Author: BEX Staff

Giving Back 1. The 6th annual Big Dig for Kids event presented by Sundt Construction benefitting Phoenix Children’s took place Nov. 5. The event raised more than $750K to support the new MIBG target therapy program used to kill cancer cells in children. There were more than 2,300 attendees, including 300 Phoenix Children’s patients. More than 300 volunteers and 91 sponsoring companies participated. New Hires 2. Brian Moore has joined W.E. O’Neil Construction as Senior Project Manager. 3. Davis Commercial AZ has announced two new hires. Joining the firm are Associate Broker David Roberson and Business Development Specialist Cathy Maloney.…

Sales Transactions 1. The Pavilions – a 10.4-acre, 129.7KSF retail center at the SEC of Dobson and Guadalupe roads in Mesa – has been sold to Pavilion Jasleen LLC and Pavilions Banwait LLC for $22M. Seller West Valley Properties was represented by Phoenix Commercial Advisors’ Danny Gardiner and Chad Tiedeman. 2. Cushman & Wakefield | PICOR announced the firm has brokered the sale of Black Canyon Commerce Center – Building A, a 62.8KSF multi-tenant office building in Phoenix. The property was acquired by Evergreen Associates, LLC for $11.2M. Eric Wichterman and Mike Coover with Cushman & Wakefield’s Private Capital represented…

The Glendale Planning Commission will hear a request this week from developer McKinney Investments to rezone 40 acres near the SWC of Bethany Home and Sarival roads for a proposed industrial development. Plans for Bethany Home 303 call for a two-building development of approximately 700KSF. The project submittal says the current plan is conceptual and may be altered depending on market conditions. McKinney has requested a rezoning of the property from light industrial to planned area development to allow for a greater range of industrial and commercial uses. Cawley Architects is the project design firm, and engineering services are provided…

The Casa Grande Planning and Zoning Commission has voted to approve two major projects despite opposition. In the first project – known as Post Ranch – City staff recommended against approval. Applicant Scapegoat Design Studio requested a rezoning from Planned Area Development to R-2 on a 567-acre parcel to allow the development of more than 2,000 attached multifamily dwelling units near the SWC of Florence Blvd. and Toltec Buttes Road. Planning staff feared the zone change was not in keeping with Casa Grande’s General Plan, since developments on the west, south and east sides of the planned site are PADs…

By STACK Infrastructure STACK Infrastructure announced its plans to develop a five-building, 230MW campus in the heart of central Phoenix, Arizona. This massively scalable 50-acre campus will be developed to support the increasing demand for critical capacity in this rapidly growing data center market. Located in the center of Phoenix, near the largest hub of long-haul fiber and metro network providers in the region, the new campus will offer strong connectivity for innovators in one of the most active hyperscale data center markets globally. The more than 1.7MSF campus will include a low water use design that supports client sustainability…

By Roland Murphy for AZBEX Last month, the American Planning Association Arizona Chapter and the Arizona Association for Economic Development conducted a workshop on affordable housing in the state. The presenters were: Ashlee Tziganuk with the Morrison Institute for Public Policy at Arizona State University, Jerry Stabley, former community development director for Pinal County, and Bob Workman of R.L. Workman Homes in Sierra Vista. In individual presentations, the group explained the policies and problems currently impacting affordable housing in the state from both legal and development perspectives and offered insights as to what can be done to better address the problems moving forward.…

Editor’s Note: In our May 17 edition, we published an expansive article based on multiple international reports, Taiwan Semiconductor Manufacturing Company investor materials, and commentary from a senior TSMC official about the company’s potential to expand its Phoenix operations into six-phase “GIGAFAB®” facility that has the potential to increase final fabrication space to as much as 17.25MSF. (AZBEX, May 17) A report in the Wall Street Journal this week confirmed the possibility that Taiwan Semiconductor Manufacturing Company may be planning an expansion to its facility currently in development in north Phoenix. Reports say that “in the coming months” the company…

After including a “peace of mind” stipulation that a part of Trilby Wash will be designated as a wildlife corridor and protected from development, Surprise City Council recently approved multiple rezonings for a 320-acre property on the City’s far west end. There are no immediate plans to develop the site, which lies between Deer Valley and Pinnacle Peak roads and between 227th and 231st avenues. Some Council members said they felt the stipulation was redundant, since the design standards in place for the site already include buffer requirements next to environmentally sensitive areas like Trilby Wash. Representatives of RVi Planning…

By Roland Murphy for AZBEX We can take yet another arrow out of the NIMBY quiver. A new study has shown clear evidence that publicly subsidized/incentivized low-income housing does not lower surrounding home values in the neighborhood. In fact, it can increase them. The study examined 508 developments that received Low-Income Housing Tax Credit program funding between 1997 and 2016 and used local property assessments and tax records to examine more than 600,000 nearby residential property sales. According to the summary article, “We found that, relative to comparable homes in other neighborhoods, average home prices jumped by 10% within a…

Groundbreakings 1. With the demolition of the former Ladlow’s Fine Furniture building, work has begun on Modera Kierland, a two-section,438-unit multifamily development on Scottsdale Road in north Phoenix. 2. General contractor A.R. Mays Construction announced it has begun construction on the $23M, 98KSF Andretti Indoor Karting and Games facility in Chandler at the NWC of Northrop Blvd. and Cooper Road. Project delivery is expected next November. 3. Queen Creek broke ground recently on the 13-acre Phase II expansion of Mansel Carter Oasis Park. The expansion will add a variety of new sports and recreation facilities, more restrooms and parking, and…