Author: BEX Staff

Awards & Accolades 1. AZ Big Media released the 2026 Ranking Arizona Top 10 Multifamily Builders, based on public voting: Mark-Taylor Companies, MT Builders Companies, Mattamy Homes, Liv Communities, CHASSE Building Team, NexMetro Communities, VIVO Development Partners, A.R. Mays Construction, Optima and Decca Multi-Family Builders. 2. AZ Big Media released the 2026 Ranking Arizona Top 10 Multifamily Management companies, based on public voting: Mark-Taylor Residential, Greystar, P.B. Bell, MC Companies, Asset Living, Bryten Real Estate Partners, Cornerstone Properties, West USA Property Management, Liv Communities and Alliance Residential Company. 3. AZ Big Media released the 2026 Ranking Arizona Top 10 Pool…

AZBEX NOTE: Over the last several months, we have seen a sharp increase in the number of CRE transactions submitted for publication without dollar amounts or, occasionally, the names of the parties involved. We understand brokerages and their clients may sometimes believe there is value in withholding this information, but this “shadow reporting” does a disservice to our readers. Moving forward, we will no longer be publishing incomplete announcements to the AZBEX website. All submissions and aggregations must have the dollar amount and at least one of the two parties for inclusion. We will continue to include the complete list…

By Roland Murphy for AZBEX A new market report on construction costs in the United States shows inflation may be “leveling off.” In his introductory column in the Rider Levett Bucknall Q1 2026 Quarterly Construction Cost Report, RLB President North America Paul Brussow said, “Construction cost inflation is beginning to level off. Quarterly increases are holding near 1%, translating to an annualized rate just above 4%. While still elevated (most of the pressure coming from materials costs) compared to historical 3% per annum, the consistency suggests that the industry may be settling into a more predictable environment, one where owners…

By Roland Murphy for AZBEX Pulte Homes is requesting a Planned Unit Development rezoning for 9.42 gross acres in the Norterra area of north Phoenix to enable the development of Solis at Norterra, an 80-unit for-sale townhome development at the SEC of North Valley Parkway and West Casino Avenue. The infill property is currently zoned Planned Community District with underlying C-2 zoning. According to the narrative submitted by project representative firm Kimley-Horn & Associates, Inc., “The Dynamite Mountain Ranch PCD was approved in 1998 and has largely been built out with master planned infrastructure, homes and commercial development since then.…

By The Mangat Group The Mangat Group announced plans to expand its industrial development footprint of new flex industrial space across four locations in the West Valley. The project builds on the previously announced MG Business Park and responds to increasing demand from small- to mid-sized businesses seeking flexible office and warehouse space in one of Arizona’s fastest-growing regions. The Mangat Group expects to invest more than $250M across the four planned developments. The first project, located on Glendale Avenue and New River Road, is entering its second phase of development and will include 71 units totaling approximately 93KSF. A…

The Flagstaff Planning and Zoning Commission discussed adding restrictions on data center developments to the City code during its March 11 and 25 meetings. This follows a trend in the Southwest where cities are increasing the number of restrictions regarding data centers due to fears surrounding resource consumption and environmental impacts. AZBEX has extensively covered restrictions popping up throughout Arizona. To view our previous coverage, click here. Northern Arizona University’s Department of Applied Indigenous Studies held a discussion regarding data centers on March 20. This discussion focused on how data centers may impact Indigenous communities. The code update will be…

A 2006 voter-approved state law may end up forcing cities and other jurisdictions to pay landowners for damage to their properties’ value when zoning rules were changed to restrict data center development. Proposition 207 allows owners to seek compensation when new zoning rules reduce land values. In recent years, several jurisdictions around the state have shifted their zoning regulations to more narrowly define where data center development is allowed. AZBEX has covered these restrictions extensively. Our articles can be found here. Now, several landowners and developers are beginning to pursue compensation for impacts under the various restrictions, including demands from…

Awards & Accolades 1. AZ Big Media recently announced its 20th Annual Real Estate Development Awards. The awards given were as follows: Rescue Oasis as Recreation Project of the Year:Owner: City of Surprise;General contractor: Willmeng Construction; Architect: LEA – Architects. Tempe Municipal Operations Center as Public Works Project of the Year:Owner: City of Tempe;General contractor: Haydon; Architect: DWL Architects + Planners. Goodyear High School as Education K-12 Project of the Year:Owner: Agua Fria Union High School District;General contractor: CHASSE Building Team; Architect: ADM Group. Mohave College Advanced Manufacturing Training Center as Higher Education and Workforce Development Project of the Year:Owner:…

A bipartisan Arizona State Senate bill that looks to increase the state’s affordable housing supply by eliminating many municipalities’ home design aesthetic guidelines was recommended by the House Commerce Committee and will now go to the Rules Committee before advancing to a floor vote. Phoenix Sen. Shawnna Bolick is Senate Bill 1431’s primary sponsor. The proposal bans requirements for screening, walls or fences, and eliminates aesthetic design standards for a broad range of materials, design elements, architectural styles, floor plans, outdoor improvements, driveway surfacing and other components. Local jurisdictions would also be prevented from requiring the formation of homeowners’ associations…

By Roland Murphy for AZBEX In its March 11 meeting, the Salt River Pima-Maricopa Indian Community Council voted 8-0 to approve two resolutions that will enable the development of a 162KSF Costco warehouse store and fuel center on Community land at Pima Road and Montecito Avenue, north of Pima and Indian School roads The project will be one of only around 15 Costcos in the U.S. with an on-site car wash. The retail development has been rumored for nearly a year, but due to non-disclosure agreements, it had not been publicly announced prior to the March 11 Council meeting. Community…