Month: July 2021

Groundbreakings  1. Attesa, the multi-use, advanced transportation technology development near the City of Casa Grande, broke ground on the Podium Club, its inaugural project at the 2,351-acre site. The Podium Club will offer a bi-directional, 15-turn, 2.25-mile paved …

By Tasha Anderson for AZBEX The General Services Administration has recently issued a pre-solicitation for the first phase of the San Luis I Land Port of Entry project, in preparation of releasing a two-step Design-Build …

Development for the Kino Sports and Entertainment Complex, recently took a step forward, with the Pima County Board of Supervisors approving a development plan with Knott Development, along the proposed business plan for the project. …

By Rider Levett Bucknall International property and construction consultancy firm Rider Levett Bucknall has released its new Quarterly Cost Report for North America. With data current to mid-Q2 2021 and featuring construction cost information for …

Giving Back 1. Fulton Homes is partnering with multiple entities in the midst of two water safety awareness campaigns for the summer of 2021. One of the campaigns, Fulton Homes’ Fence Patrol, partners with KMLE …

Sales Transactions 1. Sunroad Enterprises purchased Parcland Crossing, a 383-unit multifamily community at 800 W. Willis Road, Chandler, for $125M. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties …

By Tasha Anderson for AZBEX  More luxury residential units are being planned for the Kierland area in Phoenix.  Developer, Mill Creek Residential, is looking to build Modera Kierland, a seven-story luxury multifamily and retail development located at …

By Anchor Health Properties   In collaboration with Intuitive Health and HonorHealth, Anchor Health Properties has recently commenced a local, long-term development and expansion initiative.   Through the addition of strategically located facilities in and around Phoenix, Anchor, Intuitive, and HonorHealth are focused on improving …

By Kidder Mathews and AZBEX Staff  The Phoenix Industrial market continued to set records in the Second Quarter, with the Kidder Mathews Phoenix Industrial CRE Market Update reporting record highs in net absorption, rental rates and construction activity, and record …

By Kidder Mathews and AZBEX Staff  Kidder Mathews, in its recent Phoenix Office CRE Market Update for Q2 2021, reported the Phoenix office market continues to see record office sublease availability.  Rental rates also reached a record high …

Awards & Accolades  1. DWL Architects + Planners, Inc. (DWL) received the AIA Twenty-Five Year Award for the Burton Barr Central Library designed in collaboration with William Bruder Architects. Opened in 1994, the 280KSF five-story building is partially situated over a major interstate highway tunnel …

By Tasha Anderson for AZBEX  Scottsdale-based developer, The Wolff Company, is proposing to build a high quality, garden-style multifamily community at the NWC of 34th Way and Bell Road in Phoenix.  The approximately 12.78-acre site, which is …

A $200M plan to fund water project in regions lacking proper supplies appears likely to pass the Arizona Legislature.  The funding is intended to aid water supply and conservation projects and help meet long-term water needs.   Proposed as …

Every state and the District of Columbia saw increases in their real gross domestic product in Q1 2021 versus Q4 2020. Data from the U.S. Bureau of Economic Analysis, shows a range of 10.9 in Nevada to 2.9 percent for DC.  Nationwide GDP growth …

By Associated Builders and Contractors  National nonresidential construction spending declined 0.7 percent in May, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $784.5B for the month.  Spending …

Awards & Accolades  1. Grange Park, the central amenity at the heart of Harvest Queen Creek, was honored with an Award of Merit for Best Community Amenity at the PCBC 2021 Gold Nugget Awards. Developed by TerraWest Communities in partnership with Brookfield …