Kyle Backer
Staff Writer at AZ Big Media
Associate editor for @azbigmedia, covering Arizona commercial real estate and economic development. Em dash enthusiast. Probably listening to a podcast.
Articles
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3 weeks ago |
azbigmedia.com | Kyle Backer
When it opened in 1957, Park Central Mall converted what once was a dairy farm into an open-air mall featuring sought-after retailers. But as the city continued to grow northwards and enclosed malls offered relief from the heat, Park Central Mall’s popularity and profitability started to recede.
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3 weeks ago |
azbigmedia.com | Kyle Backer
Ben Graff, partner at Quarles, has made a career of ushering in new possibilities. As a zoning attorney, he helps clients change a site’s designation to a higher and better use. Sometimes that means an adjustment to how dense an apartment building can be. On other occasions, the transformation is more drastic — like getting approvals for the development of retail, restaurant, Class A office and luxury multifamily where a landfill once stood.
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3 weeks ago |
azbigmedia.com | Kyle Backer
On March 3, TSMC reported that its total investment in Arizona will now reach $165 billion — a 1,275% increase from the initial $12 billion announcement made in 2020. Now the largest single foreign direct investment in U.S. history, TSMC Arizona’s site will include six semiconductor fabs, two advanced packaging facilities, an R&D center and a host of other supporting buildings.
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3 weeks ago |
azbigmedia.com | Kyle Backer
In January, tech sector stocks tumbled when a Chinese artificial intelligence startup, DeepSeek, unveiled a large language model that operates at a much lower cost than U.S. versions while maintaining similar capabilities. DeepSeek reports that it spent just $5.6 million to train its AI, compared to the more than $100 million committed by OpenAI for GPT-4.
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3 weeks ago |
azbigmedia.com | Kyle Backer
On Feb. 13, Creation broke ground on a 144,885-square-foot Class A industrial facility in Southern Tempe. Located in one of the most sought-after regions in the Valley, Source Logistics Center features HVAC throughout the entire building, 3,000 square feet of spec office, a six-acre yard and access to a Union Pacific rail line. Construction is slated to finish in mid-2026.
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