Local News

Arizona Projects 01-15-21

Groundbreakings 1. PVB Fabrications, Inc. (PVB) broke ground last week to prepare for its headquarters expansion at 11871 N. Breakers Road Marana. Initially, the new facilities will include a 15.4KSF administrative office building plus a

People on the Move

Industry Professionals 01-12-21

Giving Back  1. Each year, the WTS Metropolitan Phoenix Chapter offers seven scholarships to assist qualified candidates aspiring to transportation careers. The scholarships are:   The AzTA Transit Planning Scholarship  The Helene M. Overly/Esther Kmetty Scholarship  Sharon D. Banks Memorial Undergraduate Scholarship  Molitoris Leadership

Commercial Real Estate

Commercial Real Estate Transactions 01-12-21

Sales Transactions  1. TruAmerica Multifamily acquired Pointe at South Mountain Apartments, a 38-building, 364-unit multifamily complex at 8809 S. Pointe Parkway, Phoenix, for $80M, from ConAm Group of Companies. CBRE Capital Markets arranged $54.997M in new Freddie Mac debt for the deal. 

Local News

Arizona Projects 01-08-21

Awards & Accolades  1. Healthcare Real Estate Insights has presented the $50M renovation and expansion of Splendido at Rancho Vistoso with the 2020 HREI Insights Award in the “Post-Acute & Senior Living Facilities Best New Ground-Up Development” Category. The awards were announced in December

Budgets & Funding

What’s in the New Relief Package?

Budget, Policy & Stimulus News What’s in the New Relief Package? The recently signed 5,500-page-plus stimulus and relief measure includes another $284B in forgivable Paycheck Protection Program loans, new treatment for PPP expenses, simplified forms, grants for live events

People on the Move

Industry Professionals 01-05-2021

Giving Back  1. Johnson Carlier and ACE Asphalt teamed together to bring Christmas cheer to families from Madrid Neighborhood School. Together the team members purchased over 200 gifts including family baskets, grocery gift cards, toys, jackets, clothes and a new pair of