news 7-24-2026. New apartments planned near TSMC as north Phoenix growth continues A North Carolina-based developer with plans for several Valley projects closed on land for a north Phoenix development, an apartment complex in Norterra. Crescent Communities bought the 8.5-acre site near Interstate 17 and Jomax Road for $11.69 million, according to real estate database Vizzda. The site is part of the 600-acre Norterra master-planned development. Construction is expected to begin immediately on the development, called Novel Norterra, a four-story project..." Semiconductor boom drive massive AZ economic development growth Driven largely by semiconductor firms going all in on Arizona, the past 12 months were the most successful for economic development in state history. That's according to the latest fiscal year annual report from the Arizona Commerce Authority, which shows that companies announced plans to invest over $109 billion in new projects and other economic development activity in the state that resulted in some 26,225 projected new jobs created from July 2025 through June of this..." Institutional Owners Are Offloading More Homes Under New Rules Institutional owners of single-family rentals have more than doubled the number of homes they are bringing to market since February, a shift that Parcl Labs says offers an early read on how Wall Street is repositioning in response to Washington's new buying ban. As of this month, 9,447 homes owned by institutional investors are listed for sale, up from 4,166 on Feb. 1, when Parcl Labs launched its full research effort, representing about $3.1 billion in total asking price. "The rate of for-sale..." Smaller Banks Drive CRE Lending Growth as Large Banks Retreat From Construction Bank lending for commercial real estate is beginning to expand again after two years of tighter credit conditions, but the recovery looks markedly different depending on the type of loan and the size of the lender, according to an analysis of first-quarter 2026 Call Report data by Trepp. Owner-occupied and income-producing CRE loan balances grew both across the banking industry and at the typical institution over the past year. Construction lending was the notable exception: Large banks..." Construction begins of 1.1M SF GO|99 North Willmeng Construction recently began work on GO|99 North, the newest 1 million square foot speculative industrial building in the Valley. For developer GO Industrial, the 1.1 million square foot, Class A warehouse and distribution facility is the largest single building the company has brought to market. Designed by DLR Group, GO|99 North is the firm's second development along 99th Ave. in SW Phoenix. GO|99 South, a three building, 1.28 million square foot industrial park, was built by..."

Crescent debuts 151-unit Lawrenceville BTR community. News | June 1, 2026 | Mike Boyd Atlanta & Southeast + Apartment Buildings Crescent Communities opened its latest build-to-rent community, this one in Lawrenceville. The 151-unit project will be Crescent Communities' 13th multifamily investment in the greater Atlanta market. Its the first under its Harmon brand. Harmon Cedar Run includes a mix of new townhomes and single-family houses with three or four bedrooms, none of them for sale. Rents for two-story townhomes at Harmon Cedar Run start at $2,545 monthly. That gets three bedrooms and two and 1/2 bathrooms in 1,663 square feet. Rents for standalone houses start at $3,025 for an option with three bedrooms, two and 1/2 bathrooms, and 2,210 square feet. All townhomes and houses include two-car garages. Communal amenities at Harmon Cedar Run include a pickleball and basketball court, a large pool, a playground, pet spaces, and EV outlets in each garage. The HARMON portfolio is supported through its joint venture partnership with an account managed by Heitman LLC, which recently increased its commitment from $235 million to $345 million.

Crescent Communities breaks ground on suburban Atlanta project. The development is taking shape at the site of a former shopping mall. Crescent Communities, in partnership with EDENS and NTT Urban Development, has broken ground on Novel Lulah Hills, a 303-unit multifamily community in Decatur, Ga. The project is part of the redevelopment of the former North DeKalb Mall. Novel Lulah Hills is the first vertical component of the project. The six-story building will offer studios and one-, two- and three-bedroom units, as well as 39,000 square feet of retail space on the ground floor. First move-ins are expected in late 2027. The community will include the Mercantile Club, an interactive resident hub, as well as a a resort-inspired courtyard and pool with cabanas, a fitness studio called the Rose Room and the Gathering Place, a diner-inspired lounge. Plans for the Lulah Hills redevelopment, which is on a 78-acre site, call for a total of 1,800 residential units, along with 300,000 square feet of retail and restaurant space, a new Publix grocery store, and green spaces that connect to nearby landmarks including the Clyde Shepherd Nature Preserve and Emory University. When it comes online, Novel Lulah Hills will be located approximately seven miles outside Atlanta. Additions at the redevelopment. EDENS acquired the North DeKalb Mall property in 2021 and began demolition in mid-2024, with master site work beginning in early 2025. The Publix store, an AMC Theatres cinema and a Marshalls outlet remain from the previous mall. EDENS is bringing in new retailers to the site, including Anthropologie, Design Within Reach, Herman Miller, Firepit Pizza Tavern and Honeysuckle Gelato, among others. The local chain Refuge Coffee will open this spring in a former gas station near the property. Japan-based NTT Urban Development is the capital partner on the project, its latest U.S. investment. The company has been active in other major American markets, including New York, Boston and Dallas. Novel Lulah Hills marks NTTUD's second collaboration with Crescent Communities and its first investment in the Atlanta market. Other members of the Novel Lulah Hills development team include interior designer Bandura Design and architecture firm Dwell Design Studio. Fortune-Johnson is the project's general contractor, while LandDesign is the landscape architect. Crescent Communities and EDENS previously collaborated on Novel Atherton in Charlotte's Atherton Mill neighborhood and Novel Upper Westside in Atlanta's Moores Mill district. Novel West Midtown, a recent development near the future Westside Beltline Trail and Westside Reservoir Park, stabilized late last year. Development robust in greater Atlanta. Developers added 22,026 multifamily units in metro Atlanta in 2025, according to Yardi Matrix data. That's the fourth-highest delivery volume in the nation. In February, Thompson Thrift started work on Lineage, a 300-unit community in Dacula, Ga., whose first units are scheduled for delivery in April 2028. The four-story property will occupy 15 acres and feature one- to three-bedroom floorplans. That same month, Toro Development Co. broke ground on Overlook, a 301-unit multifamily development within the 95-acre Cumming City Center mixed-use district in Cumming, Ga. The first units at the development will be delivered in the fall of 2027.