Author: BEX Staff

By Water Infrastructure Finance Authority of Arizona The Water Infrastructure Finance Authority of Arizona has advanced four water importation proposals into a study phase to bring new, reliable water into the State. WIFA’s Board of Directors has selected Acciona-Fengate Water Augmentation Alliance and EPCOR Water Innovation Partners to further evaluate four water importation projects through its Long-Term Water Augmentation Fund program.  As part of WIFA’s water augmentation program, 17 teams submitted their qualifications for developing new, resilient water supplies for Arizona. Following the qualification process, six water importation proposals were submitted and underwent extensive review by an evaluation team and WIFA’s LTWAF…

By Associated Builders and Contractors The construction industry added 19,000 jobs on net in September, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has grown by 38,000 jobs, an increase of 0.5%. Nonresidential construction employment increased by 16,300 positions, with gains in all three subcategories. Nonresidential specialty trade added 11,100 jobs, while heavy and civil engineering and nonresidential building added 4,900 and 300 jobs, respectively. The construction unemployment rate increased to 3.8% in September. Unemployment across all industries increased from 4.3% in August to…

By Roland Murphy for AZBEX The Buckeye Planning and Zoning Commission is scheduled to hear two projects this week that will, if ultimately approved, continue fueling the area’s expansive and ongoing growth. In his presentation at the BEX 2025 Public Works Conference in October, Riley Quinlan, contract deputy director of CIP for City of Buckeye, explained the sheer size and massive opportunity for development in the locale. As we reported at the time, “In terms of size, Buckeye is large enough to fit 16 other Valley cities within its planning area, which is only 14% built out. Buckeye has a…

Developer Macrotech Corporation recently held a neighborhood meeting to inform residents about a dual-branded TownePlace and Fairfield Marriott hotel it plans to develop in Lake Havasu City. Planned at 421 N. Lake Havasu Ave., the three-story hotel would provide a total of 119 rooms and include a rooftop restaurant and pool. There would be 145 standard parking spaces and 12 spaces for RVs. Parking and traffic were of particular concern for the roughly 20 attendees. Project representatives, including Rob Sampson of project architectural firm Selberg Associates, assured them the property and conditions would be evaluated by a traffic engineer to…

A new TownePlace Suites Hotel by Marriott may be coming to the Maricopa Power Center on Stonegate Road. The proposed location is immediately east of a planned Buffalo Wild Wings restaurant. Preliminary plans have been submitted for a four-story hotel with 111 rooms. Approximately 60% of the rooms will be studio units with a small kitchen. The site would provide 106 parking spaces and eight electric vehicle charging stations. A pool and picnic area are also planned. A rezoning will be necessary to accommodate the proposed building height of 42 feet. City code limits the height to 40 feet without…

Giving Back 1. Tim Brislin, President of Harvard Investments, joined Harvard Investments and Estrella at the 2025 West Valley Heart Walk in the City of Goodyear. The 32-member Team Harvard/Estrella raised $14.3K to earn top fundraising honors among 70 companies for the second year. Brislin served on the Executive Leadership Team and was the event’s top fundraising walker with $12.4K. 2. The Rosendin Foundation announced that more than $330K has been raised by industry professionals at The 4th Annual TRF Golf Tournament and Auction. The funds will support The Foundation’s grant program, which provides financial assistance to elevate and empower…

Sales Transactions 1. ColRich purchased Camden Copper Square, a 332-unit multifamily community in downtown Phoenix. The property sold for $77M. CBRE represented the seller, Camden Property Trust, and arranged financing for the buyer. 2. Goodman Real Estate purchased Scottsdale on Main, a 119-unit multifamily community at 6901 E. Main St. in Scottsdale, for $66.1M. The seller was Baron Properties, represented by Institutional Property Advisors. The four-story property has units ranging from 643SF to 1.3KSF. 3. Christopher Todd Capital acquired Yardly Paradisi from Taylor Morrison. The 193-home Build-to-Rent community in Surprise sold for $55.2M. Northmarq represented the seller, and its Debt…

By Roland Murphy for AZBEX The complicated process of securing approval of a minor General Plan amendment and rezoning request for Lennar Corporation’s proposed Harvest Grove master plan remains unresolved for the time being. After a nearly three-hour back-and-forth discussion with Town staff project representatives in the Nov. 18 hearing on the project, Gilbert Town Council issued a continuance until its Dec. 16 session to allow the developer and staff to continue working toward common ground. This marks the second continuance from Council. The requests were initially scheduled for a hearing and vote Oct. 28. AZBEX was the first outlet…

By Roland Murphy for AZBEX Following up on our Tuesday front page review of a proposed Memorandum of Understanding between Axon Enterprise, Inc. and the City of Scottsdale, the Scottsdale City Council voted Nov. 18 to approve a modified version of the MOU on a 4-3 vote. (AZBEX; Nov. 18) The agreement, which Axon President Josh Isner said the company would sign, will enable the company to move forward with its plans for a $1.3B corporate headquarters and campus development in north Scottsdale. Scottsdale’s last-minute modification included another downward revision of the project’s residential component. The original plan called for…

By Roland Murphy for AZBEX The Mesa Design Review Board met Nov. 18 to discuss proposed elevations and landscape designs for a planned 24KSF office building at the NEC of University Drive and 80th Street. No action was taken. The building would be used as an office for the Arizona Department of Child Safety. According to the narrative submitted by Bramic Design Group, “The Department of Child Safety provides various services to vulnerable, abused and neglected children. Given the demands placed on the agency in the City of Mesa and the surrounding areas with increases in the reporting of child…