Budgets & Funding

COVID-19 News Round-up for May 29

Policy & Stimulus News  Gov. Ducey Announces Nearly $600M in Local Relief Funds  The Governor’s Office is providing nearly $600M in coronavirus relief and recovery dollars for local Arizona governments and nonprofits as part of a funding plan

Local News

Arizona Projects 05-29-20

Awards & Accolades  1. Achen-Gardner Construction’s Salt River Siphon Repair Design-Build project for Central Arizona Project (CAP) and Beardsley WRF Solids Pipeline Rehabilitation project for the City of Peoria has been awarded the 2020 Public Works Project of the Year award in the category of Environment from APWA. 

Budgets & Funding

COVID-19 News Round-up for May 26

Economic News  Crisis’ April Housing Market Impact  The coronavirus took its toll on metro Phoenix’s housing market in April, but the pandemic is keeping fewer home buyers on the sidelines in May. Home sales dropped and prices dipped

People on the Move

Industry Professionals 05-26-20

Company News  1. BEX is proud to announce that we have recently obtained the status of Certified DBE firm for the following NAICS codes:  511120 – Periodical Publishing  5418 – Advertising & Public Relations Consulting  51913 – Online Publishing

Commercial Real Estate

Commercial Real Estate Transactions 05-26-20

Sales Transactions  1. Valwood Element, LLC purchased Element at Kierland, a 57.7KSF upscale multi-tenant office building at 14614 N. Kierland Boulevard, Scottsdale, for $17.3M. Eric Wichterman and Mike Coover of Cushman & Wakefield represented both the buyer and seller, MACP Kierland

Budgets & Funding

COVID-19 News Round-up for May 22

Economic News  Experts Fear ‘Credit Infection’  Jim Belfiore of Belfiore Real Estate Consulting and other experts are warning the impacts of unemployment and reduced credit availability could result in a “credit infection” that will affect buyers’ ability to purchase

Trends

Ariz. Construction Lost 4,200 Jobs in April

By Tasha Anderson for AZBEX  Arizona’s seasonally adjusted unemployment rate increased to 12.6 percent in April 2020, from March 2020, according to the latest report published by the Arizona Office of Economic Opportunity.   The national rate increased to 14.7 percent from 4.4 percent in March. In April 2019, the state had a seasonally adjusted rate of 4.8 percent, and the national

Budgets & Funding

Maricopa County Approves $3B 2021 Budget

Source: Maricopa County  Maricopa County is putting hundreds of millions of dollars in federal funds to immediate use helping people impacted by the COVID-19 pandemic while also pulling back on discretionary spending unrelated to the crisis.   It’s a one-two effort to best serve taxpayers during a time of national emergency. The Board of

Local News

Arizona Projects 05-22-20

Groundbreakings  1. To make way for improvements to State Route 189 (Mariposa Road) in Nogales, the 3.75-mile road that connects the international border with Interstate 19, crews have been clearing brush from the path of the first of

Budgets & Funding

COVID-19 News Round-up for May 19

Policy & Stimulus News  Cities, Counties Pushing for More Funds  Arizona cities and counties are pressing for more funding at both the state and federal levels as they deal with coronavirus outbreak. Local officials from across the state

Planning & Development

TSMC to Build Semiconductor Plant in Phoenix

Source: Arizona Commerce Authority  Governor Doug Ducey has announced that following a national search, Taiwan Semiconductor Manufacturing Company has selected Arizona for its new U.S. advanced semiconductor factory. The project will create more than 1,600 new high-tech jobs and generate thousands of additional

People on the Move

Industry Professionals 05-19-20

Giving Back  1. Harvard Investments, developer of Cadence at Gateway, recently thanked Dignity Health Arizona General Hospital Mesa healthcare heroes by delivering fresh meals from two local favorite Mesa restaurants, Handlebar Diner and Native Grill & Wings.  2. Director of Marketing,

Local News

Virtual Workspace Presents New Challenges

By Rebekah Morris for AZBEX  Transferring business development and interview skills from predominantly face-to-face to entirely virtual has presented the market with new challenges. At the Virtual Leading Market Series on May 13th, 2020, Rebekah Morris, Founder and President of BEX discussed the topic with a panel of

Budgets & Funding

COVID-19 News Round-up for May 15

Policy & Stimulus News  Work Ongoing to Resolve Trump, Congress Relief Divide  President Donald Trump and congressional leaders have pitched a number of proposals they argue are essential to a new coronavirus relief plan to combat the effects of the pandemic. The result: A grab bag of