Budgets & Funding

COVID-19 News Round-up for July 31

Budget, Policy & Stimulus News  Republicans Unveil New $1T Relief Package  Republicans in the U.S. Senate unveiled a roughly $1T stimulus package, titled the HEALS Act, geared toward reopening the economy. Key provisions include stimulus checks to

Planning & Development

P&Z OKs Plan, Wants Better Traffic Analyses

By Raquel Hendrickson for inMaricopa  One planned project brought out frustrations entailed in the City of Maricopa’s General Plan and how traffic flow is designed.  Though the Planning & Zoning Commission unanimously recommended El Dorado Holding’s Rev Development to the

Local News

Arizona Projects 07-31-20

Groundbreakings  1. Bearizona broke ground on an all-new 40KSF habitat called The Grizzly Encounter. The nearly $1M addition will offer a top-of-the-line grizzly bear habitat and multiple viewing experiences for guests upon completion in Spring 2021.  2. Landsea Homes announced it has

People on the Move

Industry Professionals 07-28-20

Giving Back  1. Rosendin Holdings, Inc., the parent company to Rosendin and Modular Power Solutions (MPS) announced it has established The Rosendin Foundation, a 501(c)(3) non-profit incorporated to positively impact communities, build and empower people, and inspire innovation through financial grants and volunteer

Budgets & Funding

COVID-19 News Round-up for July 24

Budget, Policy & Stimulus News  Lawmakers Trying to Push Through New Relief  Democrats and Republicans remain divided on what a next potential federal stimulus package should look like, but lawmakers “are going to be in an all-out sprint”

Local News

Arizona Projects 07-24-20

Groundbreakings  1. Nikola Corporation is one step closer to bringing a 1MSF manufacturing facility to Coolidge, following an official groundbreaking ceremony on its approximate 430-acre parcel. The first phase of construction is scheduled for completion in late 2021, with

Budgets & Funding

COVID-19 News Round-up for July 21

Economic News  No Crash Predicted for Metro Phoenix  The Phoenix area’s housing market is showing no signs of crashing despite job losses and other economic hits because of COVID-19. Contracts to buy Phoenix-area homes priced above $300K soared over the past

People on the Move

Industry Professionals 07-21-20

Giving Back  1. As the COVID-19 pandemic takes its toll on business and industry in Arizona, in the spirit of being stronger together, the state’s two CCIM chapters have united in support of the commercial real estate industry. Collaboration includes: 

Commercial Real Estate

Commercial Real Estate Transactions 07-21-20

Sales Transactions  1. Pennybacker Capital purchased The Osborn Apartments, a 31-building, 302-unit multifamily complex near 32nd Street and Osborn Road, Phoenix, for $42M. Todd Braum, with Lee & Associates’ Arizona Apartment Group represented both the buyer and seller, Bean Investment

Trends

Ariz. Construction Lost 900 Jobs in June

By Tasha Anderson for AZBEX  Arizona’s seasonally adjusted unemployment rate increased to 10 percent in June 2020, from May 2020, according to the latest report published by the Arizona Office of Economic Opportunity.   The national rate decreased to 11.1 percent from 13.3 percent in May. In June 2019, the state had a seasonally adjusted rate of 4.8 percent, and the national was