By Roland Murphy for AZBEX Approximately 250 construction industry professionals, including 150 in-person attendees, made their way to the BEX Companies 2022 Forecast Event last Friday. In the only event of its kind to compile …
Now that Glendale and the Arizona Coyotes have parted ways as far as the team’s ongoing tenancy at Gila River Arena is concerned, the City’s plan moving forward is to renovate the facility to make …
The Mesa Design Review Board recently heard details on plans for Building C at The Cubes at Mesa Gateway. Building C will make up 1.2MSF on nearly 86 acres of the planned 4MSF total development …
On a 7-0 vote, Gilbert Town Council has approved a plan to take portions of 46 parcels on Ocotillo Road, Val Vista Drive, Pickett Court, Greenfield Road, 154th and 156th streets for a 1.5-mile road …
By Associated Builders and Contractors Construction input prices rose 0.6% in December compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. …
When the price of lumber got too out of hand and crested at more than $1,515/thousand board feet, buyers who could afford to wait stopped buying, sawmills increased production to meet pent-up demand and prices …
Boards & Commissions 1. Arizona Speaker Russell “Rusty” Bowers has appointed Port of Tucson CEO Mike Levin to the Rio Nuevo Board. Levin’s term began this month. In other Rio Nuevo news, Mark Irvin has …
Sales Transactions 1. Cortland Growth and Income OP, LP purchased a $245M, 754-unit portfolio from Tucson Rental Homes in a sale that closed on December 29th. The larger properties included: Tucson National Casitas, 119 units, …
By Roland Murphy for AZBEX Developers have added two new proposals to Avondale’s rapidly growing list of private projects in development. Since DATABEX launched in 2016, 50 private project requests of more than $5M have …
By Roland Murphy for AZBEX Jet Aviation is planning a new hangar and aircraft vehicle storage facility on 3.26 acres across two adjacent parcels in Scottsdale. The planned development parcels are located at 7819 E. …
By Roland Murphy for AZBEX Even though economic development officials can (and should) continue to tout the fact that the cost of living in Arizona is significantly less expensive than it is in California as …
By BEX Staff for AZBEX The City of Glendale announced on January 10th it has chosen HOK to modernize the City-owned Gila River Arena. The announcement said, “The entertainment industry has changed dramatically since Gila …
By JLL and BEX Staff JLL Capital Markets announced it has closed the $9.3M sale of an 18-acre prime development site for a to-be-built, two-building, 197KSF speculative industrial property in a last mile-location on West …
By Trammell Crow Company Trammell Crow Company has closed on a 68-acre development site in Goodyear for the development of Cotton Lane Commerce Park. Located at the SWC of Elwood Street and South Cotton Lane, …
Longstanding plans for two malls in Goodyear will be scrapped and replaced with new ideas that better address the needs of the current market. Developer Westcor, now part of Macerich, had announced plans for a …
New numbers from property data provider Attom Data Solutions LLC shows that while it is still generally more affordable to own a home versus renting, that gap may be narrowing. Relying on data from the …
Groundbreakings 1. Steelmaker CMC has broken ground in Mesa on its new facility, next to its existing micro mill on Germann Road. The new mill is being billed as the world’s first “combination merchant bar …
By Roland Murphy for AZBEX Once known as a place where grandiose development visions went to fizzle out, where the cart routinely went before the horse and where developers’ and planners’ grasp often exceeded their …
The Gilbert Planning Commission recently considered two proposed infill multifamily developments totaling 354 units. Fred’s Place would build 93 units on nearly 14.5 acres at the NEC of Williams Field and Recker roads in Cooley …
Ongoing disputes between the boards at Yuma Regional Medical Center and Hospital District No. 1 have left up to $95M in healthcare-related capital improvement projects in limbo, according to media reports. The Hospital District is …
Domestic sawmill production has failed to keep pace with gains in new home demand since the middle of 2020, and the problem continues to persist, fueling rising lumber prices. Mills noted they continue to face …
New data from Cushman & Wakefield shows Phoenix ranking in the Number Five spot in the country in terms of industrial construction. Dallas/Fort Worth led the nation with 54.1MSF under construction, followed by Pennsylvania’s I-81/I-78 …
Giving Back 1. Valley Partnership announced the 33rd Community Project raised $60K benefitting The Salvation Army Tempe. 2. The Arizona Builders Alliance’s 12th Annual Toy Drive provided toys for more than 1,800 children served by …
Sales Transactions 1. ABI Multifamily announced the $150M sale of Sierra Ranch Apartments, a 582-unit multifamily apartment community in Phoenix. ABI’s Institutional Apartment Group – Alon Shnitzer, Rue Bax, Eddie Chang, and Doug Lazovick – …
By Roland Murphy for AZBEX Plans are underway for a major residential addition to John F. Long Properties’ Algodón Center in the West Valley. Western Garden is planned as a two-phase development that will ultimately …
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