Author: BEX Staff

Groundbreakings 1. Work is underway on the $70M Skyline Ranch Marketplace, a 225KSF retail center at the NEC of Gary Road and Hunt Highway in San Tan Valley. The joint development by REALM LP and Pennant Development LLC is expected to be fully online by 2027, with WinCo Foods serving as the anchor tenant. 2. Stevens-Leinweber Construction announced the start of construction at Tex 24 in Mesa. Tex 24 is a five-building, two-phase Merit Partners industrial development. Phase I includes two buildings totaling 142KSF. 3. Thompson Thrift announced construction is underway on South Tempe Square, a 27KSF neighborhood shopping center…

Banner Ironwood CEO Brian Kellar told the Queen Creek Town Council in a meeting last month the healthcare leader is planning to add approximately 30KSF to the north side of the hospital. The expansion will feature a cardiac catheterization lab, 10KSF added onto the emergency department and the addition of 34 beds, which will bring the hospital’s total to 49. The ED’s waiting room will be expanded by 1KSF, and 80 new parking spaces will be added. A shell space will be created for a second lab and for a second imaging suite, and a new multiple operating room suite…

By IndiCap, Colmena Group, Langley Properties The Ranch, a landmark $1B mixed-use development in Gilbert, officially received final entitlement approval from the Planning Commission on Aug. 6. With this critical milestone achieved, permitting and construction can now commence on the transformative project poised to redefine the region’s landscape and economy. Led by development partners IndiCap, Colmena Group and Langley Properties, The Ranch spans more than 295 acres along Power Road between Warner and Elliot roads and is set to become Gilbert’s largest mixed-use development. The project will integrate industrial, residential and commercial elements, alongside 18 acres of curated green space,…

By Roland Murphy for AZBEX The St. John Vianney Roman Catholic Parish in Sedona is planning a major expansion of its facility and has applied to the City for a rezoning and conditional use permit to allow the project to advance. The 15.01-acre site currently houses a 25KSF church, a 1.5KSF St. Vincent de Paul food pantry and parking. The parish is requesting a rezoning from single-family residential to planned development district for its planned additional uses, which consist of: 95KSF of workforce affordable multifamily housing (60-84 units); A 50KSF mental health, healing and retreat center; A 35KSF pilgrims’ quarters…

By Applied Materials Applied Materials, Inc. is working with Apple and Texas Instruments to bolster the semiconductor manufacturing supply chain in the United States. Applied is supporting Apple’s partnership with TI by supplying American-made chipmaking equipment from Austin, Texas to TI’s U.S. factories. Austin is home to Applied’s largest manufacturing and logistics facility. In addition, Applied plans to invest more than $200M in Arizona to establish a state-of-the-art facility for manufacturing critical components for semiconductor equipment. This investment builds on the more than $400M Applied has invested in its U.S. equipment manufacturing infrastructure over the past five years. Applied Materials…

By National Association of Home Builders Confidence in the market for new multifamily housing increased year-over-year in the second quarter, according to the Multifamily Market Survey released today by the National Association of Home Builders. The MMS produces two separate indices. The Multifamily Production Index had a reading of 46, up two points year-over-year, while the Multifamily Occupancy Index had a reading of 82, up one point year-over-year. The MPI measures builder and developer sentiment about current production conditions in the apartment and condo market on a scale of 0 to 100. The index and all its components are scaled…

Giving Back 1. The Terracon Foundation announced the establishment of a $50,000 endowed scholarship at Arizona State University to support civil engineering students in the School of Sustainable Engineering and the Built Environment, part of the Ira A. Fulton Schools of Engineering at Arizona State University. The funding will support an annual scholarship for one student. 2. The Arizona Parks and Recreation Association announced the 2025 Maintenance Rodeo, presented by CORE Construction, taking place as a pre-conference event on Monday, Aug. 25, at Steele Indian School Park in Phoenix. This hands-on event is designed by park professionals, for park professionals,…

Sales Transactions 1. Country Brook Apartments at 4909 W. Joshua Blvd. in Chandler recently sold for $109.5M. The 32-building property features 396 units. Colliers’ Cindy Cooke, Brad Cooke, Chris Roach and Matt Roach handled the transaction, with Colliers Mortgage’s Luke Donahue and Patrick O’Donnell coordinating financing. The buyer and seller were not disclosed. 2. Stetson Village Shopping Center at 3800 W. Happy Valley Road in north Phoenix was sold to Longpoint Capital Partners for $71M. An entity tied to The Pederson Group sold the 197KSF shopping center. 3. Sterling Investors sold three buildings to Ares Management for $46.5M. The first…

By Roland Murphy for AZBEX – BEXclusive The City of Phoenix wants to rezone multiple vacant properties in two areas of the city as the first step in ultimately developing new housing in both areas. Both requests will go before their respective Village Planning Committees next week before advancing to the Planning Commission on Sept. 4. Maryvale – 35th & McDowell The first request deals with six individual parcels (Parcels A-F) and two clusters of parcels (Parcels G and H) north and south of McDowell Road between 31st and 35th avenues. The staff report refers to the properties as, “Generally…

By Roland Murphy for AZBEX In the face of significant and vocal public opposition, the Tucson City Council voted unanimously on Aug. 6 to direct City staff to end all negotiations with Beale Infrastructure for the Project Blue data center development and to rescind the City’s intent to annex the 290 acres planned for the site. Information from Beale Infrastructure said the company’s plans for a multi-phase, multi-site development would have generated 3,000 construction jobs, 180 long-term positions and $10M in annual revenue for the City of Tucson in the first phase. The company was also in the process of…