Commercial Real Estate & Business News – April 24, 2023

Taiwan Semiconductor Manufacturing Co. is seeking up to $15 billion in tax credits and grants from the federal government to support its Arizona semiconductor plants amid concerns about subsidy criteria, the Wall Street Journal reported Wednesday. TSMC expects to receive…»

On behalf of KBC Advisors Arizona, Phoenix-based Stevens-Leinweber Construction (SLC) has started construction on Empire 101, a new Class A industrial project fronting the Loop 101 freeway, north of Cactus Road in Peoria, Arizona. Located just 12 minutes from the…»

Overlooking Tempe Town Lake, adjacent to the Arizona State University campus, a massive mixed-use development called the Novus Innovation Corridor is taking shape. Development is still underway, and it will continue for years to come. However, the project…»

A Las Vegas industrial developer is eyeing 600 acres for a new industrial center and mixed-use campus south of Phoenix that will represent an investment of more than $1 billion. Through two new projects in Casa Grande, IndiCap has proposed an industrial park…»

Arizona’s unemployment rate dropped again last month. It fell two-tenths of a percent to 3.5% from February into March. Arizona’s rate now matches the rest of the country’s. Doug Walls with the Arizona Department of Economic Opportunity says some…»