Commercial Real Estate & Business News – November 18, 2024

The White House has finalized an agreement to award a $6.6 billion CHIPS Act grant to Taiwan Semiconductor Manufacturing Co. and plans to disburse $1 billion to the chipmaker by the end of the year to support its Arizona factory site. The U.S. Department of Commerce on Friday said…»

Multifamily cap rates are returning to pre-pandemic levels, reigniting investor interest as property values stabilize and transaction activity picks up. A new report from American Landmark suggests the sector is poised for a moderate recovery driven by strong apartment demand…»

Axon’s controversial mixed-use development headquarters is one step closer to reality in Scottsdale. After a two-hour hearing, the Scottsdale Planning Commission voted unanimously to recommend the City Council approve the project proposed by the maker of Taser stun guns…»

A new Trump administration, with Republicans in charge of both chambers of Congress, likely means significant changes in various areas of law that could affect commercial real estate. One area is taxes, especially around extending deadlines—or making permanent—areas of the…»

Land Advisors Organization announced that its Homebuilding Team recently facilitated the sale of two adjacent land parcels in the City of Maricopa, Arizona. The transactions are slated to bring 431 new multifamily housing units to Maricopa, one of the nation’s fastest-growing cities…»