Author: BEX Staff

Groundbreakings 1. Higley Unified School District held a groundbreaking ceremony for the 20KSF academic building at Higley High School on East Pecos Road in Gilbert. The facility was designed by DLR Group and is being built by CHASSE Building Team. 2. FCL Builders recently broke ground on the Power 202 Logistics Park for developer Johnson Development Associates. The project includes four industrial buildings totaling 543KSF in both double and rear loading configurations. Ware Malcomb is the architect and Pat Feeney, Dan Calihan and Tyler Vowels with CBRE are handling leasing. Delivery is targeted for fall of 2023.  3. Coconino County has…

By Roland Murphy for AZBEX SBL Real Estate wants to develop a two-story, climate-controlled storage facility at the SEC of Beloat Road and 7th Street in Buckeye. According to the project narrative, the project will feature a two-story building of 81.6KSF, exterior storage of 39.5KSF, and RV parking with 190 spaces – including both covered and uncovered. RV amenities will include security cameras around the site perimeter, a water station and a sewer dump station. The site is currently zoned G-C, which permits this type of development. The building design is intended to be removed from the standard storage facility…

HonorHealth has requested a rezoning from the City of Phoenix to bring its 18.22-acre Deer Valley campus at I-17 and Loop 101 under a Planned Unit Development. The rezoning will enable a consistent master site plan, according to application documents. Rezoning to PUD would allow for the development of a possible medical campus and hospital expansion, which could include three new buildings and parking structure. (Source) 

By Associated Builders and Contractors The construction industry added 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 311,000 jobs or 4.2%. Nonresidential construction employment rose by 4,300 positions on net, with positive growth in two of three subcategories. Nonresidential specialty trade added 5,600 net new jobs, while nonresidential building added 700 jobs. Heavy and civil engineering employment fell by 2,000 positions. The construction unemployment rate rose to 3.9% in August. Unemployment across all industries expanded…

By Roland Murphy for AZBEX Another 3.8MSF of industrial development could soon make its way into the Mesa pipeline thanks to a proposal currently under review. Developer Shopoff Realty Investments, LP is requesting a rezoning, design and site plan review, and annexation for The Block on Elliot – a three-phase, 273-acre business park with eight building sets at the SWC of Elliot and Sossaman roads. According to the project narrative, “The phasing, mix of building options, and build-to-suit configurations are designed to make this site fit for the variety of national corporations and employment uses that Mesa desires to locate…

A new master-planned community is taking shape in Marana. Bela Flor Communities recently spent $4.25M to add 113 acres to its Mandarina master plan, which now totals 455 acres. Mandarina Phase I is planned as a 342-acre mixed-use development at the I-10/Union Pacific Railroad Corridor and Tangerine Road. There is a planned mix of single-family – both attached and detached – and multifamily with a combined total of 2,500 units. The project will also feature a commercial and hospitality mix of retail, hotel and other uses. Representatives say 1,500 single-family lots are already committed or in escrow. The newly purchased…

By BEX Staff for AZBEX A recent report from REIT.com shows commercial real estate market fundamentals remain strong even in the face of ongoing economic uncertainty. The report looked at the issues of construction volumes, absorption/deliveries, vacancy rates and rental growth in Apartments, Industrial, Office and Retail. The following is a snapshot of the findings. Apartments Apartment construction as a percentage of existing stock remained close to its peak level of 4.6%. The current pace is almost double the average in the year leading up to the Great Recession. Q2 marked the third consecutive quarter in which net deliveries outpaced…

Awards & Accolades 1. PriceMyAC.com announced longstanding community activist and passionate volunteer Julie Armstrong is the recipient of the August 2022 “Making the World a Cooler Place” award. PriceMyAC.com launched the awards at the beginning of the summer 2022 to honor ordinary citizens who humbly and quietly make impact through community service, volunteering and philanthropy. Giving Back 2. As part of EPS Group’s 19th Anniversary, the company chose the Human Services Annual ThirstAid Campaign as their philanthropic partner. Donations from clients, partners, associates and a corporate match provided 93,650 bottles of water to help people experiencing homelessness in Arizona stay hydrated.…

Sales Transactions 1. Three Arizona office properties totaling nearly 465KSF were part of a recent $1.13B, 53-property, multistate portfolio sale by Griffin Realty Trust to Workplace Property Trust. The Arizona assets were: The Cigna Campus, Phoenix, 232.6KSF;Northgate Corporate Center, Phoenix, 131.9KSF, and3535 E. Valencia Road, Tucson, 100KSF. 2. The William Corrigan Family was recently a party in two RV resort and manufactured home transactions. Corrigan purchased the 1,230-space Sun Vista Resort in Yuma for $80M from Sun Vista GP. It also sold the 180-space Pueblo Manor in Apache Junction to Silver King Companies for $35M. The buyers and sellers in…

The Casa Grande Planning and Zoning Commission will hear a proposal for a potential 591-acre residential and commercial development on Thursday. The proposed mixed-use development is located on an approximately 1-square mile site known as Casa Grande Commons. The site is situated north of the Promenade at Casa Grande and is bound by the I-10, Mission Parkway, Hacienda Road, Kortsen Road and Florence Boulevard. ABLA, acting on behalf of the real estate company Walton, has requested a minor general plan amendment and a major amendment to the Casa Grande Commons Planned Area Development. According to Casa Grande planning staff, the…