Author: BEX Staff

Dave Chamberlin has purchased a three-story 20KSF building in Midtown Phoenix for $2.5M and will renovate the classic Al Beadle-designed location before moving his companies there. Additions made in the 1980s and 1990s significantly altered the look of the midcentury structure at 500 E. Thomas Road, which was originally designed to appear as if it were floating. Chamberlin has hired Kaiserworks to restore the design intent. The renovation will also add solar power, low-emissivity glass and low-use water fixtures. Property management firm Chamberlin + Associates will occupy the third floor as its headquarters. Chamberlin Restoration will be on the first…

Commercial cooler and freezer manufacturer Imperial Brown will open its fourth Tucson-area plant in a 99KSF speculative industrial building planned for the Tucson Airport Distribution Center in 2023. The plant at Medina Road and Brosius Avenue will have truck courts with trailer storage, 32-foot clear height and 105 parking spaces. The building is being developed with Harsch Investment Properties. VLMK Engineering + Design is the architect, and Chasse Building Team serves as general contractor. (Source)

The Arizona Board of Regents Finance, Capital and Resources Committee approved a motion to enable The University of Arizona to build a new $45M facility for Arizona Public Media. AZPM’s new location would be south of The Bridges mixed-use tech complex near I-10 and Kino Parkway, site of the UA Tech Park. The Bridges has 60KSF already under lease. The development is anchored by The Refinery at the Bridges, a 120KSF innovation-focused office facility developed in partnership with UA. AZPM’s new facility will include a TV production studio and conference space for use by AZPM, UA and the area community.…

The Arizona Power Plant and Transmission Line Siting Committee’s hearing for Tucson Electric Power’s Kino to DeMoss-Petrie 138-kilovolt transmission line has been delayed until February 7th. Originally scheduled for September 13th, the Committee delayed the hearing to permit more time for discussions between stakeholders. The planned project would connect TEP’s Kino substation near Kino Parkway and 36th Street to the substation near I-10 and Grant Road via an overhead powerline. The proposal has generated controversy between the utility and residents who want the line buried to protect views and property values. The City of Tucson has joined in opposing the…

Labor Department data shows an 8.3 percent year-over-year increase in inflation at the wholesale level versus August 2020. The leap is the largest since the Department began tracking in 2010. The Producer Price Index was up 0.7 percent in August, following one percent increases in both June and July. The recession brought about by the pandemic, along with COVID-related supply chain impacts, are partly to blame for price spikes. Core producer prices, which exclude food and energy, were up 0.6 percent from July levels and up 6.7 percent year-over-year. (Source)

While lumber prices have finally been coming down, production and delivery issues with steel goods have caused the prices for those materials to surge by 81.3 percent. Associated General Contractors of America Chief Economist Ken Simonson reported July was the sixth consecutive month of increases more than 10 percent for construction inputs. Many experts predict price increases will continue until at least the end of the year. Other inputs seeing price increases of at least 30 percent include asphalt, plastic water pipe, wood window and door frames, and copper pipe and tubing. (Source)

Giving Back 1. The David R. Sellers Foundation, named for the founder of LGE Design Build, has contributed $42,250 to the Saving Amy Foundation during the month-long campaign “Changing Lives in 30 Days.” The Foundation raised $22,250. LGE Design Build contributed $10K and local investment and real estate development firm Creation, contributed $10K. Company News 2. Factory-built home manufacturer Cavco Industries Inc. introduced a brand refresh earlier this month, unveiling a new logo and color palette. 3. Consulting firm Earthworks Environmental recently celebrated its 7th year anniversary. The company now has 54 employees nationwide and has performed work in 17 states,…

Sales Transactions 1. CBRE announced the sale of the multifamily communities Ascend at Kierland and Elite North Scottsdale to The Ezralow Company for $312.5M. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, a joint venture of Bascom Arizona Ventures and Pacific Life Insurance Company. 2. Berkadia managed the sale and secured financing for a four-property multifamily portfolio of 892-units in metro Phoenix. Properties consisted of Banyan Tree, Belcourt, Coronado and Ridgeway Village Apartments. Senior Managing Director Ric Holway, Senior Director Dan Cheyne and Senior Managing Director Mark Forrester of Berkadia Phoenix completed the $155.75M sale on…

We don’t do this often… In fact, we can’t remember the last time we gave away all our good stuff for free, but hey, it’s a new week and we’re feeling generous. Below is a link to ALL the current procurements we track in the AZBEX Digital Magazine. Normally this stuff is reserved for our paid subscribers only, but we wanted to share with you what they get twice a week. In this link you’ll find sections based on the type of work request – Design RFQ’s vs. Construction bids and RFQ’s, On-Call procurements and more. If you haven’t seen…

By Rebekah Morris for AZ Builder’s Exchange, LLC For the fourth year in a row, Phoenix has eclipsed all other municipalities in the state with the largest planned investment in public assets. The total of its five-year Capital Improvement Plan clocks in at $8.248B and provides funding for a wide range of capital projects including parks, roads and streets to libraries, airport improvements, and public safety facilities and equipment. This year’s total investment decreases from last year’s level by -2.91%. The top five areas for investment are: Aviation, Public Transit, Street Transportation, Wastewater and Water. Collectively, these five departments represent…