Author: BEX Staff

Giving Back 1. Progressive Roofing, Duro-Last and Holcim partnered to provide a donated roof restoration valued at nearly $60K for Ability360’s location at 5031 E. Washington St. Progressive Roofing contributed the labor; Duro-Last provided a silicone coating, and Holcim supplied additional materials. 2. Airgas, an Air Liquide company,announced 72 schools were selected to take part in its High School Welding Education Initiative. Of the 72 schools, two are in Arizona: Page High School and Weld Like a Girl. Awards & Accolades 3. AZ Big Media has announced the 2025 edition of Ranking Arizona: Top 10 General Contractors. The results of…

Sales Transactions 1. Bela Flor Communities, represented by CBRE, has sold Bella Encanta to a global institutional investor for $95.8M. Bella Encanta is a 212-unit, Built-to-Rent community, located at 9745 E. Hampton Ave. in Mesa. Units are duplex style and start at 1.2KSF. 2. A U.S. Bankruptcy Court judge has approved a $30M bid by Lucid Group Inc. to purchase Nikola Corporation’s manufacturing facility in Coolidge and assume Nikola’s Phoenix headquarters lease, along with other assets. Lucid operates a large electric vehicle manufacturing operation in Casa Grande, and the new acquisition will increase its property holdings by more than 884KSF.…

By Roland Murphy for AZBEX An 86.8KSF delivery center is the first project planned on a nearly 1,280 area at State Route 89A and County Fair Trail annexed into Prescott Valley in 2001. Developer Van Trust Real Estate has requested a rezoning for 100 vacant, undeveloped acres from single-family rural to limited industrial to allow development of the delivery center on approximately 20 acres of the site. Surrounding land uses include similarly zoned undeveloped land, a Yavapai County Sheriff’s Office property with a training facility, and other uses that include a beverage bottling plant and an RV park. According to…

By BEX Staff for AZBEX A rezoning request and site plan review are scheduled for a hearing and vote this week before the Mesa Planning and Zoning Board. The request from Elliot Barkan Development would rezone 3.5 net acres at the SWC of Sossaman Road and Main Street from limited commercial to multiple residence with a planned area development overlay to allow for the construction of Main 45 Townhomes, a multifamily community with a density of 12.8 units/acre. Surrounding uses include office and commercial, retail, vacant land and an age-restricted “manufactured home” subdivision. According to the staff report, all 45…

Barclay Group has proposed a 50-acre retail center anchored by a Fry’s Marketplace at the NWC of Farrell and White-and-Parker roads in Maricopa. The San Travasa Retail Center will feature two phases, with the first comprised of a 27-acre component anchored by a 121KSF grocery store with a fuel station and 725 parking spaces. While not identified by name as the planned grocery store, Fry’s Marketplace is the only grocery outlet in Barclay Group’s portfolio that could fit into the planned space. The center will also have one small retail space and one drive-thru at 14.4KSF and 12.6KSF. In addition…

By Roland Murphy for AZBEX With an annual percent change of 4.18%, Phoenix ranked seventh for annual percent change in construction costs across the 14 cities tracked through the end of Q1. Rider Levett Bucknall’s “First Quarter 2025 North America Quarterly Construction Cost Report” shows Los Angeles had the lowest percent change at 3.58%. The greatest changes were seen in Honolulu and Chicago, with 5.37% and 5.47%, respectively. The average national increase in construction costs was 0.98%, which is a modest drop from Q4 2024’s 1.11%. The year-over-year rate fell to 4.35%, down from 5.86% last year. Phoenix’s Comparative Cost…

Groundbreakings 1. McCarthy Building Companies Inc. has broken ground on the North 2 Concourse at Terminal 3 of Phoenix Sky Harbor International Airport. The $326M, 173KSF project will begin with the demolition of an existing annex building, with construction set to start this month. HOK, in collaboration with DFDG Architecture, managed the project’s design, which will include six gates and various supporting amenities. The project is pursuing a minimum of LEED Silver certification and will serve as the first step in a long-term effort to connect Terminals 3 and 4, but that project is expected to take more than 10…

By BEX Staff for AZBEX A new 31-unit single-family attached townhome development could be coming to 1877 E. Hayden Lane, southeast of McClintock and University drives in Tempe, under a proposal from AZTL Developers. The owner has requested setback reductions and fence height increases for the project under requests for a use permit, two use permit standards and approval of a development plan review by the Tempe Development Review Commission. According to a local news report and project documents, the use permit and use permit standards for Lofts on Hayden Lane would reduce the front yard setback from 20 feet…

By Roland Murphy for AZBEX The Wolff Company has proposed a 336-unit apartment community on a nearly 18-acre site northeast of Apache Trail and Plaza Road. The planned Apache and Plaza Multifamily project has a density of 18.2 units/acre and is zoned B3 City Center, which allows for mixed residential and commercial uses. Residential densities of up to 40 units/acre are allowed with the issuance of a conditional-use permit. The developer has requested a conditional use permit and site plan design review. The request is scheduled for a hearing before the Apache Junction Planning and Zoning Commission this week. The…

Two projects concerning Rio Verde Drive could face changes and challenges, as some Scottsdale officials are pressing to reexamine and combine them into one overall effort. In a March 21 meeting of the Scottsdale City Council’s Budget Review Commission, Commissioner Brad Newman floated the idea of combining a planned $35M wildlife crossing/land bridge with an expected future Rio Verde Drive widening for cost efficiency and resource allocation. Newman’s idea was supported by Interim City Manager Greg Caton, who said there was a potential to realize significant gains in efficiency if the two projects’ timelines can be brought more closely together.…