Author: BEX Staff

By BEX Staff for AZBEX As part of the consent agenda for its April 22 meeting, the Tempe Development Review Commission approved a development plan review for Tempe Townhomes, a planned community by WeBuild Residential on a 1.81-acre site at 2152 E. Wildermuth Dr., near the SWC of Apache Blvd. and Price Road. The development is planned for a total of 35 units distributed across seven three-story buildings. According to the staff report, the building types consist of four-plex, five-plex and seven-plex layouts. The unit mix consists of six two-bedroom and 29 three-bedroom homes. Two existing single-family homes on the…

In a recent study Session, Casa Grande Community Services Director Daniel Gallegos presented City Council with data from a recent survey researching residents’ most desired services and facilities. Casa Grande’s Sports Complex Concept plan examines new sports and multipurpose fields, along with a new aquatics facility featuring a heated pool. Residents put the new aquatics center first among recreation amenities choices. Sports fields and hiking and cycling trails also received high scores. A City concept plan puts a possible $27M aquatic complex next to the Community Recreation Center. The outdoor facility would feature main and recreational heated pools, as well…

Giving Back 1. The nonprofit Jacob’s Hope is to receive free construction and renovations from the Arizona Builders Alliance for its facility on Country Club Drive in Mesa. ABA is offering these services as a part of its annual Community Service Project. Renovations are expected to be completed by the end of June. Awards & Accolades 2. NAIOP Arizona’s 2025 Award of Excellence will be awarded to Mike Haenel, Executive Vice Chair with Cushman & Wakefield, who has more than 40 years of experience in the industrial/back-office real estate sector. The award will be officially presented on May 1. Company…

Sales Transactions 1. Sanctuary at South Mountain, a 166-unit horizontal Build-to-Rent apartment home community at 6250 S. 40th Pl., was sold to Tower 16 Capital Partners for $48M. CRP/Brown 40th and Southern Owner, LLC, the seller, was represented by Berkadia Phoenix in the sale. CBRE secured debt financing for the buyer. Cushman & Wakefield will serve as a third-party property manager for the south Phoenix property, which will be rebranded as Obsidian at South Mountain. The community contains one-, two- and three-bedroom apartment homes averaging 1.1KSF each. 2. Plaza Escondida at 7850-7972 N. Oracle Road in Oro Valley was recently…

By Roland Murphy for AZBEX In its April 22 meeting, the Buckeye Planning and Zoning Commission approved site plans for a pair of developments that hope to deliver 200 new Build-to-Rent units and 394 apartments. BTR at SEC Yuma and Apache Dominium’s plan for a Build-to-Rent community at the SEC of Yuma and Apache roads calls for 10 single-story detached and 95 two-story duplex buildings with a total of 100 three- and 100 four-bedroom units. Parking will be divided into 243 surface and 200 carport spaces. Planned amenities include a clubhouse/leasing office, an amenity complex with a pool and ramada…

By Roland Murphy for AZBEX After extensive delays with few-to-no updates, it appears the Sprouts Farmers Market and parking garage project as part of the Papago Plaza Master Plan is finally getting ready for construction. Late last week, BEX research staff found a pending permit request for two components at the site, one for 23,453SF and one for 80,039SF, perfectly matching the plans on file for the grocery store and garage at 1490 N. Scottsdale Road. The entire Papago Plaza redevelopment has been a mix of starts and stops since the master plan was first proposed in 2018. The 274-unit…

By Associated Builders and Contractors On April 15, President Donald Trump signed Executive Order 14275, Restoring Common Sense to Federal Procurement, directing significant revisions to the Federal Acquisition Regulations System with the goal of simplifying and streamlining federal procurement. The White House released an accompanying fact sheet and press release with the order. The order directs the Office of Federal Procurement Policy within the Office of Management and Budget to amend the FAR to remove provisions that are not required by law and deemed unnecessary to support simplicity and usability in federal procurement or protect economic and national security interests.…

By Apex Motor Club Private Motorsports Group LLC is excited to announce a significant milestone in the evolution of Apex Motor Club. RJT Capital, a longtime supporter and investor since Apex’s inception, has completed a transaction to become the club’s sole owner. This new chapter is backed by a major investment of approximately $30M that will significantly accelerate the development of its world-class facilities and enhance its member experience. The investment will fund several key improvements, including the construction of a premium clubhouse and 48 additional private garage condominiums. Construction is set to begin later this year, and a limited…

By Plaza Companies and Fayth Hospitality Plaza Companies and Fayth Hospitality have unveiled plans for a new dual-brand hotel development in the thriving north Phoenix area, with anticipated Hilton flagships Tapestry Collection and Homewood Suites by Hilton. The project is located on a prime 8.15-acre parcel at the southeast corner of 64th Street and Mayo Blvd., recently acquired from K. Hovnanian. The two new hotels will feature a combined 254 guest rooms, designed to serve the growing demand from local, national and international tourism as well as visitors seeking care at the high-quality medical facilities in the area. The hotels…

Groundbreakings 1. Aligned Data Centers has broken ground on PHX-13, a 72 MW data center that is one of four facilities planned for the company’s 100-acre Glendale campus. The site will include a new 230 kV transmission line provided by Arizona Public Service. The facility will use modular construction methods in place of traditional stick-built methods to support sustainable and efficient construction. Progress Reports 2. REMI Scottsdale, Autograph Collection is accepting reservations for its June grand opening. The 163-unit Marriott hotel is located at 4415 N. Buckboard Trail in Scottsdale’s Entertainment District. Completions 3. XNRGY has completed construction of its…