Month: October 2021

Mesa City Council may approve annexation of 71 acres for Project Cork, a plan from Ryan Companies to build a 701.5KSF industrial project on Pecos Road west of Signal Butte Road. Like so many new …

The Arizona Department of Housing has $24.5M for projects using Low Income Housing Tax Credits. Funding is provided by the State and through the federal Housing Trust Fund. Qualifying projects can earn up to $2M …

While several recent surveys show continuing confidence and optimism on the part of construction industry participants, backlog issues continue to advance. In its most recent announcement on the subject, Associated Builders and Contractors reported confidence …

Groundbreakings 1. Evergreen Devco, Inc. recently broke ground on its 258-unit multifamily development Parc Tolleson, a nearly 9.5-acre component of the Plaza 1 mixed-use center at 89th Avenue and McDowell Road in Tolleson. 2. Owner …

By Roland Murphy and Rebekah Morris for AZBEX Arizona’s seasonally adjusted unemployment rate decreased to 5.7% in September, down from 6.2% in August, according to the latest report published by the Arizona Office of Economic …

The area around Luke Air Force Base will see yet another major industrial project if a new proposal is approved. Crow 303 would create nearly 2MSF of industrial space in plus-or-minus seven buildings on 146 …

The Casa Grande Planning & Zoning Commission recently conducted its first hearing on a plan to reopen the former Asarco Sacaton pit mine, now known as Cactus Mine, west of the city. The first step …

Amerco Real Estate Company has purchased an 11.85 industrial site at Tangerine Road and I-10 in Marana for construction of a new U-Haul Center. The facility will consist of one four-story building, five drive-up buildings …

Maricopa’s future has a “golden ticket” of potential, according to Mayor Christian Price’s recent State of the City address. During a Willy Wonka-themed presentation, the mayor recently showcased some of Maricopa’s history and recent accomplishments …

Litchfield Park Mayor Thomas Schoaf has pledged to make better use of Highway User Revenue Funds for local road projects. Arizona raises HURF monies through fuel taxes and other vehicle operations fees and then distributes …

Despite rising materials costs and supply shortages, builder sentiment for new single-family homes increased four points in October, rising to 80 in the NAHB/Wells Fargo Housing Market Index. Even while noting the strong demand for …

Awards & Accolades 1. Four organizations were recognized for their achievements at the Western Maricopa Coalition‘s 29th annual Best of the West Awards, which were recently held at State Farm Stadium. Winners included: Economic Engine: FLITE …

Sales Transactions 1. The Howard Hughes Corp. has purchased the proposed 37,000-acre Douglas Ranch master-planned community in Buckeye. The company paid $600M to El Dorado Holdings Inc. and JDM Partners for the vacant land, which …

By Rebekah Morris for AZBEX On Tuesday, October 19th, the Arizona Chapter of the Associated Society for Professional Estimators held its first-ever Construction Conditions Panel discussion to bring forward firsthand industry accounts across a broad …

By BEX Staff for AZBEX Scottsdale plastic surgeon Dr. Bryan Gawley has submitted plans to the City’s Development Review Board to create The Gawley Center – a 30.5KSF medical development at the SWC of Bell …

By Roland Murphy for AZBEX Developer ZOM Living has submitted a proposal to the City of Scottsdale to develop a vacant “vastly underutilized” nearly 3.74-acre site north of Camelback and Scottsdale roads into a luxury …

By Vermaland Vermaland is developing Verma Vistas III, an 1100-acre master planned community in Tonopah. Properties of this size are very difficult to come by, so this makes the parcel the largest piece of privately …

Public meetings to discuss planned housing projects are usually dominated by those opposed to the proposals. Known as Not In My Back Yard, or NIMBY, they are a common feature for meetings everywhere, including Flagstaff. …

Last month, the Biden Administration announced new regulations aimed at protecting workers from heat-related illnesses. The Occupational Safety and Health Administration will launch a process to create rules for a workplace heat standard. OSHA will …

Groundbreakings 1. Gila River Hotels & Casinos officially announced its newest project, Santan Mountain, at a groundbreaking ceremony this week on Gila River Indian Community land south of Chandler. When completed, the 160-acre, $150M project …

By Roland Murphy for AZBEX Since BEX Companies/AZBEX/DATABEX is a small company that covers every commercial development in the state with a valuation of more than $5M, it stands to reason we are a pretty …

Tempe City Council is scheduled to vote on November 9th on an agreement with the Los Angeles Angels that will allow the planned $50.9M renovation plan for Tempe Diablo Stadium to move forward. Built in …

The Mesa Planning and Zoning Board has voted to recommend site plan review approval for 3.0 at Eastmark, a proposed 208-unit apartment development on nine acres at the NEC of Ray Road and Bradley Drive. …