Local News

Arizona Projects 08-14-20

Progress Reports  1. Construction on La Quinta continues at John Wayne Parkway/Martin Luther King Jr. Boulevard next to Copper Sky. The four-story building will have 89 rooms and occupy 56KSF. It is expected to employ 20.   2. The

Economic Development

CapRock Has Major Phoenix Plans

By Kelsi Maree Borland for GlobeSt.com  The pandemic isn’t deterring investment in Phoenix, at least not for CapRock Partners. CapRock has pinpointed Phoenix as a target market for industrial investment and development, and it expects the market to continue

People on the Move

Industry Professionals 08-11-20

Awards & Accolades  1. Mark Taylor, Senior Vice President of WestLand Resources, Inc., received AZ Water’s Engineer of the Year. The award recognizes individuals that have gone above and beyond in the water industry.  2. ENR Southwest Top Design Firms 2020:   AECOM  HDR 

Budgets & Funding

COVID-19 News Round-up for August 7

Budget, Policy & Stimulus News  $100M PPP Payments to Charter Schools Investigated  State Schools Superintendent Kathy Hoffman and Arizona Deputy Auditor General Melanie Chesney are examining whether the $100M in Paycheck Protection Program payments to charter schools in Arizona violate

Local News

Arizona Projects 08-07-20

Groundbreakings  1. Construction is underway on the three-story Chandler Medical Plaza office building at 1125 S. Alma School Road in Chandler. The 65KSF medical office property is 38 percent preleased.  2. The Downtown Links Phase III project in Tucson is expected to begin construction

Legislation & Regulations

COVID-19 News Round-up for August 4

Resources  Maricopa County Small Business Grant Opportunities  A number of Small Business Grant Opportunities remain available for businesses in Phoenix, Mesa and the rest of Maricopa County. Interested parties should follow the link(s) relevant to their location for more information. (Source: City of Phoenix

People on the Move

Industry Professionals 08-04-20

Awards & Accolades  1. Heather Honsberger, Area Business Development Leader for HDR, Inc., received the 2020 WTS Metropolitan Phoenix Member of the Year award.  2. Judges for the PCBC’s 2020 Annual Gold Nugget Awards have recognized KTGY Architecture + Planning at its annual competition

Commercial Real Estate

Commercial Real Estate Transactions 08-04-20

Sales Transactions  1. Knightvest Capital purchased Signature Place, a 300-unit multifamily community at 600 W. Grove Parkwayin south Tempe for $62.5M. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, Western Wealth Capital.  2. A joint venture