By Corina Vanek | Phoenix Business Journal
In the past 18 months, north Phoenix has become one of the most active commercial areas in the Valley, driven by the $12 billion first phase of the Taiwan Semiconductor Manufacturing Co. facility under construction.
In 2019, there were about $90 million worth of land transactions in the Deer Valley, Desert Ridge and north Interstate 17 submarkets, Mike Schwab, broker with Land Advisors Organization, said in a recent panel discussion hosted by the Phoenix Business Journal. After TSMC bought its land in late 2020, nearly half a billion dollars worth of land sales were recorded in those same submarkets in 2021.
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