Local News

Arizona Projects 07-17-20

Groundbreakings  1. The Douglas Allred Company recently broke ground on two additional office buildings at their Park Place Development on Price Corridor. Both three-story buildings will be 150KSF and located on the NEC of Price and Willis roads. The architect is Balmer Architectural

Planning & Development

$150M Project to “Enhance” SDLE Triangle Bldg

By Tasha Anderson for AZBEX  Developer, PEG Companies is looking to preserve the historic Ralph “Haver Triangle Building” in Scottsdale while enhancing it with the development of a new $150M mixed-use project around it called The Triangle.  The Haver Triangle Building was designed in 1962 by architect Ralph

Budgets & Funding

COVID-19 News Round-up for July 14

Budget, Policy & Stimulus News  Navajo Nation Approves Initial Aid Expenditures  The Navajo Nation‘s leaders over the weekend approved the tribe’s first expenditures of more than $60M in federal COVID-19 aid, about two months after receiving most of the funds in May. The

People on the Move

Industry Professionals 07-14-20

Company News  1. Shephard-Wesnitzer, Inc. is a full-service civil engineering and surveying firm celebrating three decades of “engineering an environment of excellence” in northern Arizona. Founded in Sedona in 1990, SWI has since grown to 28

Commercial Real Estate

Commercial Real Estate Transactions 07-14-20

Sales Transactions  1. Cohen Asset Management purchased a 325.8KSF industrial building at 7400 W. Buckeye Road, for $30.7M, from Kansas City Life Insurance Co. Payson MacWilliam, Don MacWilliam and Chris Reese of Colliers International in Arizona handled the sale transaction.  2. Fairfield

Budgets & Funding

COVID-19 News Round-up for July 10

Budget, Policy & Stimulus News  Scottsdale Allocates Relief Funds  On July 1st, Scottsdale City Council accepted $29,628,014 from the AZCares Fund as part of the federal CARES Act. Uses range from utility assistance for residents to providing retrofitting to city businesses that house

Budgets & Funding

Rio Nuevo Approves Tightened 2021 Budget

Source: Rio Nuevo  Facing a substantial reduction in next year’s revenue due to COVID-19, the Rio Nuevo Board approved a break-even budget reflecting an estimated $6M reduction in annual state tax revenue. The District has been dramatically impacted by COVID-19 related business closures and the subsequent economic slowdown.  

Local News

Arizona Projects 07-10-20

Groundbreakings  1. Builderz Warehouse has broken ground on a new $5M, 40KSF facility at 3156 E. Roeser Road, Phoenix, that will more than quadruple the size of the company’s current facility. Sun State Builders is both the architect and general contractor. The project broke ground on July 1st and

Planning & Development

Multifamily Mixed-use Planned for Marana

By Tasha Anderson for AZBEX  Preliminary plans for a new multifamily, mixed-use development called The Alexander were recently recommended for approval with conditions at the Town of Marana’s June 24th Planning Commission meeting.  Developer, Sears Financial Corporation was requesting to rezone approximately 10.74

Budgets & Funding

COVID-19 News Round-up for July 7

Budget, Policy & Stimulus News  Virus Surge May Force More Business Relief  Because more than $130B remains in funding from the Paycheck Protection Program, Congress has approved a six-week extension for applications. There is speculation that, due to a

Local News

Ritz Developer Sues Town, Alleges ‘Shakedown’

By Melissa Rosequist for Independent Newsmedia  A lawsuit between Five Star Development — the entity behind the forthcoming Ritz-Carlton Paradise Valley — and the Town of Paradise Valley has emerged in the Superior Court of Arizona, records show.  The June 25th  complaint seeks declaratory judgment on Five

People on the Move

Industry Professionals 07-07-20

Awards & Accolades  1. Here are the Top 10 Green Builders in Arizona, based on public voting for the 2020 edition of Ranking Arizona:  CORE Construction  DPR Construction  Ryan Companies US, Inc.  Kitchell  McCarthy Building Companies Inc.  CHASSE