Year: 2018

By Roland Murphy for Arizona Builder’s Exchange I was wrapping up my training as a reporter around the time the reporting trade was experiencing its second reported death in 30 years. Unbeknownst to any of …

Sales Transactions 1. Transcanada Corp. has inked a deal to sell the 575-megawatt Coolidge Generating Station to subsidiary of Southwest Generation Operating Co. LLC for $465M. 2. Divco West paid $142M for a majority interest in the …

By Roland Murphy for Arizona Builder’s Exchange A long-running back-and-forth battle between the letter and intent of workplace safety regulations recently added another voice to the choir in a ruling by the U.S. Court of …

By Tasha Anderson for Arizona Builder’s Exchange Arizona’s seasonally adjusted unemployment rate increased to 4.7 percent in November, up from the revised October rate of 4.6 percent, according to the latest report published by the …

Giving Back 1. The PICOR Charitable Foundation awarded a record $72,000 in grants this month. 100 percent of the funds raised were granted to youth-serving programs. 2. The Sundt Foundation has donated $69.5K in grant awards to 29 …

Progress Reports 1. U-Haul International Inc. is in the midst of turning a former Kmart store in south Phoenix into a self-storage facility. As construction is completed within the next year, the 8.74-acre lot will feature …

By Roland Murphy for Arizona Builder’s Exchange The last vacant parcel in Tempe’s Liberty Center development area may soon be filled with a two-story, 72KSF specialty medical office and headquarters building for Donor Network of …

By Joshua Bowling for The Arizona Republic Microsoft‘s secretive metro-Phoenix project, which documents describe as “a five-building technology center,” is set to go before the Goodyear City Council. A brief, 14-minute discussion before the city’s Planning …

Sales Transactions 1. Raintree Corporate Center, a two-building, 345KSF office complex located at 8800 and 8888 E Raintree Dr., Scottsdale, has sold for $91.7M. Equus Capital Partners Ltd. sold the complex to an affiliate of Cypress …

By Roland Murphy for Arizona Builder’s Exchange After a tenacious lobbying attempt to persuade Mesa planners to revise a 30-year-old land use designation that never bore fruit, negotiations with city staff have resulted in a …

By AZBEX Staff for Arizona Builder’s Exchange Plans to develop the $200M GrandeVita, a BioCity Enterprise, project in Mesa have advanced. On December 10, the City of Mesa moved forward a plan for the 20-acre, …

Boards & Commissions 1. AZCREW has named Jennifer Cranston, shareholder, Gallagher & Kennedy, its president for 2019. Other officers for 2019: Cindy Winters, Eagle Commercial Realty Services, past president; Dana McDonald, North American Title Company, membership; …

Awards & Accolades 1. The Arizona Masonry Guild recently presented its Excellence in Masonry Architectural Award to Somerton for its new City Hall building, which opened in 2017. Groundbreakings 2. HonorHealth recently broke ground on its …

By Tasha Anderson for Arizona Builder’s Exchange As the end of the year rolls around, it’s customary to reflect on the current state of things and look toward the future to see what possibilities lie …

By Roland Murphy for Arizona Builder’s Exchange Despite ongoing challenges and concerns in various parts of the Valley, the economic growth generated as a byproduct of the Light Rail’s introductions and various expansions have proven …

Sales Transactions 1. Greystar Real Estate Partners, LLC, announced the acquisition of the three-property, 845-unit Acacia portfolio on behalf of its real estate funds. Acacia Capital hired CBRE’s team of Sean Cunningham and Tyler Anderson to …

By Rebekah Morris for Arizona Builder’s Exchange Inefficient contracts… Lack of oversight and documentation… Resistance to market trends… These are a few of the issues plaguing one of the poorest public school districts in a …

By Roland Murphy for Arizona Builder’s Exchange A few months ago, AZBEX received an anonymous tip about the Alhambra Elementary School District undertaking a series of projects for new gymnasiums and other facilities projects. In …

By Adrienne St. Clair for Arizona Builder’s Exchange Transportation planners for Maricopa County are getting an early start on plans to extend Prop. 400 – a 0.5 percent sales tax increase approved back in 2005. …

Giving Back 1. George Randall and Payson Concrete & Materials made their annual contribution to St. Vincent de Paul Food Bank and wrote checks to the Humane Society of Central Arizona; Payson Senior Center; Time Out, …

Groundbreakings 1. Arrowhead Builders, a Native American-owned GC, recently broke ground in Scottsdale on the 43-acre Sierra Bloom Wellness Campus with plans next year to break ground on a 119-room Holiday Inn. Sierra Bloom Wellness Campus …

By Roland Murphy for Arizona Builder’s Exchange Despite ups and downs around the country due to a variety of economic and environmental factors, the hotel development sector in Arizona continues to remain comparatively strong, as …

Source: Associated Builders and Contractors National nonresidential spending increased 0.1 percent in October, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released. Total nonresidential spending for the month stood at …