Commercial Real Estate & Business News – November 20, 2020

TSMC Wins Approval From Phoenix for $12 Billion Chip Plant
City officials in Phoenix, Arizona approved a slate of financial incentives and government support for Taiwan Semiconductor Manufacturing Co.’s planned $12 billion chip plant, a step toward bringing high-tech manufacturing to the U.S. and addressing national…»
Westcore Breaks Ground on 3-building Industrial Park in Avondale
Westcore, a leading industrial real estate acquisition, development and asset management firm, broke ground this month on a 720,000-square-foot, three-building industrial campus. Named Fairway 10, the campus is located on 51 acres of land at 199th Ave…»
12M Workers Set to Lose Unemployment Benefits
A new challenge is coming for American workers and businesses. The CARES Act included a expiration date of December 26 for federal funding of pandemic unemployment assistance and pandemic emergency unemployment compensation…»
More Than a Quarter of Arizona’s New Residents Come from California, New Data Shows
Even before the novel coronavirus pandemic, people moving to Arizona from California represented 23% of all inbound residents over more than a decade. And more are on the way. Migration patterns from 2006 to 2018, studied by CBRE Group Inc. show, on average…»
ASU’s “enterprise” Model to Drive Arizona’s New Economy
From open spaces to open minds, Arizona has the “highest potential” of any state in the nation to successfully move into the new economy, said Arizona State University (ASU) president and innovation trailblazer Michael Crow. The university’s…»