Commercial Real Estate & Business News – February 29, 2024

The end to a nearly two-decade-long slog to develop a Ritz-Carlton resort hotel in Paradise Valley could be near, as construction on the hotel focuses on interior work and work on the hotel rooms and surrounding villas. At a projected $2 billion, it would be one of the largest…»

TSMC joined with its construction partners in a “topping out” ceremony — in which the last steel beam was raised into place — on the company’s second semiconductor fab in Phoenix, Arizona. This month, TSMC also completed the topping milestone on the second fab’s auxiliary buildings…»

ORION Investment Real Estate has brokered the purchase of a multi-tenant retail pad building at the southeast corner of Litchfield and Waddell roads in Surprise, a suburb northwest of Phoenix. Fox Properties Surprise LLC acquired the asset form Parkview Realty Investments LLC…»

Dominium, one of the nation’s leading owners, developers and managers of affordable housing, broke ground on a combined 605 units for family and senior affordable housing in Glendale on Feb. 27. Elected officials for Glendale and Maricopa County joined in the festivities, as well…»

Smalls Sliders, an Atlanta-based cheeseburger chain backed by former New Orleans Saints quarterback Drew Brees and private equity firm 10 Point Capital, has signed its largest franchise agreement to date to bring more than 20 locations to the Phoenix metro. The move extends the…»