Author: BEX Staff

Giving Back 1. The Rosendin Foundation awarded a $50K grant to America’s Mighty Warriors, founded by Debbie Lee, mother of fallen Navy SEAL Marc Lee. The funding will provide one year of therapies and family support for two veterans, including hyperbaric oxygen therapy, EmRes, red light therapy and nutritional supplementation. Awards & Accolades 2. PTK Magazine announced its list of Arizona architects to know in 2026. The list consists of: Brian Cassidy – CCBG Architects, Brian Farling – Jones Studio, Michael Krause – Krause Architecture + Interiors, Victor Irizzary – RSP Architects and Zach Shirk – Zebra Projects. 3. PTK…

Sales Transactions 1. Stockdale Capital Partners acquired The Quincy at Kierland for $110.3M. The 266-unit Class A multifamily community at 15826 N. Scottsdale Road in Scottsdale was purchased in an all-cash transaction. The seller was EMBREY, which completed construction of the property in July 2024. Institutional Property Advisors marketed the property on behalf of the seller. 2. CBRE has arranged financing totaling $45.6M for the acquisition and renovation of Coral Point Apartments, a 377-unit multifamily community located at 2343 W. Main St. in Mesa. CBRE’s Shaun Moothart, Doug Birrell, Bruce Francis, Bob Ybarra, Nick Santangelo, Anna Britt and Amber Coleman…

By Roland Murphy for AZBEX Phoenix-based Unbound Development is planning to build a new 77.2KSF industrial development on a long-vacant five-acre infill site at the NEC of 20th Street and Jones Avenue in south Phoenix. Unbound is requesting a rezoning to planned unit development to allow the project to proceed. The property is currently zoned for single-family residential use. According to the submitted project narrative, “Rezoning the site to PUD will allow the proposed commerce park development and intended uses for the site and will fill a long overdue need for infill development of this vacant site. The proposed development…

By Rebekah Morris for AZBEX Across Arizona, voters were asked to support local school districts with their facilities needs via bond questions at the ballot. The results were split. Bonds for school districts work like mortgages – the district takes on debt backed by property tax revenue paid by the voters. BEX started tracking K12 bond measures in 2012 and has noticed a significant decline in bond approval rates since 2020. From 2012 to 2020, voters typically approved 80% of K12 bonds. Since 2020, however, that approval rate has dropped to roughly 50%. This year, 16 questions totaling $1.957B were…

Data center developer Beale Infrastructure is planning a 600-acre data center campus in Marana. The company plans to acquire two sites of approximately 300 acres each for the project. One property is owned by the Church of Jesus Christ of Latter-day Saints. The other is owned by the Kai Family Trust. The adjacent sites are across from the Arizona Veterans Memorial Cemetery, with Pinal Airpark Road as the northern boundary. The land is more than a mile away from the nearest residential subdivision. Beale is also still trying to develop a 290-acre data center project elsewhere in Pima County. That…

By BEX Staff for AZBEX The Salt River Pima-Maricopa Indian Community has issued a request for interest for the redevelopment of 270 acres at the NEC of the loop 101 and 202 freeways. The location has been used for rock and sand mining since the early 1980s by a tribal operation called Salt River Minerals Group. Workable resources have been depleted, and the RFI page says SRMG will be moving from its current location at McKellips and Dobson roads to a new site along State Route 87. The RFI is titled the SRMG Dobson Site Redevelopment. According to the page,…

Ritz-Carlton Paradise Valley developer Five Star Development has filed for Chapter 11 bankruptcy in federal court. The company behind the $2B resort and condo development at Scottsdale Road and Lincoln Drive says it wants legal protection from creditors so it can finish the resort, which it claims is nearly complete. As originally planned, the overall development, known as The Palmeraie, includes the resort, villas, estate homes and a 29-acre commercial, retail and hospitality district. The project’s primary creditor, Madison Realty Capital, had filed for foreclosure earlier this year, and the property was scheduled to go to auction this month. The…

Awards & Accolades 1. ENR Southwest announced the winners of its 2025 Best Projects competition, recognizing excellence in design, construction and safety across the region. This year’s Arizona honorees include: ENR Southwest Project of the Year: Mountain Line Downtown Connection Center Brings Mass Timber to Northern Arizona; Project of the Year Finalist, Best Project Higher Education/Research: Arizona State University Wilson Hall; Project of the Year Finalist; Best Project Manufacturing; Excellence in Safety: Fab 52 (Project Eagle); Best Project, Energy/Industrial: Serrano Solar & BESS; Award of Merit, Energy/Industrial: Pima DC 1; Award of Merit, Government/Public Building: Maricopa County Office of the…

By Arizona Public Service Arizona Public Service has announced plans to develop a site west of Gila Bend capable of adding up to 2,000MW of reliable, flexible generation to the state’s energy portfolio. The Desert Sun Power Plant will be a state-of-the-art natural gas facility designed to meet Arizona’s rapidly growing needs, support unprecedented demand from extra-large energy users and enhance integration of renewable energy resources – all while protecting affordability for residential and small business customers. This two-phase project will support current customer growth through our competitive procurement process in Phase 1 and enable new extra-large customer investments via…

By Roland Murphy for AZBEX The Gilbert Planning Commission is scheduled to discuss two major projects—an age-restricted multifamily community and a new retail center—in its Nov. 5 study session. As the meeting is a study session, no action is expected. Headwaters Gilbert The first project—Headwaters Gilbert—is a proposed 188-unit age-restricted development from Headwaters Group planned on a nearly 6.4-acre site at the NWC of Gilbert Road and Gilbert Town Square Avenue. Headwaters has requested a minor General Plan amendment, rezoning, and site plan and associated items review. The General Plan amendment will change the current land use from General Commercial…