Planning & Development

SRP Announces Three New Solar Plants

By Salt River Project  Following its recent announcement to expand utility-scale solar resources to 2,025 megawatts by 2025, Salt River Project has announced three new solar energy plants that will deliver a total of 500MW of renewable energy.   Facebook announced it will be

Local News

Mexican Desalination Plant Part of Pima’s Future?

A generation from now a $4.1B desalination plant in Sonora could help alleviate worst-case-scenario water woes in Pima County.  A Pima County Regional Wastewater Reclamation Department study examined possible water sources if Central Arizona Project‘s Colorado River water supplies dry up and the county population grows to

Trends

Construction Input Prices Up 23.1% Year-Over-Year

By Associated Builders and Contractors  Construction input prices rose 0.6 percent in July, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased 0.8 percent for the month.  Construction input prices are

People on the Move

Industry Professionals 08-17-21

Awards & Accolades  1. The Phoenix Journal recently published their Top 40 Under 40 for 2021. The Commercial Real Estate and Architecture, Engineering and Construction Industry honorees are:  Amanda Elliott – Redevelopment Program Manager for Town of Gilbert  Chris Hanson – Founder

Commercial Real Estate

Commercial Real Estate News 08-17-21

Sales Transactions  1. American Realty Advisors has acquired Goodyear Logistics Center, a 901.7KSF Class A industrial asset at 575 S. 143rd Avenue in Goodyear for an undisclosed amount. The undisclosed seller was represented by CBRE National Partners. The property is being managed by Lincoln

Local News

Arizona Projects 08-13-21

Groundbreakings  1. IDM Companies announced construction has commenced on Acero Queen Creek Station, a 476-unit multifamily apartment community at the NWC of S. Ellsworth Loop and E. Rittenhouse Roads, Queen Creek. BMA Architecture is the design firm and IDM Companies is the general contractor. 

Planning & Development

Industry Professionals 08-10-21

Awards & Accolades 1. As part of the design-build team for Arizona University’s Lantana Hall, Shepley Bulfinch along with CORE Construction and Capstone Development Partners was awarded the 2021 Student Housing Business Innovator Award for

Commercial Real Estate

Commercial Real Estate News 08-10-21

Sales Transactions 1. A California-based buyer purchased Sky Ancala Apartments, a 330-unit luxury apartment community at 11545 N. Frank Lloyd Wright Boulevard, Scottsdale, for $104.5M. ABI Multifamily‘s Phoenix-based Institutional Apartment Group – Alon Shnitzer, Rue

Local News

Arizona Projects 08-06-21

Awards & Accolades 1. The Arizona Masonry Council selected the City of Flagstaff Municipal Court Facility as a winner in their “30th Annual Excellence in Masonry Architectural Awards” competition. The new Flagstaff Municipal Court is