Author: BEX Staff

Groundbreakings 1. A groundbreaking ceremony was held for the new four-story, 130KSF Sun Life Health Education and Medical Campus in Casa Grande . The $67M development will potentially provide up to 200 new jobs. The 10-acre project is expected to be completed in 2026. 2. DXD Capital has begun construction on a new ExtraSpace Storage, a Scottsdale self-storage facility. The 706-unit project is near Loop 101 and Shea Blvd. TLW Construction is the general contractor of the 94KSF project. 3. Sun State Builders announced construction is now underway in Glendale on a ground-up build for WorkBay. It is a complex…

By Roland Murphy for AZBEX Construction costs in Phoenix continued to increase in Q3, but they rose less on a Year-over-Year basis than any of the other cities tracked in the newly released “North America Quarterly Construction Cost Report” from Rider Levett Bucknall. RLB’s comparative cost index shows Phoenix with an annual percent change of 3.88% over the year from July 2023-July 2024. The next closest city was Denver at 4.01%. Chicago saw the largest percent change at 6.73%, followed by Boston at 5.87%. In his introduction to the report, RLB North America President Paul Brussow writes U.S. construction cost…

TWC Appleby Road, LLC is requesting that Maricopa County rezone 16.6 acres for a light industrial project. Currently, the site is zoned RU-43, which permits one dwelling unit per acre. The developer is requesting a switch to light industrial zoning with an Industrial Unit Plan of Development Overlay. The City of Chandler’sGeneral Plan designates the site as employment and industrial. The zoning change conforms with the Airpark Area Plan. The parcel is located on a County island on Appleby Road, approximately a quarter mile east of Arizona Avenue, near Chandler Municipal Airport. Development would begin east of the Southern Pacific…

By Roland Murphy for AZBEX – BEXclusive HonorHealth Shea has submitted plans to the City of Scottsdale for a new parking garage at its campus on 90th Street north of the Mustang Library. The four-story garage will feature 466 parking spaces and is planned to help resolve ongoing parking difficulties for users of the HonorHealth Labor and Delivery building. According to the submitted narrative, “This existing condition triggers traffic issues associated with the 90th Street traffic lights, the hospital entrance and patient dropoff, and the nearby private parking lots. With the construction of this garage, HonorHealth plans to alleviate the…

Litchfield Park City Council unanimously approved the construction of a library facility at the historic La Loma hilltop. This will replace the library at Wigwam Blvd. and Old Litchfield Road. Residents expressed disapproval of the new library due to the old library’s historical significance and proximity to schools. The new library will be an addition to a cultural complex that includes the P.W. Litchfield Heritage Center, Hilltop Park and proposed Agua Fria Arts Academy. The proposal comes as officials want to expand the size of the library, create a larger program space and decrease turnaround time for books. The proposed…

The City of Mesa is proposing two general obligation bond measures totaling $260M on the upcoming November ballot. The Nov. 5 general election will include bonds that collectively fund 12 projects, with $90M designated for public safety and the remaining $170M for recreation, educational and cultural amenities. The GO bonds will be repaid with secondary property taxes. City estimates show the bonds would cost a homeowner with an assessed value of $177.2K approximately $49/year. Projects include: Upgrades to the 911 center, valued at $54M. The proposed project would upgrade the center with Next Generation 911, allowing the public to share…

Giving Back 1. Fain Signature Group and the Fain Family held an event on Sept. 26 to show appreciation to the agencies, municipalities and individuals that responded to the fire that destroyed the 329-unit Legado apartment development under construction in Prescott Valley earlier this year. The honorees included: Yavapai County Sheriff’s Office; Town of Prescott Valley; Prescott Regional Communications Center; Yavapai County Office of Emergency Management; Prescott Valley Police Department; Prescott Police Department; Prescott Fire Department; Central Arizona Fire and Medical Authority; Cottonwood Fire Department;and Yavapai County Attorney’s Office. Fain Signature Group recognized the individual agencies involved by gifting each…

Sales Transactions 1. Sagard Real Estate purchased a 209-unit apartment community in Tempe. Nasim Sikder sold the property, Trovita Rio, for $77.3M. The 93% occupied property at 701 W. Rio Salado Pkwy. was built on 3.2 acres. Plans call for renovations of common areas, amenities and units on an individual basis. Cushman & Wakefield’s Steve Nikoluzakis and David Fogler negotiated the off-market transaction. 2. Arizona Land Consulting announced it has purchased 600 acres near the NWC of Interstate 10 and Florence Road in Pinal County for $40M. The company plans to develop the Casa Grande land into a mixed-use facility,…

By Arizona Department of Transportation An Arizona Department of Transportation event scheduled for Tuesday, Oct. 22, is designed to help small businesses and firms qualifying for ADOT’s Disadvantaged Business Enterprise Program compete for contracts in the transportation industry. With a theme of “Bridging Inclusive Growth,” the ADOT DBE & Small Business Conference will be held at the Delta Hotel in Mesa. It will feature extensive opportunities for networking, discussions with prime contractors, one-on-one appointments with buying agencies and prime contractors, educational breakout sessions, opportunities to learn about ADOT programs designed to help build businesses and much more. Join us for…

By Roland Murphy for AZBEX Plans for a major master-planned growth area in north Peoria continue to make quick progress. Local news outlets reported Peoria City Council approved the required General Plan amendments needed for the two major components in north Peoria’s expansion: North Peoria Gateway and the Peoria Innovation Core. Approximately 75% of Peoria’s vacant land is owned by the Arizona State Land Department. The GPAs create two master-planned areas and will force the creation of Planned Community Developments. The City will work with ASLD to entitle the land and make it available for development. Planning and Zoning Acts…