Local News

Arizona Projects 06-25-21

Groundbreakings 1. RED Development announced that construction is underway on the $300M development of The Grove, the highly anticipated mixed-use destination on the NWC of 44th Street and Camelback Road that features the recently announced

Commercial Real Estate

Commercial Real Estate News 06-22-21

Sales Transactions 1. MG Properties Group purchased Centra, a five-story, 223-unit podium-style multifamily property in Midtown Phoenix for $74.5M. Steven Nicoluzakis and David Fogler of Cushman & Wakefield represented the seller, FORE Property. 2. APRA

Trends

Input Prices Up Again in May

By Associated Builders and Contractors Construction input prices increased 4.6 percent in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index

Local News

Arizona Projects 06-18-21

Groundbreakings 1. Sundt Construction, Inc. recently returned to the University of Arizona campus to renovate the Old Chemistry Building it originally built in 1936. The renovation will consist of 55KSF. Additionally, the team will add