Author: BEX Staff

By Roland Murphy for AZBEX Simpatico Communities is proposing Pinyon Crest—a new 56.5-gross-acre mixed-use community east of Highway 87 and Tyler Parkway in Payson. The developer has requested a rezoning from C-2 General Commercial and R1-10-MH Single-family and Manufactured Housing to Planned Area Development for the vacant site, which is surrounded by existing land uses consisting of vacant land, church uses and single- and multifamily residential. Because the 2014-2024 Payson General Plan Land Use Map designates the site for commercial and medium-density residential, no General Plan amendment will be required. The Payson Planning and Zoning Commission is scheduled to hear…

Despite assertions by Northern Arizona Healthcare that a citizen group opposed to the development of its planned hospital and wellness village used incomplete and inaccurate information to solicit signatures for a referendum on the project zoning in violation of state law, Coconino County Superior Court Judge Brent Harris ruled last week to allow the referendum to proceed. After Flagstaff City Council approved the necessary rezoning for the project, opposition group Flagstaff Community First circulated a petition to put the zoning on the ballot for voter approval. The group reportedly secured more than 2,000 more signatures beyond than the required minimum,…

By BEX Staff for AZBEX The City of Peoria’s recently approved $950M budget includes more than $170M for water infrastructure, according to news reports, which City officials say demonstrates Peoria’s commitment to meeting residents’ needs now and in the future. The largest infrastructure project on the budget is $62M for the CAP/LPP Intersection Wellfield and Pipeline and Zone 6E Reservoir & Booster Pump Station, which will provide new potable water wells, water lines and a pumping station near the Central Arizona Project Canal and Lake Pleasant Parkway to ensure a redundant water supply in north Peoria. The state is contributing…

Awards & Accolades 1. The Town of Sahuarita’s Beth Abramovitz has been named Professional Manager of the Year – Public Right of Way in the APWA Arizona Chapter 2023 Awards. Company News 2. As it celebrates its 40th anniversary, Sigma Contracting, Inc., continues to show its diversity in building and renovating projects around Arizona and the Southwest. Sigma Contracting was founded in 1983 and is licensed in nine Southwestern states. For 40 years, Sigma has been the turnkey contractor or project manager for more than 1,000 construction projects including hospitals, medical office buildings, multifamily, schools, public venues, retail, industrial, banks,…

Sales Transactions 1. Steven Underwood and Chad Tiedeman with Phoenix Commercial Advisors represented the seller in the $31.3M sale of Plaza32, a 15.9-acre shopping center at Bell Road and 32nd Street in Phoenix. The parties were not disclosed. 2. Dalan Management has paid $28M for the 139-unit Country Gables apartment community in Glendale. Seller Western Wealth Capital was represented by Cliff David and Steve Gebing of Institutional Property Advisors, a division of Marcus & Millichap, who also procured the buyer. Acquisition financing was arranged by IPA Capital Markets’ Brian Eisendrath, Cameron Chalfant, Jake Vitta and Tyler Johnson. 3. CBRE has…

By Roland Murphy for AZBEX Nirvana Developers is proposing a 305-unit multifamily community on 10.18 vacant gross acres at the NEC of Broadway and Miller roads in Buckeye. The developer has requested a rezoning of the site from Commercial Center to Residential Multifamily. Despite having commercial zoning in place for years, the site has remained vacant. By proposing the rezoning and multifamily development, Nirvana claims in the project narrative the planned community’s “close proximity to other commercial and residential uses… will complement and draw residents to this up and coming area.” The narrative also says Nirvana at Miller will provide…

The Buckeye Planning and Zoning Commission has recommended approval of a rezoning and General Plan amendment for a proposed industrial site at the SEC of Verrado Way and Broadway Road. The requests for the Verrado 310 site covered rezoning nearly 316.5 acres from “General Commerce (GC) (208.16-acres), Planned Community (PC) (102.97- acres) and General Commercial (C-3) (5.34-acres)” to Light Industrial for a future employment center and implementing a minor General Plan amendment to change the land use of 105.68 acres on the east side of the property from Master Planned Community to Employment. According to the narrative submitted with the…

By BEX Staff for AZBEX Despite the elimination of light rail expansion funding in the recently passed and signed bill to send the Proposition 400E Maricopa County half-cent transportation sales tax to voters for approval, area transportation officials say two planned extensions will go forward using other funding mechanisms. An Aug. 2 article in The Arizona Republic quotes Maricopa Association of Governments Funding Policy Manager John Bullen as saying a planned extension running parallel to I-10 from downtown to 79th Avenue and another in the area of 19th and 43rd avenue between Bethany Home and Indian School Road can still…

By Associated Builders and Contractors National nonresidential construction spending increased 0.1% in June, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. Spending is up 18% over the past 12 months. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.07T in June. Spending increased on a monthly basis in 12 of the 16 nonresidential subcategories. Private nonresidential spending was virtually unchanged, while public nonresidential construction spending rose 0.3% in June. “Nonresidential construction spending growth downshifted over the past two months,” said ABC Chief Economist Anirban Basu. “While stakeholders can expect ongoing spending…

By Alexandra Both and RentCafé Phoenix is one the nation’s fastest-growing cities, having welcomed more than 30,000 newcomers in the last three years, all needing a place to live amidst an affordable housing shortage. According to Maricopa Association of Governments data, almost half of renters in Maricopa County are cost-burdened, paying more than 30% of their income on rent. As a result, since 2017, homelessness in Phoenix surged by more than 70% to an alarming 9,600 people at the start of the year. More action is needed because Phoenix holds the key to its own housing crisis. The city ranked…