Author: BEX Staff

By BEX Staff for AZBEX Simon Med (as 101 W. Healthcare Subsidiary LLC) has proposed a mixed-use development with 239 apartments and 13KSF of commercial on 19 acres near the NWC of 99th and Glendale avenues. The developer has requested a minor general plan amendment to entertainment mixed-use and a rezoning to planned area development. The location is currently designated as a planned commercial, business park and entertainment mixed-use. According to the submitted project narrative, “Simon Med anticipates the development will be constructed in multiple phases. The multifamily residential component will be developed in two phases and the commercial development…

The Yavapai County Board of Supervisors met last week to review a recently submitted report from Gensler examining the County’s space needs and to discuss a cost comparison report on a County building. The session was planned to let members review the report with representatives from Gensler, hear recommendations from the Space Planning Steering Committee and examine costs and benefits for County districts. The Board began discussions with the Facilities Department about space needs in the summer of 2022 and entered into a $481.7K contract with Gensler last year to create a facilities master plan for the County’s real estate…

Giving Back 1. Brycon employees partnered with Sleep in Heavenly Peace to help fabricate bed pieces that would later be used to assemble more than 70 beds. SHP is a non-profit organization dedicated to providing beds for children in need within our community. 2. Arizona Builders Alliance raised more than $45K for this year’s ABA Backpack Drive to provide school supplies to children in the community. More than 1,000 children were helped. Company News 3. MODE Commercial Property Management announced a leadership transition. Patty Hartley, president and designated broker, is stepping back from day-to-day operations. David Verwer will assume Hartley’s…

Sale Transactions 1. The Carlyle Group Inc. sold the 217-unit Sanctuary on 51st Build-to-Rent community in Laveen for $61.4M. The buyer was Brunton Management. The seller was represented by Berkadia Phoenix’s Mark Forrester, Ric Holway, Dan Cheyne, Spencer Scott and Andrew Curtis. 2. IRA Capital Partners has paid $46.6M for Belmont Village Scottsdale, a 138-unit, 95.3KSF senior care facility on North Frank Lloyd Wright Blvd. in Scottsdale. 3. Sorrento Seven purchased a fully occupied 34.1KSF industrial building at 2228 W. Guadalupe Roadin Gilbert for $10.9M. The facility is occupied by Moog Aerospace and Defense Company. The property was purchased from…

By Roland Murphy for AZBEX A medical office building proposal recently recommended for rezoning approval in San Luis could, over time, evolve into a micro hospital campus. Materials provided to the San Luis Planning and Zoning Commission by applicant civil engineering firm Dahl, Robins & Associates, Inc. give a general overview of Yuma Regional Medical Center’s initial and long-term intent for the 37.14-acre site at the NWC of Los Oros Street and Main Street/Highway 95. In response to a resident question presented to the Commission in the August 13 hearing on the request, Alex Laky of design firm ARCHSOL explained…

By NAI Horizon The Valley’s robust semiconductor industry has attracted a global leader in precision cleaning and advanced coatings: KoMiCo, which purchased a 125KSF manufacturing facility in Mesa. NAI Horizon’s Rick Foss, Isy Sonabend and Drew Eisen represented KoMiCo Phoenix, LLC in the $17.5M acquisition of 7300 E. Hampton Ave. in Mesa. KoMiCo—which has sites in South Korea, Singapore, China, Taiwan and the U.S. —will develop a state-of-the-art facility for advanced semiconductor equipment parts cleaning, coating, and repair in the Superstition Springs area of the Southeast Valley. According to KoMiCo, the facility is expected to be operational by 2026, creating…

By BEX Staff for AZBEX The Pinal County Planning and Zoning Commission will take up a request next month to develop a 1,000 MW solar power generating facility and an associated 1,000 MW battery energy storage system on 1,092 acres of the 1,169-acre TAP Solar Project site. The site is located approximately eight miles southwest of Maricopa at the SWC of Papago and Warren roads. Developer Sawtooth DevCo, LLC is requesting a major comprehensive plan amendment from moderate low-density residential to green energy production for the power generation facility. According to the submitted project narrative, “The CPA request will be…

By American Institute of Architects While the ABI/Deltek Architecture Billings Index score of 48.2 for the month indicates that fewer firms reported a decline in billings in July than in May, it still means that more than half of responding firms this month are still experiencing soft business conditions. As far as future work in the pipeline at firms, the value of newly signed design contracts decreased for the fourth consecutive month in July, but the pace of that decline slowed as well. In addition, inquiries into new projects continued to increase this month, although that growth continued at the…

Progress Reports 1. W. Silver Recycling announced the development of the $5M expansion of its Tucson facility at 3440 E. 36th St. should be ready to open within the next 45 days. The full expansion over five years will add 25 jobs and a capital investment of $5M, with an economic impact of $26M. The project is being developed in partnership with Sun Corridor Inc., Pima County, City of Tucson and PICOR. Completions 2. The Arizona Department of Transportation announced the new collector-distributor lanes on I-10 westbound in Tempe have opened, with the eastbound opening later this year. The new…

A Request for Information from the City of Goodyear seeks a potential partner for the development and operation of a potential new sports complex for use by residents and for hosting tournaments. The RFI covers the design, construction, financing and operation of the 130-acre City-owned site along Interstate 10 on both sides of Litchfield road. The City’s vision is for 15 soccer/multiuse sports fields, walking trails, 48 pickleball courts, and supporting facilities like parking, restrooms, maintenance and water storage. Other recreational uses could also be considered. The development would take place across three phases and has an estimated cost of…