Author: BEX Staff

By Roland Murphy for AZBEX Mayo Clinic is continuing its quest to fulfill a master planned biotechnology and innovation hub known as Discovery Oasis on 228 acres around its Mayo Clinic Hospital campus at 56th Street and Mayo Blvd. in north Phoenix. On Jan. 19, Mayo Clinic filed a Planned Unit Development request for Discovery Oasis Paradise Ridge, a 76-acre site that will include a “New medical focused campus that will include outpatient clinic, patient services and advanced R/D and medical equipment manufacturing space, with associated tenant amenities, to total up to 2.3MSF within the Mayo Clinic Discovery Oasis Master…

A set of zoning code changes to promote housing construction on infill sites is making its way through the Tucson City Council process. In June of last year, the Mayor and Council discussed issues they commonly heard concerning the City’s Planning and Development Services Department. After those discussions, Council ordered improvements to the Tucson Unified Development Code. Over the last nine months, a series of public outreach and interdepartmental communications led PDSD to create seven amendments to the zoning code that it will present this week. Among the recommended changes are: Requiring only one parking space per unit and eliminating…

By Roland Murphy for AZBEX After spending the second half of 2022 in limbo as LG Energy Solution paused to reevaluate its investment due to the current state of the market, events since the first of the year strongly indicate the company’s Queen Creek battery plant project will move forward. AZBEX was first to report on both the initial agreement between LGES, its subsidiary ES America LLC, the Town of Queen Creek and Pinal County to bring the project, with a total estimated valuation of $2.8B, to a 650-acre site at Germann Road and Ironwood Drive. We were also first…

By Roland Murphy for AZBEX Even before its Phase I plans have been scheduled for a hearing before the Scottsdale Development Review Board, Mack Real Estate Group has filed its pre-application for development review for Phase II of its Mack Innovation Park Scottsdale master plan. The innovation park is a 124.7-acre mixed-use master plan site at the SEC Loop 101 and Pima Road in Scottsdale. MREG paid $125M for the property in an Arizona State Land Department auction last March. The company filed its requests for site plan reviews for site improvements, elevations and landscape plans for Phase I—a five-building…

Two San Tan Valley projects recently advanced after approvals from the Pinal County Board of Supervisors. In the first, the Board approved a minor amendment to the San Tan Valley Special Area Plan, rezoning and a Planned Area Development for the 225-unit Elux at Ocotillo Build-to-Rent community. The development of one-, two- and three-bedroom units is planned for approximately 24 acres on the NWC of Ocotillo and Kenworthy roads. In what may be a sign of development fatigue, Chairman Jeff Serdy voted against some of the agenda items for the project and said people looking for multifamily residences may want…

By The American Institute of Architects Fewer architecture firms report declining billings in January compared to billing activity in December, according to a new report today from The American Institute of Architects. AIA’s Architecture Billings Index score for January was 49.3, compared to 48.4 in December (any score below 50 indicates a decline in firm billings). The January score indicates overall revenue at U.S architecture firms continued to decline from December to January, however, the pace of decline slowed. Inquiries into new projects during January grew, with a score of 55.2 compared to 52.6 in December. The value of new…

Awards & Accolades 1. Cushman & Wakefield | PICOR was named among the top-producing Tucson leasing and top Tucson sales firms in the annual CoStar Power Broker Awards. At the individual recognition level, CoStar recognizes the top five professionals in each market sector. C&W | PICOR’s winners were:  Top Industrial Leasing Brokers: Jesse Blum, Stephen Cohen, Robert Glaser and Paul Hooker; Top Office Leasing Brokers: Rick Kleiner and Thomas Nieman; Top Retail Leasing Brokers: Greg Furrier, Dave Hammack and Aaron LaPrise; Top Sales Brokers: Rick Kleiner, Joey Martinez and Allan Mendelsberg. 2. The Arizona Masonry Council recently bestowed journeymen cards…

Sales Transactions 1. JLL subsidiary LaSalle Investment Management has paid $70M for Mountain Park, a 240-unit multifamily community on 12.5 acres at 4221 E. Ray Road in Phoenix. IPA’s Cliff David and Steve Gebing represented seller Sares Regis Multifamily and procured the buyer.  2. A 4.5KSF Super Star Car Wash on West Hunt Highway in San Tan Valley sold for $6.14M. The seller, a limited liability company, was represented by Zack House, Mark Ruble and Chris Lind of Marcus & Millichap.   3. A 46.7KSF building on 4.52 acres in the Median Business Park II development in Tucson will be repurposed…

The Mesa Design Review Board discussed the design and landscaping for a planned 80-unit townhome development known as Pi planned for four acres at 4140 E. Main Street. The site is currently zoned limited commercial. Owner Dolly Varden LLC and applicant Atmosphere Architects are requesting rezoning to multiple residences. The Japanese minimalist-inspired design calls for 12 two-story, three-bedroom units and 68 three-story, three-bedroom units. All units will have attached two-car garages. The project narrative says the development is targeted to young families, working professionals and others who want the feeling of a single-family home without the associated yard maintenance and…

By Salt River Project As Phoenix and Maricopa County lead the nation in population growth and economic development, SRP continues to experience significant increases in customer electricity demand. Meeting this growth with adequate power supply is now met with new challenges which include supply chain issues, planned coal retirements, and decreased hydroelectric generation from the drought-stricken Colorado River. To help meet projected demand and ensure SRP can maintain reliable electric service for customers beginning in summer 2026, SRP is issuing an All-Source Request for Proposals to seek additional power resources that can provide at least 200MW during the summer peak…