Planning & Development

111-Room Hotel Planned for Tempe

By Tasha Anderson for AZBEX  A new Residence Inn hotel is being proposed on 2.37 acres of the Agave Development in the Southwest District Overlay of Tempe.  Applicant and civil engineer, Sustainability Engineering Group, LLC, on behalf of the owner The

Budgets & Funding

COVID-19 News Round-up for September 29th

Budget, Policy & Stimulus News  Small Business PPP-Type Loan Program Needed  An opinion piece in Triangle Business Journal by Editor-in-Chief Sougata Mukherjee summarized the looming disaster faced by small businesses as extended unemployment benefits dry up, along with the initial small

Commercial Real Estate

Commercial Real Estate Transactions 09-29-20

Sales Transactions  1. The Praedium Group purchased Liv North Valley, a 385-unit luxury multifamily asset adjacent to the intersection of Interstate 17 and Loop 303/Bob Stump Memorial Highway, for $90M. Steve Gebing and Cliff David with Institutional Property Advisors, a division of Marcus & Millichap, represented the

Commercial Real Estate

Arizona Projects 09-25-20

Awards & Accolades  1. Engineering News-Record (ENR) Southwest selected the $275M, 670KSF Banner – University Medical Center tower and the Interstate 10 (I-10) interchange at Ina Road as the 2020 best Healthcare and Highway/Bridge projects. Both projects were completed by Sundt Construction, Inc. with DPR Construction partnering with them on the

Local News

Habitat Offering 16-week OTJ Program

Source: Habitat for Humanity  Habitat for Humanity CIT pre-apprenticeship program is a 16-week, fast track, on the job training program.   The program is uniquely designed as an immersive and intensive curriculum that specializes on basic core construction fundamentals, leadership

Trends

Phoenix #2 in Data Center Growth

Source: JLL  COVID-19’s impact on public safety and stay-home orders drove significant demand for immediate digital connectivity around the world. JLL’s 2020 Mid-Year Data Center Outlook finds data centers’ resiliency and reliability established the sector as one of

People on the Move

Industry Professionals 09-22-20

Giving Back  1. The David R. Sellers Foundation has funded several nonprofits during the COVID-19 pandemic and officially launched its website. During the COVID-19 crisis, it has funded seven organizations, which include Global Orphan Hope, UMOM, Phoenix Rescue Mission, Child Crisis Center, The Joy Bus, Children’s

Budgets & Funding

COVID-19 News Round-up for September 18

Budget, Policy & Stimulus News  Florence Offers “Returning Stronger” Grants  Florence businesses have until October 31st to apply to the town for grants to reimburse them for expenses and losses resulting from the COVID-19 pandemic. The Town Council has authorized the creation

Trends

Ariz. Construction Gained 1,300 Jobs in August

By Tasha Anderson for AZBEX  Arizona’s seasonally adjusted unemployment rate decreased to 5.9 percent in August 2020, from July 2020, according to the latest report published by the Arizona Office of Economic Opportunity.   The national rate decreased to 8.4 percent from 10.2 percent in July. In August 2019, the state had a seasonally adjusted rate of 4.6 percent, and the national was

Budgets & Funding

ADOT Opening Additional 2021-2025 Plan

Source: Arizona Department of Transportation  The Arizona Department of Transportation will open an additional comment period for the revised 2021-2025 Tentative Five-Year Transportation Facilities Construction Program on Friday, September 18th. The additional comment period will extend through Tuesday, October 27th.  The State Transportation

Local News

Arizona Projects 09-18-20

Awards & Accolades  1. Engineering News-Record (ENR) Southwest selected Valley Metro’s Gilbert Road Light Rail extension as the best project in its highway/bridges category. Stacy and Witbeck was the design firm and Sundt Construction was the general contractor on the project.  Groundbreakings  2. The 320-acre Legacy Sports

Planning & Development

Industrial Condos Planned for Mesa

By Tasha Anderson for AZBEX  Plans have recently been resubmitted to the City of Mesa for the development of a new industrial condominium project to be located at 8607 East Pecos Road.  Real Estate Developer, Cavan Commercial, and partner The Kaidence Group is requesting