Kyle Backer

1 month ago | azbigmedia.com | Kyle Backer

In today’s interconnected world, airports facilitate the flow of people and goods that are essential for society to function. Phoenix-Mesa Gateway Airport is a prime example of how these pieces of critical infrastructure are not only economic powerhouses in their own right — it contributes $1.8 billion to Arizona’s economy annually, according to the airport — but also generates further investment from companies. On Dec.

1 month ago | azbigmedia.com | Kyle Backer

On March 10, Arizona House Speaker Steve Montenegro announced that the Arizona House of Representatives, in partnership with the Home Builders Association of Central Arizona (HBACA) and the Arizona Senate, filed a lawsuit against the Arizona Department of Water Resources (ADWR) over its Alternative Path to Designation of Assured Water Supply (ADAWS) regulation, alleging it is an “unlawful groundwater tax.” Under state law, a home developer in the Valley must prove that the project has enough...

1 month ago | azbigmedia.com | Kyle Backer

Recent years have brought numerous big deals and billions of dollars in investment to the Valley. That growth has come with challenges, such as concerns over water supplies, rising construction costs and the need for more power. But another issue affecting development is getting more attention — air quality in Metro Phoenix. During Willmeng Construction’s Fence Post Speaker Series event on Oct.

1 month ago | azbigmedia.com | Kyle Backer

What does $165 billion look like? It only takes a few minutes of driving west on Loop 303 from I-17 to get a glimpse. Emerging from the desert of North Phoenix, TSMC Arizona is already a colossal sight from the freeway, even at this early stage. The first fab, now producing chips, is a silver-gray monolith that overlooks a vast solar-covered parking lot for employees, vendors and visitors.

1 month ago | azbigmedia.com | Kyle Backer

The past five years have brought an eye-watering amount of growth to the Valley. TSMC’s $165 billion investment in North Phoenix remains the poster child for this era of expansion, but it is by no means the only project that will reverberate through Arizona’s economy in the years to come. Because of that, the 2025 AZRE Forum, will focus on what’s to come: A five-year forecast for Arizona’s commercial real estate sector.