Author: BEX Staff

Groundbreakings 1. Becker Development and Consulting LLC, along with its client, Rose Acre Farms, held a groundbreaking ceremony for its second egg production farm named Desert Valley Egg Farm in La Paz County. Rose Acre Farms will start construction of Desert Valley Egg Farm in fall 2023, investing more than $100M on the farm, which is expected to be complete by 2026.  2. Stillwater Capital Investments and equity partner Rosewood Property Company have begun construction on a 352-unit multifamily development tentatively called Stillwater Rivulon in Gilbert. The general contractor is MT Builders. OMNIPLAN is the architect. Interior design is by…

By BEX Staff for AZBEX The Buckeye City Council has approved a rezoning for Avilla Marigold, a 214-unit Build-to-Rent development planned by NexMetro Communities on 19.4 acres on the SWC of Jackrabbit Trail and Thomas Road. The requested rezoning changes the site from single-family residential to multifamily. The plan received a degree of neighborhood opposition, including concerns about water use, traffic and damage to neighborhood character, among others. NexMetro reported they have acquired assurance of a 100-year water supply and intend to address road issues affecting the community’s planned development around two-lane roads. NexMetro communities is the developer. The architect…

Barclay Group has bought out the parcels at Gladden Farms Marketplace in Marana for $4.9M. The purchase features 9.65 acres with entitlements and improvements at Tangerine Road and Lon Adams. The seller was Weingarten/Kimco Realty Corporation. The overall Gladden Farms Marketplace will now feature a 125KSF Fry’s Food Store with a fueling center. The store is expected to break ground this summer and is targeting a Q3 2024 opening. The Fry’s was originally planned at 110KSF. An additional 1.7 acres has been added from each side of the original parcel to accommodate the enlarged footprint, which now includes a drive-thru…

By Prime Data Centers Prime, a developer and operator of hyperscale and wholesale data centers in America and Europe, announced expansion into the Phoenix market with a five-building, 66.5-acre campus in Avondale. Prime Phoenix will feature 210MW of critical power and 1.3MSF of space. The project will culminate in a sustainable, high-density data center campus designed to support hyperscale services providers, large Internet brands, global technology companies and the Fortune 500 enterprise. The Avondale location is in Maricopa County a few minutes west of downtown Phoenix. Dark fiber access from the campus will provide customers with low-latency connectivity to local…

By Roland Murphy for AZBEX Adding to its recent projects in Yuma and Surprise, Panattoni Development is proposing a new six-building industrial development totaling 955.5KSF on 62.66 acres of land in unincorporated Maricopa County/Glendale. The site is on the south side of Northern Avenue between Dysart and El Mirage roads. Panattoni started its slate of projects in the Arizona market late last year with plans for a 274KSF speculative industrial development in Surprise. Earlier this year, the developer followed up by announcing plans for a 1MSF, four-building logistics and warehousing industrial park in Yuma. The Plan of Development for the…

By National Association of Home Builders During its annual National Safety Stand-Down to prevent falls in construction, OSHA launched a new emphasis program “to reduce or eliminate workplace fall hazards associated with working at heights.” The program, administered by OSHA’s Directorate of Construction, went into effect May 1. OSHA noted in its program instructions, “Considering that falls remain the leading cause of fatalities and serious injuries in all industries, the agency has determined that an increase in enforcement and outreach activities is warranted.” The new emphasis program authorizes inspectors to initiate inspections whenever they observe someone working at heights. These…

By Roland Murphy for AZBEX Two recent articles on GlobeSt.com, written by the same reporter and published one day apart, show the U.S. multifamily market may be stabilizing, but plenty of uncertainty remains. Barbara Ballinger, an industry reporter with a solid reputation, wrote in a May 1 article entitled, “April’s Apartment Rent Growth Hits Several Grim Milestones,” that apartment rents increased 1.7% in April. Using data from Apartment List, the article noted the April increase was the lowest since March 2021 and fell below the pre-pandemic average of 2.8%. Ballinger said the month-over-month increase of 0.5% indicated continued deceleration in…

Giving Back 1. Habitat for Humanity Central Arizona’s annual Blueprints & Blue Jeans gala brought in a record-breaking $508,618.56. The gala, attended by 351 guests, featured a silent auction/cocktail hour. An anonymous donor provided matching funds up to $100K during the event’s “Fund the Future” paddle raise.   2. Goodmans announced its upcoming charity event, Goodmans Chair Hockey, benefiting the nonprofit charitable organization First Place AZ. The event is taking place at 5 p.m. on Thursday, May 11 at the Goodmans Phoenix showroom, 1400 E. Indian School Road, Phoenix, and is expected to attract a crowd of more than 400 players…

Sales Transactions 1. An entity of Sunbelt Investment Holdings Inc. has purchased 167.08 acres at 1802 S. Verrado Way, Buckeye, from the Van Leeuwen family for $17.2M in an all-cash transaction. The seller was represented by Greg Vogel, Bret Rinehart, Ryan Semro, Ben Heglie, Wes Campbell and Max Xander of Land Advisors Organization.  2. 8500 S Rita Road LLC purchased a 116.9KSF industrial building at 8500 S. Rita Road in Tucson from Mithril Real Property, Inc. for $13M. Robert C. Glaser and Jesse Blum with Cushman & Wakefield | PICOR represented the seller. Gary Emerson with GRE Partners, LLC and…

By EdgeCore Digital Infrastructure EdgeCore Digital Infrastructure announced the expansion of its data center campus in Mesa. Additionally, EdgeCore announced it has received the Green Building Initiative’s Green Globes for Existing Buildings certification for its adoption of sustainable building best practices at the initial data center on the campus. At full build-out, EdgeCore’s LEED and Energy Star designed campus in greater Phoenix will be capable of supporting a minimum of 200 MW of critical load and will be engineered to meet current and future customer requirements across more than 1.1MSF of space. Low-cost utility power is already available at the…