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[ October 15, 2021 ] Outreach Earn N. Phoenix Development’s 1st Rec. Planning & Development
[ October 15, 2021 ] Chandler Considering Intel Infrastructure Improvements Planning & Development
[ October 15, 2021 ] Flagstaff Finishing Design for Beulah/University Roadway Planning & Development
[ October 15, 2021 ] NextEra Cancels Coolidge Solar Project Planning & Development
[ October 15, 2021 ] Parks Funding Act Fuels Arizona Projects Local News

Standards, Outreach Earn North Phoenix Development’s First Recommendation

After extensive discussion and community outreach, a multifamily tower in a major north Phoenix intersection has earned its first recommendation for approval ...
Phoenix Issues Sky Harbor General Aviation Redevelopment RFI

Phoenix Sky Harbor International Airport’s General Aviation Hangar and Office area is targeted for redevelopment ...
Banyan Planning New Development Near Sky Harbor

Banyan Residential has begun the submittal, review and approval process for its latest Phoenix development ...
Construction Activity Rate of Growth Slows in 2021

Materials shortages and delays in permitting may be finally having an impact on the total market ...

14-story Multifamily Proposed for PHX Kierland Area

March 2, 2021 5

By Tasha Anderson for AZBEX A new luxury multifamily residential development is being proposed for the SWC of Bell Road/Frank Lloyd Wright Boulevard and Scottsdale Road on the south side of the Central Arizona Project …

Planned Water Park Advances in Maricopa

May 21, 2021 5

A major family entertainment center and water park in Maricopa moved a step closer to reality last week. Maricopa City Council unanimously approved the sale of 59 acres and the lease of another 12 to …

Cavan Companies Proposes “Bungalows” in Gilbert

December 17, 2019 4

By Tasha Anderson for AZBEX Scottsdale-based Cavan Companies is looking to add another “Bungalows”-branded multifamily community to Arizona, this time in Gilbert. Plans were submitted to the Town of Gilbert and were discussed at the …

Commercial Real Estate News 10-05-21

October 5, 2021 0

Sales Transactions 1. Oxford Properties Group announced it has agreed to acquire a 14.5MSF infill and light industrial portfolio from KKR for approximately $2.2B. The portfolio consists of 149 distribution buildings located across 12 major industrial U.S. markets, including metro Phoenix. The transaction is anticipated ...
Commercial Real Estate News 09-28-21

September 28, 2021 0

Sales Transactions 1. JLL Capital Markets has closed the $165.25M sale and secured $102M in acquisition financing for La Encantada, a 246KSF shopping center in Tucson. JLL represented the seller, Macerich Company. A group of local investors purchased the property. JLL arranged the fixed-rate, full-term, ...
Commercial Real Estate News 09-21-21

September 21, 2021 0

Sales Transactions 1. LPC Desert West announced the 1.25MSF Park 303 Phase I in Glendale has sold for $186M to BentallGreenOak, making it the largest single-building industrial transaction in state history. The speculative project completed construction approximately a month ago and has been fully leased ...

Backlog Indicator, Confidence Index Both Down Again

October 15, 2021 0

By Associated Builders and Contractors Associated Builders and Contractors reports its Construction Backlog Indicator fell to 7.6 months in September, according to an ABC member survey conducted September 20th-October 4th. The reading is down 0.1 …

Homebuilding Permits Slow; Market Still Hot

October 15, 2021 0

The Home Builders Association of Central Arizona reports 22,535 homebuilding permits were issued between the start of the year and August. There were 17,759 permits in the same period of 2020. Permits this year fell …

Materials Shortages Frustrating Contractors

October 5, 2021 0

Recent data from the U.S. Chamber of Commerce Commercial Construction Index marked records. Unfortunately, they were records pointing in the wrong direction. Ninety-three percent of responding general contractors reported facing at least one material shortage …