Author: BEX Staff

By City of Yuma The City of Yuma was notified on November 16th that it had been awarded the RAISE Grant from the U.S. Department of Transportation, the only Arizona project selected. This $10.6M grant will be used to develop the Hotel del Sol into the Yuma Region’s first Multi-Modal Transportation Center. The City Council identified downtown revitalization and riverfront development as high priorities in their Strategic Plan this past year and the multi-modal transportation center was an essential element of the City’s legislative agenda. This project will support the City’s goals to make Yuma more safe and prosperous and…

A recent transaction in Casa Grande could eventually result in a master-planned community that will generate as many as 1,200 single-family units and 2,500 apartments. Arizona Land Consulting and Valley Land Group LLC, both female-owned companies, partnered in a $23M purchase of 321 vacant agricultural land at Selma Highway and Interstate 10. The area is roughly a mile from downtown and is expected to become a major growth area. An interchange with I-10 is planned. Seller Benross Corp. had held the property since buying it in 2013, leasing it to cotton farmers in the interim. The buyers were particularly drawn…

Stressing the need for quick and accurate evidence processing as part of the public safety process, Gilbert Police Chief Michael Soelberg recently presented his case for developing a crime lab to the Town Council during a retreat. Gilbert currently contracts with Mesa for processing evidence and has since 2012. The cost for the partnership will increase by 25% at the start of the next fiscal year, however, and the current contract expires June 30th. Mesa has also entered into processing agreements with Tempe and Queen Creek, making Soelberg concerned about potential processing delays. Gilbert entered into an agreement with consultants…

By Roland Murphy for AZBEX Revitalizing the Old Town area has been a persistent challenge for the City of Peoria for years, with plans advancing and retreating in an oddly haphazard fashion and defeat being snatched from the jaws of seemingly impending victory more than once. The City battled for years to demolish a vacant and blighted Smitty’s grocery store location at Grand Avenue near 85th Avenue. Once that was complete, developer SJ Acquisitions obtained the site and proposed a mixed-use development of commercial and multifamily that was hoped to serve as a gateway into Old Town. The company was…

Awards & Accolades 1. BOMA Greater Phoenix held its 2021 The Outstanding Building of the Year – also known as TOBY – Award presentation recently at the Scottsdale Resort at McCormick Ranch, honoring five buildings. They were judged on community involvement and site management to environmental and “green” policies and procedures. This year’s winners (by category, building name, management company, property manager): 100,000 to 249,999 SF: Three Gateway, Bridge Commercial Real Estate, Janalee Jackson; Earth: GSA Professional Office Building, Ryan Companies US, Amanda Forsmo; Industrial: Lighting Unlimited, A Brighter Idea, Cory Schneider (building owner); Medical Office Building: St. Joseph’s Westgate…

By Roland Murphy for AZBEX Last week, we told you about the master plan to bring a 360-unit apartment complex, 259 Build-to-Rent units and 26KSF of commercial development to a 40-acre site near Sonoran Desert Drive and North Valley Parkway, just east of the I-17 and Loop 303 intersection. (AZBEX, Nov. 9, 2021) Two more proposals are making their way through the City of Phoenix approval process that, if built, will bring another 398 traditional multifamily units and 354 Build-to-Rent units to the same area. The requests for all three projects seek to remove their sites from the North Gateway…

By Sterling Real Estate Partners Sterling Real Estate Partners recently acquired 9.6 acres of land with plans to develop a 238-unit, Class A apartment complex in the heart of Avondale’s rapidly expanding community. The property will feature luxury unit interiors, a resort style pool, fitness center and furnished outdoor lounge. The land is located in a Qualified Opportunity Zone. The project will help serve the 7.9% population growth projected over the next five years. Avondale has seen its population grow by 21.4% since 2010 and has been accompanied by rent growth of 14.3% in 2021 alone. The city has been…

A 1.2MSF logistics facility known as GO | 99 will be coming to the SEC of 99th Avenue and Buckeye Road if a proposal from developer GO Industrial comes to fruition. The company announced the project in August. The initial site plan was granted a preliminary approval by Phoenix Planning and Development late last month. GO Industrial hopes to break ground in December, with the project completing in Q4 of next year. Representatives had requested an expedited review process but were told by Phoenix planning staff the request was not possible. The company bought the 77-acre site for $23.6M earlier…

The Queen Creek Planning and Zoning Commission voted unanimously last week to recommend approval of a proposal to rezone 600 acres of State Trust Land for employment uses. Representatives for the Arizona State Land Department said the land in question must be bought at auction before it can be put to any use. No auction has yet been scheduled. The site is near one of two sites that had previously been rezoned to allow for a potential Samsung chip manufacturing site. Current speculation is Samsung will probably not locate its plant in Arizona. The zoning, however, remains in place. Town…

Several developers are pushing forward with major retail plans as the economy continues its post-pandemic rebound. In a recent interview, SimonCRE CEO Joshua Simon noted West Valley retail has seen a significant uptick, fueled by new employment opportunities and population growth. Colliers International reports slightly more than 144KSF of retail space currently under construction in the West Valley and more than 672KSF in metro Phoenix overall. Among the SimonCRE’s current projects are Jackrabbit Ranch Marketplace in Buckeye, an 800KSF development in the Prasada master-planned community in Surprise, an RV and boat storage facility nearly Loop 303, and a 43KSF retail…