Author: BEX Staff

Giving Back 1. The 4×5 Suicide Prevention Program is hosting a charity golf tournament on April 17 to raise funds to end construction suicides in Arizona. The event will be held at McCormick Ranch Golf Club in Scottsdale, and all proceeds will directly support the program’s efforts to train construction professionals in Mental Health First Aid, a technique that equips workers to engage and provide life-saving resources to their peers facing mental health challenges. Boards & Commissions 2. Horizon Strategies CEO and former Gilbert Mayor Jenn Daniels is the new chair of the Arizona State Transportation Board, which is tasked…

Sales Transaction 1. Goodman Real Estate purchased Spire Deer Valley at 24100 N. 19th Ave. in Phoenix for $131.1M. The property spans 18 acres just north of the NWC of 19th Avenue and Pinnacle Peak Road. An entity tracing to Rockpoint sold the 388-unit multifamily complex. 2. EQT Exeter Property purchased Park Lucero East for $99.6M. The three industrial buildings are located at 410-450 Germann Road in Gilbert. The buildings combine for 562.9KSF across a 36.7-acre site. Artis Real Estate Investment Trust was the seller. 3. Alden Street Capital Management sold The Cottages at Tucson at 1000 E. 22nd St.…

By Roland Murphy for AZBEX – BEXclusive The Richman Group of Arizona is planning an 86-unit affordable senior housing development on 1.79 acres at the SWC of 41st Avenue and Thomas Road in Phoenix. The developer is requesting a rezoning from Planned Shopping Center to Planned Unit Development to enable the construction of TRG 41st Avenue on what the project narrative describes as “a vacant underutilized infill property.” According to the narrative, “The Applicant proposes to develop the Property into a four-story (48-feet), 86-unit affordable multifamily community for senior residents with qualifying incomes. A Planned Unit Development is a far…

By Roland Murphy for AZBEX (NOT BEXclusive) A long sought after, much delayed mixed-use project once envisioned for a multi-use campus in Maricopa with a new hospital, luxury condos and a hotel almost got a third shot at life this week. Almost. This would have been the third attempt to create a facility at Copper Sky Medical Campus near State Route 347 and Bowlin Road. The first agreements with former prospective developer S3 Biotech fell through because the company repeatedly missed development deadlines, ultimately leading to the City canceling the plan and trespassing S3 employees from the site. The City…

The Coconino National Forest has published its final environmental assessment for its APS McGuireville to Oak Creek 69kV Transmission Line Project. The project’s intent is to bolster the power grid in the Red Rock Ranger District. The 13.7-mile transmission line will be constructed between McGuireville and Oak Creek. The line will connect to existing lines and create a looped system. A 45-day public objection period has opened for the project. The new transmission line will improve the reliability and resiliency of the system. It will open the opportunity to divert some of the power supply if a section of the…

By Salt River Project To help Arizona’s small and diverse businesses scale their operations and secure high-value contracts, Salt River Project and Arizona State University’s J. Orin Edson Entrepreneurship + Innovation Institute are hosting the Small Business Academy powered by SRP, a six-week program launching on Jan. 28 with workshops held every Tuesday evening. The program will culminate with a final pitch competition on March 4. The Academy will cover key topics, such as managing finances, meeting insurance requirements, boosting cybersecurity, scaling operations and perfecting a pitch. Workshops will be held at the SRP Heritage Center in Tempe and Skysong…

Groundbreakings 1. CapRock Partners announced the groundbreaking of Phase Two at CapRock West 202 Logistics. This is the final phase of the 825KSF warehouse distribution and logistics space project. The three-building project is at the NEC of N. 59th Ave. and West Van Buren Street in Phoenix. The project has a planned completion date of November of this year. Colliers’ Payson MacWilliam and Don MacWilliam are leading the leasing efforts. 2. LivAway Suites and West77 Partners announced the groundbreaking of an extended-stay hotel in Tolleson. This is one of six planned LivAway Suites locations planned in Arizona this year, with…

By Roland Murphy for AZBEX Anyone hoping for an in-depth look into how the group opposing Axon Enterprise’s master-planned corporate campus and headquarters development in north Scottsdale was funded may never get any actual satisfaction. Taxpayers Against Awful Apartment Zoning Exemptions filed its required campaign finance report with the City of Scottsdale on Jan. 15. That report, however, provides no real insight into the mechanics of TAAAZE’s operation or spending. The report shows zero individual contributions. Not a single Scottsdale resident contributed a single dollar to the campaign. Whether any attempted but had their potential gifts declined is not noted.…

By Roland Murphy for AZBEX In April 2023, plans came to light that Ryan Companies was planning an industrial development in Eloy that would have placed between 1.8MSF and 1.9MSF of space on 122 acres at the SEC of Houser and Estrella roads, east of Interstate 10 along the Union Pacific rail line. (AZBEX; April 14, 2023) Activity never got underway for the South Crossing Industrial Park, however, and now the company’s plan has shifted to develop the Southwest Crossing Data Park—a three-building data center development with more than 855KSF of building area and a 400-megawatt capacity. The request for…

By Roland Murphy for AZBEX A new 68-unit multifamily townhome development is making its way through the City of Mesa’s review and approval process. Lofts at 121 N Beverly was discussed in the Mesa Design Review Board’s Jan. 14 meeting, with no action being taken. The Planning and Zoning Board is expected to hear the proposal on Jan. 22. According to the submitted narrative, “The general plan designates the area as Neighborhood with a Station Area character overlay. Neighborhood is meant for residential along with small commercial areas. The Station Area overlay is intended to allow for the development of…