Author: BEX Staff

By City of Apache Junction The City of Apache Junction is pleased to announce the release of a Request for Proposal for the transformative development of its 10-acre property located in the downtown district. The centrally located site, which is situated off Idaho Road and Apache Trail, was purchased by the city earlier this year as part of its ongoing efforts to revitalize the area through the attraction of new businesses and investment. The RFP, which is now available on the city website, is intended to solicit responses from developers requesting to either purchase or ground lease the property for…

By Roland Murphy for AZBEX Already a popular area for redevelopment, Rural Road between Apache Blvd. and University Drive in Tempe could soon see another 950-unit community dotting the landscape. This week, the Tempe Development Review Commission will consider a proposal from developer Up Campus Student Living for Nova Tempe, a pair of 20-story buildings totaling 950 units/2,391 bedrooms, more than 14KSF of restaurant space and a 10-story on-site parking structure. The 3.69 gross-acre site at the SEC of Rural and University is a popular location. According to the staff report, “The property to the east was approved in 2023…

By Roland Murphy for AZBEX The Casa Grande Planning and Zoning Commission has approved a major site plan for a duplex community proposed by developer Dominium on a 5-2 vote. The hearing, however, included an extensive discussion of low occupancies and rental unit saturation in the city. The submittal prepared by iPlan Consulting details Dominium’s plan for 278 duplex units on a 25-acre property near the SWC of Peart and Earley roads. The location is within the 107-acre Peartly Point Planned Area Development approved earlier this year. Peartly Point includes areas for residential, commercial and industrial uses, according to the…

By National Association of Home Builders Wages for residential building workers grew at a fast pace of 9.9% in September, following a robust 10.8% gain in August. These year-over-year growth rates in the past four months were unprecedented in the history of the data series since 1990. After a 0.3% increase in June 2023, the YoY growth rate for residential building worker wages has been trending higher over the past year. The ongoing skilled labor shortage in the construction labor market and lingering inflation impacts account for the recent acceleration in wage growth. However, the demand for construction labor remained…

Giving Back 1. Canyon State Electric is collecting LEGO sets throughout November and December to benefit children suffering from illness. CSE’s LEGO Drive is returning for a third year, and sets collected in 2024 are benefitting Phoenix Children’s for its Holiday Toy Drive. The LEGO Drive runs through November until Dec. 13. To donate, purchase from the LEGO Drive Amazon wish list (https://tinyurl.com/CSE-Lego-Drive-2024), bring a LEGO set to Canyon State Electric’s office at 4640 E McDowell Road, or email legodrive@cseci.com to schedule a pickup. 2. The Terracon Foundation announced a $6K grant in support of the Terracon Foundation Funds for…

Sales Transactions 1. San Valiente Luxury Homes, a 604-unit apartment complex at 2220 W. Mission Lane in Phoenix, was sold for $142.3M. Brookfield Properties was the buyer and Blackstone was the seller. 2. Karney Properties purchased the 400KSF warehouse leased by Home Depot at 7200 W. Buckeye Road in Buckeye near Interstate 10 and Loop 202. Cushman & Wakefield’s Will Strong, Michael Matchett and Molly Hunt advised the seller, Cohen Asset Management, in the $69.6M transaction. 3. An entity tracing to ABW Realty purchased the 96-unit Truewood by Merrill Scottsdale, located at 9185 E. Desert Cove Ave. in Scottsdale. The…

By Rebekah Morris for AZBEX Funding for public construction was something of a mixed bag at the Nov. 5 ballot across the state. General Obligation bonds for the cities of Buckeye, Mesa and Tempe passed, as did Prop 479 in Maricopa County and Prop 486 in Pinal County. Bonds for K-12 districts, on the other hand, saw nearly 2/3 by dollar volume lacking sufficient support and headed toward defeat. Municipal Bonds All Passed by Voters The City of Tempe had the largest bond on the ballot in Arizona at $500M. The bond was spread across three questions: $301M for Public…

By Arizona Department of Transportation The Arizona Department of Transportation is holding a public hearing Nov. 19 to discuss the recommended location of a connector road between State Route 80 and a proposed new commercial land port of entry west of Douglas. The meeting is scheduled from 5 to 7 p.m. Tuesday, Nov. 19, at the Douglas Visitor Center, 345 16th St. in Douglas. The meeting will begin with an open house, followed by a presentation at 5:30 p.m. and then a public comment hearing and continued open house at 6 p.m. The recommended connector route follows James Ranch Road…

By NAI Horizon NAI Horizon Executive Managing Director Denise Nunez and Investment Sales Associate Andrew Agresta represented the seller and secured the buyer in the $4.35M sale of a permit-ready site located at 19208 S. 196th St., in Queen Creek. A local developer acquired the 9.73-acre site, which is ready for immediate construction of an RV/boat and self-storage facility. The planned development will consist of 149,115 net rentable SF, including 595 units with a mix of self-storage and RV/boat parking options. The facility will feature: 71 drive-up units; 214 climate-controlled units; 49 fully enclosed RV parking spaces; 206 covered RV…

Awards & Accolades 1. Achen-Gardner Construction’s Carefree Water Consolidation CMAR project won the ACEC Arizona Engineering Excellence Award. The Town of Carefree selected Achen-Gardner as the prime contractor and CVL Consultants as the design engineer. 2. Achen-Gardner Construction won Project of the Year for a siphon repair job on a Pima County JOC project. The award was granted at the Reline America Annual Installer Meeting in Virginia. Achen-Gardner also placed third for Most Material Installed. Groundbreakings 3. The City of Phoenix Housing Department and Gorman & Company celebrated the groundbreaking of Girasol Apartments, a replacement of Sidney P. Osborn Apartments.…