{"id":2523,"date":"2026-06-29T22:33:04","date_gmt":"2026-06-29T22:33:04","guid":{"rendered":"https:\/\/arizonamovinginsider.com\/?p=2523"},"modified":"2026-06-29T22:33:04","modified_gmt":"2026-06-29T22:33:04","slug":"east-coast-investor-outbids-vestar-for-two-phoenix-sites-near-tsmc","status":"publish","type":"post","link":"https:\/\/arizonamovinginsider.com\/?p=2523","title":{"rendered":"East Coast investor outbids Vestar for two Phoenix sites near TSMC"},"content":{"rendered":"<div>\n<div>\n<div>\n<p>An out-of-state real estate investor stole the show from Phoenix-based Vestar during two Arizona State Land Department auctions on June 26.<\/p>\n<p>Read more <a href=\"https:\/\/arizonamovinginsider.com\/?p=2521\">Baby found dead in portable restroom at Electric Forest music festival<\/a><\/p>\n<p>Arlington, Virginia-based Taicoon Property Partners outbid Vestar on two sites in north Phoenix just east of Taiwan Semiconductor Manufacturing Co.\u2019s massive campus.<\/p>\n<p>The first site, totaling about 186 acres off Interstate 17 and Dove Valley Road, had a $36.6 million starting bid. Vestar Vice President of Finance and Development Kean Thomas and Taicoon\u2019s CEO Hai Chien Wang exchanged bids in million-dollar increments briefly, but Taicoon ultimately won with its $43 million bid.<\/p>\n<p>Read more <a href=\"https:\/\/arizonamovinginsider.com\/?p=2519\">\u201cShe\u2019s a mother just like we are\u201d: Volunteers in Mexico remain dedicated to the search for Nancy Guthrie<\/a><\/p>\n<p>The second site, totaling about 181 acres off Interstate 17 and Carefree Highway, had a similar starting bid of $36.7 million. Vestar and Taicoon again exchanged bids, along with a third bidder \u2014 Mack Real Estate Group\u2019s Chris Janson. Taicoon won again, placing the winning bid of $45 million for the second site.<\/p>\n<p>Read more <a href=\"https:\/\/arizonamovinginsider.com\/?p=2516\">Supreme Court says police can\u2019t freely access cellphone location history<\/a><\/p>\n<p>Read more of this story from the Business Journal.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>An out-of-state real estate investor stole the show from Phoenix-based Vestar during two Arizona State Land Department auctions on June 26.<\/p>\n","protected":false},"author":1,"featured_media":2522,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-2523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>East Coast investor outbids Vestar for two Phoenix sites near TSMC - 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