Author: BEX Staff

The Town of Queen Creek Procurement Division has partnered with ProcureNow and is excited to announce our transition from a modified paper-based bid solicitation process to a fully automated web-based electronic bidding and vendor management system. To continue to receive bid notifications, uses will want to check the Purchasing home page on the website and the new e-Procurement Portal located there. The new e-Procurement Portal will allow prospective Vendors and Suppliers the ability to: Register to receive notifications of future opportunities by signing up for the new e-Procurement Portal and selecting the “Subscribe” button to create an account. Follow along with updates…

Groundbreakings  1. IDM Companies announced construction has commenced on Acero Queen Creek Station, a 476-unit multifamily apartment community at the NWC of S. Ellsworth Loop and E. Rittenhouse Roads, Queen Creek. BMA Architecture is the design firm and IDM Companies is the general contractor.  2. Anthem Community Council officials broke ground on a $1.44M renovation to expand the existing area skatepark on Gavilan Peak Parkway and Anthem Way and allow a combined space for bicycles, scooters and skateboards. The project is expected to be complete in either December or January.  Progress Reports  3. The new 238-room, eight-story Hyatt Place Phoenix/Downtown hotel is set to open in the heart of Phoenix’s revitalized downtown area in September of…

By Tasha Anderson for AZBEX The Hotel Tucson City Center, a 279-room hotel at 475 N. Granada Avenue, is expected to be transformed into a new 15-building, 364-unit multifamily residential development called CITYcenter. Lazarus & Silvyn, PC, on behalf of developer, Sterling Real Estate Partners, submitted a request to the City of Tucson, for the rezoning of the 10.37-acre property from I-1 Industrial to C-2 Commercial. Sterling Real Estate Partners is planning an adaptive reuse of the seven-building hotel and new construction of eight additional buildings. CITYcenter will house a mix of 145 studio, 150 one-, and 69 two-bedroom units.…

By Associated Builders and Contractors The nation’s construction industry added 11,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. Overall, the industry has recovered 886,000 (79.6 percent) of the jobs lost during earlier stages of the pandemic. Nonresidential construction employment expanded by 2,900 positions on net, though more than 100 percent of the gains were among nonresidential specialty trade contractors, which added 7,500 jobs. The nonresidential building (-2,500) and heavy and civil engineering (-2,100) segments both lost jobs in July. The construction unemployment rate fell…

Soaring prices for lumber, steel, concrete and other traditional materials have some builders looking at hemp as a less expensive and more abundant alternative. Before modern-era prohibitions due to its association with marijuana used as a drug, hemp had enjoyed extensive use as a material, particularly in textile and paper production. Some builders are now taking another look at hemp, as it can be used as a primary material for components such as walls and flooring, insulation, and even in brick and blockwork as hemp adobe. Advocates also note that as a seasonally regrown plant, it is highly renewable and…

Awards & Accolades 1. As part of the design-build team for Arizona University’s Lantana Hall, Shepley Bulfinch along with CORE Construction and Capstone Development Partners was awarded the 2021 Student Housing Business Innovator Award for Best Use of Green & Sustainable Construction/Design. Completed in the summer of 2020, the LEED (Leadership in Energy and Environmental Design) Platinum certified student housing project, and the only one on any of ASU’s campuses, is an example of how a public-private partnership and integrated design-build team can come together to create an important, sustainable piece of campus fabric. Company News 2. ORION Investment Real…

Sales Transactions 1. A California-based buyer purchased Sky Ancala Apartments, a 330-unit luxury apartment community at 11545 N. Frank Lloyd Wright Boulevard, Scottsdale, for $104.5M. ABI Multifamily’s Phoenix-based Institutional Apartment Group – Alon Shnitzer, Rue Bax, Eddie Chang, and Doug Lazovick represented the buyer and Canada-based seller. 2. American Realty Advisors purchased the 901.8KSF Lincoln Logistics 40, located at 143rd Avenue and Van Buren Street, Goodyear, for $103.2M, from Nike. Nike bought the building in 2019 for $69.8M, but never opened the factory that was planned. 3. A Southern California investor purchased Superstition Canyon, a 200-unit multifamily community at 1247…

By Tasha Anderson for AZBEX The Navajo Health Foundation – Sage Memorial Hospital is set to develop a new 176KSF campus in Ganado and has recently issued a Request for Proposals for an Owner’s Representative to oversee the project. The project consists of a 95KSF critical access hospital replacement, a 41KSF medical office building and 40KSF of multifamily housing for staff. The hospital will include an emergency department, diagnostic imaging, clinical laboratory, cath lab, physical therapy, medical-surgical acute care, intensive care unit, inpatient pharmacy and more. The medical office building will house outpatient primary care and specialty care clinics, behavioral…

By GO Industrial Phoenix-based GO Industrial has embarked on its first metro Phoenix development, purchasing 77 acres in the West Valley submarket for the development of GO | 99. The new project will total three buildings and more than 1.2MSF in one of the nation’s most active industrial markets. GO Industrial purchased the land site, located at the SEC of Buckeye Road and 99th Avenue, for $23.55M. It will break ground on GO | 99 in December, with completion expected during fourth quarter 2022. Buildings 1 and 2 at GO | 99 will provide rear-loaded, mid-bay configurations and will total 247KSF…

By Colliers in Arizona The Greater Phoenix Medical Office Building market is posting positive net absorption and rising rental rates as the city experiences nationally recognized population growth, according to a report released by Colliers in Arizona. Positive net absorption of medical office space during second quarter totaled 206.4KSF, recovering from first quarter’s negative net absorption and bringing the year-to-date net absorption to 173.3KSF. Arrowhead posted the largest net absorption for the quarter with 111.7KSF, followed by Glendale at 44.7KSF. Approximately 47 percent more deals were signed during second quarter, marking a rise of 49 percent year-over-year. Vacancy has declined…