Month: January 2020

By Steve Burks for AZ Big Media Consistency may be boring, but when it comes to the commercial real estate outlook and the Greater Phoenix commercial real estate industry, no change is good for business. …

Awards & Accolades 1. Gilbane Building Company, together with design partner DLR, accepted the ENR Southwest “Best Project Award” in Healthcare for their recent MIHS Maryvale project. Groundbreakings 2. Hines announced it has broken ground …

By Tasha Anderson for AZBEX A new assisted living, independent living and memory care development to be located at the former L.A Fitness site at the SEC of 32nd Street and Camelback is headed towards …

Source: Arizona Commerce Authority PVB Fabrications, Inc. (PVB), primarily a multi-disciplined general contractor and provider of quality welding and fabrication services for the commercial, utility, government, heavy industrial and mining sectors, announces plans to expand …

Source: Real Estate Daily News Governor Doug Ducey applauded the passage of $152.4M in new federal funding to modernize the San Luis I Port of Entry in Southern Arizona. Designated as the number one priority …

By Howard Fischer for Capitol Media Services Just a year after approval of the much-heralded Drought Contingency Plan, Arizona lawmakers once again face tough questions of how to deal with the increased demand for water …

Awards & Accolades 1. Cushman & Wakefield announced that Larry Downey, Vice Chairman at Cushman & Wakefield in Phoenix, has been awarded the designation of Counselor of Real Estate (CRE) by The Counselors of Real …

Sales Transactions 1. The ConAm Group purchased Silverbell Springs, a 290-unit multifamily community at 7759 N. Silverbell Rd., Marana, for $50.25M. Tyler Anderson, Asher Gunter and Jeff Casper of CBRE Multifamily Institutional Properties represented the …

By Tasha Anderson for AZBEX Despite construction employment and activity levels not reaching pre-recession peak levels, 2019 was still a very good year and 2020 is poised to be even better. Such was the theme …

Source: Arizona Commerce Authority Mark Anthony Brewing has chosen Glendale as the location of its new state-of-the-art brewery and BrewPure facility. Construction is slated to be completed in record time. The facility will be in …

Source: Office of the Governor Doug Ducey Governor Doug Ducey sent a letter to U.S. Department of Transportation Secretary Elaine L. Chao urging her to prioritize funding for the Tonto Creek Bridge in Gila County. …

By Steve Burks for AZ Big Media Here’s a look at some of the top real estate companies to watch in Arizona. These companies have seen tremendous growth in Arizona and they will be the …

Source: Associated Builders and Contractors In November, estimated not seasonally adjusted construction unemployment rates increased nationally and in 38 states, fell in 11 states and were unchanged in one state (Washington) on a year-over-year basis, …

Groundbreakings 1. Townline Midtown Office, located at 2600 N. Central Ave. includes creating a unique lifestyle-focused office tower by re-envisioning and renovating the building lobby, common areas and landscape architecture in a style that’s modern, …

By Tasha Anderson for AZBEX Butler Design Group, on behalf of master developer, Plaza Companies, has recently submitted plans to the City of Scottsdale for the latest addition to the massive 1.2MSF Skysong mixed-use project. …

By Mark Cowling for Eloy Enterprise The Arizona Department of Transportation didn’t support the wish of Florence town officials for the proposed “North-South Freeway” to veer near downtown. ADOT has announced a draft environmental impact …

By Mark Nothaft for AZ Big Media Over the past 15 years, the City of Glendale has invested more than $400M in infrastructure improvements to create a world-class environment for businesses large and small to …

By Aly J. Yale for Forbes The new year is shaping up to be a good one for homebuyers—at least those interested in buying new homes. Not only are homebuilders more confident in the market …

Giving Back 1. PICOR Charitable Foundation (“PCF”) raised and donated nearly $79K in its 2019 cycle, 10 percent more than the previous high mark. With all event costs underwritten by in-kind community partners and PICOR …

Sales Transactions 1. Partners Group purchased The Biltmore Center, a three building office complex totaling over 643KSF of office space on the NWC of 24th St and Camelback Rd, Phoenix, for $212M. Director Ben Geelan, …