Month: June 2020

Groundbreakings  1. Pacific Hospitality Group and Mortenson recently broke ground on a 238-room, 8-story Hyatt Place hotel in downtown Phoenix. The project is expected to…

By Rebekah Morris for AZBEX  The top 10 Capital Improvement Programs (CIP) in Arizona total $22.5B, a 6.01 percent year-over-year increase over last year’s tally. BEX evaluates the internal…

Budget, Policy & Stimulus News  Beyond PPP: Help for Contractors  A recent article in ConstructionDive takes a look at federal loans, tax credit…

By Tasha Anderson for AZBEX  Global energy storage developer, Invenergy LLC, is requesting a Special Use Permit Amendment from Navajo County in order…

By Tasha Anderson for AZBEX  Arizona’s seasonally adjusted unemployment rate decreased to 8.9 percent in May 2020, from April 2020, according to the latest report published by the Arizona Office of Economic Opportunity.   The national rate decreased to 13.3 percent…

Awards & Accolades  1. Ranking Arizona published the Top 10 Construction Companies in Arizona. They are:  Haydon Building Corp  Hunter Contracting Co …

Sales Transactions  1. Ascent Real Estate Advisors purchased the Wells Fargo Gainey Center building, a 141KSF building at the SEC of Scottsdale and Doubletree Ranch roads, for…

Update – According to Eric Froberg with the City of Phoenix and the June 23rd Policy Session meeting agenda, the…

Budget, Policy & Stimulus News  Mesa Allowing Permit Extensions  Mesa is allowing developers and builders to extend construction and development permits…

By Corina Vanek for Phoenix Business Journal  A massive mixed-use development with Class A office, hotel, retail and apartment buildings near…