Author: BEX Staff

Giving Back 1. Willmeng Construction raised more than $300K for Treasure House, an organization that serves adults with developmental disabilities, at its Builders Cup. Builders Cup was a golf tournament that had more than 150 participants from Willmeng’s closest clients and trade partners. This event was put on for the first time last year, where it raised more than $260K. 2. Max Xander of Land Advisors Organization is supporting the Arizona Humane Society by participating in the Arizona Triple Crown, a multi-sport event including mountain biking, skiing, golfing, shooting and wake surfing. The fundraising goal for the event is $10K,…

Sales Transactions 1. Leon Capital Group’s subsidiary Leon Multifamily, represented by CBRE, sold Soltra Kierland, a 202-unit apartment complex in Scottsdale, for $107.5M. The buyer was a private investor. The sale was the highest price per unit for a multifamily sale in Metro Phoenix since 2022. The property is located at 7111 E. Tierra Buena Lane. 2. Christiansen Ventures LLC recently bought the 280-unit multifamily community Broadstone Uptown PHX for $87M. The seller was Alliance Residential Company, which CBRE represented. CBRE also arranged financing for the buyer. Broadstone Uptown PHX is located at 500 W. Camelback Road. 3. 3560 W.…

By Roland Murphy for AZBEX Senate Bill 1543, legislation that would halt a voter referendum in Scottsdale over Axon Enterprise, Inc.’s plan to build a mixed-use, master-planned corporate campus and headquarters near Mayo Blvd. and Hayden Road, now awaits a signature or veto from Gov. Katie Hobbs. Both chambers of the Arizona Legislature approved the bill. In an ongoing battle between the Governor and the Legislature, Hobbs office announced April 17, she would not sign any new legislation presented to her until Republicans in the Legislature approve a bipartisan funding bill that increases protections for disabled Arizonans. The moratorium applies…

By Roland Murphy for AZBEX In an April 2 study session, the Gilbert Planning Commission met to discuss a requested rezoning and minor General Plan amendment to allow the development of Alta San Tan, a proposed 366-unit multifamily community with 9.1KSF of space on 14.26 gross acres near the SEC of Val Vista and Pecos Roads. The site is currently zoned residential commercial with a planned area development overlay. The development by Trinsic Residential Group would have the land use designation changed to Residential with a density of 25-50 units/acre and the zoning changed to Mixed-Use/Large. The project team has…

By BEX Staff for AZBEX Developer Vestar has begun a series of meetings to acquaint the public with its plans for a 195-acre mixed-use development south of Palo Brea, near the Harrah’s casino in Maricopa. A local news outlet reported Vestar’s plans for the undeveloped Maricopa Towne Center site include a grocery store, full-service restaurants and, potentially, multifamily residential and other commercial outlets. Vestar representatives say the final vision is not fully decided, and the project will be designed with “whatever best meets community needs.” Materials shown with the article show a conceptual use plan for a development called Avalea…

By Roland Murphy for AZBEX U.S. Customs and Border Protection has confirmed it will build a 24.7-mile segment of border wall south of Sonoita in the San Rafael Valley. News of the new pedestrian-blocking border wall segment broke after CBP notified Sierra Club in a monthly planning and activities update the environmental group receives under the terms of a 2019 lawsuit settlement. Separately, the agency confirmed details to AZBEX, The Arizona Republic and the Arizona Daily Star. The Sierra Club and other environmental groups have expressed concerns blocking off the comparatively isolated segment of grassland could impede migration and breeding…

By Associated Builders and Contractors Associated Builders and Contractors reported its Construction Backlog Indicator rose to 8.5 months in March, according to an ABC member survey conducted March 20 to April 6. The reading is up 0.3 months since March 2024. Backlog increased on a monthly basis for all nonresidential subsegments in March. Over the past year, however, only the infrastructure category has experienced a meaningful increase in backlog. ABC’s Construction Confidence Index reading for staffing improved, while the readings for sales and profit margins fell. The readings for all three components remain above the threshold of 50, indicating expectations…

Awards & Accolades 1. Four students from the East Valley Institute of Technology’s welding program participated in a “topping out” ceremony at SteelFab Inc. in Chandler. The “topping out” ceremony was for Arizona’s first American Institute of Steel Construction Tree teaching sculpture. The sculpture was constructed by EVIT students using steel provided by SteelFab. Following tradition, the beam was signed and raised with a Christmas tree and an American flag attached. The structure showcases every type of structural connection used in buildings and will be used as a long-term training tool. Groundbreakings 2. Renovations on the block the Pratt-Gilbert building…

By BEX Staff for AZBEX Editor’s Note: AZBEX has extensively covered Axon’s proposal for a corporate headquarters and campus master plan, as well as the efforts by opposition groups looking to stop the plan. While some of our reporting has only appeared in the AZBEX Digital Magazine, the majority is available on our website. Click here for the full background. In an April 10 vote, the Arizona House passed the latest version of legislation that will allow Axon to build a previously approved headquarters and corporate campus in north Scottsdale. The House approved its version of Senate Bill 1543 on…

Following The X Company’s failure to respond to a motion by general contractor Clayco in a case seeking payment for work performed on the failed second phase of the X Phoenix multifamily development at 2nd Avenue and Van Buren Street, Maricopa County Superior Court Judge Jennifer Ryan-Touhill has issued a summary judgment in Clayco’s favor. Clayco claimed $31.6M was owed for work performed on the project before it was halted in September 2023. The general contractor also sought $8.3M in interest on the debt through Jan. 31. In its motion, Clayco requested a judgment against The X Company and subsidiary…