Author: BEX Staff

An event celebrating the release of $52M to the Bureau of Reclamation for improvements to Hoover Dam was held on Feb. 20. The funding was allocated under the U.S. Department of the Interior’s omnibus appropriations bill approved in January. The money, which was originally collected from ratepayers, had previously been held in an inaccessible account. The original intent was to use the funds for dam employee retirement benefits, but that program has since been funded elsewhere. Hoover Dam provides power to utilities in Arizona, Nevada and California, but low water levels have made it less reliable in recent years than…

Awards & Accolades 1. Camelot Homes earned a Gold Award for Best Attached Model Home at the 2025 National Association of Home Builders’ “The Nationals” for The Retreat, a luxury condominium community in Scottsdale. The builder also received Silver Award honors for Best Interiors of a Custom Home and Best One of a Kind Home for The Gallery at The Collection model home. Groundbreakings 2. The Arizona Cardinals Football Club held a ceremonial groundbreaking for its more than 250KSF performance center and team headquarters on 30 acres in the 217-acre Paradise Ridge site west of Scottsdale Road and north of…

Following a petition rejection from the Marana Town Clerk, opposition group Arizonans for Responsible Development has ended its efforts to put two referenda on the project before voters. Editor’s Note: Arizonans for Responsible Development is sponsored by the labor union-affiliated political group Worker Power. AZBEX has extensively covered Worker Power’s efforts to influence various development projects around the state. Much of our reporting is available here. The Marana Town Council approved rezoning more than 600 acres on two roughly 300-acre parcels in January that will allow developer Beale Infrastructure to build out its planned data center campus. One parcel is…

By Roland Murphy for AZBEX A mostly vacant 3.4-acre infill site near the NEC of 67th Avenue and Paradise Lane in Glendale could soon become a 57-unit specialized apartment community catering to the intellectually or developmentally disabled. The non-profit One Step Beyond, Inc. is requesting a minor General Plan amendment and rezoning to enable construction of Nikki’s Next Step. The project narrative’s introduction says, “One Step Beyond, Inc. is a 501(c)(3) Arizona nonprofit corporation founded in 2003 with a mission to provide dynamic programs to individuals who have intellectual or developmental disabilities and their families so they may achieve full…

By BEX Staff for AZBEX Charter school operator American Leadership Academy wants to develop a new charter school east of Casa Grande on 190 acres at the SEC of McCartney and Cox roads east of the Interstate 10 interchange. A local news outlet reported the organization has submitted landscaping and site plans to Pinal County for review. According to the ALA website, the Casa Grande location is planned for a fall 2027 opening. The site says, “American Leadership Academy has built 21 successful schools in Arizona where families have come to recognize our school as a leader in education. ALA’s…

Arizona Attorney General Kris Mayes is appealing the Arizona Corporation Commission’s approval of an energy agreement between Beale Infrastructure and Tucson Electric Power for Beale’s Project Blue data center development near Tucson. The approval and controversy center around TEP’s agreement to sell Project Blue 286 MW of generating capacity. Mayes alleges the ACC ceded its constitutional authority in approving the deal that allows TEP and Beale to set energy rates themselves without securing ACC approval. She wants the Commission to vacate its decision, which it approved in December on a 4-1 vote. She has also requested that ACC re-hear the…

Giving Back 1. Terracon Consultants Inc. awarded a $6K grant through the Terracon Foundation to the University of Arizona to support undergraduate and graduate geotechnical engineering students in the Department of Civil and Architectural Engineering and Mechanics. The funding will enhance research opportunities and provide financial assistance. Priority will be given to students in the Accelerated Master’s Program, though all geotechnical-focused students are eligible. Boards & Commissions 2. The National League of Cities Energy, Environment and Natural Resources Committee recently welcomed its new appointee, Laura Kaino of the Goodyear City Council. Her first day with NLC was Feb. 20. Company…

Sales Transactions 1. Park Brokerage & Commercial Real Estate LLC, in cooperation with ParaSell, Inc., closed the sale of Verde River RV Resort & Cottages, a 197-site RV property in Camp Verde, as part of a seven-property, $97M portfolio sale. The seven-resort portfolio spans five states and totals more than 1,500 sites. The off-market transaction was completed on behalf of an institutional buyer. Seller financing was negotiated as part of the deal structure. 2. The 70-unit Avalon Townhomeswas purchased by Avalon LVP LLC for $30.1M. Bela Flor Communities sold the Build-to-Rent community. The townhome development is located at 13025 W.…

By Roland Murphy for AZBEX The national and Arizona multifamily market news has been filled for the past 18 months or so with news of market cooling, deliveries outpacing demand after the post-pandemic rush to build, increased vacancies, declining rents, et cetera. To give some of the most current numbers, in its Q4 2025 Phoenix Multifamily MarketBeat report, Cushman and Wakefield reported a 12.8% year-over-year increase in vacancies for Metro Phoenix. 2025 deliveries totaled 20,645 units over the year, which was an 18% decrease from the record deliveries of 2024. Absorption totaled 16,569 units, making it the second-highest year on…

Sedona plans to spend nearly $14M across three projects to ease traffic in its Uptown area and is hoping to secure between $10M and $12M in funding from outside sources. The projects are focused near a ‘Y’ Roundabout at the intersection of State Route 89A and SR 179. They are: Sedona in Motion Project 5E, a $5.4M roundabout at SR 89A and the Forest Road Extension; A $3.1M extension of Ranger Road to connect it to the roundabout, and Sedona in Motion Project 5D: A $5.1M roundabout at Ranger and Brewer roads. The current roundabout at 89A and Brewer Road…