November 15, 2024 4:55 pm
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Auction postponed for huge chunk of north Phoenix land

PROVIDED BY THE CITY OF PHOENIX

By Corina Vanek | Phoenix Business Journal

An Arizona State Land Department auction to sell 1,128 acres of land in north Phoenix has been postponed until December.

The land, which is part of a larger, 3,500 acre parcel, is the likely landing place for Taiwan Semiconductor Manufacturing Co. Ltd.’s $12 billion plant, multiple sources with knowledge of the deal confirmed in October to the Phoenix Business Journal. The land, which is currently owned by the state, had been set for a Nov. 2 auction, but is now scheduled to be auctioned on Dec. 9 for a minimum of $89 million.

Read the full subscription story from the Phoenix Business Journal.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.