Author: BEX Staff

By BEX Staff for AZBEX The Somerton City Council has approved a development agreement with Somerton Hospitality that could lead to the construction of the city’s first hotel. The proposed facility will be on Main Street in the Parkview Commerce Center. According to local news sources and the City Council documents, Somerton Hospitality will pay the City $600K for the property. The transaction must be finalized within a year, after which the developer will have up to two years to have the project’s construction in a “significantly advanced” state. Plans for the actual hotel are still fluid, with an expected…

By Salt River Project To meet the growing power demands of the Phoenix metropolitan area, SRP issued a 2025 All-Source Request for Proposals on Feb. 24. The RFP seeks competitive proposals for resources that can provide at least 600 megawatts of summer capacity by the summer of 2031 and an additional minimum of 500 MW of capacity by the summer of 2032. SRP is also seeking information on the earliest date that projects can be online, recognizing the interest and potential for large customer growth. SRP is also seeking proposals for resources that provide up to 2,700 MW of new…

Groundbreakings 1. Sundt Construction has broken ground on the Strategic Academic Flight Education Building and the T-3 Residence Halls at Embry-Riddle Aeronautical University. The $80M T-3 Residence Halls will contain two student housing complexes, each 80KSF and four stories tall, housing 300 students in total. The $10M S.A.F.E. Building will be 20KSF and designated for flight training. 2. Work on a new West-MEC Southeast Campus began on Feb. 25. DLR Group is the design firm for the project, and CHASSE Building Team is the general contractor. The campus plot is 30 acres and located at W. 93rd Street and Osborn…

By City of Phoenix Phoenix City Council voted to enter into two purchase and sale agreements with local school districts to make 10 acres of land available for more affordable housing units. The land will be purchased from the Isaac School District (4.56 acres for $3.1M) and the Alhambra School District (5.54 acres for $2.3M). In both cases, the City will then immediately sell the land for it to be developed into affordable, multifamily housing. During the brief time Phoenix owns the property, the City will place a Land Use Restrictive Agreement that requires the properties to be used for…

By BEX Staff for AZBEX After winning voter approval for its first general obligation bond request in decades last November, the Buckeye City Council is now working to decide the best way to allocate the $282M in funds. Council and other officials held a workshop earlier this month to discuss planning and priorities, according to a local news report. Public safety will see $137M in funding, with the remaining $145M planned for transportation and street projects. City officials say some projects can get started in the next couple of months after the first phase of bond debt is issued. Buckeye…

By Roland Murphy for AZBEX Another new master-planned development could soon be coming to the Verrado area of Buckeye. This week, the Buckeye Planning and Zoning Commission will hear a request from developer Greenlight Communities to rezone 46.06 acres at the NEC of Verrado Way and the Van Buren Street alignment from planned residential to planned area development for a five-parcel plan that will bring up to 954 units of assorted multifamily residential and 5.7 acres of commercial development to the burgeoning area. The property is currently owned by Buckeye Union High School District 201. The plan for Greenlight Verrado…

By BEX Staff for AZBEX To keep up with persistent student demand and better accommodate West-MEC students living in Peoria, the City Council has approved an intergovernmental agreement with the school for a new campus on 14 acres of City-owned property along Peoria Avenue between the Loop 101 frontage and 95th Avenue. West-MEC has experienced ongoing demand for its Career and Technical Education curriculum and services in the West Valley and has undertaken new campuses or expanded existing ones in Phoenix, Surprise and Buckeye in recent years. A large contingent of West-MEC’s students live in Peoria, and the logistics of…

By Associated Builders and Contractors Associated Builders and Contractors today announced its sponsorship of Construction Safety Week 2025, which will take place May 5-9, as a call to action for the entire contracting community to commit to a safer industry. “Total human health and safety are core values in building safer cultures, jobsites and employees, and a tangible way to improve those core values by participating in Construction Safety Week,” said Michael Bellaman, ABC president and CEO. “This week is much more than a campaign. It’s become a national movement to ensure every construction worker goes home safer, happier, healthier…

Awards & Accolades 1. Cushman & Wakefield | PICOR recently held its Annual Awards event at the Tucson Country Club to highlight and celebrate its team’s achievements in the past year. Award recipients included: Paul Hooker –President’s Award for Excellence; Angie Benedict –Peter H. Douglas Heart & Soul Award; Rick Kleiner –Winner’s Circle #1 Producer; Allan Mendelsberg –Winner’s Circle #2 Producer; Aaron LaPrise –Winner’s Circle #3 Producer; Steve Cohen –Top Industrial Producer; Aaron LaPrise – Top Retail Producer; Rick Kleiner – Top Office/Medical Producer; Allan Mendelsberg & Joey Martinez – Top Multifamily Producer; Jessica Abeyta –Manager of the Year; Debbie…

Sales Transactions 1. Continental Realty Group purchased the Copper Point Apartments at 1111 E. Brown Road in Mesa for $24.7M. Continental Realty intends to invest an additional $1.3M in renovating the 107-unit multifamily community. At the time of sale, the property was 94.5% occupied. 2. Hudson Place, a 55.4KSF commercial property comprising 15 buildings at 2405 E. Southern Ave. in Tempe, officially sold in an $11.5M transaction. The undisclosed seller was represented by Marina Hammersmith and Tyrel Williams of M | T HealthcaRE Partners at Medical Office Brokers. 3. A 31.1KSF manufacturing space at 234 E. Mohave St. in Phoenix…