Planning & Development

Zoom Planning Phoenix-area R&D Facility

Source: Zoom  Zoom has announced it will open two new research and development centers — one in the greater Phoenix area and one in Pittsburgh.   Zoom will immediately begin recruiting software engineering talent in these areas. Employees will work from

Budgets & Funding

Yuma Council Mulls CIP Projects

By Mara Knaub for Yuma sun  The Yuma City Council scrutinized the Capital Improvement Program plan for 2021 in a roundtable discussion.  The CIP budget, at $51.4M, is more than last year, but the city expects 45 percent of the costs to be recovered through grants, reimbursements and

Local News

Arizona Projects 05-15-20

Progress Reports  1. In light of the COVID-19 pandemic, George Oliver is making thoughtful changes to build tenant confidence and position its latest redevelopment project, The Alexander, now under construction in downtown Chandler, as a premier “new normal” work environment. New COVID-19-related

Budgets & Funding

COVID-19 News Round-up for May 12

Economic News  Housing Markets may be Recovering  In the face of the COVID-19 crisis, reports from the last month indicate the real estate market is faring considerably better than many industries, especially in Tucson. Long Realty reports new pending

People on the Move

Industry Professionals 05-12-20

Giving Back  1. Habitat for Humanity has a program designed to produce the next generation of skilled craft construction workers to address workforce demands. The CIT pre-apprenticeship program is a 16-week, fast track, on the job training program. The program is

Planning & Development

Gilbert Issues 3 RFQs for $237M WTP

By Tasha Anderson for AZBEX  The Town of Gilbert recently issued three Requests for Qualifications, one for architectural/engineering services, one for technical advisory services and the third for Construction Manager at Risk services for an alternative’s evaluation

Budgets & Funding

ADOT Predicts Drop in Hwy Project Revenue

By Tasha Anderson for AZBEX  The estimated financial impacts of COVID-19 on the State Transportation Improvement Program over the next five years may be as much as $540.4M, according to Kristine Ward, Chief Financial Officer for the Arizona Department of Transportation. 

Local News

Arizona Projects 05-08-20

Awards & Accolades  1. The Institute for Sustainable Infrastructure (ISI) announced that Stage 2 of Phoenix’s Sky Harbor International Airport Sky Train (PHX Sky Train®) is the recent recipient of an Envision Gold Award for sustainability. This is the airport’s first

Planning & Development

Crismon Commons to be Heard at Mesa P&Z

By Tasha Anderson for AZBEX  Plans for a new horizontal mixed-use commercial and residential center is set to be heard at the City of Mesa’s Planning and Zoning meeting on May 27th.  Developer and applicant, Overland Development Corp is requesting rezoning approval

Budgets & Funding

COVID-19 News Round-up for May 5

Policy & Stimulus News  Updated PPP, Grant Program Under Way  While the Small Business Administration is kicking off its second round of funding in the Paycheck Protection Program, small businesses also have another funding outlet that doesn’t need to be paid back. The Economic Injury

Planning & Development

11-mile I-10 & Broadway Project Advances

Source: Arizona Department of Transportation  The Arizona Department of Transportation has been granted environmental approval to continue moving forward with plans to improve an 11-mile section of Interstate 10 that includes the Broadway Curve.  ADOT issued a Finding of No

Trends

Billings Index Sees Record Drop in March

Source: American Institute of Architects  Reflecting the deteriorating conditions in the overall economy, demand for design services from architecture firms recorded a record fall, according to a new report from The American Institute of Architects.  AIA’s Architecture Billings

People on the Move

Industry Professionals 05-05-20

Giving Back  1. With food banks nationwide facing a sharp drop in donations amidst the COVID-19 crisis, Parallel Capital Partners, Inc. has announced it will donate a total of $30K to regional charitable food distributors in its six primary

Commercial Real Estate

Commercial Real Estate Transactions 05-05-20

Sales Transactions  1. Sunroad Enterprises purchased Metro at Zanjero, a 253-unit multifamily community at 9450 W. Cabela Drive, Glendale, for $55.4M. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, Private Portfolio Group. 

Planning & Development

COVID-19 News Round-up for May 1

Policy & Stimulus News  Ducey Extends Stay at Home Order  On April 29th, Governor Doug Ducey extended Arizona’s “Stay Home, Stay Healthy, Stay Connected” order through May 15th, with a number of modifications. (Source: Valley Partnership)  Governor’s Office Issues Extension Guidance