Commercial Real Estate & Business News – December 7, 2022

TSMC to up Arizona Investment to $40 Billion With Second Semiconductor Chip Plant

President Joe Biden is joining the founder of Taiwan Semiconductor Manufacturing Co. on Tuesday to announce the opening of the company’s second chip plant in Arizona, raising its investment in the state from…»

DraftKings CEO Says Scottsdale Sports book Could be One of the World’s Busiest

The CEO of DraftKings Inc. (Nasdaq: DKNG) said the retail sports book the company is building in Scottsdale in conjunction with the PGA Tour, will be one of the premier gaming operations across the globe…»

New York Firm Buys, Plans to Upgrade Offices in Phoenix’s Scottsdale Airpark

An affiliate of Vero Capital, a New York-based investment firm, paid $47 million for an office building in north Scottsdale, one of greater Phoenix’s main office hubs. Vero bought the 175,713-square-foot Kierland 2 at…»

Dollar, Discount Stores Reign Supreme This Holiday Shopping Season

Discount and dollar stores are showing signs of strength heading into the busiest part of the holiday season, according to a new analysis of foot traffic to the largest US off-price chains. All showed foot traffic gains in the…»

Cannon Beach Developer Eyes Fall 2023 Opening; Possible Additional Valley Surf Parks

Cole Cannon hopes guests at his Mesa surf park will be able to hit the waves within a year. While he’s a native of Utah, Cannon spent about seven years in California where he learned to surf and developed a passion for it…»