Author: BEX Staff

Giving Back 1. The Sundt Foundation recently awarded $37,610 in grants to eight Tucson charities. The recipients are: St. Luke’s Home in the Desert; $10K, Marshall Home for Men; $6,610, Youth on Their Own; $5K, Wheels for Kids; $5K, Gabriel’s Angels; $3.5K, Inside Out Network; $2.5K, BICAS; $2.5K Tu Nidito Children and Family Services; $2.5K. Awards & Accolades 2. AZRE Magazine has published its list of the Most Influential Women in Commercial Real Estate for 2023: Dawn Bishop; Prologis, Jamie Blakeman; Lokahi Engineering, Jenna Borcherding; VanTrust Real Estate, Lynette Dreitz; Cawley Architects, Amy Fricke; LGE Design Build, Bonnie Halley; Colliers,…

Sales Transactions 1. Providence Real Estate Group has purchased Scottsdale Financial Center I from Goldman Sachs for $44M. Cushman & Wakefield’s Tim Whittemore and Patrick Schrimsher are the listing brokers for the property, located at 4110 N. Scottsdale Road. 2. Cushman & Wakefield announced the firm has brokered the sale of Avalon, a fully renovated, 117-unit multifamily community at 3851 N. 28th St. in Phoenix for $29.5M. The buyer was CS Large Cities Housing Fund, LP. David Fogler and Steven Nicoluzakis with Cushman & Wakefield’s Multifamily Advisory Group represented the seller, Avalon LLC. 3. Whitestone REIT has paid $25.3M for…

Taser maker Axon wants to build a tech campus in north Scottsdale to support its planned headquarters facility near the NEC of Hayden Road and Mayo Blvd. The campus is currently planned to include a hotel and approximately 2,300 residential units across four five-story buildings with ground-floor retail and restaurants on a former state land site at Hayden Road and the Loop 101 freeway. In a recent neighborhood meeting to introduce the proposal to residents of the nearby Stonebrook community, Axon representatives said the campus and amenities will serve to support the company’s employees’ housing and entertainment needs at the…

A pair of new auto malls along SR 24 in the southeast part of the Valley came before the Maricopa County Planning and Zoning Commission last month. Berge Auto Mall and Gateway Auto Mall are proposed by Berge Auto Group and Horne Auto Group, respectively. Berge’s site is planned for 114 acres at the NWC of Signal Butte Road and SR 24, while Gateway wants to build on 88 acres at the SWC. Both properties are currently vacant and lie partially in the jurisdictions of both Mesa and Maricopa County. Both cases are represented by Pew & Lake PLC and…

By Pima County The U.S. Department of Transportation on June 22 announced Pima County will receive $20M from the Rebuilding American Infrastructure with Sustainability and Equity Act to add travel lanes, sidewalks, bike lanes, and other transit enhancements to a 1.3-mile segment of West Valencia Road. Once completed, Valencia between Mission Road and Camino de la Tierra will have increased lanes, better traffic flow, improved bike lanes, and better public transportation access and amenities. It also will improve the connection between metro Tucson and communities including the Pascua Yaqui Tribe and the Tohono O’odham Nation San Xavier District, as well…

By Roland Murphy for AZBEX The National Association of Homebuilders recently released an overview of Inclusionary Zoning laws around the United States. Prepared by Hinckley, Allen & Snyder LLP, the 106-page “Policy, Practical, and Legal Challenges to Inclusionary Zoning: A Resource Manual for NAHB Members” offers a state-by-state look at inclusionary zoning and “provides a list of policy, practical and legal strategies that NAHB members may adopt when dealing with inclusionary zoning proposals, as well as an accessible guide to state statutory and case law authority for municipal or county governments to enact inclusionary zoning ordinances,” according to the announcement.…

By BEX Staff for AZBEX Having seen a requested zoning change rejected by the Surprise Planning and Zoning Commission and City Council last fall, developer Alliance Residential has amended its proposal for the Prose Mountain View apartment development and will take it before the Commission again this week. According to the staff report, the developer is requesting the rezoning of approximately 13.2 acres at the SWC of Mountain View Blvd. and White Horse Trail from Community Commercial to Residential High Density. In summarizing the project, the staff report says, “The proposed, for lease, apartment complex will have 260 units and…

Stream Data Centers plans to begin the next phase of its multi-phase development in Goodyear. Stream Data Centers Phoenix 2 has earned its first approvals from the City of Goodyear to develop an approximately 400KSF, two-story data center facility on 21.68 acres of its campus on Litchfield Road near Phoenix Goodyear Airport. The initial component—Stream Data Centers Phoenix 1—was completed in 2020. The Goodyear Planning Commission has recommended approval of a change to the existing light industrial zoning to add a planned area development. A site plan was also approved recently, according to project documents. Like many modern data centers,…

By Associated Builders and Contractors National nonresidential construction spending decreased 0.2% in May, 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 $1.06T. Spending declined on a monthly basis in nine of the 16 nonresidential subcategories. Private nonresidential spending fell 0.3%, while public nonresidential construction spending increased 0.1% in May. “Nonresidential construction spending declined in May, ending a streak of 11 consecutive monthly increases,” said ABC Chief Economist Anirban Basu. “While spending is up more than 17% over that span, manufacturing-related construction has accounted…

Groundbreakings 1. Montezuma Heights Investors, LLC announced it will host a groundbreaking for Montezuma Heights, the new $41M, 144-unit multifamily development on Bagby Drive in Prescott on July 13th. The expected completion date is 20 months from the groundbreaking. MEB Management will be the manager and leasing agent. 2. Construction of a Class A, multi-tenant medical office building is underway at One Scottsdale. Ryan Companies US, Inc. is developing, designing and building One Scottsdale Medical at Scottsdale Road and Thompson Peak Parkway. The two-story 101,136-rentable-SF building is 80% preleased with two national health systems, City of Hope and Exalt Health,…