Author: BEX Staff

Sam’s Club purchased 29 acres in Mesa for nearly $13M with the intention of constructing a 166.5KSF building and a 14-pump gas station. The building will span 21 acres on the site located along Recker Road and Loop 202. The remaining eight acres will be reserved for other purposes that could include retail, restaurant, fitness or entertainment. This will be the first Sam’s Club in Mesa and the tenth in the Grand Canyon State. The site is one of the final pieces to be developed in the 313-acre Longbow master plan. The area currently has other projects under review, such…

Giving Back 1. The Terracon Foundation awarded community grants of $4K to the Southern Arizona Environmental Management Society in Tucson and $1K to the Arizona State University student-run food pantry in Tempe. The grants were part of $67K in total community grants to 21 nonprofits around the country. The Foundation also gave a total of $50K to four universities. Boards & Commissions 2. Kim Murphy of CHASSE Building Team has been named the 2025 President of the Southwest Chapter of the Center for Job Order Contracting Excellence. The CJE is created for JOC standards, education and credentials. Murphy leads the…

Sales Transactions 1. Cushman & Wakefield announced the firm brokered a portfolio hotel sale comprising a 180-room Sheraton and 129-room Courtyard by Marriott hotels in Mesa. HSL Properties acquired the hospitality properties for a combined $50.3M. The seller, Power Hotel Group, was represented by Bill Murney and Mike Montoya with C&W. The hotels have access to both Loop 101 and Loop 202. 2. Preissman Perris, LLC represented itself in the $13.7M purchase of a 72KSF office building at 3360 E. Hemisphere Loop at Tucson International Business Center in Tucson. The seller, 3360 E. Hemisphere Loop, LLC was represented by Peak…

By Roland Murphy for AZBEX uncertain: 1. Not clearly defined or identified; 2. Today’s Arizona construction market. On Jan. 28 and Feb. 4, near-capacity crowds once again filled the auditorium of the Arizona Heritage Center in Tempe for the BEX Construction Activity Forecast Event. As it does every year, the BEX Research staff—affectionately known as “The BEXperts”—detailed the major trends across the state in the construction markets we cover every day. Sticking to the time-proven format, BEX Founder and President Rebekah Morris and key members of the Research team give updates on the three primary market sectors (Public Infrastructure, Housing…

By Roland Murphy for AZBEX Demand for electrical power in the next several years is rapidly outpacing existing supply, and utility providers face a daunting task in developing enough capacity, particularly if they are to meet their CO2 reduction goals. Investment in solar and wind energy has been extensive, but both generation methods face difficulties with development, output and infrastructure, as well as increasing political resistance. The Arizona Republic recently reported the state’s three main electricity providers—Arizona Public Service, Salt River Project and Tucson Electric Power—are combining exploration of new nuclear power developments that can increase their output without increasing…

By BEX Staff for AZBEX Waste Management of Arizona is requesting a zoning change for a 3.42-acre site on East Valley Road in Prescott Valley to allow for the development of new facilities on a refuse transfer station property it acquired from Patriot Disposal. The site was once two separate parcels that were combined in 2022 and has operated as a transfer station for several years, according to the staff report. Waste Management wants to change the entire property’s zoning to Industrial: General Limited to allow it to make improvements on the site. Those improvements include the demolition of three…

By Associated Builders and Contractors National nonresidential construction spending decreased 0.2% in December 2024, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.241T. Spending was down on a monthly basis in nine of the 16 nonresidential subcategories. Private nonresidential spending increased 0.1%, while public nonresidential construction spending was down 0.5% in December. “Public sector nonresidential spending fell sharply in the last month of 2024, but that decline was likely a short-term phenomenon as the transition between presidential administrations and cold weather delayed construction…

Awards & Accolades 1. Achen-Gardner Construction was awarded a Build Arizona Award from the Arizona Chapter Associated General Contractors of America. Achen-Gardner received the award for its PVC-Lined Concrete Sewer Pipe and Manhole Rehabilitation North CMAR project in Phoenix. Groundbreakings 2. The Arizona Department of Transportation announced work has begun on a widening project for U.S. Highway 93. The entire long-term project will see the road link between Las Vegas and Phoenix. The $81M portion of the project will widen four miles of U.S. 93 between Wikieup and Interstate 40. Work is expected to finish in 2027. 3. The joint…

By Roland Murphy for AZBEX The expected referendum opposing the Scottsdale City Council’s approval of Axon Enterprise’s master-planned corporate campus and headquarters development at Hayden Road and Mayo Blvd. has economic development leaders nervous. News reports announced Scottsdale City Clerk Ben Lane has certified the petition drive by opposition group Taxpayers Against Awful Apartment Zoning Exemptions secured enough valid signatures to put the matter before voters. While TAAAZE leader, former City Councilmember Bob Littlefield, and other opponents have said they welcome the planned 401KSF headquarters that was originally approved, they oppose the nearly 1,900 multifamily units, six retail buildings, 435-room…

By BEX Staff for AZBEX Cypress Development Partners is seeking to update plans for a 23-acre site near 27th Avenue and Rose Garden Lane that dates back to 1997. Even though the site plan and design guidelines were approved, nothing was ever developed. A local news outlet reports the site is currently owned by Safeway, which worked with CBRE to find a buyer, ultimately leading to Cypress. According to materials submitted to the City of Phoenix, Cypress’ update will require several stipulation modifications and other plan changes from the original approval. The Phoenix Planning Hearing Officer is expected to hear…